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An Anthropic engineer warned AI could destroy humanity, but Silicon Valley's sudden AI "safety" panic looks a lot like a marketing campaign. This episode of the Media Odyssey Podcast with Evan Shapiro and Marion Ranchet breaks down how California's attorneys general settled in the Paramount-Warner Bros Discovery merger, what the deal's mandates actually require, and why the AI industry's sudden doomsday messaging conveniently coincides with OpenAI and Anthropic's IPO troubles. Plus a look at how Europe is positioning itself in the AI race. Key Takeaways 1. The AI "Safety Panic" Marketing CampaignA former Anthropic engineer's viral tweet warning that AI companies were racing toward "recursive self-improvement" was quickly echoed throughout Sillicon Valley. But the timing argues the timing (right as OpenAI delayed its IPO citing cash problems and Anthropic prepared to raise at a $2 trillion valuation) makes the warnings look more like hype-driven marketing than genuine risk. 2 Meta's Muse Shows the Gap Between Hype and RealityMeta's new AI app Muse became the top downloaded app in app stores days after launch, despite requiring access to users' email, texts, and banking information. But within a single day, security researcher Patrick Wardle hacked his own instance of Muse and planted malware. 3. Europe's AI Position: Enterprise Over Frontier ModelsMistral has pivoted away from competing directly with OpenAI and Anthropic on frontier models, focusing instead on enterprise distribution and infrastructure. Marion Ranchet notes Mistral's most recent $3 billion funding round, led by Samsung, values the company at $21 billion, a fraction of Anthropic's and OpenAI's valuations, but Europe is still finding places for its own AI.  4. The Paramount-Warner Bros Deal's MandatesAttorney General Rob Bonta settled the merger under political pressure, securing commitments including 30-32 theatrical film releases per year, a $25 million independent film fund, mandatory separate operation of Paramount and Warner Bros, keeping studio lots, and an independent oversight board to monitor editorial interference at at CNN. 5. Massive Layoffs Are Coming With $81 billion in combined debt against roughly $12 billion in declining EBITDA, and a plan requiring $6 billion in synergies plus 50% EBITDA growth in 36 months, Evan Shapiro estimates around 20,000 layoffs at Warner Bros and Paramount over the next few years. Interested in sponsorship? https://forms.gle/2LCWfX2HBNT8mtpx8   Connect with us on Linkedin: Evan Shapiro - https://www.linkedin.com/in/eshap-media-cartographer/   Marion Ranchet - https://www.linkedin.com/in/marionranchet/   The Media Odyssey Podcast - https://www.linkedin.com/company/the-media-odyssey-podcast     (00:00) - Welcome (00:32) - Evan Was Wrong (01:56) - Regulators Deal Mandates (02:11) - Theatrical Quotas and Studio Separation (05:08) - News Oversight (08:40) - Pluto TV and Ad Strategy (12:04) - Job Cuts (17:39) - Why Workers Weren't Protected (22:34) - AI Doom Tweets (27:09) - China Models and Reality Check (28:01) - Self Regulation Spin (29:07) - Free Models Threat (31:32) - Muse Privacy Disaster (33:37) - Europe AI (40:59) - Hype Versus Reality (46:34) - Using AI Wisely (49:07) - Commoditized AI Future (52:31) - Next Week

Blair Imani just beat MrBeast on a brand-new ranking of creator influence and and the metric behind it could change how brands spend their money on YouTube, TikTok, and Instagram. This episode of The Media Odyssey Podcast, recorded outside at IBC, features hosts Evan Shapiro and Marion Ranchet with special guest Shira Lazar. They unpack the newly released Affinity 100, a ranking of the most impactful creators of 2026 built on a new metric called the Affinity Quotient, developed with Whalar Group and Foam. Key Takeaways: 1. A New Way to Measure InfluenceThe Affinity Quotient weighs likes and comments, adds shares at double weight, and divides by views to measure engagement per view rather than engagement per post. It captures depth of impact rather than raw reach. 2. Blair Imani Tops the List, MrBeast Ranks 85thEducator and historian Blair Imani (fewer than 1 million total followers) ranked #1, while MrBeast, the world's biggest creator with half a billion followers, landed at 85. The list shows a shift from "creator economy" to the "affinity economy," where depth of engagement matters more than scale. 3. Indie and Expert Creators Are RisingThe list highlights "indie creators" and niche experts (a finance guru, a film reviewer, a makeup artist turned inclusivity consultant) showing that creators with as few as 10,000-50,000 highly engaged fans can build sustainable, meaningful businesses. 4. Brands Still Chase Follower Counts Despite the ShiftEven as the industry talks about quality over quantity, brand briefs still specify minimum follower counts (e.g., "250K-plus"). Shira Lazar argues B2B and knowledge creators are starting to shift that mindset, since the people following niche experts are often the ones making purchasing decisions. 5. The Creator Ecosphere Map Returns in OctoberEvan Shapiro will unveil the second edition of the Creator Ecosphere Map on October 8th at the inaugural Jupiter Festival in Miami, sponsored by YouTube. The new version will rank roughly 800 creators using the Affinity Quotient across all major platforms, with all underlying data made publicly available for validation. Thank you to Shira Lazar for joining the pod! Shira Lazar - https://www.linkedin.com/in/shiralazar/  Interested in sponsorship? https://forms.gle/2LCWfX2HBNT8mtpx8   Connect with us on Linkedin: Evan Shapiro - https://www.linkedin.com/in/eshap-media-cartographer/   Marion Ranchet - https://www.linkedin.com/in/marionranchet/   The Media Odyssey Podcast - https://www.linkedin.com/company/the-media-odyssey-podcast     (00:00) - Live at IBC Intro (00:46) - Affinity Quotient Explained (02:34) - Top Creators and MrBeast Context (05:08) - Why the List Matters (08:08) - Sustainable Creator Playbooks (10:43) - Scale vs Trust Debate (13:39) - Expert Economy and Diversity (15:22) - Next Map and Jupiter Festival (16:59) - YouTube Views and Monetization (18:59) - Wrap Up and Banter

