Peacock has lost $1.4bn this year

plowboy
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7/28/2023 3:09pm
plowboy wrote:
Lol...my wife and kids love it.  Much like vodka...I had a bad experience.  At a Bangladeshi curry restaurant in bumfuck England.  Never again.

Lol...my wife and kids love it.  Much like vodka...I had a bad experience.  At a Bangladeshi curry restaurant in bumfuck England.  Never again.Pinch

dv12.com wrote:

You'd eat my curry and ask for more...

You're probably right...only a fool would argue food with a FrenchieBlush

1
1
Peddy
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7/28/2023 3:16pm
Crutcher wrote:
The streaming service expects to see a $3bn loss over 2023. This may cause turbulence for all programming, which unfortunately includes both SX and MX. I'd...

The streaming service expects to see a $3bn loss over 2023.

This may cause turbulence for all programming, which unfortunately includes both SX and MX. I'd expect a subscription increase for 2024 and a possible sale of the entire service - Comcast just sold off its $9bn stake in Hulu to Disney, showing that these streaming services are portfolio assets that are not 100% understood in realm of long term sustainability.

It's worth noting that NBC saw $30.51 billion in revenue during Q2. Net income was $4.72 billion.

However, with the current SAG and colleagues strike - television as a whole is in a bit of jeopardy, and is not likely to see the same returns for the remainder of 2023.

The entire SMX playoff framing was built on a combined television and streaming package carrying both Feld and MX Sports products. If the Peacock service is sold, there is no guarantee all programming will be transferred over to the new provider in whatever platform shape we see it in. I doubt this will cancel the SMX experiment, but may be a logistical curveball for the two promoters. Thankfully, they know more about entertainment than I do, and I'm sure they have contingency plans in development should a situation like this arise.

Pretty sure I got a notification saying beginning next month the subscription fee would be raised.

Oldstyle
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7/28/2023 4:14pm
Magoofan wrote:
Amen to that.   Some of the most disgusting content I've ever seen (and no, I have not watched).   Not to mention the commercials they air.   ...

Amen to that.   Some of the most disgusting content I've ever seen (and no, I have not watched).   Not to mention the commercials they air.    I'm only subscribed for MX/SX.   I don't watch other sports...especially the NBA, NFL, NBA garbage.

I hate supporting them and the sewage they push

(wait for it...."commercials are based on your search history" comments.....horseshit)

 

Oldstyle wrote:
I don’t know why you always get downvoted magoofan but I agree. At the risk of offending anyone, watching the peacock races with my 5 year...

I don’t know why you always get downvoted magoofan but I agree. At the risk of offending anyone, watching the peacock races with my 5 year old and watching ads for Cocaine Bear and HIV commercials is cringe 

Shapi wrote:
Ya but thats not new.  Remember the Cialis commercial during the Super Bowl 20 years ago, or the D.A.R.E. commercials, Trojan commercials.  Or women in g-strings...

Ya but thats not new.  Remember the Cialis commercial during the Super Bowl 20 years ago, or the D.A.R.E. commercials, Trojan commercials.  Or women in g-strings on TV commercials...(which I didn't mind until I got married and had  daughter)

Good point,  maybe I just notice it now haha

1
Oldstyle
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7/28/2023 4:15pm
Magoofan wrote:
Amen to that.   Some of the most disgusting content I've ever seen (and no, I have not watched).   Not to mention the commercials they air.   ...

Amen to that.   Some of the most disgusting content I've ever seen (and no, I have not watched).   Not to mention the commercials they air.    I'm only subscribed for MX/SX.   I don't watch other sports...especially the NBA, NFL, NBA garbage.

I hate supporting them and the sewage they push

(wait for it...."commercials are based on your search history" comments.....horseshit)

 

Oldstyle wrote:
I don’t know why you always get downvoted magoofan but I agree. At the risk of offending anyone, watching the peacock races with my 5 year...

I don’t know why you always get downvoted magoofan but I agree. At the risk of offending anyone, watching the peacock races with my 5 year old and watching ads for Cocaine Bear and HIV commercials is cringe 

Does a 5-year-old have any context on what cocaine or HIV is?

