Ben Gilbert: belief

Transcript context

…When you say broadcast, digital over the top, JioCinema on smartphone apps. Now, we’re just talking about the Indian subcontinent here. It’s quite interesting that they’re about the same price, the streaming and the TV. The streaming is small but growing way faster, and the TV is very large but flat. It’s really interesting. I think Disney wanted to also go for the streaming rights, but I think the assumptions you have to make about the growth and monetization potential of streaming are a pretty big leap to say, yeah they’re worth the same as TV now, which has a lot of hungry advertising customers standing there with cash now saying I want to advertise on this product. Whereas you’re really betting on the next four or five years on streaming to materialize. But who better to bet on that materializing than Reliance Jio? This is enormous. Disney, it was a real, real problem that they lost the digital rights in the bidding here. Remember, Disney+ is the cornerstone of Disney strategy at this point in time under Iger. Iger has come back.…

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