Europe's public broadcasters are losing over 5% of their funding on average, and some budgets are being slashed by up to 70%. It's not because of economics, but ideology. This bonus episode, recorded live at SME Live 2026 in Amsterdam, features Marion Ranchet with Serge Schick (France Medias Monde), Lieven Vermaele (VRT), Christophe Chantraine (RTBF), and Bastiaan Toering (NPO), discussing the funding pressures and strategic countermeasures reshaping European public service media. Key Takeaways1. Public Service Media Reach Is Massive, But Funding Is Shrinking PSM reaches over 80% of Europeans weekly (close to 70% among 15-24 year-olds) at a cost of just €3.60 per citizen per month. At the same time, average funding fell more than 5% between 2019 and 2024, with some countries like Switzerland cutting budgets by 70% despite no public deficit, reflecting political and ideological pressure rather than economics alone. 2. Broadcasters Are Cutting Costs to Protect ContentRTBF is reducing its workforce by 10% over four years mainly through attrition, cutting a radio station, and some sports rights. VRT is rationalizing its brand portfolio down to three core digital platforms (news, sport, audio-visual) while keeping 65% of its budget tied to content production. 3. SVOD and Partnerships Are New Revenue LeversNPO's NPO+ SVOD service, launched in 2016, has driven a decade of added revenue, and its co-production "Wolven" with Disney+ shows public broadcasters increasingly open to streamer partnerships. This mindset shift wouldn't have happened five years ago, contrasting with France's failed Salto SVOD venture. 4. YouTube Strategy Varies by BroadcasterFrance Médias Monde treats YouTube as essential reach across 18 markets it can't cover alone, RTBF uses release-window delays to protect its own platform while benefiting from a large audience halo effect outside Belgium, and NPO/VRT build YouTube-native content designed to funnel viewers back to their own platforms. 5. Collaboration Across PSM Remains LimitedEuropean public broadcasters still rarely share technology or infrastructure the way commercial groups like RTL or Bedrock do across markets, despite recognizing the need for scale. Efforts like the EBU-backed Public Space Incubator offer a small but promising start. Thank you to all the panelists:Serge Schick - https://www.linkedin.com/in/serge-schick-447019104/  Lieven Vermaele - https://www.linkedin.com/in/lievenvermaele/Christophe Chantraine - https://www.linkedin.com/in/christophechantraine/Bastiaan Toering - https://www.linkedin.com/in/bastiaan-toering/  Interested in sponsorship? https://forms.gle/2LCWfX2HBNT8mtpx8 Connect with us on Linkedin: Evan Shapiro - https://www.linkedin.com/in/eshap-media-cartographer/ Marion Ranchet - https://www.linkedin.com/in/marionranchet/ The Media Odyssey Podcast - https://www.linkedin.com/company/the-media-odyssey-podcast

Streaming platforms are spending anywhere from 9% to 30% of revenue just to run their tech stack and a new study finally puts real numbers behind the guesswork.  Don’t miss this special episode recorded on stage at Streaming Made Easy Live with Jonas Engwall (CEO of Bedrock Streaming), Bjarne Andreas Myklebust (NRK, Norway's public broadcaster), and Rowan de Pomerai (CEO of the DPP). They unpack the new Streaming Platform Ratio study benchmarking 16 European platforms against Netflix, why public broadcasters are outperforming commercial ones on tech efficiency, and the coming wave of premium vertical video. Key Takeaways: 1. The Streaming Platform Ratio BenchmarkBedrock and the DPP surveyed 16 mostly-European streaming platforms to measure tech spend as a percentage of streaming revenue, anonymizing all results. They used Netflix as the public baseline and its publicly disclosed tech and development spend comes out to roughly 10% of revenue, a figure that's held steady for the past five to six years. 2. Scale Is the Biggest Cost DriverPlatforms with revenue above roughly $100 million showed nearly half the proportional tech cost of smaller platforms. Public broadcasters performed slightly better than commercial players overall because larger organizations benefit from fixed costs spread across more revenue. 3. Legacy Broadcasters Are Still Paying Two BillsNRK reports that traditional DTT distribution still consumes about 90% of its budget, while OTT already accounts for 20-25% of consumption. Public broadcasters that started streaming early (echoing BBC's iPlayer) built in competitive advantages like NRK running three CDNs with annual price competition to control distribution costs. 4. Buy, Don't BuildPanelists agreed that most platforms are shifting from CapEx to OpEx, buying software and licensing CDN capacity rather than building in-house infrastructure, since content is where broadcasters create value. The DPP noted that no broadcaster builds its own transmission towers or satellites either, so the same logic should extend to streaming infrastructure. 5. Premium Vertical Video Is the Next WaveBedrock has rolled out vertical video feeds across three of its four platforms, converting short-form teasers into long-form viewership and subscriptions. NRK is launching a vertical original microdrama series, "21 Days," aimed at younger audiences. European broadcasters are leading here by leaning into vertical.  Thank you to Jonas Engwall, Rowan de Pomerai, and Bjarne Andreas Myklebust for coming on the pod! Bedrock Streaming: https://fr.linkedin.com/company/bedrock-streaming?trk=public_profile_topcard-current-company  Jonas Engwall: https://fr.linkedin.com/in/jonas-engwall  Rowan de Pomerai: https://www.linkedin.com/in/rdepom/  Bjarne Andreas Myklebust: https://no.linkedin.com/in/bmyklebust  Interested in sponsorship? https://forms.gle/2LCWfX2HBNT8mtpx8   Connect with us on Linkedin: Evan Shapiro - https://www.linkedin.com/in/eshap-media-cartographer/   Marion Ranchet - https://www.linkedin.com/in/marionranchet/   The Media Odyssey Podcast - https://www.linkedin.com/company/the-media-odyssey-podcast     00:00 Live Show Kickoff 01:08 Why Measure Platform Spend 03:21 Streaming Platform Ratio Explained 05:01 Netflix as Baseline Benchmark 06:31 Public Broadcasters and OTT Transition 08:55 Scale Drives Lower Costs 10:12 What the Results Mean 13:20 Europe vs US and Chasing Scale 16:27 Next Steps and Benchmarking Goals 18:47 Build vs Buy and CapEx to OpEx 21:09 Vertical Video and Microdramas 25:10 Premium Vertical Wave in Europe 27:51 Wrap Up and Thanks (00:00) - Live Show Kickoff (01:08) - Why Measure Platform Spend (03:21) - Streaming Platform Ratio Explained (05:01) - Netflix as Baseline Benchmark (06:31) - Public Broadcasters and OTT Transition (08:55) - Scale Drives Lower Costs (10:12) - What the Results Mean (13:20) - Europe vs US and Chasing Scale (16:27) - Next Steps and Benchmarking Goals (18:47) - Build vs Buy and CapEx to OpEx (21:09) - Vertical Video and Microdramas (25:10) - Premium Vertical Wave in Europe (27:51) - Wrap Up and Thanks

