Podcasts about Brightcove

What happens when a publicly traded company transitions to become privately owned? During the midday Fireside Chat at the Boston Smart Business Dealmakers Conference, two CFOs share firsthand insights on the realities of life as a public company, the strategic considerations behind their respective sales to private equity firms, and what the transition process entailed. Cassandra Hudson, CFO of StackAdapt and former CFO of EngageSmart, and John Wagner, former CFO of Brightcove, sat down with Bank of America Managing Director Phil Ianniello to discuss what changed post-transaction and how the shift has impacted operations and financial strategy, and offer key lessons from navigating this major transformation.

This week, we review FOX and Tubi's Super Bowl stream, detailing the video quality, latency, playback, viewership numbers and overall event success. We also detail Q4 and full-year earnings from Roku, AMC Networks, Altice, Fastly and Harmonic, which saw mixed results. We highlight the launch of JioHotstar, which resulted in the merger between Hotstar and JioCinema, subscriber numbers from Philo, the Apple TV app launching on Android and the changes taking place at Brightcove due to the acquisition by Bending Spoons.Podcast produced by Security Halt Media

SummaryIn this episode of the Inorganic Podcast, hosts Christian Hassold and guest Erik Morton delve into the planned acquisition of Brightcove by Bending Spoons. They explore the dynamics of the deal, the market context, and the implications for both companies. Brightcove, a pioneer in online video hosting, faced challenges in a competitive landscape that evolved substantially due to digital video creation and storage innovation, notably the free models offered by YouTube and Vimeo. Christian and Erik discuss Bending Spoons' pattern of being an acquirer of distressed businesses and how they typically run the businesses post-acquisition to maximize return on investment. This episode is an interesting look at how tech “Zombies” find a home through strategic acquisition when operating standalone is not a credible option.TakeawaysThe acquisition of Brightcove by Bending Spoons is part of a broader roll-up strategy that has been executed multiple times prior.Bending Spoons has been particularly interested in notable companies that became distressed due to commoditization or lack of differentiation, yet still had loyal enterprise or SMB customer bases.The acquisition price reflects Brightcove's current market challenges and growth.Public companies face immense pressure to grow, leading to take-private transactions when they cannot without making drastic changes that public markets don't appreciate.The concept of 'zombie' companies is relevant in today's market, highlighting the impact of stagnation on management and employees.We will see more transactions like these as Zombie companies both public and private face growth challenges.Chapter Markers0:00 Introduction2:52 Background on Brightcove5:15 Background on Bending Spoons07:18 Insights on the Deal Valuation11:37 Brightcove's Engineering Costs & Financial Health14:48 Anticipating Radical Changes Post-Acquisition21:46 Investor Returns and Employee Compensation28:25 Takeaways 32:12 ConclusionConnect with Christian & In/organic PodcastChristian's LinkedIn: https://www.linkedin.com/in/hassold/In/organic on LinkedIn: https://www.linkedin.com/company/inorganic-podcastIn/organic on YouTube: https://www.youtube.com/@InorganicPodcast/featuredConnect with E20 guest, Erik Morton on LinkedInhttps://www.linkedin.com/in/erikimorton/ Hosted on Acast. See acast.com/privacy for more information.

The marketing terrain is rough out there. In many ways, traversing the roots, rocks and mud of extreme trail running is like navigating the shifting marketing landscape.Both demand endurance, adaptability and a strategic mindset. Those are a few of the things we're talking about today. In this episode, we're taking marketing inspiration from extreme trail running with the help of our special guest, DeepL CMO Steve Rotter.Together, we talk about being agile, stepping where others have stepped, how to plot your own route, and aiming for progress over perfection.About our guest, Steve RotterSteve Rotter, an entrepreneur, evangelist, and author, brings over two decades of tech marketing leadership experience to his role as CMO at DeepL. With a track record as a two-time founder with two M&A deals and three unicorns under his belt, Steve is deeply passionate about innovative marketing, AI, and brand building. Prior to DeepL, Steve served as CMO of FourKites, where he spearheaded remarkable growth and revenue increases through targeted account-based marketing and PLG strategies, serving industry titans like Coke, Walmart, and Ford. His expertise extends to CMO roles at OutSystems and Acrolinx, where he drove unicorn growth, established category leadership, and facilitated successful acquisitions. He's also held leading tech-industry marketing positions at Adobe, Motorola, and Brightcove.What B2B Companies Can Learn From Extreme Trail Running:Agility is key. Be on the lookout for disruptions, like changes in buying pattern, that mean you may have to change course. Steve says he was out running “and we had a couple of days of rain because of the recent hurricane. And all of a sudden a trail that was normally a certain way had about a 10 foot river running through it, and you had to cross it and not try not to get too wet and fall over. And the course that you thought was one way is different.” This is true with marketing as well. The landscape is always changing. You have to adapt to what's in front of you to keep going.Step where others have stepped. If you've seen others have success with a particular marketing strategy, try it. Use their success to your advantage. Ian says, “If you have somebody's footprints right there in front of you, you can just stay right in their footprints.” Like in extreme trail running, you know stepping in the same place as the person in front of you is a safe bet.When there is no path, slow down just enough to plan your route. But don't take too long to do it. Ian says, “There's this balance of speed versus slowing down to plan your route. And I think that like a lot of times, in my opinion, B2B marketing teams slow down and plan way too much. And they're way overly concerned with the perfect plan rather than running. At the end of the day, you have to move. You have to keep moving. So many people are just crippled by indecision.”Progress over perfection. Don't wait for perfect data to make great content. Use what information you have to move forward. Steve says, “In many cases, you have very data-driven businesses and by definition, marketing has become almost a data-driven skill set that has to be present. But in many ways, it's that analysis paralysis that slows them down because they're waiting for perfect data. We can't wait for perfection. We have to show progress.”Quotes*”I think that's actually a really healthy discipline for marketing teams, is not just to be on that hamster wheel all the time, but to take some time out and say, ‘Look, what do we really want to do? What do we want to say? What's our message? What's our story? What's our creative angle?' And rarely do you achieve that in moments of extreme distraction, right? It's that focus time that kind of drives those light bulb moments.”*”A leadership approach that is acceptable has a tolerance and there's no fear of failure. If you have marketers that are afraid, like if they make a mistake, they're going to get yelled at or fired, then of course they're going to take time because they're going to just wait for perfect. Whereas if you build a culture in your marketing team around speed, velocity, and learning from your mistakes, then you got a good recipe.”Time Stamps[0:55] Meet Steve Rotter, CMO at DeepL[1:48] The Connection Between Trail Running and Marketing[6:42] Psychology and Support in Extreme Trail Racing[12:54] Preparation and Training for Trail Running[16:56] Marketing Strategies and Team Dynamics[22:15] Balancing Speed and Planning in B2B Marketing[23:55] Overcoming Analysis Paralysis[24:24] The Importance of a Fearless Marketing Culture[25:05] Navigating Unpredictable Terrain[29:12] The Little Things in Marketing[31:46] Educating the Market on AI[34:37] Leveraging Customer Stories[37:54] Advice for CMOs on Content Strategy[40:04] Uncovering Hidden StoriesLinksConnect with Steve on LinkedInLearn more about DeepLAbout Remarkable!Remarkable! is created by the team at Caspian Studios, the premier B2B Podcast-as-a-Service company. Caspian creates both nonfiction and fiction series for B2B companies. If you want a fiction series check out our new offering - The Business Thriller - Hollywood style storytelling for B2B. Learn more at CaspianStudios.com. In today's episode, you heard from Ian Faison (CEO of Caspian Studios) and Meredith Gooderham (Senior Producer). Remarkable was produced this week by Meredith Gooderham, mixed by Scott Goodrich, and our theme song is “Solomon” by FALAK. Create something remarkable. Rise above the noise.

