David Rosenthal: belief

Transcript context

…So I’ll just kick it off with this one excerpt that I grabbed from that Verge article that I thought was really great. “BAM has been flirting with the idea of a spinoff since 2005, when it made the rounds with investors and bankers. But its revenue at the time was under $250 million, and streaming video was still far from mainstream. A decade later, BAM is on pace to earn $900 million, and says it’s been turning a steady profit.” And so it’s really interesting to think about MLB for the longest time, you know, over a decade now has known that this thing is probably different enough from what we do and serves us as one customer but it’s really a horizontal they could serve a lot of customers or in fact be a rights holder itself that we got to get this thing out of here. But it sort of took until now for them to find the right partner and make it a big enough business on its own to make it happen. I wanted to get your thoughts on that. Why couldn’t they do it any sooner? Yeah. I mean, I think the opportunity here is so much larger than just being the streaming service for Major League Baseball, but that you actually could build the television network of for the internet. Absolutely.…

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