David Rosenthal: belief

Transcript context

…Then Twitter is my biggest thing that I want to talk about in Playbook is sort of the vertical versus horizontal conflict, where if you're buying a business that already serves a bunch of other customers and has a bunch of other stuff that they do, buying them to just do your vertical thing would be tricky. Like on Twitter. Are they going to stop it from being Twitter, so that they could make it Disney's Twitter and only distribute Disney content? It just like this is massive vertical-horizontal conflict. Whereas in BAMTech, sure they get paid pretty good money to power that tech for other people's platforms that may or may not go away over time. Even though they're doing a horizontal service to the industry there, by Disney using them for this intensely-focused verticalized capacity of disturbing their content on their channel with Disney Plus, with ESPN Plus with now Hulu, it's not creating conflict. Yeah, totally. In 2017, they complete a majority purchase of BAMTech. They own 75% of BAMTech, I believe the other 25% is probably employee equity and Major League Baseball. And the NHL owns a bit.…

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