In regulatory filings, more details have emerged in Bending Spoons plans to acquire Brightcove, including some terms for employees who stay on with the new company, the number of aggregate shares of company common stock tied to RSU awards, the exact number of Brightcove employees, a disclosure of a "material weakness in internal control over financial reporting,” and other company details. In this special podcast episode, we discuss all the numbers and provide insights into what the deal could mean for Brightcove's future.Podcast produced by Security Halt Media

It's not exactly a secret that Apple has explored the possibility of building a television. Before his death in 2011, co-founder Steve Jobs famously told biographer Walter Isaacson that he'd “finally cracked it,” but no full-fledged Apple TV (as opposed to the Apple TV set-top box) has emerged in the years since; The Australian government has withdrawn a bill that would have fined online platforms up to 5 percent of their global revenue if they failed to stop the spread of misinformation. The bill, which was backed by the Labor government, would have allowed the Australian Communications and Media Authority to create enforceable rules around misinformation; Brightcove, a cloud platform that helps businesses manage and monetize video content, is being taken private by Italian technology company Bending Spoons, in a deal valued at $233 million. Founded in 2004, Brightcove develops tools and services for creating, hosting, streaming, marketing, and monetizing video content; Now you can appear to be on a Zoom call in your office, even when you're sipping a margarita in a hammock far, far away. Courtesy of a months-old startup called Pickle. Learn more about your ad choices. Visit podcastchoices.com/adchoices

This week, we detail all the important numbers from Q3 earnings tied to profitability, capex spending, MAUs and subscriber additions tied to streaming services from Paramount, Tubi, AMC Networks and Vizio, along with infrastructure players Vimeo, Brightcove, Akamai, Fastly and Cloudflare. We also discuss the latest content news from UFC, The Tennis Channel, Netflix, Sky and FOX and highlight CDN Medianova's round of funding. Finally, we break down the impact of the Fed's interest rates on your job and your employers' ability to borrow capital and expand their workforce, invest in R&D and launch new products and services versus not being able to afford interest payments and doing layoffs. Podcast produced by Security Halt Media

This past May, Acquia released its 2024 Survey Report: Consumer Perspectives on Digital Accessibility, which found several common accessibility challenges with digital platforms, including an inaccessible web layout, video or audio content without transcriptions and more. Today we're going to talk about what it means to provide a truly accessible digital experience and the impact it can have on your customers and your brand. To help me discuss this topic, I'd like to welcome Jennifer Griffin Smith, Chief Market Officer at Acquia. A well-respected international marketing executive, Jennifer Griffin Smith has more than 20 years of experience managing go-to-market strategies and corporate communications for public and private technology companies. She focuses on the needs of customers and partners in the ever-changing digital world, ensuring that Acquia solutions deliver exceptional value today and in the future, and that all programs and communications are addressing the unique needs of customers. Jennifer leads the global marketing organization, including product marketing, GTM programs for customers and new business, brand, and marketing communications. With her extensive experience as a B2B marketing practitioner, Jennifer is passionate about new ways to grow awareness, improve marketing ROI, and create high-performing, award-winning teams. Before joining Acquia, Jennifer held CMO positions at Brightcove, Alfresco Software (acquired by Hyland), Software AG, Workhuman (formerly Globoforce), Avid Technology, and Progress Software. She has also held senior European marketing roles at Microsoft, PeopleSoft, and Information Builders. RESOURCES Acquia website: https://www.acquia.com Acquia Consumer Perspectives on Digital Accessibility and Why Your Organization Needs a Digital Accessibility Strategy report: https://streaklinks.com/CDXW05pOzrefv_EmGguRQ6AT/https%3A%2F%2Fwww.acquia.com%2Faccessibility-report-2024 Acquia Why Your Organization Needs a Digital Accessibility Strategy report: https://0a818d23.streaklinks.com/CJVgsJ1lZcdvFJePqQwSI-T-/https%3A%2F%2Fwww.acquia.com%2Fresources%2Freport%2Fwhy-your-organization-needs-digital-accessibility-strategy Wix Studio is the ultimate web platform for creative, fast-paced teams at agencies and enterprises—with smart design tools, flexible dev capabilities, full-stack business solutions, multi-site management, advanced AI and fully managed infrastructure. https://www.wix.com/studio Connect with Greg on LinkedIn: https://www.linkedin.com/in/gregkihlstrom Don't miss a thing: get the latest episodes, sign up for our newsletter and more: https://www.theagilebrand.show Check out The Agile Brand Guide website with articles, insights, and Martechipedia, the wiki for marketing technology: https://www.agilebrandguide.com The Agile Brand podcast is brought to you by TEKsystems. Learn more here: https://www.teksystems.com/versionnextnow The Agile Brand is produced by Missing Link—a Latina-owned strategy-driven, creatively fueled production co-op. From ideation to creation, they craft human connections through intelligent, engaging and informative content. https://www.missinglink.company

This past May, Acquia released its 2024 Survey Report: Consumer Perspectives on Digital Accessibility, which found several common accessibility challenges with digital platforms, including an inaccessible web layout, video or audio content without transcriptions and more. Today we're going to talk about what it means to provide a truly accessible digital experience and the impact it can have on your customers and your brand. To help me discuss this topic, I'd like to welcome Jennifer Griffin Smith, Chief Market Officer at Acquia. A well-respected international marketing executive, Jennifer Griffin Smith has more than 20 years of experience managing go-to-market strategies and corporate communications for public and private technology companies. She focuses on the needs of customers and partners in the ever-changing digital world, ensuring that Acquia solutions deliver exceptional value today and in the future, and that all programs and communications are addressing the unique needs of customers. Jennifer leads the global marketing organization, including product marketing, GTM programs for customers and new business, brand, and marketing communications. With her extensive experience as a B2B marketing practitioner, Jennifer is passionate about new ways to grow awareness, improve marketing ROI, and create high-performing, award-winning teams. Before joining Acquia, Jennifer held CMO positions at Brightcove, Alfresco Software (acquired by Hyland), Software AG, Workhuman (formerly Globoforce), Avid Technology, and Progress Software. She has also held senior European marketing roles at Microsoft, PeopleSoft, and Information Builders. RESOURCES Acquia website: https://www.acquia.com Acquia Consumer Perspectives on Digital Accessibility and Why Your Organization Needs a Digital Accessibility Strategy report: https://streaklinks.com/CDXW05pOzrefv_EmGguRQ6AT/https%3A%2F%2Fwww.acquia.com%2Faccessibility-report-2024 Acquia Why Your Organization Needs a Digital Accessibility Strategy report: https://0a818d23.streaklinks.com/CJVgsJ1lZcdvFJePqQwSI-T-/https%3A%2F%2Fwww.acquia.com%2Fresources%2Freport%2Fwhy-your-organization-needs-digital-accessibility-strategy Wix Studio is the ultimate web platform for creative, fast-paced teams at agencies and enterprises—with smart design tools, flexible dev capabilities, full-stack business solutions, multi-site management, advanced AI and fully managed infrastructure. https://www.wix.com/studio Connect with Greg on LinkedIn: https://www.linkedin.com/in/gregkihlstrom Don't miss a thing: get the latest episodes, sign up for our newsletter and more: https://www.theagilebrand.show Check out The Agile Brand Guide website with articles, insights, and Martechipedia, the wiki for marketing technology: https://www.agilebrandguide.com The Agile Brand podcast is brought to you by TEKsystems. Learn more here: https://www.teksystems.com/versionnextnow The Agile Brand is produced by Missing Link—a Latina-owned strategy-driven, creatively fueled production co-op. From ideation to creation, they craft human connections through intelligent, engaging and informative content. https://www.missinglink.company