The 2026 World Cup shattered streaming records worldwide, Paramount and Warner Bros are locked in a multi-billion-dollar antitrust standoff, and Meta just settled a landmark child-safety case for $18 billion. The Media Odyssey podcast is back and we know what you did last summer.  This episode marks the Season 3 premiere with hosts Evan Shapiro and Marion Ranchet catching up after their summer break. They cover all the biggest news of the last month including the World Cup's record-breaking viewership clip culture, ESPN’s faulty sports rights math, and Disney’s stale IP. They also discuss how the Paramount-Warner Bros merger battle with 12 state attorneys general suing to block it and Meta's $18 billion child-safety settlement with state AGs.  Key Takeaways 1. The World Cup's Record-Breaking, Clip-Driven Reach CazéTV in Brazil broke the world concurrent-streaming record five times, peaking at 24 million concurrent streams, while Globo drew 70 million live TV viewers. In the US, TikTok clip culture (24 billion hours watched) dwarfed YouTube's full-match viewership (2.4 billion hours), signaling that conversation and clips now outpace matches themselves. 2. Paramount-Warner Bros Heads Toward Trial Twelve state attorneys general are suing to block the merger under the Clayton Act, citing monopoly concerns in cable and film. Paramount owes a $7 million-per-day ticking fee starting October 1st and a $7 billion breakup fee if the deal collapses — and Larry Ellison's $40 billion personal backing puts the whole deal at risk. 3. Meta's $18 Billion Child-Safety Settlement Meta admitted to feeding harmful, addictive content to minors and agreed to structural changes: capped scrolling time, blocked notifications during school hours, and no app access for minors overnight. The hosts debate whether the settlement (the largest child-safety settlement in history) meaningfully changes behavior or just avoids public disclosure of internal wrongdoing. 4. Disney's Aggregation Era Under new CEO Damaro, Disney has struck a wave of deals including a TikTok content-curation partnership, 15+ European broadcaster deals, and sports rights tie-ups. The bigger challenge remains stale IP (Moana, Toy Story 5, Mandalorian and Grogu underperforming) and whether ESPN's sports-rights spending pencils out as a subscription product. 5. The Vertical Video Market Is Smaller Than Reported A widely cited $150 billion "vertical market" figure is misleading — $131 billion of it is just social-media ad revenue (Reels, TikTok, Shorts), leaving roughly $19 billion for actual vertical drama apps, none of which are public companies. Meanwhile, subscription fatigue is real: 2025 saw only 11% net subscriber retention industry-wide, down from 33% four years ago, pushing streamers toward ad-supported tiers. Interested in sponsorship? https://forms.gle/2LCWfX2HBNT8mtpx8   Connect with us on Linkedin: Evan Shapiro - https://www.linkedin.com/in/eshap-media-cartographer/   Marion Ranchet - https://www.linkedin.com/in/marionranchet/   The Media Odyssey Podcast - https://www.linkedin.com/company/the-media-odyssey-podcast     (00:00) - Season Three Kickoff (00:34) - World Cup Fever Returns (05:14) - Creators and Clip Culture (08:03) - Halftime Show Backlash (09:32) - Ads and Water Breaks Debate (11:21) - FIFA Politics and Corruption (12:10) - Paramount Viacom Merger Explained (21:42) - Meta Teen Harm Settlement (26:56) - Meta Settlement Fallout (28:55) - Screens and Kids Rules (30:43) - Disney+ Comeback (32:31) - ESPN Sports Rights Math (35:26) - Disney IP Staleness (37:59) - Super Apps Go Vertical (39:14) - Vertical Video Reality Check (42:42) - Streaming Profitability Crunch (46:31) - Churnpocalypse Everywhere (48:11) - IBC and Farewell

Happy Summer Break from The Media Odyssey podcast!  What if the future of entertainment fits in your pocket and a six-year-old startup from Ukraine is already building it? Welcome to the Media Odyssey Podcast, recorded live at StreamTV Europe, featuring Bogdan Nesvit, founder of HOLYWATER TECH and the microdrama platform My Drama. What started six years ago as an interactive fiction app has quietly evolved into one of the most data-sophisticated entertainment companies operating today. One that is now partnering with Fox Entertainment and eyeing a full theatrical release. If you've ever wondered how a media startup goes from zero to 7 million monthly active users without a single piece of traditional distribution, Bogdan doesn't just tell you what HOLYWATER TECH built, he gives raw data and operational transparency you almost never get from a founder. Beyond content strategy, Bogdan pulls back the curtain on the business model to detail the full transition from microtransactions to subscription, how the platform runs over 1,000 A/B tests per year, and why he believes proprietary user data (not product or AI) will be the defining competitive advantage of the AI era. He also touches on the Fox partnership, the road to ad monetization, and his personal philosophy around meditation, focus, and leadership. Key Takeaways: 1. Scale is Accelerating Fast My Drama currently has close to 300 titles on the platform, targeting 500 by the end of 2026 and 1,000 by the end of 2027. Each title contains around 90 one-minute episodes, effectively repackaging a full 90–120 minute film into bite-sized vertical content. 2. The Subscription Model Dominates The platform fully shifted away from microtransactions with more than 90% of customers subscribing. Subscription users retain at 2x the rate of in-app purchase users and consume 3x more content. Users on an ad-supported tier consume an average of 1.5 hours of content per day, a striking engagement metric. 3. AI Slashes Production Costs and Timelines  Live-action microdrama costs $120K–$250K per title and takes roughly four months to produce. Netflix takes 100 weeks. AI-generated content on the MyMuse platform costs only a few thousand dollars and can be produced and tested in two weeks. Scripts, however, remain 100% human-written. 4. Paid and Organic Impressions Are Needed Together My Drama generates two billion monthly impressions across Facebook, Instagram, and YouTube using a cliffhanger-driven content preview strategy for a 70/30 paid-to-organic acquisition split. At any given month, the team runs 30,000 unique video ad creatives across Facebook, Snapchat, and TikTok. Despite heavy paid spend, the company is currently profitable and growing more than 2x year-over-year. 5. It’s a Growing Market The global microdrama market is $11–12B today, projected to reach $25B by 2030. China dominates the current market (the format originated there around 6 years ago). Outside China, the market is much smaller today but is projected to hit ~$10B, mostly driven by the US, by 2030. Holywater is betting that expanding beyond the current five core content tropes into genres like thriller, fantasy, and detective stories is essential to moving microdrama from niche to mainstream. Thank you to Bogdan Nesvit for joining the pod! Bogdan Nesvit  - https://www.linkedin.com/in/bogdannesvit/  HOLYWATER TECH - https://www.linkedin.com/company/holywatertech/  Interested in sponsorship? https://forms.gle/2LCWfX2HBNT8mtpx8 Connect with us on Linkedin: Evan Shapiro - https://www.linkedin.com/in/eshap-media-cartographer/ Marion Ranchet - https://www.linkedin.com/in/marionranchet/ The Media Odyssey Podcast - https://www.linkedin.com/company/the-media-odyssey-podcast (00:00) - Live Podcast Kickoff (00:47) - Meet the Micro Drama Guest (01:47) - HOLYWATER TECH Origin Story (02:43) - From Books to Vertical Video (04:04) - My Drama Scale and Audience (05:19) - Micro Episodes and Library Growth (06:23) - Monetization Evolution (08:56) - Subscription Data and Retention (10:10) - Customer Acquisition Playbook (13:24) - Organic Social Cliffhangers (15:26) - Data Moat and AB Testing (16:31) - Market Size and New Genres (18:58) - AI Production and Costs (26:45) - Fox Partnership and Mindfulness Finale