No, but he did ask what the white stuff on the bears nose was and I didn’t want to tell him “booger sugar”

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1

The Shop

7/28/2023 4:18pm
Crutcher wrote:
The streaming service expects to see a $3bn loss over 2023. This may cause turbulence for all programming, which unfortunately includes both SX and MX. I'd...

The streaming service expects to see a $3bn loss over 2023.

This may cause turbulence for all programming, which unfortunately includes both SX and MX. I'd expect a subscription increase for 2024 and a possible sale of the entire service - Comcast just sold off its $9bn stake in Hulu to Disney, showing that these streaming services are portfolio assets that are not 100% understood in realm of long term sustainability.

It's worth noting that NBC saw $30.51 billion in revenue during Q2. Net income was $4.72 billion.

However, with the current SAG and colleagues strike - television as a whole is in a bit of jeopardy, and is not likely to see the same returns for the remainder of 2023.

The entire SMX playoff framing was built on a combined television and streaming package carrying both Feld and MX Sports products. If the Peacock service is sold, there is no guarantee all programming will be transferred over to the new provider in whatever platform shape we see it in. I doubt this will cancel the SMX experiment, but may be a logistical curveball for the two promoters. Thankfully, they know more about entertainment than I do, and I'm sure they have contingency plans in development should a situation like this arise.

Not a problem with SX as they will be picked up by a network or other streaming service but the Nationals they could be left out in the cold. 

2
APLMAN99
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7/28/2023 4:35pm
There's a couple of questions that bug the living shit out of me about streaming. if a video is recorded and uploaded to a server. There...

There's a couple of questions that bug the living shit out of me about streaming.

if a video is recorded and uploaded to a server. There is zero cost associated with streaming that content. I run a personal server with friends with movies on it along with music. There is no upkeep on the server besides updates.

- The only associated cost is my internet connection. that is is.

--- Live streaming i know cost because of infrastructure associated with that, so that can be expensive.

However a 1.4 billion loss seems super excessive. even for a company that size.

There sure are a lot of people working at the server farms around here, and their electrical bills are monstrous with all of the cooling that they require. I don’t think that the programming is installed on things like your personal server, do you?

1
RichieW13
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7/28/2023 4:46pm
There's a couple of questions that bug the living shit out of me about streaming. if a video is recorded and uploaded to a server. There...

There's a couple of questions that bug the living shit out of me about streaming.

if a video is recorded and uploaded to a server. There is zero cost associated with streaming that content. I run a personal server with friends with movies on it along with music. There is no upkeep on the server besides updates.

- The only associated cost is my internet connection. that is is.

--- Live streaming i know cost because of infrastructure associated with that, so that can be expensive.

However a 1.4 billion loss seems super excessive. even for a company that size.

Netflix spends about $10M per month on bandwidth: https://www.cloudzero.com/blog/netflix-aws

1
7/28/2023 4:47pm

Without reading the 3 pages--the problem for allthese streaming services is good content people will pay for. Hollywood is producing shit, so there's very little desire for most of their content. Same for network tv. As for the writers strike, that had the opposite effect than what the OP thinks- live sports will be all thats left for new content other than replays! 

1
APLMAN99
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7/28/2023 4:51pm
brocster wrote:
It’s funny math. If in their business planning meeting in 22’ preparing for 23’ they forecasted they’d make 3 billion based on past trends, but only...

It’s funny math. If in their business planning meeting in 22’ preparing for 23’ they forecasted they’d make 3 billion based on past trends, but only made 1.5 they’ll claim the loss of the other 1.5. Most large corps operate like this. Nobody is out any real money and it’s way to cook the books to keep the PONZI scheme (IRS and “write offs”) moving along. Flame away…

Uh, not quite. I guess that you could file your taxes that way, but it’s unlikely that any accounting firm is going to sign that audit and the IRS would certainly be more interested in a corporate return that couldn’t pass audit each year. 
 

Things like this are more likely due to allocation of expenses more than outright fraud. And claiming a loss only because you didn’t meet your projected revenue would likely be fraud. 