Send Everyday AI and Jordan a text messageWith AI stepping in, streaming video is being reimagined in ways we never thought possible. Find out how the biggest media companies are using AI to stay ahead of the curve and why it's reshaping the future of video with Brightcove's Marc DeBevoise.Newsletter: Sign up for our free daily newsletterMore on this Episode: Episode PageJoin the discussion: Ask Jordan and Marc questions on AI and streaming video.Upcoming Episodes: Check out the upcoming Everyday AI Livestream lineupWebsite: YourEverydayAI.comEmail The Show: info@youreverydayai.comConnect with Jordan on LinkedInTopics Covered in This Episode:1. Video's Increasing Dominance2. AI's Impact on Video3. New Video Consumption Avenues4. Innovation in Video CreationTimestamps:01:40 Google adds ads to AI-generated summaries.04:55 About Mark and Brightcove06:39 AI will transform video creation and distribution significantly.08:23 Ask AI video questions to CEO during livestream.12:55 Optimizing metadata enhances audience engagement efficiently.13:52 AI improves engagement by optimizing metadata and distribution.17:40 Remote work increased demand for video content.23:11 AI model development dominated by major tech companies.23:53 Evolving video content creation and management challenges.27:08 Video tech boosts small business growth opportunities.Keywords:Role of Text in AI, Video's Increasing Dominance, Video Engagement, Impact of COVID-19 & AI, AI Tools and Content Creation, Compartmentalized Attention, Technological Integration, New Video Consumption Avenues, Innovation in Video Creation, Platform Adaptation, Small and Medium-sized Businesses (SMBs), AI as a Tool for Experimentation, Intersection of AI and Video, Encouragement and Future Vision, Host Introduction, Podcast Overview, AI News Highlights, OpenAI's New Canvas Feature, Google Ads in AI Summaries, OpenAI's Financial Developments, Guest Introduction, Brightcove Overview, AI's Impact on Video, Brightcove Services, AI-generated Content, Language Translation, Auto-Generate Metadata, Content Volume Management, Experimenting with AI, Multilingual Content. Get more out of ChatGPT by learning our PPP method in this live, interactive and free training! Sign up now: https://youreverydayai.com/ppp-registration/

This week, Mark Donnigan and I recap news from IBC about using cloud-based compute services for video workflows, encoding optimization, AV1/codec adoption, live encoding use cases, and AI's potential impact on encoding platforms. We also give updates on the Venu/Fubo lawsuit, price increases for NBA League Pass, the upgraded Roku Ultra device, Google rebranding their FAST channels, and some viewership numbers from Peacock. Finally, we discuss some interesting statements from Netflix regarding their ad tier, the NFL games on Christmas and how they view one-off sporting events versus full seasons.Companies mentioned include Akamai, Amagi, AOM, ATEME, AWS, Bitmovin, Brightcove, CDN77, Disney+ Hotstar, Dolby, Edgio, Harmonic, iSIZE, Neilsen, Netflix, NETINT, NVIDIA, THEO Technologies, Visionular, WaveOne, YouTube.Thanks to this week's podcast sponsors: Integrated Digital Solutions and Netskrt Systems.Podcast produced by Security Halt Media

This week, we recap the key points from Q2 earnings involving media companies and vendors, highlighting DTC subscriber additions and losses, profit and loss, cord-cutting, WBD and Paramount writing down the value of their TV businesses, and highlight how media stocks have performed over the past 12 months. We also explain crucial financial terms like GAAP, non-GAAP, EBITDA, OIBDA, and EPS, making it easier to understand how these companies report their finances to Wall Street.On the vendor side, we detail how security and compute revenue now represent 66% of Akamai's total revenue, Fastly cutting full-year guidance and laying off 11% of the company, Brightcove and Kaltura's revenue growth being flat and the challenges some vendors are having in growing their media businesses while continuing their efforts to keep costs down. Podcast produced by Security Halt Media

Jeremy is Co-Founder, Chairman and CEO of Circle, the financial technology company behind the USDC stablecoin. Before Circle, Jeremy co-founded several companies, including Brightcove and Allaire Corporation, which was acquired by Macromedia. Follow Jeremy on X @jerallaire. 0:00 - Jeremy's career growth in parallel to the internet 10:06 - Comparing the first decade of internet adoption to the first decade of crypto innovation 18:37 - Why infrastructure innovation precedes application innovation 25:44 - What happens when the marginal cost of moving value approaches zero 33:59 - Crypto's potential impact on existing institutions and society at large 43:19 - Jeremy's thoughts on internet-native currencies 48:07 - The potential impacts of regulating crypto Mint this episode for free onchain on Base at ⁠pods.media/pod-of-jake/176-jeremy-allaire For more episodes, go to ⁠⁠podofjake.com⁠⁠. Previous guests include ⁠⁠Mark Cuban⁠⁠, ⁠⁠Vitalik Buterin⁠⁠, ⁠⁠Brian Armstrong⁠⁠, ⁠⁠Balaji Srinivasan⁠⁠, ⁠⁠Keith⁠⁠ ⁠⁠Rabois⁠⁠, ⁠⁠Ali Spagnola⁠⁠, ⁠⁠Anthony Pompliano⁠⁠, ⁠⁠Raoul Pal⁠⁠, ⁠⁠Julia Galef⁠⁠, ⁠⁠Jack Butcher⁠⁠, ⁠⁠Tim Draper⁠⁠, and over 100 others alike. Learn from founders and CEOs of companies like ⁠⁠OpenAI⁠⁠, ⁠⁠Coinbase⁠⁠, ⁠⁠Solana⁠⁠, ⁠⁠Polygon⁠⁠, ⁠⁠AngelList⁠⁠⁠, ⁠⁠Oura⁠⁠⁠, and ⁠⁠Replit⁠⁠, and investors from ⁠⁠Founders⁠⁠ ⁠⁠Fund⁠⁠, ⁠⁠a16z⁠⁠, ⁠⁠Union Square Ventures⁠⁠, and many more. I appreciate your support and hope you enjoy. Thanks to ⁠⁠⁠Chase Devens⁠⁠⁠ for the show notes and ⁠⁠⁠Yiction⁠⁠⁠ for the music. Lastly, I love hearing from fans of the pod. Feel free to email me any time at ⁠⁠jake@blogofjake.com⁠⁠. Thank you!

This week, we discuss some of Netflix's latest data on its ad-supported business, including usage, monthly active users and the news that it will launch an ad tech platform to control its ad buying, placement, and targeting. We also cover news from YouTube's Brandcast, announcing that viewers watch more than 1 billion hours of content on TV screens daily. We discuss why FOX's CEO said 90% of viewing time on Tubi comes from VOD content, not their FAST channels and why I think FAST won't be profitable for all but the major content owners. We break out the nearly 2 million live linear TV losses in Q1 across pay TV and vMVPDs and how consumers continue to move from a deep linear channel lineup to specific live content. Finally, we discuss why Nielsen's new Media Distributor Gauge is flawed in viewership data when Nielsen compares companies, like The Walt Disney Company, to single streaming services, like Prime Video. We also quickly recap earnings from Vizio, Brightcove, Akamai, WBD, and EchoStar and highlight a new patent lawsuit filed against Google regarding caching and content delivery methods dating back to Sandpiper Networks. Podcast produced by Security Halt Media

This week, we break down all the numbers from Warner Bros. Discovery's full year 2023 earnings, including DTC profitability in 2023, exclusive NBA negotiations, international expansion of Max, and their disciplined approach to investing in subscriber growth, mindful of lifetime value to subscriber acquisition cost ratios. We also highlight why Fubo is suing Disney, Fox, and Warner Bros. Discovery over their recently announced JV deal to offer a sports streaming service and the overlapping distinct authority that the FTC and DOJ have to challenge anti-competitive practices. Finally, we detail earnings from Vimeo, which projects only 4-8% of revenue growth in 2024 and Brightcove, whose projected 2024 revenue growth would be flat or slightly down over 2023.Podcast produced by Security Halt Media

Video streaming is valued at $500 Billion and will explode into a $2.0 Trillion market by 2030. With billions of hours streamed per month, 99% of American households subscribe to a streaming service, like Netflix, Apple, Amazon, Disney, Fubo, Hulu, Max, Paramount, Peacock, Roku, Sling, and YouTube. Americans spend approximately 13 hours per day consuming digital media, ugh, with 3 of those hours spent streaming video. At the center of this massive traffic, making it all happen behind the scenes, are companies like Brightcove. Partnering with thousands of companies in 70 countries, to stream and monetize content inside and outside of their organizations, Brightcove helps build connections between companies and their audiences. To explore how to reboot the streaming industry, we invited Brightcove's CEO, Marc DeBevoise, to The Reboot Chronicles Show. A two-time Technology and Engineering Emmy® Award winner, Marc unpacks how he and his team are pushing the boundaries of what video can do for our companies and our lives. --- Send in a voice message: https://podcasters.spotify.com/pod/show/rebootchronicles/message

