“One of the most invigorating parts of this job is when you start seeing data points that were unexpected and force you to re-think a core tenet.”
That’s the opening line from a newly released investor report on U.S. media from MoffettNathanson Senior Analyst Michael Nathanson.
He notes that from his Wall Street perch, MoffettNathanson has long preached the dogma that live sports “are the glue to Pay TV and, as such, will be the least likely content to go over-the-top.”
Umm … that’s proving to be untrue, to some extent. Now what?