OG Business: NBCUniversal Splits From Comcast | iHeartMedia’s Layoffs Broke The "Great Content" Fallacy

Comcast is officially spinning out NBCUniversal. Joe Ovies and Demetri Ravanos break down the fallout for sports rights fees and expose the harsh reality behind iHeartMedia's latest layoffs. OG x BreakingT: https://breakingt.com/collections/the-ovies-giglio-collection?rfsn=7630833.c3bd9f7 OG Secret Stash: http://theog.shop/ YouTube: https://www.youtube.com/@OGTriangleMedia OG Membership Channel: https://www.youtube.com/channel/UC1Qpevj6hElebdWc2SSGkWw/join The guys lead off with Comcast's massive decision to completely spin out the bulk of the NBCUniversal empire into a standalone, publicly traded entity. Joe and Demetri map out the two competing schools of thought on what happens next. The first, most obvious target is streaming giant Netflix stepping in to scoop up NBCU's elite legacy assets — instantly absorbing the film studios, global theme park footprint, and massive live sports properties like the NFL to cement their ecosystem. The second scenario features a newly independent NBCUniversal attempting an aggressive acquisition sprint of its own — a play that would require a mountain of capital they simply might not have without Comcast's cash-generating broadband backing. Then, the conversation transitions to a brutally honest post-mortem on the broadcast radio sector. Another massive wave of layoffs has torn through iHeartMedia, decimating local sports and talk programming across the country. Joe and Demetri explore why this specific round of cuts seems to have completely broken even the most hardened, optimistic radio consultants. Plus, the guys pivot to the tech world to offer some grim observations regarding the final, quiet death of physical video game media and the corporate squeeze of the all-digital console marketplace. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.