This week, we review what's behind all the industry layoffs as companies reset the cost bar on CAPEX and OPEX expenses. With full-year 2023 financials in the book, some companies didn't hit the revenue, efficiency, and cost savings goals they had expected, prompting layoffs to start the year. We also detail how some vendors are restructuring their debt with Fubo, the most recent example, which will pay a higher interest rate in exchange for pushing debt out by three years and getting to profitability faster.We detail the 2023 domestic box office revenue numbers, which topped $9.03 billion, an improvement on the $7.4 billion total ticket sales from 2022 and the great year that IMAX had financially. On the sports front, we discuss the NCAA's nearly billion-dollar handshake with ESPN and Warner Bros. Discovery's plans to continue to give away its B/R Sports Add-On for several more months before they start charging consumers. Finally, we mention some executive changes at VideoAmp, Prime Video, Brightcove and Edgio.  Podcast produced by Security Halt Media

This week, we examine the Q3 financial results of OTT industry heavyweights Disney, Warner Bros. Discovery, DISH, and Vizio, along with streaming providers Akamai, Brightcove, Kaltura, Comscore and Vimeo. We go over some of the most important conclusions, such as Disney+ having 5 million AVOD customers and ESPN+ making $33 million in profit. We go into detail on how WBD paid off an astounding $12 billion in debt this year and anticipates producing at least $5 billion in free cash flow. The company is attempting to position itself as an acquirer, as evidenced by the $111 million in positive EBITDA that their DTC sector generated during the quarter. We conclude with all the P&L data from streaming providers in the industry that you should know, including an examination of CDN77's remarkable revenue growth and the current macroeconomic environment's potential impact on the industry.

This week we detail the Q3 earnings numbers you need to know tied to Paramount+, Peacock, Fubo, AMC+, Roku and Brightcove including subscriber counts and DTC profit and loss. We also draw attention to the roughly one million new Comcast, Verizon, Charter, and Altice pay TV customers who have cut the cords. We talk about the announcement from Netflix that their ad tier now boasts 15 million monthly active users worldwide; Harmonic's strategic review of their video division; Bitmovin revealing that their revenue for the upcoming year will be in the 30s million; and Nokia suing Amazon and HP for allegedly violating patents related to H.264 and H.265 video decoding.

This week we break down all the important numbers you need to know regarding Q2 earnings from OTT platforms and streaming vendors. Hear about profitability/loss and subscriber gains/losses for Warner Bros. Discovery (Max), Comcast (Peacock), Fubo, Roku, Brightcove, Vimeo, Verizon, Charter, Kaltura, Fastly and Cloudflare. We also pose tough questions about New Relic's valuation following its acquisition and the implications for other vendors in the industry.

Brightcove Inc., Q2 2023 Earnings Call, Aug 02, 2023

ในโลกปัจจุบันทุกวันนี้ เราสามารถรับชม Content ที่มีความหลากหลายที่เปิดโลกของเราให้กว้างขึ้นมากกว่าที่เคย โดยเฉพาะการดูวิดีโอออนไลน์ที่เราสามารถเลือกชมได้หลากหลายช่องทาง ผ่านทางค่าย VDO Streaming และสื่อออนไลน์ต่างๆ ที่แข่งขันกันผลิตคอนเทนต์ออกมาเสิร์ฟเราในระดับรายชั่วโมง แล้วเทคโนโลยีที่อยู่เบื้องหลังการให้บริการ Content ทั้งหมดนี้คืออะไร . โดยในรายการ Tech Monday EP. นี้เราจะไปทำความเข้าใจกัน กับคุณเก่งกาจ ทัฬหสายทอง และคุณเชษฐ สุทธิธนานนท์ ถึงเทคโนโลยีที่มีชื่อว่า Over-the-top หรือ OTT เพื่อเจาะลึกว่ามันคืออะไร แล้วมันจะช่วยพัฒนาโลกแห่ง Content ได้อย่างไรบ้าง โดยเฉพาะคอนเทนต์รูปแบบวีดีโอ มาดูกัน! . Tech Monday x OMNIKUB x Brightcove . . #OMNIKUB #Brightcove #OTT #TechMonday #missiontothemoon  #missiontothemoonpodcast

In this episode, Theo shares Brightcove's holistic go to market strategy, how and why to create a Netflix style experience, and the importance of collecting and harnessing the power of first-party data when it comes to video content. Theo also talks about how thinking and acting like a media company is the way forward for all marketers.Key Takeaways:Different personas need to be sold to differently. Be sure all messaging directly reflects the needs of a particular persona and that it's not written for every potential buyer.A go to market strategy that's worked for Brightcove: Treat buyers as individuals, personalize content, and since video is king - make good use of it.Create a Netflix style experience for your customers. Thinking and acting like a media company is the way forward.Quote:It's ubiquitous. Now research shows that 90%, 97% in fact of recent video viewers would be more receptive to sales communications from a business after consuming their video content, so it's incredibly important that enterprises get on board with video as well.”Episode Timestamps:*(4:20) - The Trust Tree: Brightcove's focus on “streaming” content strategies *(25:09) - The Playbook: Marketing to customers as customers and not simply as prospects*(38:53) - The Dust Up: Overcoming tension between marketing and sales*(42:56) - Quick Hits: Theo's Quick HitsSponsor:Pipeline Visionaries is brought to you by Qualified.com, the #1 Conversational Marketing platform for companies that use Salesforce and the secret weapon for Demand Gen pros. The world's leading enterprise brands trust Qualified to instantly meet with buyers, right on their website, and maximize sales pipeline. Visit Qualified.com to learn more.Links:Connect with Ian on LinkedInConnect with Theo on LinkedInLearn more about BrightcoveLearn more about Caspian Studios

I'm so excited to announce that with this episode we have hit a new milestone and that is #300 episodes of The VentureFizz Podcast!!! Did you know that my first interview was published 5 years ago, so I am blown away to reach this milestone. Starting a podcast is not necessarily hard, but keeping up with it is certainly one of the trickiest parts. I believe that the key criteria for a successful, long standing podcast is that the host needs to be genuinely interested in the topic that is being discussed. It goes without saying that I am fascinated by the journey of building startups and I consider myself to be incredibly fortunate to have the opportunity to interview so many amazing entrepreneurs and investors. I want to thank them all for taking the time to share their stories and advice with our audience. So, for Episode #300, I couldn't think of a better guest than Diane Hessan - Entrepreneur, Investor, Board Member, and Columnist. Diane has accomplished so much through out her career and during this interview she shares so many great stories from each step along the way including building Communispace (now called C Space) which was the first company to leverage social media for consumer insights. We had a lot of ground to cover, so we discuss a lot including: * Diane's background story growing up in Pennsylvania and why she completed her undergrad at Tufts in three years, plus the story of her very unique application to Harvard Business School. * Her career path as a Brand Manager for General Foods and later rising through the ranks at The Forum Corporation. * The full story of Communispace and how the company pivoted and disrupted the market research industry which led to an acquisition by Omnicom. * Authoring a book and becoming a nationally recognized expert on the American voter. * Serving on the Board of Directors at companies like Panera Bread, Brightcove, Eastern Bank, and others. * What it's like giving a commencement address. * Saying “yes” and the importance of serendipity. * And so much more! Ok quick side note, as you know this is Episode #300. This means we have quite the library of interviews with entrepreneurs and investors in the tech industry. I interview legends like Diane who are wildly successful, but I also interview first time entrepreneurs, as I like to provide insights and advice for entrepreneurs at different stages. So, if you haven't explored our full catalogue, you can go to venturefizz.com/podcast or any of the major streaming players like Spotify, Apple, Google Play, Soundcloud, and others. I hope you find these interviews useful, as there are so many great lessons learned!

