This Week in Startups $PTON & $SNOW earnings divergence + Streaming news with Lon Harris: HBO, MoviePass & more | E1544
Aug 26, 2022
Lon Harris, a streaming media expert, joins the conversation to dissect HBO's blockbuster 'House of the Dragon,' which set viewership records. He also discusses the anticipated return of MoviePass and its potential impact on the movie experience. The hosts explore Peloton's grim financial outlook, contrasting it with Snowflake's soaring success. They delve into the streaming landscape, touching on the rise of new shows and the changing dynamics of popular franchises, making for a lively discussion on media trends.
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Peloton's Dire Financial Straits
- Peloton faces grim financial prospects with high inventory, substantial accounts payable, and negative free cash flow.
- Jason Calacanis believes the company is nearing insolvency unless acquired or significantly restructured.
Peloton's CEO and the Cargo Ship
- Peloton's CEO, Barry McCarthy, compared the company's struggles to a cargo ship in distress.
- He recounted a dramatic rescue at sea, highlighting the company's urgent need for a turnaround.
Peloton's Potential B2B Play
- Leverage existing gym infrastructure by partnering with established chains or incorporating Peloton into hotel gyms.
- Combine Peloton with other fitness brands, and implement a comprehensive subscription model for broader access.