Mark Mahaney

I just think that they're recessionary resistant. And then there's something else that's happening. Industry's gone through consolidation. 2018 and 19 were everybody was entering into the streaming wars. And then we peaked when Disney's fired its CEO for running up streaming losses too high. And ever since then, we've had nothing but consolidation.

I just think that they're recessionary resistant. And then there's something else that's happening. Industry's gone through consolidation. 2018 and 19 were everybody was entering into the streaming wars. And then we peaked when Disney's fired its CEO for running up streaming losses too high. And ever since then, we've had nothing but consolidation.

And everybody wants to sell, well, I'm exaggerating, but everybody wants to sell their content to Netflix now. And Netflix at the end of the day is sort of taking share in this market. And then there's something else. They're proving that they have pricing power. Like if you have a media company with pricing power, you know, you don't get too many of those. Spotify has it.

And everybody wants to sell, well, I'm exaggerating, but everybody wants to sell their content to Netflix now. And Netflix at the end of the day is sort of taking share in this market. And then there's something else. They're proving that they have pricing power. Like if you have a media company with pricing power, you know, you don't get too many of those. Spotify has it.

And everybody wants to sell, well, I'm exaggerating, but everybody wants to sell their content to Netflix now. And Netflix at the end of the day is sort of taking share in this market. And then there's something else. They're proving that they have pricing power. Like if you have a media company with pricing power, you know, you don't get too many of those. Spotify has it.

They're going to come up with a super fan plan. They got 269 million paid subscribers around the world who pay them. I forget. It's like $13 a month or something like that. You and I both know, we all three know that we can probably name 10 of our friends who are really passionate about music and would spend 25 bucks a month for some really nicely curated

They're going to come up with a super fan plan. They got 269 million paid subscribers around the world who pay them. I forget. It's like $13 a month or something like that. You and I both know, we all three know that we can probably name 10 of our friends who are really passionate about music and would spend 25 bucks a month for some really nicely curated

They're going to come up with a super fan plan. They got 269 million paid subscribers around the world who pay them. I forget. It's like $13 a month or something like that. You and I both know, we all three know that we can probably name 10 of our friends who are really passionate about music and would spend 25 bucks a month for some really nicely curated

you know, um, early release version of Spotify. They're just passionate. They have all their playlists and their party lists, et cetera. So I just think that there's, and that's, so I, yeah, I think Spotify is the pricing power. Netflix does too. And Netflix is going to, I think Scott will appreciate this. Netflix is going to recreate the bundle. That's their strategy.

you know, um, early release version of Spotify. They're just passionate. They have all their playlists and their party lists, et cetera. So I just think that there's, and that's, so I, yeah, I think Spotify is the pricing power. Netflix does too. And Netflix is going to, I think Scott will appreciate this. Netflix is going to recreate the bundle. That's their strategy.

you know, um, early release version of Spotify. They're just passionate. They have all their playlists and their party lists, et cetera. So I just think that there's, and that's, so I, yeah, I think Spotify is the pricing power. Netflix does too. And Netflix is going to, I think Scott will appreciate this. Netflix is going to recreate the bundle. That's their strategy.

You remember how much you paid for your cable bundle? I forget 40, 50, 70, 80 bucks a month. And Netflix has got all of that, you know, uh, high end production content But they're going to bring in more and more live events, more fights, more sports. And eventually you're going to get real big league sports on there because they're going to have the ability to outbid almost anybody for them.

You remember how much you paid for your cable bundle? I forget 40, 50, 70, 80 bucks a month. And Netflix has got all of that, you know, uh, high end production content But they're going to bring in more and more live events, more fights, more sports. And eventually you're going to get real big league sports on there because they're going to have the ability to outbid almost anybody for them.

You remember how much you paid for your cable bundle? I forget 40, 50, 70, 80 bucks a month. And Netflix has got all of that, you know, uh, high end production content But they're going to bring in more and more live events, more fights, more sports. And eventually you're going to get real big league sports on there because they're going to have the ability to outbid almost anybody for them.

So I just think they're going to recreate the bundle. So the top price on Netflix today is, I think, $24.99. I bet, you know, a dollar, big bet for me that within 10 years, that top price on Netflix for that big bundle that they've got with all this live entertainment, that's going to go to 30.

So I just think they're going to recreate the bundle. So the top price on Netflix today is, I think, $24.99. I bet, you know, a dollar, big bet for me that within 10 years, that top price on Netflix for that big bundle that they've got with all this live entertainment, that's going to go to 30.

So I just think they're going to recreate the bundle. So the top price on Netflix today is, I think, $24.99. I bet, you know, a dollar, big bet for me that within 10 years, that top price on Netflix for that big bundle that they've got with all this live entertainment, that's going to go to 30.

It's going to go to 35 bucks and people will pay for it because they're going to recreate the bundle for you. So I think that's why Netflix and Spotify today, you know, have been outperforming, not just year to date, but the last, you know, 18 months, the stocks have done well. Recessionary resistance, that's the most recent thing. Expanding market share.

It's going to go to 35 bucks and people will pay for it because they're going to recreate the bundle for you. So I think that's why Netflix and Spotify today, you know, have been outperforming, not just year to date, but the last, you know, 18 months, the stocks have done well. Recessionary resistance, that's the most recent thing. Expanding market share.

It's going to go to 35 bucks and people will pay for it because they're going to recreate the bundle for you. So I think that's why Netflix and Spotify today, you know, have been outperforming, not just year to date, but the last, you know, 18 months, the stocks have done well. Recessionary resistance, that's the most recent thing. Expanding market share.