This week we highlight the Q1 earnings news from Brightcove (will lay off 10% of company), Vimeo (CEO could get $800,000 bonus), Paramount (+  added 4.1M subs), Comcast (Peacock subs up 2M), Warner Bros. Discovery (expects DTC business to be profitable this year) and the latest cord cutting numbers with over 1M pay TV losses in Q1.We also discuss problems we are seeing with many resumes and LinkedIn pages by those looking for new jobs in the industry. We share feedback on what you should be doing if you are looking for a new job and how you should be setting yourself up for success.Questions or feedback? Contact: dan@danrayburn.com

This week we highlight some of the news from the NAB Show and detail the technologies and business models we heard talked about the most. We also discuss the trends we saw at the show, vendor messaging, specific data shared from speakers and what impressed us. We also cover some numbers you need to know on cord cutting, P&L and ARRU from earnings related to Roku, Comcast (Peacock), Amazon, Verizon, Meta, Netflix and others. Companies and services mentioned: Roku, Netflix, Amazon, Verizon, Peacock, HBO Max, Comcast, Brightcove, Harmonic, Haivision, Amagi, IMAX, Bitmovin.Questions or feedback? Contact: dan@danrayburn.com

Maximizing distribution and quality of experience can be tough for service providers. Brightcove's Ian Blaine thinks so, too, and has new tools to help with both.

Accomplished leader in the direct-to-consumer, media, and technology industries...and an excellent secret-keeper, Mark DeBevoise brings his big brain into the bunker and drops a few juicy tidbits.Like - before there was Disney+ and Peacock...he was behind the creation of a secret streaming service - known only by it's cool code name, "Project Subway." That highly classified project eventually became known as CBS ALL ACCESS...which is now PARAMOUNT+. Also - We'll get his thoughts on the current business of streaming...will it ever become profitable?  Will viewers have to navigate dozens and dozens of apps, endure increasing monthly subscription fees AND sit through commercials? Is linear tv dead or does it still have a pulse?Lastly, Marc downloads us on his exciting NEW venture called BRIGHTCOVE, takes a listener question and plays "Finish That Sentence."We felt much smarter after his visit...bet you will too!Call us!https://www.speakpipe.com/RM15Follow us!Twitter @rm15creativeInstagram @rm15creativeEmail us!Email rm15creative@rm15creative.com

This week we detail the numbers you need to know from the Q4/full-year earnings of Warner Bros. Discovery, Vimeo, fuboTV, Vizio, Brightcove, DISH and Altice. We highlight revenue growth, free cash flow, pay TV subs lost, streaming subs gained and ARPU. We also cover some of the news around sports streaming and OTT services from MSG+, RSN licensing, NFL Sunday Ticket and Indian Premier League cricket.Companies and services mentioned: Netflix, HBO Max, fuboTV, Warner Bros. Discovery, MSG+, Brightcove, Vimeo, DISH, Altice, YouTube TV, Tubi, Tubular Labs and Chartbeat.Questions or feedback? Contact: dan@danrayburn.com

Josh Walker is the Co-Founder and President of Sports Innovation Lab where he oversees the company's innovative and proprietary market intelligence platform. Through market analysis and unbiased research, he empowers brands to develop and implement game changing, breakthrough experiences in a new age of sports and entertainment fandom. His work at Sports Innovation Lab represents the convergence of his career as a researcher, advisor, entrepreneur, and sports journalist. A former Vice President of Research at Forrester, Josh was responsible for launching the company's Forrester Wave evaluation framework, designed to accelerate innovation by connecting technology buyers with the best vendors. After Forrester, Josh spent time as Entrepreneur-in-Residence at General Catalyst advising fast-growing companies including Brightcove, Kayak, and Demandware. He soon became a serial entrepreneur himself, using his passion for technology and data to launch and grow several venture-backed companies such as CityVoter, Comlinkdata, and Stattleship. Josh is a graduate of Middlebury College and lives in Cambridge, Massachusetts. In the conversation Josh mentions the book Everybody Lies: Big Data, New Data, and What the Internet Can Tell Us About Who We Really Are, which can be found across book retailers.

Marc DeBevoise, CEO of Brightcove, joins me in today's episode of Tech Talks Daily in a discussion about the rise of the future of streaming. As a seasoned executive with a wealth of experience in the streaming industry, Marc provides an in-depth look at what is driving the evolution of the creator economy into a producer economy. According to Marc, the rise of the producer economy is fueled by the growing number of creators and producers leveraging technology to produce high-quality content and reach new audiences. In addition, the producer economy is characterized by the democratization of content creation and distribution. For example, anyone with a smartphone and a creative idea can reach a global audience with their content. This is a massive shift from the old entertainment industry model, where a limited number of gatekeepers controlled what content was produced and how it was distributed. Marc also shares his thoughts on the current state of the streaming wars, which are shaping up to be the biggest battle for the future of entertainment. Marc's insights and experience in the video technology industry, along with his deep understanding of the evolution of the creator economy into the producer economy, provide us with a valuable glimpse into the future of streaming and the video technology industry. I highly recommend checking out the entire conversation with Marc DeBevoise on Tech Talks Daily.

Media companies like Netflix create content to make money, plain and simple. If it doesn't perform, it isn't renewed or promoted. With this idea in mind, why are B2B marketers creating video content without expecting performance? Jennifer Griffin Smith, CMO of Brightcove, wants marketers to think and act more like a media company. In this episode, Jennifer explains how a successful video strategy isn't contained to large companies with high-production capabilities, the role of user (customer) generated content, and why she believes B2B has a place on TikTok. Are you ready to think more like Netflix? Press play.  Connect with Jennifer: https://www.linkedin.com/in/jennifergriffinsmith/ Learn more about Brightcove: https://www.brightcove.com/en/  Connect with Lindsey: https://www.linkedin.com/in/lindseygroepper/ Learn more about BLASTmedia: https://www.blastmedia.com/

Jennifer Didier speaks with Hayden Orme as she shares how she left the corporate world to become an entrepreneur.  In this process she has developed a system to help individuals as well as companies find their life, work balance. Hayden Orme Bio: For over 13 years, prior to launching her own business, Hayden supported top executives and teams at companies such as Partners Healthcare, Brightcove, Inc., Novartis and McKesson. She most recently managed the office of the Chairman and CEO of McKesson (a Fortune 5 company at the time). Now as an entrepreneur herself, Hayden leverages her corporate experience and her unique “get it” factor. Handled. By Hayden & Co. is a business elevation and optimization firm, providing a unique approach to remote support and business development. Hayden and her Crew utilize their combined experiences and expertise to provide top-notch strategy and high-caliber support for their clients in order to claim their space and authority as Empowered CEOs and create sustainable growth and holistic success for their businesses and lives. They combine elements of strategic consulting, executive assistance, and digital marketing services to give their clients back the time and freedom to operate solely in their zone of genius and joy while delegating the rest. As part of Hayden's vision, her employees are empowered by playing an integral role in the company's mission and are holistically successful. She believes in a culture where everyone is celebrated in what they do best! Hayden is also a speaker, a two-time international bestselling author, an award-winning leader in her field, and a 50 Ton Master Merchant Mariner Captain

In this episode, Jillian Ryan, Senior Director, Content Strategy at Brightcove, talks all things content marketing: content marketing strategyspeaking to and connecting with your audiencegetting your work to rank on the SERPthe importance of ensuring high quality valuable contentrepurposing content for all teams to leverageand so much more.Jillian asked key questions in this episode:How do you measure authentic storytelling?What are you adding to the conversation?And we also discuss: how to handle constructive feedback (and when to ignore it).the transition from journalism to marketingMentioned in episode:StoryBrand with Don Miller: https://storybrand.com/M2M community: https://www.linkedin.com/company/marketers2marketers/Host: Jane Serra: https://www.linkedin.com/in/janeserra/Guest: Jillian Ryan: https://www.linkedin.com/in/jillianryanwriter/If you enjoyed this episode - follow, download, share, and review! Thanks for your support.

