Speaker 1 0:02

Welcome to this week's edition of the Dan Rayburn Podcast, the show that curates the streaming media industry news that matters most, unvarnished, unscripted and providing you with the factual data you need to know, without any of the hype, the pulse of the streaming media industry.

Speaker 2 0:23

Welcome to the Dan Rayburn Podcast. I'm Dan Rayburn recording Friday, november 1st. Mark is off today so it'll just be me. I had to change the recording podcast last minute, unfortunately Mark couldn't make it, but Mark will be back next week. So a lot to cover this week. I'm going to get through as much as I can and still keep this short.

Speaker 2 0:44

I've had a lot of earnings over the last week. I'm going to get through as much as I can and still keep this short. I've had a lot of earnings over the last week, also because we took a break there for a week as I traveled. Just a lot to catch up on. So let's just jump right into it here. I'm going to call out the things I think are most important. There's some things here with earnings that just not much change quarter to quarter or year over year. So I'm going to highlight, I think, what's most important.

Speaker 2 1:03

So let's jump right into Fubo. First thing Fubo said was that their sports fast channel reached profitability in Q3. I think that's interesting because we don't get a lot of metrics around the business side of fast. Now they didn't break out what percentage of their revenue came from the fast channel, but they did say in their shareholder letter that it reached profitability. Their revenue was $386.2 million for the quarter, so it was up just over 20% year over year. But they had a net loss of $54.7 million, which was up from a net loss of $25.8 million in Q2. So Fubo, of course, is still losing money. That said, their free cash flow greatly improved. It was negative 1.1 million in the quarter before. In Q2. It was negative 35.3 million. So Fubo is well on their way to becoming profitable in 2025. That's the timeline they've told Wall Street, based on Q3 earnings. It looks like they're going to make that projection. What quarter, don't know. All they said was for the year. And then just a quick count in terms of number of subs In North America they gained 160,000 subs. So they ended with 1.61 million North America and what they call ROW rest of world. They lost 33,000. So subscribers are under 400,000. And then the final metric, arpu, average revenue per user, was up a little bit year over year. So it was $85.64, up from $83.51. So not bad up $2 in a year. So that's what we have in Fubo.

Speaker 2 2:53

Let's go into cord cutting. No shocker in this one. We've got all the companies reporting cord cutting. So Charter, they lost 294,000 pay TV subs. That's residential and SMB. So they ended the quarter with 12.4 million. They also lost 110,000 internet customers.

Speaker 2 3:13

I saw some in the media reporting that Charter were saying their business with Disney is going very well. I wouldn't go that far. They declined to give any penetration or usage number on the Disney apps that are now included in certain Spectrum TV packages at no additional cost. What they did say the Charger CEO said the acquisition retention benefits from Disney would be evident. Quote certainly for video, but also with internet when bundled together, and he expects to see that in 2025. But he was also very good and he clarified quote we're not forecasting video growth. So having those services, streaming services from Disney does not mean that they expect the pay TV business to grow. Apple had their earnings really nothing to go in here because there's nothing broken out tied to video, so really nothing that we can look at from that.

Speaker 2 4:13

Let's go into Amazon. Amazon. I'm going to focus on AWS here, since it's tied to our market. Aws had revenue of $27.5 billion, which was up 19% year over year. Now here's the key takeaway. You need to know this is a number you need to throw out all the time when you're talking to people to show you're a player in the game, you understand what's going on with AWS and infrastructure. Aws revenue topped over $100 billion in the past 12 months for the first time. That is just absolutely incredible. Their total revenue was up 11% and their advertising business, which many of us watch that was up 19%. Their advertising revenue was just over $14 billion. That's amazing. 10 years ago, we never would have thought of Amazon as generating revenue from advertising. So key takeaway number $100 billion in AWS in the last 12 months. Now a couple things to note here because we're going to cover infrastructure companies Google Cloud, microsoft and Amazon. Capex from all these companies is skyrocketing because they're all investing for AI services that are coming. So, to give you an idea, amazon spent $22.6 billion in CapEx on property and equipment in Q3. It's up 81%. In 2024, they expect to spend $75 billion on CapEx. Are you ready for this? They said they expect to spend an even higher number than that in 2025. Incredible how they were scaling up. Now their CEO would not give out a revenue number that comes from their generative AI platform and services, but he did say quote it's become a multi-billion dollar revenue run rate within AWS that continues to grow at a triple digit year over year percentage. So interesting. I don't know when, but we're going to be getting some numbers from amazon I would estimate next year revenue numbers tied to ai. They're spending so much money on capex that wall street is going to force them to put those out and frankly, I think they want to because of how good the numbers are starting to look. Also, amazon said they will announce over 100 new cloud infrastructure and AI capabilities at AWS reInvent, which is later this month, so that's an interesting one to keep an eye on.