Happy Summer Break from The Media Odyssey podcast!  Jimmy Kimmel is at the center of the conversation where politics, free speech, and billion-dollar mergers collide. In this episode of the Media Odyssey Podcast, hosts Evan Shapiro and Marion Ranchet unpack the dramatic suspension and reinstatement of Jimmy Kimmel—a flashpoint that highlights the collision of politics, regulation, and the crumbling power of broadcast TV. Shapiro explains the FCC’s limited authority, why Chair Brendan Carr’s threats crossed constitutional lines, and how Disney’s rapid cave-in to political pressure triggered a fierce backlash. The discussion broadens to late-night’s decline, the chilling precedent for free speech in U.S. broadcasting, and the looming wave of media consolidation involving Paramount, Warner Bros Discovery, and possibly Netflix. Marion draws contrasts with Europe’s regulatory environment, where broadcasters face different pressures but free expression is protected in opposite ways. Key Takeaways: The Kimmel Affair and FCC OverreachKimmel was suspended after discussing how MAGA has used activist Charlie Kirk’s killing for political gain, despite committing no FCC violation. Shapiro details how FCC Chair Brendan Carr, who is aligned with Project 2025 and pending affiliate mergers, used threats to coerce Disney and affiliates into action. The result: a blatant clash between politics and the First Amendment, costing Disney billions in market value before Kimmel’s reinstatement. Broadcast’s Dying GripThe controversy underscored how fragile broadcast TV has become. Kimmel’s late-night audience is under 2 million, dwarfed by his YouTube reach—and by Joe Rogan’s podcast empire. Shapiro argues that Kimmel and others should abandon dying formats and embrace direct-to-consumer platforms where free speech and financial upside are greater. Marion warns that it is not an easy, overnight transition.  Media Oligarchs and ConsolidationThe hosts connect Kimmel’s ordeal to broader maneuvers by billionaires like Larry and David Ellison, whose influence over FCC approvals and mergers (Paramount-Skydance, Warner Bros Discovery) shows how free speech is increasingly transactional. Late-night hosts like Colbert and Oliver may be next in line as consolidation reshapes who controls the cultural narrative. Europe’s Contrasting PathMarion highlights how European regulators tackle misconduct differently—punishing hosts who spread disinformation or incite harm, rather than silencing dissent. The comparison underscores a widening gap: in the U.S., politics is shrinking the space for speech on broadcast, while in Europe, regulation is trying to protect it. Interested in sponsorship? https://forms.gle/2LCWfX2HBNT8mtpx8 Connect with us on Linkedin: Evan Shapiro - https://www.linkedin.com/in/eshap-media-cartographer/ Marion Ranchet - https://www.linkedin.com/in/marionranchet/ The Media Odyssey Podcast - https://www.linkedin.com/company/the-media-odyssey-podcast

Happy Summer Break from The Media Odyssey podcast!  244 million followers and a six-month content calendar: Jordan Schwarzenberger explains why showing up daily is the only strategy that matters. Welcome to The Media Odyssey Podcast. In this episode, Evan Shapiro and Marion Ranchet break down the Nielsen/MRC measurement crisis that rocked the US advertising industry, then sit down with Jordan Schwarzenberger, CEO and co-founder of Arcade Media and manager of the Sidemen. The conversation reveals how the entire US advertising market transacted on flawed data for a year, while simultaneously showing how creator-led media companies are building sustainable businesses by thinking like traditional media. Rather than defending old systems, Jordan makes the case for why daily content and ritualistic consistency combined with treating YouTube channels as distinct brands is the only path forward. The episode is a reality check on how broken measurement has become in traditional media, while creator-led companies are professionalizing their operations, building real media plans, and capturing budgets that were previously reserved for legacy broadcasters. Key Takeaways:1. Nielsen and MRC Hid Flawed Measurement Data for Nearly a Year The Media Rating Council discovered problems in Nielsen's methodology almost a year ago but said nothing to the industry. The entire US advertising industry transacted in the Upfront on data they knew was not properly vetted. Sean Cunningham from VAB stated this cost the industry hundreds of millions of dollars. 2. BBC Hired Matt Brittin, Ex-President of Google Europe The BBC hired Matt Brittin, former president of Google in Europe, as their new CEO. This represents a shift toward hiring digital natives to lead public service media organizations. Brittin previously worked in traditional broadcasting before a successful career at Google, making him someone who understands both the BBC culture and big tech.  3. The Sidemen Have 244M Followers and a 55-Person Team The Sidemen have 244 million followers across all platforms and employ 55 people in their entertainment team. They plan content six months in advance, which allows them to sell to brand planners who set budgets quarters ahead. Their goal is to be bought like LabBible and Vice were—on media plans with CPMs and economies of scale. Most creators can't access major advertiser budgets because they lack the planning, consistency, and inventory that media planners require. 4. Daily Content and Ritualistic Consistency Are Essential for Success Weekly podcasts are no longer enough. Audiences now expect daily content to build ritualistic habits. The Daily Wire built 900,000 paid subscribers at their peak by showing up every day with 20-40 minute shows since 2013-2014. Streamers on Twitch and Kick are "winning the most out of anyone." Getting into people's daily habits is the key to building connection in a decentralized, saturated world. 5. YouTube Is Underserved and Users Run Out of Quality ContentYouTube production is hard, time-intensive, and resource-heavy compared to podcasts, so creators default to lower-effort formats. There's a massive lack of consistent, regular, high-quality programming that becomes part of users' daily rituals. 6. Netflix and YouTube Combined Create the Strongest Media StrategyJordan states that the combination of Netflix and YouTube together represents the best media strategy. Netflix provides the premium, appointment-viewing content while YouTube delivers daily touchpoints and ritualistic engagement.  