On this episode of The Marketer's Journey, I interview Jennifer Griffin Smith, CMO of Brightcove. Jennifer is in her sixth CMO role so far, so she has plenty of words of wisdom to share about what it takes to be a great marketing leader. She also shares her perspective on the realities of virtual engagement today, including advice for adapting to this digital-first landscape and ever-shrinking attention spans.Check out this and other episodes of The Marketer's Journey on Apple Podcasts, Spotify, Stitcher, and Google Podcasts! Key takeaways from this episode:Jennifer truly takes a holistic approach to internal collaboration. Work closely with engineering and product leads within your organization to develop a solid understanding of what the market needs, what the customers want, and how the team can develop a value proposition that sets you apart from the competition.The traditional buyer's journey has evolved dramatically in recent years. Now, the funnel has flipped, which means marketers are tasked with targeting their audience using unique messages and creating advocates. Accomplishing this requires a different technology stack, different resources, and a different mindset overall.The average attention span has changed. Jennifer reminds us that over the past few years, the typical buyer's behavior, daily routines and expectations have shifted dramatically. For this reason, the entire buyer journey needs to be easily accessible, quick, and to-the-point.Learn more about Brightcove here: https://www.brightcove.com/en/ Learn more about Jennifer here: https://www.linkedin.com/in/jennifergriffinsmith/

Televisionation: Friday Fireside, the #1 television industry Webcast, features Rick Howe, The iTV Doctor, in conversation with prominent figures from the advanced-TV/video industry.The Friday Fireside is pleased to welcome Marc DeBevoise, CEO and Board Director for Brightcove. In a broad-reaching conversation, Marc talks about starting one of the industry's earliest streaming services—CBS All Access—and the pure enjoyment of working with the team that brought “Star Trek” back to television with “Star Trek Discovery.” Marc also gives his forecast on the future (and need for) bundling of the wide spectrum of streaming services. A great Friday Fireside with one of the pioneers of the streaming industry!

In this episode, Jennifer Griffin Smith and A. Lee Judge discuss video format and platforms to use for content marketing.Jennifer gives additional insight into two marketers' sayings, "Content is King" and "Every company should act like a media company", Jennifer's role and expertise as the CMO of Brightcove - one of the world's leading video platforms, levels of enterprise video platforms, and remote production.Conversation points: Levels of Enterprise Video Platforms When to advance to the next level Every company a media company: Success examples Polished vs Quick but Effective is there a place for both for large enterprises? Remote Production - What have you seen in terms of its use?  A. Lee Judge is the host of The Business of Marketing podcast.Please follow the podcast on your favorite podcast listening platform.This podcast is produced by Content Monsta - A leading producer of B2B Content.

Analyst/Investor Day - Brightcove Inc.

This week we breakdown all the key numbers you need to know from Q3 2022 earnings from OTT companies and streaming vendors including Disney, Netflix, Paramount, Roku, Fubo, WarnerBros. Discovery, FOX, Vimeo, Brightcove, Fastly, Cloudflare, Altice, DISH, Lionsgate and AMC Networks. Learn the latest D2C subscriber numbers, ARPU per user and how much money OTT platforms are still losing (Disney lost $1.47B, Paramount lost $343M).Companies, and services mentioned: Disney, Netflix, Paramount, Roku, Fubo, WarnerBros. Discovery, FOX, Vimeo, Brightcove, Fastly, Cloudflare, Altice, DISH, Lionsgate, AMC Networks, Charter, Xumo, Tubi, NPR+.Questions or feedback? Contact: dan@danrayburn.com

In this new episode, our special guest Shannon K. Murphy talks about the importance of educating leaders and truly understanding the marketing processes to make the right marketing hire. She follows the conversation by advising young marketers on how to present themselves during job interviews. Shannon K. Murphy is a consultant, speaker and writer. As the founder of Shine Content Strategy, she helps SaaS companies increase their visibility through messaging, content and SEO. An alum of Boston-based start-ups like Brightcove and HubSpot, she has worked in SEO and content since 2008. Shannon champions growth opportunities and higher wages for marketers and writers as a mentor and is a passionate advocate for diversity and inclusion in the technology space. As the fractional CMO of Zomentum, Shannon oversees brand messaging, go-to-market strategy, and co-marketing initiatives. Shannon has helped grow Zomentum from 800 to 4000 customers by better articulating the company value and driving product awareness. With her communication and brand strategy skills, she has continued to evolve the Zomentum story by: bringing together disparate tools into a platform vision, integrating in key business acquisitions and pivoting the product to new markets. The best way to reach her? shannon@shinecontentstrategy.com or https://www.linkedin.com/in/shannonkmurphy/. If you're a MSP or SaaS Vendor looking to scale growth in the Channel, check out the Zomentum Revenue Platform OR follow the Zomentum momentum on Linkedin.

Marc DeBevoise has had a front seat during the video market's streaming revolution. He was a top exec at CBS when the broadcaster surprised the media world in 2014 with the launch of CBS All Access, a service that has since evolved to become Paramount+ following the merger with Viacom and the eventual formation of what's known as Paramount Global today. "In 2013, we started to pitch internally that we needed to go over-the-top and disrupt ourselves," he recalls. He's also been front and center to witness the shift to streaming on mobile devices, the surge of direct-to-consumer streaming services and, more recently, the rise in streaming deals for live sporting events. DeBevoise joins the Light Reading Podcast about five month after becoming CEO of Brightcove to discuss his vision for the streaming tech specialist and to dig into some key trends that are impacting the broader industry. In addition to setting a goal to become "most trusted streaming technology company in the world," DeBevoise is focused on accelerating growth at Brightcove and creating more scale for a business that's evenly split in serving customers in the enterprise and media/entertainment sectors. DeBevoise, an exec also late of Starz and NBCUniversal, believes there's scale to pursue amid a "shift" in the market whereby some of largest media companies around the world are looking to save money on streaming technology and the resources required to support it by hooking up with specialized streaming companies such as Brightcove. DeBevoise also weighed in on several big picture streaming trends, including the rise in sports rights deals and whether the underlying streaming infrastructure is prepared to handle major live events such as Amazon's big deal to live-stream Thursday night NFL games starting the night of September 15. "I think the technology is there to support it," he said. "I think this week, you'll see the audience come in light versus what the TV audience was, just because it's harder to find and there is a section of the population that just doesn't yet embrace this part of the ecosystem, but it'll get there. I have full faith." You can download a lightly edited transcript of the podcast here. If you want to skip around and listen, here are a few topics discussed during this podcast:A rundown of DeBevoise's priorities at Brightcove and his vision for the streaming specialist (00:22) How DeBevoise intends to scale Brightcove's business (5:00) How DeBevoise has identified a shift in the marketplace in which large media companies around the world are seeking to save money on streaming tech, opening a possible door for Brightcove to step in (7:00) What's surprised DeBevoise about the way the streaming market has evolved (17:45)Whether today's streaming infrastructure is up to the task to take on massive, live sporting events amid Amazon's exclusive to stream Thursday night NFL games (24:00) Looking beyond video, an exploration of other apps and services will start to cut into the streaming pie (29:00) Thoughts on why the volume levels for 4K streaming remain relatively small (30:30) —Jeff Baumgartner, Senior Editor, Light Reading Hosted on Acast. See acast.com/privacy for more information.

This week we discuss why FAST services are overrated; the news that HBO Max and Discovery+ will launch as a single service in the U.S. next summer; we highlight the key data you need to know from Q2 earnings from Paramount (added 4.9M Paramount+ subs), fuboTV, (lost 70,000 subs), Lionsgate (added 1.8M Starz subs) and cover earnings from streaming vendors including Fastly, Brightcove and Vimeo. We also discuss why WPP, which is the world's biggest advertising agency group, raised its revenue growth targets for 2022.Companies, and services mentioned: Warner Bros. Discovery, HBO Max, Discovery+, fuboTV, Netflix, Tubi, Pluto TV, Paramount+, Sling TV, AMC Networks, F1, Lionsgate, Starz, Roku, Canal+, WPP, Liberty Media, Altice, Fastly, Cloudflare, Vimeo, Brightcove.Questions or feedback? Contact: dan@danrayburn.com

Joe and Tom are joined by Phil Green, Strategic Accounts - Media at Brightcove. Phil is a sports industry veteran who has spent his career working with the biggest brands in sports and entertainment, including Endeavor, ESPN, MLB Advanced Media, USTA, ABC Sports, and others. Phil talks about the evolution of sports streaming from traditional tv and how it has become more than a viable business. He highlights the potential opportunities in the sports streaming landscape while discussing its current state. Phil shares his insights on consumer engagement and building fan relationships for major and minor sports leagues. He also talks about the emerging trends in the sports media world and how leagues adapt to changing times to stand out in the attention economy. Phil also shares his incredible wisdom on Business Development and offers essential tips for navigating careers. You do not want to miss out on this engaging and insightful episode on The CUSP show. The CUSP Show is a production by the faculty of Sports Management at Columbia University. You can get in touch with the program on Twitter @CU_SPS_Sports. The CUSP Show is hosted by Joe Favorito (@Joefav) and Tom Richardson (@ConvergenceTR). The show is produced by Yash Agarwal '22 (@yashagarwal655), Sam Marks '22, and Connor O'Neill '22, with Jillian Quinn '22 (@JillianMQuinn) and Dominique Smith '22 managing social media efforts.  