Speaker 2 6:56

Let's go to another infrastructure one here. Let's do Microsoft. So Microsoft total revenue is up 16%. Revenue from Intelligent Cloud was 24.1 billion, so it's up 20%. Azure, specifically, and other cloud services revenue is up 33%. Now just a heads up Microsoft did change some of the classifications of how they break out revenue and the buckets of revenue of where things fit in. They announced this back in August. They would be doing it, so the fact that their Azure and other cloud services revenue grew 33% year over year, it's not a quite apples to apples, so we don't know what the true number is, because the metrics have changed, but the point is it's still growing.

Speaker 2 7:48

Linkedin revenue increased 10%. Now then Microsoft said their cloud gross margin percentage decreased year over year Are you ready for this? By 71% due to costs related to scaling its AI infrastructure. Free cash flow is $19.3 billion, which is incredible. So, as you can tell, infrastructure costs, apex for the cloud providers continues to grow up. Go up simply based on what it costs to put all this infrastructure in place. And it's it's big place and it's big Now.

Speaker 2 8:34

Amazon CEO said quote it's a really unusually large, maybe once in a lifetime, type of opportunity and I think our customers, the businesses and our shareholders will feel good about this long-term and we're aggressively pursuing. Now, long-term, we could all define that a little bit differently, but the bottom line is they're seeing that this is something that's going to drive revenue. Also, meta when they put out earnings, they raise their capital expenditures guidance. So no surprise there because again, they're scaling out. So it's incredible just in terms of how much these cloud companies are spending to put infrastructure in place to really secure what is their future and by their future I mean it's the next service, or you can call it platform. I guess that's really going to drive a lot of additional revenue. So not surprised. We're seeing CapEx going up there.

Speaker 2 9:35

Let's go next to what do we want to pick? Let's do Comcast. So Peacock added 3 million subscribers in the quarter. The end of the quarter were 36 million. In total, they had revenue of 1.5 billion for Peacock, which is great. But the problem here is Peacock lost $436 million. So Peacock is still losing money. I don't think that surprises anybody, because we've known it still would this year. But to put that in perspective, peacock last quarter lost about $4.85 billion. Every day that's a staggering number. So what we want to see there are more subs, higher ARPUs, and we should see that in Q4 because, keep in mind, a price raise went up just before the Olympics. So what percentage of these 3 million subs do they think they got from the Olympics? We don't know. They didn't disclose any of that. On the pay TV side, comcast lost 365,000 pay TV customers, so they're now down to under 13 million 12.8 million total customers. Even with all that, the company generated $3.4 billion in free cash flow.

Speaker 2 10:49

Now, during the earnings, they said something, and some of the media are getting this right. Some are getting this really wrong. But the president said that they're considering spinning off its cable networks business, but quote they're not ready to talk about any specifics yet. They said they are quote studying the best path forward for these assets. Now here's the problem I have with this. This is the same thing all these cable operators have been telling us for years. When it comes to their TV assets, their cable networks assets, we're not really sure what's valuable or what isn't. We're looking strategically at what to do. It was also interesting Comcast mentioned. We're also open to a partner which we've been hearing from Disney with ESPN for what? 18 months at least.

Speaker 2 11:37

So we continue to hear them say the same thing, but to me they just have to rip the bandaid off. Just do this already. It's time for them to make a plan. The same thing, but to me they just have to rip the bandaid off. Just do this already. It's time for them to make a plan, execute it and stop studying it year after year, because it continues to be the same thing every year. They say it's declining. And keep in mind we just had Warner Bros, discovery and a couple others write off these assets in the billions of dollars off their balance sheet. So they've already done the write-off, so something is coming. They're going to have to do something Now. That said very important. Comcast said any potential spinoff would not include NBC or Peacock. So what's the value then when you're taking those two assets out? Well, obviously it changes it quite a bit. So we'll have to watch to see what they tell us next year. But comcast, like some of the others, they need to make a change the legacy tv business. They have to figure that out, spin it out, bundle it differently outside of their core assets. Wall street would love that as well, and keep in mind a lot of these companies are doing what they think Wall Street will like. It's a big part of their decision-making Shareholders.