7. Individual YouTube Channels Should Be Content-Specific Channel 4's 4.0 made the mistake of aggregating all content on one channel instead of spinning out individual format channels. YouTube wants to find specific audiences over time, so when a viewer watches one video and doesn't watch the next 10 on an aggregated channel, it signals disinterest to YouTube and hurts the entire channel's performance. Thank you to Jordan Schwarzenberger for joining the pod! Jordan Schwarzenberger - https://www.linkedin.com/in/jordanschwarzenberger/  Arcade - https://www.linkedin.com/company/wearearcade/  Interested in sponsorship? https://forms.gle/2LCWfX2HBNT8mtpx8 Connect with us on Linkedin: Evan Shapiro - https://www.linkedin.com/in/eshap-media-cartographer/ Marion Ranchet - https://www.linkedin.com/in/marionranchet/ The Media Odyssey Podcast - https://www.linkedin.com/company/the-media-odyssey-podcast (00:00) - Dropping Out for Vice (00:33) - Podcast Intro and Headlines (00:57) - Nielsen MRC Measurement Scandal (02:41) - Dash Panel Shakes the Gauge (07:33) - Why Panels Fail Today (09:25) - UK Media Leadership Shift (10:09) - BBC Picks Ex Google Boss (13:59) - Meet Jordan Schwarzenberger (15:57) - From Vice to LadBible Rise (26:18) - Building Sidemen Into a Company (32:17) - YouTube Audience Ceiling (32:44) - Netflix Editorial Boost (34:04) - Sidemen Netflix Blueprint (34:41) - Funding Risk and New IP (36:39) - Who Really Gets the Lift (38:01) - Monoculture Is Dead (43:04) - Creator Access Explained (46:33) - Selling YouTube Like TV (52:33) - Broadcasters YouTube Mistakes (57:27) - Rituals Daily Content Wins

Happy Summer Break from The Media Odyssey podcast!  CES isn’t about gadgets anymore, but who controls the interface between audiences, data, and distribution. Welcome back to The Media Odyssey Podcast! From CES, Evan Shapiro and Alan Wolk, Co-Founder and Lead Analyst of TVREV, unpack what this year’s show revealed about the future of media, entertainment, and technology while expanding on their predictions for 2026.  Beyond the hype of AI demos and hardware announcements, the conversation centers on power shifts: who owns how we get information, who controls discovery, and which companies are quietly positioning themselves as the new gatekeepers. Rather than signaling a breakout moment, CES reinforces a familiar reality.  Platforms are consolidating influence, AI is moving into the background, and media companies face shrinking control over how audiences find and engage with content. Key Takeaways: 1. Media Is Entering a Prolonged Era of “Feudal Fragmentation” Alan predicts that the monoculture is gone for the foreseeable future, replaced by thousands of disconnected content bubbles with their own truths, celebrities, and norms. This fragmentation isn’t new, but it will deepen through the rest of the decade, making shared cultural moments increasingly rare. 2. There Is No Longer a Single Source of Truth and That Has Consequences The loss of mass media gatekeepers means audiences now operate from entirely different realities. News can be fully ignored, expertise is routinely dismissed, and misinformation thrives because there is no longer a common reference point for facts. 3. The End of Expertise Is Both Dangerous and Liberating Traditional experts and institutional authority are losing power, but this also enables creators and outsiders to build massive media businesses without permission. The upside is democratization, the downside is the erosion of trust in skill, craft, and knowledge. 4. Power in Media Is Decentralizing Away from Hollywood Alan predicts that media power will continue to disperse geographically and structurally. New creator-led studios are emerging in Texas, Brazil, Nigeria, and beyond, attracting talent away from traditional Hollywood centers as production costs fall. 5. Niche Audiences Will Become the Foundation of Sustainable Media Businesses The era of building new mega-brands is over. Instead, companies and creators will build profitable businesses around passionate, well-defined niche communities. Even if those audiences are invisible to the mainstream. 6. Discovery and Serendipity Are Breaking Down Algorithmic feeds increasingly show audiences more of what they already like, making it harder for genuinely new ideas to surface. Alan predicts fewer breakout cultural movements and more recycling of familiar formats, sounds, and franchises. 7. Sports Remains the Last True Monoculture Live sports still cut across bubbles and deliver shared, simultaneous experiences. Alan predicts sports will retain outsized importance for advertisers and platforms, even as niche sports slowly grow and fragment over time. Thank you, Alan Wolk for joining the pod! https://www.linkedin.com/in/alanwolk/  Interested in sponsorship? https://forms.gle/2LCWfX2HBNT8mtpx8 Connect with us on Linkedin: Evan Shapiro - https://www.linkedin.com/in/eshap-media-cartographer/ Marion Ranchet - https://www.linkedin.com/in/marionranchet/ The Media Odyssey Podcast - https://www.linkedin.com/company/the-media-odyssey-podcast (00:00) - Introduction and Guest Introduction (00:45) - First Impressions of CES (01:38) - Predictions for the Media Industry (02:19) - Descent into Feudal Media (02:50) - The Concept of Monoculture (06:43) - Fragmentation of Media and Advertising Challenges (19:57) - Rise of Decentralized Media Power (22:13) - The Downside of Algorithmic Recommendations (23:32) - The Loss of Serendipity in Media Discovery (24:24) - Challenges in Finding Quality Content (25:31) - The Role of Curators in Media Discovery (29:21) - The Rise of Niche Audiences (32:05) - The Continued Importance of Sports (37:14) - The Future of Media and AI's Role (39:24) - Advice for Navigating the Changing Media Landscape

Happy Summer Break from The Media Odyssey podcast!  The media industry isn’t heading for a clean recovery but bracing for another year of pressure, recalibration, and structural change. Welcome back to The Media Odyssey Podcast with a special thanks to Spectrum Reach! In this first part of their 2026 predictions, Evan Shapiro and Marion Ranchet lay out what the coming year will likely bring for media, technology, and entertainment. They cover ongoing layoffs, fragile ad markets, the rise of global distribution strategies, and a new phase of AI-driven discovery. 2026 will test which companies have truly adapted and which are still relying on outdated assumptions. 2026 is not a breakout year, but a proving ground, where survival depends on cost discipline, platform fluency, and the ability to monetize audiences directly rather than through legacy intermediaries. Key Takeaways: 1. 2026 Will Be Another Brutal Year for Media Economics Evan predicts that advertising markets will remain soft, public service media will continue to face funding pressure, and layoffs will persist across the industry. There will be no broad recovery, only isolated winners and many organizations forced to do more with less. 2. Discovery Will Matter More Than Content Volume Marion predicts that success in 2026 will be defined by distribution and discoverability, not by how much content companies produce. Media organizations that don’t adapt to YouTube, FAST, social, and AI-driven discovery will struggle to reach audiences at all. 3. The AI Bubble Will Pop Both predict that generative AI and large language models will reshape discovery, navigation, and search long before they meaningfully change creative workflows. The biggest short-term impact of AI will be invisible but existential for traffic-driven media, but the hype and direct-to-consumer models are unsustainable.  