David Rosenthal: belief

Transcript context

…Weird. Anticlimactic almost. I don’t know how you would design the media product. I think this is a wild card. It doesn’t sound that compelling to me, but I don’t know. IPL has designed incredibly compelling media products. Maybe they could find a way to make this really interesting. So that’s a wild card. I don’t think you can bet on that, but I think you definitely can bet on 2x expansion of just simply inventory of games played, which combine that with 5x expansion in the ad market. Boom. There’s your 10x. It’s going to take you to roughly the same scale as the NFL. A supporting point on this, which I don’t think grows revenue necessarily but makes it more likely to happen. As we’ve alluded to, the IPL has basically become the national champion of India. The Indian government is highly, highly, highly incentivized to make this continue to be a shining success story for India. And with Reliance so deeply involved now. Reliance is the largest telecom operator in the country. The largest or one of the largest diversified companies, period, so they’re also an advertiser of their products. They own the biggest team. They’re deeply involved in the league. The Ambanis and Reliance are not going to let this thing fail Domestically and internationally on streaming.…

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