Author: Morris Esformes

Uber Technologies Inc., a multinational transportation network company (TNC), which has brought direct transportation to cities around the globe, rolled out its first Initial Public Offering (IPO) plan just 10 years after its founding.  The Numbers Behind Uber The direct transportation service, which allows customers to call a vehicle from the convenience of an app on their phone with a service quota, is estimated to have 110 million users worldwide and a 69% market share in the United States for direct transportation. After launching Uber Eats, a food delivery service, the company is also estimated to have an additional 25% market share within the food delivery space. After information was leaked regarding an IPO plan earlier this year, it was reported that the transportation company intended to set a price range that would value the company at an estimated $90 billion. The company’s shares for investors would be set at $44 to $50...

Thirteen years ago leading media companies Viacom and CBS went separate ways and split assets, along with Star Trek’s film and television franchise. Now, it seems a reunification of the two media companies is on the horizon.  However, according to The Wall Street Journal, several contingencies remain in a potential deal. The most prominent being settling a deal and identifying leadership. Currently, Bob Bakish, CEO of Viacom, seems most likely to takeover as Chief Executive Officer if a merger does happen, while Joseph Ianniello, who took over as CEO of CBS in the past year since Les Moonves departed the company due to sexual assault claims, would likely assume a different leadership role. As talks of the merger intensify, further scenarios for the future of a merged Viacom and CBS are coming to the forefront.  Morris Esformes Explores the CBS Viacom Merger According to sources close to the situation, a combined entity most...

The release of Disney’s record-breaking Avengers: Endgame brought $2.7 billion in globally, surpassing Paramount Pictures and 20th Century Fox’s box office hit Titanic, which grossed $2.187 billion back in 1997. Naturally, the Walt Disney Co. saw an increase in its stock prior to and after the release of the widely viewed Marvel franchise film. And while the release of Avengers: Endgame may have given Disney’s stock a boost, it is also closely paired with the company’s announcement of their streaming service Disney+ at a recent investor’s meeting, a topic I discuss on my blog entitled: Morris Esformes Discusses Disney’s Venture into the Streaming Business.  https://www.youtube.com/watch?v=APGwEBF0Xy0 It is likely the news surrounding Disney+, its announced price and further details of what content will populate the streaming service’s catalogue that played a dominant role in the rise of the stock price. But the historic success of Endgame undoubtedly contributed, as well. Avengers: Endgame broke box office...

Spotify took the lead in the music streaming services market in late April as it reached 100 million paid subscribers, but upon the company’s emergence into India its profit margins narrowed. Spotify, unlike other music streaming services, is heavily investing into the podcast market in an effort to gain and maintain the younger generations for advertising efforts. Latest generation iPhone X with Spotify logo on the screen At the end of its first quarter, the music streaming company said it has 217 million global users and of that number 100 million are paid subscribers, in comparison to the 96 million paid subscribers it had at the end of quarter four in 2018. Since the company went public a little over a year ago, it said it experienced a 32 percent increase of subscribers. At an estimated revenue value of about $1.7 billion, Spotify’s main competition is Apple Music, which currently has 50 million...

Back in 2016 AT&T announced that it was buying Time Warner Media and its affiliate networks, CNN, HBO and TNT, however, the process has been a long road (that’s still continuing today), including a failed U.S. Appeal and backlash from many political figures. The deal was suggested to be approximately $85.4 billion and bring large changes to the entertainment, information, and telecom economies, but where does the merger stand today? As the nation’s second-largest wireless carrier, AT&T in an unprecedented measure announced that it would engage in a vertical merger with TimeWarner to enhance its services and remain competitive in the current climate of the industry. The deal would combine a large telecom provider and a media giant under one roof, meaning AT&T would not only own content distribution, but the content itself. While the idea was intended for a bright future for both companies, it wasn’t met with the same optimism...

It wasn’t long ago that Disney’s Chief Executive Officer Bob Iger announced that Disney would not only merge with 21st Century Fox, a topic I delve into in my latest blog post “Morris Esformes on Breaking Down the Disney / Fox Merger,”  but that it would also pull all of its licensed films and shows from Netflix to roll out its own streaming service Disney Plus (Disney+), priced at a moderate $7 per month. Disney’s buyout of 21st Century Fox alone positions the mass media and entertainment conglomerate ahead of its competitors, a small win as it already ranks in the top 10 global conglomerates and number two in media conglomerates, however, its roll out of Disney Plus may just boost the media giant into the number one spot if the platform becomes successful. Currently, Disney has already announced Star Wars and Marvel content that are set to stream at...

With the current state of the market and increase in digital consumption, high-end tech companies are looking to roll out their own streaming services in hopes of gaining market share from the industry dominator, Netflix. Thus far, we’ve seen Amazon.com., Inc., increase its production spendings on Amazon Prime Video streaming services to gain momentum in the market. The Walt Disney Company, in its own effort to take lead in the market, pulled all of its films and shows from the Netflix platform to roll out Disney+, a topic I discuss in a recent blog post entitled “Morris Esformes on Breaking Down the Disney / Fox Merger.” Netflix, trying to maintain its dominance in the industry, allocated more than $6 billion to creating original content. Now, Apple is looking to expand its streaming services with Apple TV+. Apple rolled out its original version of Apple TV, at the time called iTV, back...

What initially started as a competitor to Blockbuster has evolved to take on the film and media industry as a whole. Netflix, a streaming platform that launched in 1998 by Reed Hastings and Marc Randolph, was initially designed as a direct-to-consumer business that sought to mail DVDs directly to your home, ultimately cutting out the middle man, at the time known as Blockbuster. Later, in 2010, the company rolled out DVD streaming, a move that launched them into virtually every household prior to development of competitors, such as Hulu, HBO GO, and provider-specific streaming services. While its original streaming service put Netflix on top, it wasn’t too long before other streaming services would inevitably surface. Table with popcorn bottle and Netflix logo on Apple Ipad mini and earphone. Netflix is a global provider of streaming movies and TV series. In 2012, Netflix made the decision to focus on becoming a producer...

As a Miami native, the importance of our oceanic systems and their overall effect on global climate has been deeply instilled in me, therefore keeping our oceans clean of pollutants is of the utmost importance. One project I’m invested in is The Ocean Cleanup, a non-profit organization developing advanced technologies to rid the world’s oceans of plastic, an issue that remains top-of-mind in today’s world. My first time raising money for The Ocean Cleanup was done for my birthday last year via Morris Esformes Facebook page. However, while we continue to make more advances in eliminating plastic usage, we’re still contributing billions of discarded plastics a year that eventually make their way into the ocean, impacting both climate and oceanic life in the process.    https://www.youtube.com/watch?v=pAgsPBJFdoY Morris Esformes climate change YouTube video Enjoying this post? Read Morris Esformes article on climate change and your health, or check out Morris Esformes press release. According...

In today’s digital age, industries across every sector are forced to adapt to a digital consumer climate. So far we’ve seen Netflix dominate the world of film and television streaming services, ultimately encouraging competitors such as Hulu, HBO GO and Amazon; we’ve seen Pandora and Spotify lead the music streaming industry, allowing consumers to switch between tracks freely and create their own playlists; now, it’s time for a leader to emerge within the video game streaming market--and currently, the war is on. According to Axios, dominant tech companies, such as Microsoft, Apple, Google and Amazon, are all reportedly working on what’s been deemed the “Netflix of video games,” with the hopes of surging ahead and leading the video game subscription market. However, the idea is a lot easier said than done. Netflix was able to lead the market by exploiting a loophole in content licensing within the film and television industry,...