4. GEO Will Undermine Traditional SEO-Based Media Models Evan predicts that Generative Engine Optimization will replace classic SEO as search engines move from links to answers. Media companies built on referral traffic will see declining reach unless they rethink how their content surfaces in AI-driven environments. 5. FAST Will Become More Crowded and Less Forgiving Marion predicts continued FAST channel proliferation without equivalent ad growth. The result: more fragmentation, lower yields, and fewer viable players with success limited to brands with strong IP, live content, or true differentiation. 6. Media Companies Will Be Forced to Think Globally by Default Growth will increasingly come from international audiences, not domestic ones. Both predict that companies without global distribution strategies will hit growth ceilings faster in 2026. 7. Experimentation Will Be a Core Survival Requirement The final prediction is cultural: organizations that don’t test formats, platforms, and monetization aggressively will fall behind. In 2026, waiting for clarity will be a losing strategy. Thank you to Spectrum Reach! https://www.linkedin.com/company/spectrum-reach/  Interested in sponsorship? https://forms.gle/2LCWfX2HBNT8mtpx8 Connect with us on Linkedin: Evan Shapiro - https://www.linkedin.com/in/eshap-media-cartographer/ Marion Ranchet - https://www.linkedin.com/in/marionranchet/ The Media Odyssey Podcast - https://www.linkedin.com/company/the-media-odyssey-podcast (00:00) - Introduction and Hosts (00:57) - First Prediction: AI Bubble Burst (04:03) - Debate on AI's Future (10:01) - Second Prediction: Micro Drama Bubble (14:22) - Third Prediction: Outcome-Based Advertising (17:01) - Fourth Prediction: Midterm Election Advertising (19:19) - Fifth Prediction: Social Media Politicians (21:51) - Sixth Prediction: New Generation of Media CEOs (25:56) - Seventh Prediction: Media Mergers and Acquisitions (27:06) - The Largest Leverage Buyout in Corporate History (27:21) - The Role of Saudis in American Media (27:38) - Mergers and Acquisitions in Advertising (29:00) - Cultural Clashes in Mergers (29:56) - Netflix's Strategic Moves (31:23) - The Future of European Media (31:57) - Predictions for Media Mergers (34:30) - The Rise of YouTube and Social Media (39:09) - The Impact of AI on Media (43:18) - The Extinction of Ad-Free Viewing (49:55) - Final Thoughts and Predictions

Happy Summer Break from The Media Odyssey podcast!  Public service media isn’t outdated, instead, it’s fighting for relevance, trust, and survival in a fractured global information ecosystem. Welcome back to The Media Odyssey Podcast. In this episode, Evan Shapiro and Marion Ranchet sit down with Raney Aronson-Rath, Executive Producer of Frontline and Editor-in-Chief of Documentaries at GBH, for a conversation on the future of public media. From political pressure and funding cuts to platform expansion and audience trust, the discussion explores why public broadcasters must be everywhere audiences are without sacrificing journalistic integrity. Through Frontline’s transformation into a broadcast-plus-streaming powerhouse, the episode examines how YouTube, social video, theatrical releases, and global distribution have become essential tools for sustaining factual storytelling in an era of misinformation and declining institutional trust. Key Takeaways:  1. Public Media’s Survival Depends on Platform Expansion, Not RetrenchmentPublic broadcasters can no longer rely solely on linear TV. To stay relevant and trusted, they must meet audiences on YouTube, social platforms, streaming, and in theaters. They need to be wherever public conversation is happening. 2. YouTube Is Additive, Not Cannibalistic for Public Service MediaFrontline’s experience shows that YouTube doesn’t replace broadcast audiences. In fact, YouTube extends reach over time, attracts younger viewers, and builds long-tail viewership that linear TV alone cannot sustain. 3. Streaming Requires a Long-Term Mindset ShiftUnlike broadcast’s appointment viewing, streaming rewards longevity. Frontline films often grow for years, accumulating millions of views with high watch time, forcing teams to think beyond premiere-night metrics. 4. Community and Trust Are the Core Competitive AdvantagesPublic media’s strength isn’t scale but credibility. Building engaged, thoughtful communities around factual content is essential in a media ecosystem flooded with misinformation. 5. Short-Form Is Editorial, Not Promotional To reach younger audiences, Frontline treats social video and shorts as a serious journalistic format with its own language instead of marketing cutdowns of long-form work. 6. Global Distribution Is Both a Mission and a StrategyWith one-third of Frontline’s audience outside the U.S., platforms like YouTube enable public media to reach global audiences including countries where traditional broadcasters refuse to air critical journalism, but where audiences need to see it most. 7. Public Media Must Be Everywhere Both In Person and OnlineFrom YouTube to theaters to festivals, Frontline Features reflects a belief that storytelling is more powerful when audiences can experience it both collectively and individually. 8. The Cost of Absence Is Being Replaced by Worse InformationIf trusted public media doesn’t fill digital spaces, misinformation will. The choice isn’t whether to engage platforms like YouTube, it’s whether to leave them to actors with lower standards. Interested in sponsorship? https://forms.gle/2LCWfX2HBNT8mtpx8 Connect with us on Linkedin: Evan Shapiro - https://www.linkedin.com/in/eshap-media-cartographer/ Marion Ranchet - https://www.linkedin.com/in/marionranchet/ The Media Odyssey Podcast - https://www.linkedin.com/company/the-media-odyssey-podcast Thank you, Raney Aronson-Rath for joining the pod! Raney Aronson-Rath: https://www.linkedin.com/in/raney-aronson-0343aa8/ Frontline: https://www.linkedin.com/company/frontline-pbs/ Headshot credit: Michael Buckner/Deadline (00:00) - Introduction to the Media Odyssey Podcast (00:09) - Public Media Under Pressure (00:55) - BBC Controversy and Public Trust (02:58) - Challenges Faced by Public Broadcasters (04:02) - Public Media Funding Issues (04:47) - The Role of Public Media in Democracy (05:59) - Public Broadcasting in the US (07:25) - Embracing Digital Platforms (09:13) - Introducing Raney Aronson from Frontline (11:16) - Frontline's Digital Transformation (15:43) - Impact of YouTube on Frontline's Reach (23:56) - Simultaneous Broadcast and Streaming Strategy (26:22) - The Evolution of PBS Viewership (27:10) - Leadership and Digital Expansion (28:08) - Global Reach and YouTube Strategy (29:05) - Commitment to Journalistic Standards (31:14) - Frontline Features and Theatrical Impact (34:18) - Challenges in Documentary Distribution (39:42) - International Co-Productions and Self-Distribution (43:44) - The Importance of Public Media