Speaker 2 12:50

Let's jump into Roku. Roku added 2 million active accounts to end the quarter with 85.5 million. They hit just over a billion dollars in revenue for the first time 1.06 billion, so it was up 16% year over year. Streaming hours were06 billion, so it was up 16% year over year. Streaming hours were 32 billion, so it was up 5.3 billion hours year over year. The key number to know here is streaming households. Roku households per day are watching 4.1 hours of content, which is up from 3.9 year over year. Arpu was flat, trailing 12 months 41.10, but it was flat. Roku generated 157.3 million in free cash flow In the quarter. They had a net loss of 9 million, so balance sheet was pretty good.

Speaker 2 13:39

Now Wall Street crushed the stock. Roku's not had much luck lately with their stock price, so they had a good quarter. They beat what Wall Street thought they would put out there in terms of guidance and EPS. But why did the stock get hit? Well, two things. Wall Street didn't really like fourth quarter guidance. Roku did say that some aspects of the advertising business were up but others were still down and there's still some uncertainty there in the advertising side. No surprise, but this is what I'm thinking. Did it?

Speaker 2 14:13

Roku announced the beginning with Q1 2025 earnings. They're no longer going to report quarterly updates on streaming households or ARPU, on streaming households or ARPU. So going forward, the way they're going to measure their business is streaming hour, platform revenue, adjusted EBITDA and free cash flow, and Roku says they're making this change since their business has evolved and they are now quote primarily focused on growing platform revenue and profitability. The other thing they highlighted was that various markets for them in certain regions of the world are in different stages of monetization and it's different business economics, especially internationally. So what they're saying is streaming household growth is not representative of platform revenue growth, which is true, which is true. At the same time, they did say they will provide updates as it scales that achieve certain milestones, such as they mentioned when they hit 100 million streaming households, they will release that.

Speaker 2 15:16

So is this a bad thing? You know, I don't really know If you're on Wall Street, it's a bad thing because people on Wall Street always want as much data as they can get, but that's realistically not how that happens with companies. I think a few people who are streaming in the streaming industry hit Roku too hard on LinkedIn and are saying, well, roku's doing this because they're trying to hide other data or magically, well, focus on this over here, so you don't look at this. Well, there's nothing wrong with the core business. You can see the numbers, the balance, you can see the P&L. So I think that's just some people trying to create noise where there isn't. The bottom line is what does Wall Street care about? They care about profitability and they care about growth profitability and they can care about growth. So they'd rather you have fewer subscribers making higher ARPU and making more profit on every dollar. So I don't think it's a big deal at all, but clearly Wall Street didn't like it. I'll see what Roku closed at today. So today Roku closed up $1.62. So pre-earnings, they were at $78. Today they closed at $65. So still a $13 hit. Clearly Wall Street doesn't like that and they also didn't like the guidance. They felt that was weak Meta.

Speaker 2 16:47

Let's just go to Reality Labs for a second. This is just staggering. Reality Labs unit posted an operating loss of $4.4 billion in Q3 on sales of $270 million. Now here's the number you need to know. Since 2020, meta's Reality Labs unit has recorded an operating loss of more than $58 billion. That is insane and a complete waste of money $58 billion. Now I get your Meta. Your free cashflow is amazing and your balance balance sheet's amazing and you have all this money that you can make big bets. But at what point do you look at the amount of money you've spent without a great return on it and say, okay, enough is enough. Sales of 270 million. So they might they might this year break a billion dollars in revenue from the Reality Labs unit. If not, they'd be close to it. So you're talking about a billion dollars in revenue this year. Year before year, before 2020, they had almost no revenue. 2021 had nothing Before year before 2020, they had almost no revenue. 2021 had nothing. So I'd have to look up the numbers. It's definitely under $3 billion in terms of total sales from that unit to date and you spent $58 billion. That's just in operating loss. That's just incredible.

Speaker 2 18:27

Let's go to Alphabet Cloud revenue. Revenue of 11.35 million was up 35 percent not surprising. Uh, youtube advertising revenue of 8.92 billion that was a 12.2 percent. Uh, youtube's ad and subscription revenue surpassed $50 billion over the past four quarters for the first time. Some numbers here Parasummer Olympics generated 12 billion views on YouTube. Now here's the key stat which I thought was interesting 35% of those were on TV screens. So flip that around the other way. So flip that around the other way 65% of what was viewed on YouTube for the Paris Summer Olympics was not on the large screen. It doesn't surprise me, but that might surprise people in the industry, where they think everything for the Olympics is on a larger screen. It's not the case with YouTube. A couple of things here on YouTube just to point out is they did not mention YouTube TV. We have no additional updated number and they didn't mention anything as far as an uptick for YouTube TV, with NFL Sunday Ticket being it's a new season I was hoping maybe they would talk about that, but we didn't get anything on that. Another one to point out here.