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WarrenMX
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7/28/2023 5:46pm
There's a couple of questions that bug the living shit out of me about streaming. if a video is recorded and uploaded to a server. There...

There's a couple of questions that bug the living shit out of me about streaming.

if a video is recorded and uploaded to a server. There is zero cost associated with streaming that content. I run a personal server with friends with movies on it along with music. There is no upkeep on the server besides updates.

- The only associated cost is my internet connection. that is is.

--- Live streaming i know cost because of infrastructure associated with that, so that can be expensive.

However a 1.4 billion loss seems super excessive. even for a company that size.

That's like saying a commercial trucking business has zero fuel costs because you have golf cart that you use to drive to the grocery store which costs "next to nothing" to charge. 

There's a reason Amazon web services exists and why it's worth 3 times more than the the rest of Amazon. 

1
kage173
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7/28/2023 6:14pm

That's a bummer. I've loved that platform for SX/MX. It also got me watching Indy Cars again and my kid enjoys IMSA

2
byke
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7/28/2023 6:21pm Edited Date/Time 7/28/2023 6:22pm

I like Peacock, but it's annoying how their highlight videos have spoilers in the titles and you have to scroll past them to get to the race. Obviously not an issue if watching live, but after ruining three races for me trying to watch them on Sunday, I figured I could just watch highlights on youtube for free and without the aggravation, so I've cancelled the service. 

1
4
Andingo86
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7/28/2023 6:27pm
I only have Peacock for MX and SX. I also watch every race the whole time (unless something over rules my time), although I’m usually on...

I only have Peacock for MX and SX. I also watch every race the whole time (unless something over rules my time), although I’m usually on this forum during the 450 motos. 

I to only have it for mx &sx but now they have "the burbs" win win!

1
SPYGUY
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7/28/2023 6:49pm
brocster wrote:
It’s funny math. If in their business planning meeting in 22’ preparing for 23’ they forecasted they’d make 3 billion based on past trends, but only...

It’s funny math. If in their business planning meeting in 22’ preparing for 23’ they forecasted they’d make 3 billion based on past trends, but only made 1.5 they’ll claim the loss of the other 1.5. Most large corps operate like this. Nobody is out any real money and it’s way to cook the books to keep the PONZI scheme (IRS and “write offs”) moving along. Flame away…

Simply, no.

1
Sidewinder 1
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7/28/2023 9:49pm
brocster wrote:
It’s funny math. If in their business planning meeting in 22’ preparing for 23’ they forecasted they’d make 3 billion based on past trends, but only...

It’s funny math. If in their business planning meeting in 22’ preparing for 23’ they forecasted they’d make 3 billion based on past trends, but only made 1.5 they’ll claim the loss of the other 1.5. Most large corps operate like this. Nobody is out any real money and it’s way to cook the books to keep the PONZI scheme (IRS and “write offs”) moving along. Flame away…

This is absolutely correct. My wife’s works in marketing for a large gambling corporation. This exactly the shit they pulled last year. They were projected to make 200 million but only made 150 million. They claimed they lost 50 million for the year, but that’s a load of shit. The made 150 million profit for the year and that’s how it should have been stated. There should be some kind of financial regulations against this sort of manipulation. 

3
RichieW13
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7/28/2023 10:17pm
This is absolutely correct. My wife’s works in marketing for a large gambling corporation. This exactly the shit they pulled last year. They were projected to...

This is absolutely correct. My wife’s works in marketing for a large gambling corporation. This exactly the shit they pulled last year. They were projected to make 200 million but only made 150 million. They claimed they lost 50 million for the year, but that’s a load of shit. The made 150 million profit for the year and that’s how it should have been stated. There should be some kind of financial regulations against this sort of manipulation. 

That's not how accounting works. 

4
1
Joey Bridges
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Kingston, TN, USA
7/29/2023 5:15am Edited Date/Time 7/29/2023 5:16am
Magoofan wrote:
THems fightin words!      Love me some chicken tikka masala... level 7 spice with some naan to dip in it...   [img]https://i0.wp.com/www.nourishdeliciously.com/wp-content/uploads/2022/11/DSC_9207.jpg[/img]    

THems fightin words!   Pinch

 

Love me some chicken tikka masala... level 7 spice with some naan to dip in it...