Two-thirds of the world watches more video on their phone than on TV, TikTok is beating Netflix in most markets under 55, and traditional media is ignoring 60% of its own audience's attention. It’s The Media Odyssey’s season two finale! Evan and Marion zoom out on the biggest trends of the year so far they haven’t covered yet: the AI investment bubble, the creator economy's growing pains, the state of kids' content, and the measurement crisis at the heart of the streaming and social media landscape. It's one of their most data-rich, openly argumentative episodes of the season. Part 2 goes deep on Evan's brand-new ESHAP Cross-Screen Attention Index, the first attempt to measure total video attention across screens in eight global markets, and what it reveals about where audiences are actually spending their time in 2025. Key Takeaways: 1. The ESHAP Cross-Screen Attention IndexLaunched at index.eshap.tv, this is the first publicly available tool to measure total video attention across screens in eight global markets (US, UK, Germany, France, Italy, Spain, Brazil, Mexico), cross-collateralizing TV measurement data (Nielsen, Barb, AGF, Kantar), handset data (Sensor Tower, Comscore), and consumer diaries (GWI) to de-duplicate simultaneous screen usage.  Key finding: 81% of the global population is under 55 and for that group, the phone, not the TV, is the center of gravity for video consumption. 2. TikTok Is Bigger Than You ThinkIn almost every market studied, TikTok ranks #2 in total attention among consumers under 55. This means TikTok beats Netflix, Disney, Paramount, NBCU, and Warner Bros. Discovery. In several markets, it beats YouTube among viewers under 34. When TikTok gains share in a market, it takes it from streamers. When YouTube gains share, it takes it from traditional media. These two dynamics are running simultaneously and are why every major streaming platform is now rushing to launch a vertical feed. 3. The Phone, the TV, and the Whole ConsumerEvan and Marion's core debate: Evan argues traditional media is failing because it's treating TV and phone as separate businesses rather than a single consumer continuum. The evidence: Obsession and Backrooms were both discovered on social media and are both crushing it at the box office. Saturday Night Live's audience is now on YouTube the next day. France Télévisions opened its entire annual conference by declaring the murder of traditional television.  But Marion pushes back, pointing to Channel 4, France Télévisions, and TF1 as examples of European broadcasters already making the move. She argues the platforms, not the broadcasters, are the ones failing to support the transition commercially. Interested in sponsorship? https://forms.gle/2LCWfX2HBNT8mtpx8   Connect with us on Linkedin: Evan Shapiro - https://www.linkedin.com/in/eshap-media-cartographer/   Marion Ranchet - https://www.linkedin.com/in/marionranchet/   The Media Odyssey Podcast - https://www.linkedin.com/company/the-media-odyssey-podcast     (00:00) - Season Finale Setup (00:44) - Why Measurement Breaks (01:34) - Launching The Index (02:06) - Deduplicating Multiscreen Time (04:32) - Under 55 Shifts Everything (06:17) - Interactive Share Scenarios (07:18) - Living Room Vs Real Life (10:20) - Quality Of Attention Debate (12:05) - Social Drives Culture (13:26) - Continuum Not A Binary (17:36) - Legacy Media On Platforms (20:13) - Monetizing Social Video (23:36) - Platform Frustrations (25:58) - Check The Methodology (26:22) - Built With LLMs (27:02) - Season Wrap And Goodbye

AI infrastructure is now two-thirds of US GDP with 90% of companies investing in it reporting almost no ROI, and the media industry is frozen in place waiting for a merger that may never close. Happy H1. This is the Season 2 finale of the Media Odyssey Podcast (split across two parts) with a deep dive into H1 2026. Evan and Marion zoom out on the biggest trends of the year so far they haven’t covered yet: the AI investment bubble, the creator economy's growing pains, the state of kids' content, and the measurement crisis at the heart of the streaming and social media landscape. It's one of their most data-rich, openly argumentative episodes of the season. Part 1 covers the macro forces reshaping media and the creator economy.  Key Takeaways: 1. The AI Bubble AI infrastructure investment in the US has reached two-thirds of GDP, driven almost entirely by demand from two unprofitable companies: OpenAI (which lost $38 billion last year) and Anthropic. SpaceX's post-IPO valuation dropped 34%, and a subsequent $25 billion bond offering collapsed shortly after launch. 90% of companies that have made significant AI investments report negligible productivity gains, with costs far outweighing benefits. A correction is coming in the next six months, and it will ripple through the entire media industry. 2. Creators vs. Brands: A Broken Partnership Creators were the dominant conversation at Cannes Lions. Unilever even committed to having a creator in every zip code. But the economics remain broken: brands consistently undervalue and underpay creators, creator posts are declining in efficacy, and agencies are buying creator platforms (Whalar, Influential) without truly understanding how to use them.  The emerging model to watch: brands acting like creators like the Kit Kat Heist and companies hiring creators in-house rather than as contractors. 3. Kids' Content: Despair With Green Shoots Streamer commissions for kids' content are down significantly from their peak, YouTube has gutted the economics of kids' content monetization due to regulatory fears, and public broadcasters now fund over 50% of kids' content worldwide. But bright spots are emerging: ToonStar just signed with Fox; Disney partnered with Lumi/Animage on a new JV; and Super Awesome has been handed advertising rights for the under-13 segment on Roblox. BBC Studios' Bluey model (owned IP, fandom-first, multi-platform) remains the clearest template. Interested in sponsorship? https://forms.gle/2LCWfX2HBNT8mtpx8   Connect with us on Linkedin: Evan Shapiro - https://www.linkedin.com/in/eshap-media-cartographer/   Marion Ranchet - https://www.linkedin.com/in/marionranchet/   The Media Odyssey Podcast - https://www.linkedin.com/company/the-media-odyssey-podcast     (00:00) - Welcome and H1 Trends Setup (02:21) - AI Bubble Warning (05:48) - Media Deals Fallout (09:13) - Europe and AI Power (13:12) - GenAI SEO Shift (15:42) - Attribution and Hiring (18:19) - IBC Live Show Plug (20:31) - Creators Take Over (26:11) - Kids Media Crossroads (28:18) - Streamers vs YouTube (32:21) - Wrap and Part Two