Speaker 2 19:49

So TechCrunch picked up on this in a threads discussion from Instagram, but this is something that that's actually been out for a couple of years. So in a thread post, someone from Instagram was discussing in detail why Instagram lowers video quality for unpopular videos. So what he said was people interact with videos based on their content, not their quality. Now, I don't agree with that. But, moving forward, instagram's had this policy in place since 2021. They actually wrote a blog post I should say sorry. Meta wrote a blog post in 2021 on how they use different encoding configurations to process videos based on their popularity. And the reason they do that, they say, is they're saving money by optimizing compression and compute efficiency at scale. Yeah, not surprised. Even Meta has to be efficient. Also, they said most this is quote most of the overall watch time on Meta's apps is generated by a relatively small percentage of the videos uploaded.

Speaker 2 20:51

So for you OGs listening, what does that remind you of? It reminds you of the 80-20 rule 80% of your viewership is coming from 20% of your content. We've had that in the industry from day one. What the actual number is now? Some companies tell me it's 90, 10, but it really depends on whether it's live, on demand, sports, what it might be. But here's, here's instagram, here's meta coming right out and just saying, hey, small percentage of our content generates the largest percentage of views.

Speaker 2 21:24

Now I don't agree with this person from Instagram that users don't select videos based on their streaming quality Myself and I'm sure, many others, especially on Instagram. If it's taking a little longer to load or the quality isn't as great to start, I'll bypass it. So maybe if I had a higher level of video quality, maybe I'd stick around, maybe it would be more popular. So I don't necessarily agree there. The other thing is what they say in their blog post is if a video starts off unpopular but becomes popular, what they will do is they'll adjust the video quality from low to high and then, if it becomes unpopular again over what period of time, we don't know they'll adjust it back down. But what they don't tell us is how quickly they can do that. It's not, I guarantee, that's not in real time and that requires a lot of intelligence in their platform. And what are the trigger points where they're determining what is quote popular and what isn't. So they don't disclose how quickly this all takes place, the methodology in the back end to decide and, as many content owners were chiming in on this threads discussion, it really leaves them in the dark and frustrated, which I would agree with If I was a content owner on Instagram or pushing content on Instagram. The other thing on Instagram I'll just point out here that drives me nuts. If I see a video on Instagram, why do they show me the same video three days later? Don't they know I've already seen it? I get this all the time in the feed. I never understood that.

Speaker 2 23:04

A couple of things here to point out. Oh, I forgot that we didn't do Verizon, so Verizon cord cutting. They lost 74,000 Fios video subscribers. They lost 65,000 in Q2. They ended Q3 with 2.74 million. They've lost over 207,000 subscribers so far this year. As I've said many times, it's only a matter of time before Verizon gets out of the pay TV business. They're just too small.

Speaker 2 23:33

We also got a filing. This one was interesting. So Sky UK, which Comcast, of course, owns. They filed their 2023 annual report, made an operating loss of 224 million pounds, loss of 224 million pounds, which doubled its 2020 loss of 111 million pounds. Total revenue was 10.2 billion pounds and the defined DTC direct-to-consumer sky-glass mobile streaming and broadband made up 83% of total revenue, which was completely flat year over year. Also, content costs were flat from 2022. So that was interesting Flat revenue, flat content costs. Well, don't you have to spend more in revenue to try and get more subscribers, more advertisers? Traditionally, you do so. Not quite sure what they're doing there with business Subscribers, more advertisers traditionally, you do so. Not quite sure what they're doing there with business. They also said that they continue to invest in Sky Showtime Limited and said quote due to losses to date in a startup took an impairment charge of 327 million pounds. So some interesting numbers there on Sky.

Speaker 2 24:44

Let's go to Harmonic. Harmonic was rocking after earnings with stock. It was up quite a lot. So they had revenue of $195.8 million, 54% year over year. They had a gap net income of $21.7 million. Why is that important? Because Q2, they had a gap net loss of $12.5 million. Q2, they had a gap net loss of $12.5 million, so they improved their balance sheet there. Video segment revenue was $50.4 million, which is up from $45.8 in Q2.