 

 

Damn you.

That looks awesome. 

There's a place we go to that has the best palak paneer on the planet.

 

Last meal type of stuff.

Now I guess we'll have to break down, drive into town and get some this evening. 

🤤

 

Edit:

With garlic naan of course.

3
7/29/2023 8:22am
There's a couple of questions that bug the living shit out of me about streaming. if a video is recorded and uploaded to a server. There...

There's a couple of questions that bug the living shit out of me about streaming.

if a video is recorded and uploaded to a server. There is zero cost associated with streaming that content. I run a personal server with friends with movies on it along with music. There is no upkeep on the server besides updates.

- The only associated cost is my internet connection. that is is.

--- Live streaming i know cost because of infrastructure associated with that, so that can be expensive.

However a 1.4 billion loss seems super excessive. even for a company that size.

Shapi wrote:
What everyone needs to recognize is not a single TV show, sporting event, news, or anything else on TV/stream makes money by themselves.  They are ALL...

What everyone needs to recognize is not a single TV show, sporting event, news, or anything else on TV/stream makes money by themselves.  They are ALL losing propositions financially.  The entire goal of a "program" is to keep you in front of the screen between commercials.  That's it.  If  program is not entertaining you switch the channel or walk away and never see the commercial which is how the entire industry makes money.  Streaming services such as Netflix, Hulu, etc. are loosing their asses because the content is costing them far more than a recurring subscription will support.  Because most shows they produce don't have commercials, there is nothing to sell, yet they are paying big named stars, writers, producers, etc. to create content that is not driving any substantial revenue.  The only way to fix that is A. go back to a traditional model and sell "air time" to advertisers. B. raise subscription fees significantly.  C. get creative and come up with a new model that people are willing to pay a premium for.  But right now giving it a way as they are essentially doing isn't sustainable.

great points but plan B. and C. are dead already. Corporate room spit-balling aint going to fix this. Getting VALUE will.

YouTube has 2.1 billion monthly active users2.95 Billion Monthly Active Users on Facebook.. Basically all free. Outstanding endless content.

 We need to see a 4th option. Reduced production costs. Stars are not worth or worthy of the money they're paid!!! Put another way: Content costs too much when there's so much great-free-stuff out there to watch. The issue is the competition. Spit-ball how to use Economies of scale. How many people watch MX? 

 

1
early
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7/29/2023 9:05am
great points but plan B. and C. are dead already. Corporate room spit-balling aint going to fix this. Getting VALUE will. YouTube has 2.1 billion monthly...

great points but plan B. and C. are dead already. Corporate room spit-balling aint going to fix this. Getting VALUE will.

YouTube has 2.1 billion monthly active users2.95 Billion Monthly Active Users on Facebook.. Basically all free. Outstanding endless content.

 We need to see a 4th option. Reduced production costs. Stars are not worth or worthy of the money they're paid!!! Put another way: Content costs too much when there's so much great-free-stuff out there to watch. The issue is the competition. Spit-ball how to use Economies of scale. How many people watch MX? 

 

There's been a few niche racing series that have gone to YouTube for free streams to build a following, so far I haven't seen any that have grown their sports significantly.  I'm talking about LiveRC, MultiGP, and MotoAmerica, all these are of course starting out smaller than MX/SX. If there's an example of this strategy working I'd like to hear about it.

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1
7/29/2023 11:14am
early wrote:
There's been a few niche racing series that have gone to YouTube for free streams to build a following, so far I haven't seen any that...

There's been a few niche racing series that have gone to YouTube for free streams to build a following, so far I haven't seen any that have grown their sports significantly.  I'm talking about LiveRC, MultiGP, and MotoAmerica, all these are of course starting out smaller than MX/SX. If there's an example of this strategy working I'd like to hear about it.

Had to look up what two of those were. Don’t think rc car racing and drone racing are ever going to gain a huge outside following due to TV

Magoofan
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7/29/2023 11:15am

Does a 5-year-old have any context on what cocaine or HIV is?

Asked and answered.

You can't make this shit up.