We’re back with another Media Odyssey LIVE! In this episode, Evan and Marion are joined by former media executives Tony Goncalves and Ami Angelowicz to discuss how to pivot your career after corporate media. The panel shares their personal stories of navigating layoffs, “misalignment burnout”, and finding satisfying careers completely in their own control. The conversation dives into building personal intellectual property, actionable daily habits for transition, and why taking a leap of faith on yourself is the best investment you can make. Key Takeaways: 1. Misalignment BurnoutAmi Angelowicz breaks down "misalignment burnout"—the disconnect between your daily professional activities and your innermost values. She shares how moving into upper  management often pulls creatives away from making things, leading to deep dissatisfaction, and why her layoff ultimately served as a turning point to start running her own agenda. 2. Optimizing for Freedom Tony Goncalves discusses his departure from Warner Brothers Discovery and the crucial realization that he needed to separate his personal identity from his corporate title. He emphasizes the importance of explicitly defining what you are optimizing for in your next move: title, money, or freedom. 3. The Creator Pivot & Personal IP Evan highlights the trap of subverting your personal brand for a corporate one. He advises professionals to start building their personal brand before they actually need it by "shipping value to the universe for free," which eventually attracts organic opportunities. 4. Treating Yourself Like a Startup Marion shares her strategy for launching her consulting business by viewing herself as a startup. By identifying a specific industry problem—US companies trying to launch in Europe—and creating specific content pillars around it, she positioned herself as the solution and bypassed traditional business development. 5. Daily Habits for Growth The panel shares actionable strategies for staying sharp during a career transition. Recommendations include waking up curious to research daily, becoming a voracious consumer of new platforms to understand algorithms, and leveraging introspection to maintain momentum and avoid isolation. Chapters 00:00 Introduction and Welcome to Media Odyssey Live 01:13 Marion and Evan’s Journeys Out of Corporate Media 03:51 Ami on Misalignment Burnout and Launching Laid Off Life 10:05 Tony on Surviving Mergers and Defining Personal Purpose 15:43 Rebuilding Your System and Establishing Personal Branding 19:44 Finding Your Authentic Voice and Editorial Filter 23:18 Marion's Strategy for Building an IP-Based Consulting Business 28:38 Daily Habits to Stay Ahead of the Industry Curve 35:32 The Importance of Introspection, Therapy, and Small Goals 45:21 Final Takeaways: Optimize for Freedom and Invest in Yourself Interested in sponsorship? https://forms.gle/2LCWfX2HBNT8mtpx8 Connect with us on Linkedin: Evan Shapiro - https://www.linkedin.com/in/eshap-media-cartographer/ Marion Ranchet - https://www.linkedin.com/in/marionranchet/ The Media Odyssey Podcast - https://www.linkedin.com/company/the-media-odyssey-podcast

Comcast is splitting in three, Fox just bought Roku for $22 billion, and the Paramount-Warner merger still hasn't closed. Welcome to Media Shark Week. This episode of the Media Odyssey Podcast is Evan Shapiro and Marion Ranchet's deep-dive into the wave of media mergers reshaping the streaming and broadcasting landscape in real time. Recorded in early July, it covers four major deals in rapid succession: the Comcast-NBCUniversal split, the Sky acquisition of ITV, the Fox-Roku deal, and the stalled Paramount-Warner Bros. Discovery merger. Without guests (or filters), Marion and Evan are comparing notes, disagreeing openly, and calling their shots on what each deal actually means for the future of streaming media, cord-cutting, digital advertising, and the balance of power between legacy media and big tech. The throughline: vertical integration in media has repeatedly failed not because the theory is wrong, but because the execution never happens. Comcast never integrated NBCUniversal just like AT&T never integrated Warner. The companies that are winning (Fox in particular) are the ones building digital content and advertising flywheels while everyone else is digging holes and filling them back up. Key Takeaways: 1. The Comcast Three-Way SplitComcast is splitting into three companies: a connectivity/broadband entity, a spun-off NBCUniversal/Sky entertainment group, and the already-separated Versant. One read: this is a prelude to selling NBCUniversal, with Netflix and Apple as the most likely buyers. The combined Charter-Cox-Comcast broadband entity would control 70–75 million US homes, effectively controlling how most Americans access all streaming content. 2. The Sky-ITV DealSky acquired ITV's broadcast network for £1.6 billion, leaving ITV Studios as a standalone content producer through 2032 under an existing supply deal. The combined Sky-ITV package could solve Netflix's ad sales weakness in its two biggest markets (US and UK) in one move. ITV Studios could also be a potential acquisition target for Banijay or others hungry for English-language IP, including Love Island, which had its biggest year in Season 12. 3. Fox Buys Roku for $22 BillionRoku (once valued at $50 billion) sold to Fox at roughly a third off peak valuation. Evan calls Lachlan Murdoch the sharpest traditional media CEO in the US: Fox sold assets to Disney at the top of the market, invested in Tubi, Red Sea Ventures, Holywater, and Whaler, and now controls roughly 50% of US TV screens through Roku. Combined, Tubi and The Roku Channel are larger than Disney streaming. Marion's concern: Fox is too US-focused, Roku needed an international partner, and merging a tech culture with a programming culture almost never works cleanly. 4. The Paramount-Warner Merger StallThe Ellisons targeted a July close and it isn’t going to happen. The UK Culture Minister has intervened, and the attorneys general of California, New York, and other states have filed suit to block the merger of CNN and CBS News. The AGs are playing a long game, and there's no realistic path to closing before the US midterms, which was the Ellisons' primary motivation for the deal in the first place. 5. Integration Is the Only Thing That MattersEvery failed deal in this episode (AT&T-Warner, Comcast-NBCUniversal, WBD) failed for the same reason: the companies never actually integrated. Comcast didn't even unify its ad sales departments across NBCUniversal. The Fox-Roku deal has real upside, but only if Fox does the hard work. The pot of gold at the end of the M&A rainbow is real, but only for the companies willing to integrate. Interested in sponsorship? https://forms.gle/2LCWfX2HBNT8mtpx8   Connect with us on Linkedin: Evan Shapiro - https://www.linkedin.com/in/eshap-media-cartographer/   Marion Ranchet - https://www.linkedin.com/in/marionranchet/   The Media Odyssey Podcast - https://www.linkedin.com/company/the-media-odyssey-podcast     (00:00) - Welcome and Shark Week (00:44) - Comcast Splits NBCU (03:19) - Why Integration Failed (05:44) - Who Buys NBCU (07:03) - Charter Comcast Mega Merge (12:02) - Sky Buys ITV (17:27) - ITV Studios Next Moves (20:15) - Fox Buys Roku (23:23) - Roku Risks and Upside (32:47) - Paramount Warner Deal Trouble (36:15) - Wrap Up and Live Show