Speaker 2 25:22

They revised their full-year company guidance of between $622 to $677. Previously the range was $645 to $695. So they raised the lower part of the range was $645 to $695. So they they lowered the lower part of the range and, or sorry, raised the lower part of the range and they lowered the upper part of the range. The end of the quarter was 58.2 million cash on hand. As of this was Thursday, so as of the end of November, their stock is up 57.6% in the past six months and just over 52% in the past 12 months. So let me check Harmonic stock. Closing out November 1st, they were only down 13 cents, so no real impact at all. Today, in five years, their stock is up 37% Max. All time. Their stock is still up 62.37%, which is rare if you look at a lot of other companies. So it's harmonic.

Speaker 2 26:25

Let's go to Samsung. So this is the first time Samsung's ever done this. So for the first time ever, via blog post, samsung publicly released a number of monthly active users for its fast streaming service, what they call Samsung TV+. So they announced it's 88 million. Now, not shockingly, they wouldn't disclose how they define monthly active user or the metric used. Keep in mind that many times. Samsung TV Plus can be the app that defaults, like you know, get the TV connected and whatnot. So do you just have to open up the app on the TV but never play video? And is that an MAU? I don't know. I did tag a bunch of people from Samsung's company in the comment section in the post I did, asking for additional clarification. Not surprisingly to listeners, none of them replied, so my guess is they can't say anything at all. Their blog post did talk about the percentage of viewership growth year over year, but it didn't include any base numbers, so don't really know what that means.

Speaker 2 27:34

Espn so let's go into this. Espn had a Monday night football doubleheader where the first game was on TV and then, I think it was 45 minutes later, the next game was on ESPN plus exclusively. Now, after the game was over the next day, they put out viewership figures Disney did for the game on TV, but they neglected to mention ESPN plus. Uh, it was then reported by a couple different news outlets. Now, again, we don't know if this is accurate because they didn't say, but they said the ESPN Plus game peaked at 1.8 million viewers, and that includes not only streaming but over the air, from everything I can remember, from everything I can remember, that would be the lowest average minute audience streaming of any NFL game in, I would think, history 1.8 million, because that includes over the air. So strip out I don't know a couple hundred thousand over the air. You're talking 1.3, 1.4 million. That's it. Look at the numbers from AMA, from Prime Video. So clearly that did not do well. So be interesting to see what exactly Disney does with ESPN Plus in terms of if they're ever willing to put another game on it that's exclusive, like that.

Speaker 2 29:04

Let's talk WNBA here, because ESPN also said the WNBA playoffs were the most viewed in 25 years across all platforms, with viewers up 142% in 2024. Okay, that's good, up is up. But keep in mind that when you look at the numbers across 17 playoff games, espn didn't even average a million viewers. It averaged 970,000. So you have to keep those in context. Another one here is it's reported that Reliance is going to retain Disney Plus Hotstar as the sole streaming platform once they merge. To retain Disney plus hot stars the sole streaming platform once they merge. Uh, so, after the merger of star Indian by a comm 18, apparently that's that's going to be the brand. Some more to come on that, and then I'll do two other things here real quick. Uh, you know, somebody posted online I'm not going to use their name because I don't want to bring any publicity to their nonsense.

Speaker 2 30:04

But they said quote Netflix live streaming will be tapping public CDNs in a multi-CDN setup. No, it's not happening. They also said global public CDNs are in their deathbed. No, it's not happening. Just because the growth in CDNs and some CDNs is going down year over year revenue growth doesn't mean they're in their deathbed. Akamai has already publicly stated even with the decline in the revenue growth over the last few years, the business is still profitable. Amazon's cloud-front business, as I've already pointed out at cdnmarketcom, is going to grow about 15% this year. So that is not the case and Netflix is not using a multi-CDN strategy.

Speaker 2 30:43

You don't have to even ask Netflix. Just look at where the streams are coming from. This isn't rocket science here. But you know people are still trying to get away with throwing out these huge things on LinkedIn to create buzz, hoping that they get impressions. Don't fall for it. It's not real. Let's go on to Nielsen here. So I got to put this one up on LinkedIn because nobody seems to have noticed this. I someone pointed out to me if you've seen this, but I've yet to.