Karina Bensko, SPHR, Director, HR Business Partner at Brightcove, joins us to discuss why HR teams need to do more,

In this age of fast-moving, immersive and interactive media, how can marketing professionals maximize their impact on consumers? Jennifer Griffin Smith, the CMO at Brightcove, suggests the answer lies in the power of video. Tune in to hear what strategies Jennifer is championing at the video platform and solutions company and how marketers across the industry can step up their game!Tune in to learn:The importance of storytelling in marketing (4:40) How to start thinking and acting like a media company (6:15)What mistakes are companies making regarding video? (13:50)Marketing Trends is brought to you by Salesforce Marketing Cloud. For more great marketing insights, sign up for The Marketing Moments newsletter. You'll get ideas to help you build better customer relationships, invites to upcoming events, and access to the latest industry research. Subscribe at https://sforce.co/MarketingMoments

Karina Bensko, SPHR, Director, HR Business Partner at Brightcove, joins us to discuss why HR teams need to do more,

Karina Bensko, SPHR, Director, HR Business Partner at Brightcove, joins us to discuss why HR teams need to do more,

This week we breakdown the key numbers you need to know from Q1 earrings reports including updated subscriber and ARPU numbers from Paramount+, Roku, Peacock TV and cord cutting numbers from Charter, Comcast and Verizon. We also detail the revenue growth rate, GAAP net loss/gain from cloud vendors and streaming vendors including Akamai, Alphabet, Brightcove, Fastly, Limelight, Microsoft, Vimeo. Come up to speed on important Q1 earnings you should know about, all in 30-minutes.Companies, and services mentioned: Comcast, Peacock TV, Paramount+, Roku, Amazon, Fastly, Limelight, Akamai, Brightcove, WicketLabs, Microsoft, Amazon Prime Video, NFL, Alphabet, YouTube TV, Vimeo, Charter, Verizon. Questions or feedback? Contact: dan@danrayburn.com

This week we discuss some of the news from the NAB Show, detail some of the products and services we saw on the exhibit floor and talk about the hottest topics discussed at the Streaming Summit. We also detail attendee numbers, some of the NAB's plans for the new show in NYC in October, how engineering teams are building out video applications and what the future of the media business looks like.Companies, and services mentioned: Meta, Agora, FOX Sports, LaLiga, Hulu, Sling TV, Netflix, HBO Max, Eluvio, Livepeer, Brightcove, Mux.Questions or feedback? Contact: dan@danrayburn.com

