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Sports valuations and the financial fundamentals behind them

Bloomberg Live says RedBird Capital’s Gerry Cardinale sees a sports bubble and views technology as essential to Hollywood’s future.

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1 Source, 2h ago, first seen 2h ago

TLDR

Bloomberg Live shared an interview in which RedBird Capital founder Gerry Cardinale said sports valuations have outrun financial fundamentals, calling it “a bit of a bubble.” Its takeaways also say Paramount went from eight movies a year to 15 under new ownership and RedBird X has incubated seven AI businesses.

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1 Source, first seen 2h ago

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Combined views

7.2K

1 Source, first seen 2h ago

2 likes3 comments1 saves2 reposts

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1 Source

Bloomberg Live@BloombergLiveICYMI: @GJCardinale, Founder & Managing Partner of @RedBirdCap, unpacked the financial thesis behind his investments across sports and entertainment, including why he sees sports valuations outrunning fundamentals and technology as essential to Hollywood’s future. The takeaways? ◼️ “There's a bit of a bubble in sports now.” ◼️ Cardinale says sports valuations have outrun financial fundamentals. ◼️ Paramount went from eight movies a year to 15 under new ownership. ◼️ The combined company plans to spend $30B-$40B yearly on content. ◼️ Cardinale says most planned cost savings are non-labor expenses. ◼️ RedBird X has already incubated seven new AI businesses. Full interview here ⏯️ https://bloom.bg/4hH4kkM2h
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    1 Source

    Bloomberg Live@BloombergLiveICYMI: @GJCardinale, Founder & Managing Partner of @RedBirdCap, unpacked the financial thesis behind his investments across sports and entertainment, including why he sees sports valuations outrunning fundamentals and technology as essential to Hollywood’s future. The takeaways? ◼️ “There's a bit of a bubble in sports now.” ◼️ Cardinale says sports valuations have outrun financial fundamentals. ◼️ Paramount went from eight movies a year to 15 under new ownership. ◼️ The combined company plans to spend $30B-$40B yearly on content. ◼️ Cardinale says most planned cost savings are non-labor expenses. ◼️ RedBird X has already incubated seven new AI businesses. Full interview here ⏯️ https://bloom.bg/4hH4kkM2h
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