Speaker 2 31:13

So Nielsen put out in October their gauge report, like they do, you know, saying oh, amazon prime video is the highest boosted by NFL Thursday night football rings of power. Yeah, that all makes sense. I totally get it. Two things that bother me. One why can't Nielsen properly spell the word? It's not all in lowercase. One word it's capital U, sorry, it's capitalY and it's capital T. Why can't they get that right? You would think these are guys who are putting out metrics. Doesn't attention to detail matter? Why am I the only one that bothers? Second, we've never really known what is included in certain categories and what is excluded. They won't break that down. However, in the October chart there's some fine print that tells us what they removed. Here's what it says Live streaming, virtual MVPDs apps have been removed from the streaming category. They have also been removed from the other streaming other category. In streaming, hulu and YouTube now reflect usage to Hulu S5 and YouTube Main without their respective virtual MVPDs, hulu Live and YouTube TV Interesting. So now we know that YouTube TV used to be included. Hulu plus live TV used to be included. Also, it's not called Hulu live, it's called Hulu plus live TV, and they use the word YouTube three times in that description I just wrote, just not properly worded, right, and nobody seems to make an issue of it, and it drives me nuts because these are the stats that everyone in the industry is using, because we're lacking anything else out there. This is what people are picking up on. But I thought it was really fascinating that we now know what used to be included and now we know what has been taken out. So fascinating there. I'm going to put that up on LinkedIn. Everything else I've talked about today is up on LinkedIn, so that's good. So that's what I've got today.

Speaker 2 33:31

We got through a lot of stuff here actually in 30 minutes. Wow, that was a lot. What do we got coming up? So the week of November 4th is another week of earnings, pretty much the last one week-wise. So we've got Altice, we've got Bright Cove. Monday is Fox and Vimeo, then we've got Fastly, kaltura, vizio, akamai, cloudflare, lionsgate, wbd, amc and Paramount. So we've got 13.

Speaker 2 34:03

Next week. Then the good news is we're pretty much done, because the week after is just Disney. Disney tends to always be the latest. Also, keep an eye on November 15th Friday, because we've got the Mike Tyson, jake Paul fight. So it'll be super interesting to see what might come of that in terms of viewership. I don't know if Netflix is going to put out any, any numbers on that, but I wouldn't be surprised if we get. We get something, even if it's just high level. And then you know, of course, next month we're going to have the two NFL games on Christmas on Netflix, which is, as we get closer to that, mark and I will talk more about that because of just how large that is going to be.

Speaker 2 34:46

And then the final one is going to be that piece I'm going to cover here is Comcast. I have to look this up again Put out a press release saying they had the largest single day of traffic on their network. And here we go, sorry, biggest week. So you know, comcast, really, I mean, in the title they call it an internet history, which, okay, that's not the case because they're only talking about traffic on their network, but that's how Comcast does these things. So, because of the prelaunch of Call of Duty Black Ops 6, but that's how Comcast does these things. So, uh, because of the prelaunch of call duty black ops six, and then, if you also have the Thursday night football, uh, what they say is um, that it was the largest percentage of total traffic delivered on their network, um, the fifth highest internet traffic day ever in Comcast network history. Percentage of total traffic delivered on their network the fifth highest internet traffic day ever in Comcast network history but they didn't give out any actual numbers, so we don't know what the numbers were. I did reach out and ask just how are they actually measuring this, though, because this is largest in terms of total gigabits sustained terabits sustained Like. Is this a sustained number or is this a total bits delivered? So they nicely wrote back real quick and said total bits delivered. So this is just the amount of bits delivered for one week period was the most they've ever delivered on their network across everything. So take that for what it is. I didn't see a lot of comments online with Call2D, black Ops 6 issues with downloads and whatnot. The gaming companies all use virtualized servers for that as well. Many times inside ISPs. A lot of ways to deliver that. Also, if there were some issues people were having, it could have been on a different ISP, but I didn't see a lot of issues there, not surprisingly, but that's a stat that Comcast put out in a press release. So that's what we've got this week.

Speaker 2 36:53

Appreciate everyone listening. You got any questions? Reach out to me. Mark will be back next week for the next. Let's see. Next week Mark and I are back, then we take it. Then I have to take a week off for travel and we're back for probably four weeks straight with no break. I know I've been also a little slow and uploading podcast episodes, my, my apologies. There I've been in some locations where I just don't have internet or don't have great internet, but I'll I'll make sure that we get these up on a faster period. But any questions reach out to me anytime. Appreciate everyone listening, everyone, be safe. Have a great week and Mark and I'll talk to you next week. Thanks very much.

Speaker 1 37:29

If you enjoyed the show, send it to a friend, have questions for Dan or Mark, connect with them on LinkedIn at any time, and be sure to check out Dan's blog at streamingmediablogcom.