This podcast episode discusses the challenges and opportunities in the media industry. It explores the decline of linear networks and the rise of streaming services, particularly those owned by Disney. The episode analyzes Disney's direct-to-consumer business, including Disney+, ESPN+, Hulu, and Hotstar, and highlights the company's challenges in increasing revenue and marketing its services effectively. The episode also discusses sports betting and its potential impact on ESPN, as well as the capital allocation strategy of The Trade Desk, a leading digital advertising platform. The speakers raise questions about The Trade Desk's buyback program and its focus on developing new technologies. Overall, the episode provides insights into the evolving media landscape and the challenges and opportunities that media companies are facing in the digital age.
