Jason Calacanis CNBC SquawkAlley 5/10: Disney slips, best ESPN play at crossroads, Snap 1st earnings | Summary and Q&A

TL;DR

Disney's ESPN is facing challenges due to cord cutting, while Snapchat's first public report needs to address competition from Facebook's attack on stories.

Key Insights

• 🥺 Cord cutting is impacting ESPN's cable subscription model and could lead to a decline in subscribers and monetization.
• 👊 Snapchat's first public report needs to address competition from Facebook's attack on stories and focus on user growth and effective monetization.
• 🎯 ESPN can differentiate itself by offering a direct-to-consumer product and unique content to target Millennials and potentially increase profitability.
• 🫵 The success of both ESPN and Snapchat relies on their ability to adapt to changing viewer preferences and provide value to their respective audiences.
• 🧑‍💻 Facebook, Apple, Netflix, Google, and other tech giants are positioned for continued growth due to their massive network effects and market dominance.
• 💗 These tech companies may not be overrepresented in the market, as they are expected to continue growing due to their strong market positions.
• 👨‍🔬 Google has established a monopoly in search advertising while strategically avoiding triggering antitrust concerns.
• 🛩️ Facebook has maintained its dominance despite competition from smaller, less successful platforms like Twitter.

Transcript

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Questions & Answers

Q: What impact is cord cutting having on ESPN?

Cord cutting is causing a decline in ESPN's subscribers, leading to challenges in monetization and the need to adapt to changing viewer preferences.

Q: How is Snapchat responding to Facebook's competition?

Snapchat needs to focus on its response to Facebook's attack on stories, including user growth, meeting ad numbers, and effective monetization through their new ad platforms.

Q: How is Snapchat differentiating itself from Facebook?

Snapchat aims to be the "anti-Facebook" by targeting a niche market of Millennials who prefer a more private and engaging platform, rather than trying to compete for a global user base.

Q: What should ESPN do to succeed in providing value to its audience?

ESPN should become part of the real-time dialogue by hiring young correspondents active on social media, offering a direct-to-consumer product with unique content, and potentially targeting a Millennial audience.

Summary & Key Takeaways

• Cord cutting is impacting ESPN and its cable subscription model, leading to a decline in subscribers and potential challenges in monetization.

• Snapchat is facing competition from Facebook's attack on stories and needs to focus on user growth, monetization, and response to this competition.

• ESPN can differentiate itself by offering a direct-to-consumer product and unique content, potentially targeting Millennials and becoming profitable.