5-year-old who fatally shot baby brother was on cocaine — while dead toddler had marijuana in system

https://nypost.com/2023/07/27/5-year-old-who-shot-and-killed-baby-broth…

 

How incredibly tragic. Sad

 

4
731chopper
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7/29/2023 11:31am
WFO Dave wrote:
Just returned from Europe and had the same experience in London. 3 weeks and probably ate Indian food 90% of the time. We are so fortunate...

Just returned from Europe and had the same experience in London. 3 weeks and probably ate Indian food 90% of the time. We are so fortunate here in the states.

Isn’t the National cuisine of England Indian food? I typically eat a bunch of it in London, too. I’m fortunate to have a lot of good Indian food where I live because there are so many Indian immigrants here. My neighbor cooks some of the most delicious smelling food. 
 

avidchimp
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7/29/2023 11:54am

Yeah, this is quite the cluster fuck for our community. Just about everyone I know is now out of work because of this. Thank God I am still finishing up Lioness for the next month or so.

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1
jambalaya
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Spring Valley, CA, USA
7/29/2023 12:27pm

Creative accounting. 

1
zookrider62!
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7/29/2023 2:10pm

Does a 5-year-old have any context on what cocaine or HIV is?

Magoofan wrote:
Asked and answered. You can't make this shit up. 5-year-old who fatally shot baby brother was on cocaine — while dead toddler had marijuana in system...

Asked and answered.

You can't make this shit up.

5-year-old who fatally shot baby brother was on cocaine — while dead toddler had marijuana in system

https://nypost.com/2023/07/27/5-year-old-who-shot-and-killed-baby-broth…

 

How incredibly tragic. Sad

 

Oh so they saw a commercial for cocaine near and decided to get a toot

1
brocster
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Aliso Viejo, CA, USA
7/29/2023 2:24pm
This is absolutely correct. My wife’s works in marketing for a large gambling corporation. This exactly the shit they pulled last year. They were projected to...

This is absolutely correct. My wife’s works in marketing for a large gambling corporation. This exactly the shit they pulled last year. They were projected to make 200 million but only made 150 million. They claimed they lost 50 million for the year, but that’s a load of shit. The made 150 million profit for the year and that’s how it should have been stated. There should be some kind of financial regulations against this sort of manipulation. 

RichieW13 wrote:

That's not how accounting works. 

Not exactly but these statements of “losses” are always falsely reported is what’s trying to be said. 
 

2
7/29/2023 2:31pm
avidchimp wrote:
Yeah, this is quite the cluster fuck for our community. Just about everyone I know is now out of work because of this. Thank God I...

Yeah, this is quite the cluster fuck for our community. Just about everyone I know is now out of work because of this. Thank God I am still finishing up Lioness for the next month or so.

Any chance you do any live corporate event work? My son just supported an event in LA & he pulled in some locals to Tech. Our industry is strong right now & qualified Ops are tough to find.

7/29/2023 2:31pm
Magoofan wrote:
Asked and answered. You can't make this shit up. 5-year-old who fatally shot baby brother was on cocaine — while dead toddler had marijuana in system...

Asked and answered.

You can't make this shit up.

5-year-old who fatally shot baby brother was on cocaine — while dead toddler had marijuana in system

https://nypost.com/2023/07/27/5-year-old-who-shot-and-killed-baby-broth…

 

How incredibly tragic. Sad

 

That doesn’t mean the kid knew he was doin coke. If your kid doesn’t know drugs are bad at 5 years old that’s a parenting issue not a cocaine bear commercials fault 

1
plowboy
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Norwich, KS, USA
7/29/2023 3:52pm
avidchimp wrote:
Yeah, this is quite the cluster fuck for our community. Just about everyone I know is now out of work because of this. Thank God I...

Yeah, this is quite the cluster fuck for our community. Just about everyone I know is now out of work because of this. Thank God I am still finishing up Lioness for the next month or so.

Damn bud...I support all of your industry....stars are the cool factor but without you guys...the magic don't happen.  

AI is most definitely a threat to your industry...and the world.

I want true mortal imagination and skill...fuck computer stuff.

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