"Just like you use your dollars with an online payment service, you can still be defrauded USDC. It wasn't the dollars that defrauded you. It was the other side of it." Jeremy Allaire"I actually believe the web of value exchange. Whatever you want to call it, the internet of value is going to be extraordinarily more valuable and extraordinarily more impactful than the web of information." Jeremy AllaireEpisode Summary:In this episode of The Raz Report, Jason Raznick speaks with Jeremy Allaire, CEO of Circle.Hosts:Jason RaznickTwitter: https://twitter.com/jasonraznickSign Up to Benzinga Pro today to receive most exclusive interviews, news and stock picks fast!https://pro.benzinga.com/Click here for more episodes of The RazReport.Disclaimer: All of the information, material, and/or content contained in this program is for informational purposes only. Investing in stocks, options, and futures is risky and not suitable for all investors. Please consult your own independent financial adviser before making any investment decisions.Transcript:BZ: We're very excited to have on this edition of the RazReport, Jeremy Allaire founder and CEO of CircleYou're going to hear about building companies, building enterprises and Circle USDC, which is taking the world by storm in a good way. Jeremy, welcome to the show.J: Thank you, Jason. Psyched to be here.BZ: Circle your latest company, I think you've raised over 700 million over $700 million for it. Is that correct?J: that's exactly right.BZ:When you founded this company in 2013 is it where you thought it would be?J: when we founded the company back in 2013, there were a whole set of ideas that we had about digital currency.We were very excited about this idea that you could build what we like to think of back then as an HTTP of money, meaning like a protocol for money on the internet. And by money we meant traditional money.The liabilities of a central bank, what we think of as everyday money. But convey onto that money, the power of cryptocurrency.So Bitcoin obviously itself brought into the world, this idea of a protocol that could work on a decentralized infrastructure to enable people to directly exchange value in digital cash like way.We wanted to build on that same fundamental technology foundation, but enable people to exchange, stable value assets, like dollars or Euros. And we believe that a kind of protocol layer for money would eventually become possible on top of these blockchain infrastructures. And that was a core mission and goal from the outset.We experimented with realizing that idea through building on a lot of, kind of digital currency banking infrastructure, we built a consumer facing application that kind of brought that to life. We actually built it on top of Bitcoin, which was the first-generation blockchain that was available back in 2013 and 2014 and 2015. And in during that time period, and then eventually in 2016, when ethereum, which is the second generation blockchain technology really emerged, it introduced more of the building blocks that we had been looking for back in 2013, when we founded the company.ETH allowed us in 2017 to begin work on and then also release what's now known as USDC, which is in fact the protocol for dollars on the internet and eventually other Fiat currencies too. But founding vision was there, the path to it obviously takes many, shifts.The metaphor I like to use is you can see the mountaintop. You can literally, standing far back, you can see that mountain top and how beautiful that looks, but you actually don't know how you're going to get to the top of the mountain. And you may actually go up one path and realize, oh, I'm staring over a cliff. I need to go back down and go up another.BZ: Ethereum is what allowed you to go create USDC?J: So back in 2012 and 2013 there, there were a lot of technologists or not a lot, actually back then, there was a lot now, but there were technologists getting involved in this space. And a lot of us got really excited about ideas issuing other assets on top of the blockchain or smart contracts and programmable money and what it would mean if you could have if you could say issue a dollar token and have a smart contract that could enable the programmability of that was like a mind-blowing concept.Early in my career, I worked on programming languages, app development, infrastructure, developer platforms, content infrastructure, lots of things like that. And so had a background in thinking about, developer platforms and the idea of a developer, an open infrastructure that was like a developer platform for money on the internet was super exciting. And so there were a lot of ideas on how to do it in 2013. It just technically wasn't possible.The history of Ethereum is really relevant here because Vitalik, who also was really excited about a lot of these ideas of how you can extend this kind of blockchain infrastructure to do other things. A lot of people thought that might happen that Bitcoin itself as an open source project would evolve to do those things. But there was an ideological battle between those in the core development community who really wanted to keep Bitcoin simple and focused on being a kind of digital gold store of value.Then there's a whole other group of technologists that wanted to advance this into being something that's more like an operating system that you could build a lot of things on top of including things like protocols for stable coins,DEFI, NFTs, DAOs all these things that have emerged. So it was really that kind of forking off and development of a new infrastructure layer that then made it possible to pursue and execute something like USDC.BZ: Jeremy, where did you grow up?J:I grew up in a small town in Southeastern Minnesota, a town called Wynnona Minnesota. I went to college in the St. Paul McAllister college and studied political science philosophy and a concentration in economics.I got introduced to the internet in my dorm room, literally in, in 1990 had a high-speed internet connection, which in 1990, there was not a lot you could do on the internet, but I was down the rabbit hole became completely obsessed, made all of my educational work about it and started using it in my studies around what was happening in the former Soviet Union and what was happening in the sort of changing revolutions around the world and got me excited about the idea of an open network, open permissionless networks, decentralization, disintermediation, a lot of these themes that still show up today in the internet space got me into it. And then graduated college there and started working on my first company.BZ: Did you ever go to Mall of America when you were growing up?J:So mall of America merged when I was a little bit older, I think when I was in college.BZ: But as a kid, did you have side hustles where you like selling the newspaper? Like Mark Cuban was doing the garbage bags? Were you doing that?J: I was a paper boy, that was my first job if you want to call it. But I actually had, I got really lucky in a sense when I was a teenager. I convinced my parents to take, like some, a small amount of money. I had been passed down to me from my grandparents and was in like mutual funds, which was a big deal in the eighties. You had mutual funds. I convinced them to let me invest it into baseball cards.So in the kind of mid to late eighties, I ran Southern Cordillera sports cards. So I ran a trading operation and I would deal and I would go and basically do baseball cards. So that was my side hustle that helped me pay for my spending money in college.BZ:Did you have tables ? So you'd buy cards, flip them and did you make some decent money doing it?J:Absolutely. Yeah, so I took long positions. Okay. On on term sort of players. Mark McGuire, Jose Conseco, that's just some of the big onesBZ:What was one of your best trades?J: Brett saberHagan was, 19, he had just an incredible record and I like accumulated a huge bunch of those. And then that was a short-term trade. I keep thinking in a bunch and then flip them at a huge increase in value as everyone wanted the Brett Saberhagen for a piece that I think that was one of the best one of the best trades I did.I would do arbitrage.That's where I go to these shows. find someone who really, wanted X and I would just run around and find it, buy it for Y and then turn it around. So there's that. And then, I had I still have a fairly sizable collection.BZ: How did you get involved in internet in college?J: I had a T1 which was basically like a hard wire, it was effectively ethernet, but hardwired into a campus that were, and, campuses where some of the only places that had access to the internet for research purposes. And a T1 was, even now was whatever, I, that was back then 1.5 megabits per second, which was really good.BZ: You're in college and you're exploring this whole open network of sorts were your parents supportive of that?J: No, not at all. They were like, I don't know what this is. I don't understand this.I graduated college in 1993 the tail end of the first Gulf war recession.. I studied, what I would thought would be interesting to help understand the world and whatnot. And so I was like temping and but, and, on the side I was just going deeper and deeper into the internet space.And and I remember coming home, I quit my temp job and said, fuck this, I'm going to be an internet consultant. I called myself, which was basically like helping educate people about how businesses, how to use the internet and actually, working on the very, very first websites, this was before, even like Mosaic was out, was hacking around.Basically how helping organizations figure out how to build stuff from the web. And I went home and my father was just so distraught and just so afraid that, he didn't understand any of it. And he was like, this isn't a job, so concerned. I was following my bliss and it was good timing in 1993 to be really going down that rabbit hole and learning all the technology and figuring out what it was to. Build stuff back then. That led to the Genesis of some of the first products that I helped build and create.BZ: You called yourself an internet consultant?J: So there all these people learning HTML, and then in 1995, more people.I really wanted to be able to do interactive apps where you could connect a database, you could have interactivity. And my idea was that anyone should be able to build a global online service because back then, like the idea of an online service was you had to have AOL, or you have to have, CompuServe or whatnot.But I was convinced that an open network that anyone could publish to or any device could connect to, it would be a lot better. And so working with my brother, who's a much more of a computer scientist than I am, became the product manager designer for cold fusion and hidden the kind of chief architect. And we ended up working through a lot of ideas and building essentially the first easy to use web programming language and what is now known as an app server, an application server, one of the very first commercial app server, which basically was a piece of software you can put on a machine connected database, do transactions, dynamically generate webpages. And, that paradigm now, is everything from SAS and content management and everything else on, on the internet. So built that and, got super passionate about enabling developers to dream what they wanted to build on the internet, everything from content to community, to e-commerce, to all kinds of things and built, developer platform business.I find it, you can find it out there.There's still millions of sites with that are still run by that it's now owned by Adobe. That product line is owned by Adobe, which bought Macromedia, which is I merged my first company or we merged layer into Macromedia as public company.BZ: And when you started Cold Fusion, you and your brother, what'd you call the coming like the layer corporation?J:.We had a whole family of products. We had the most popular HTML web development tool in the world Homesite.Literally millions of developers use Homesite. So most websites in the 1990s were built using that. And it was one of the reasons why Macromedia wanted to acquire us because they had Dreamweaver and Dreamweaver was really popular with professional designers.But like the average Joe or Jane would get Homesite it was free. And it was like super powerful HTML editor. And so we had millions of people using that.So no, like no one used front page, because it was so awful because it forced you into like these templates you couldn't get control. So Homesite was like gave you access to the HTML and made it really easy to edit the HTML. And we gave it away for free. It was like a feed, it was a freemium product. We wanted to get it out there. And then we got other people into our more advanced products.BZ: So you were doing freemium before, that was even a word. Okay. Did you raise money for Cold Fusion?J:I think it was three rounds of venture capital and then like a mezzanine financing. And then we IPOed in January of 1999.We were a public company on NASDAQ for 2 years. And in January of 2001, we merged with Macromedia, which was about three times larger than us. And merged the two public companies. And I became the chief technology officer of Macromedia.BZ: IPO process versus the M&A process? Which did you like better?J:I like building. And operating. I I like that a lot. it's interesting, there are times and places where M&A makes sense both as a buyer and as a seller, obviously the vast majority of outcomes and business are some form of merger transaction typically or in bankruptcy. So the number of companies that remain independent is smaller.But I think both had a lot of advantages back at that period of time merging at the time was a really good thing for our company and actually gave us a much stronger platform that was, as you recall, when 9/11 happened and the entirety of the certainty of the market, and really the demand for internet software and stuff collapsed alongside the collapse of the.com.BZ: So Brightcove, how did you get to start that?J: So in 2002, when I was chief technology officer Macromedia, we put the ability to render video and PR and have video as like a programmable object in something called flash player and flash player at the time was the most ubiquitous piece of software in the history of the internet.98% of computers in the world had it. We could actually upgrade the internet to a completely new virtual machine that essentially like a new client in like less than 12 months. So we put video in and it was right before broadband came out and like for consumers.And it was really clear to me looking at broadband wifi devices that can be connected to those.And then having a ubiquitous playback mechanism for video. I got really excited, started incubating ideas inside of Macromedia for basically self publishing, self video publishing type of applications actually built something internally that the company did not want to bring to market. I was really frustrated.My vision was video's going to become as ubiquitous as text on the web. Everyone's going to become a video publisher. Every business is going to be able to distribute television quality video to devices everywhere. And so this was in like 2002, 2003. And so I got frustrated and left, went to a VC as a technologist and resident general catalyst and incubated brightCove.And then founded it in 2004, really with this idea that again, video was going to become as ubiquitous as texts on the web and that you needed a new generation of publishing platforms for it. That could integrate everything that was needed for either a brand like a corporation. Or an organization or a media company itself to basically do direct distribution of television instead of relying on cable and satellite and all the old ways and transform other media companies who work in television and video into being into television and video. So it was a video platform company, a SAS company, as we now call these and founded it in 2004.it had a really nice growth run. And I took it public in early 2012. And then stepped into a chairman role after about a year. Cause I had gone down the crypto rabbit hole in 2013 just became obsessed with.What was going on in crypto and made a decision to basically, start Circle.BZ: Mark Cuban emailed me a question, Mark Cuban's known you from his tech days. His question is "what did you learn from your layer or your database days that you are applying today?"J: it's actually really relevant. As I talk about the inspiration for circle and what, I've been inspired by, , in this space. in, in many ways, right?What got me super excited about the internet in the first place was this kind of obsession with the idea of the internet itself, being an open network that was permissionless that anyone could bring a computer to and connect, and that anyone who did that could take open protocols like the SMTP protocol or the HTTP protocol or the VOIP protocol, or these sort of protocols, which are really just public IP, intellectual property, that's open source it's in the public domain.People can write software to it and that you could connect anyone anywhere through these protocols and do really amazing things in terms of information, exchange, knowledge, exchange communications so powerful. That's what drew me into the internet in the first place and kind of an obsession with open networks, decentralized and distributed model.What that could unleash and really a belief that architecture could maximize access and could maximize the ability for people to to reach the most people in the world and entrepreneurship and ideas. So that's what kind of, that was what informed. The work around cold fusion back then. And so if I fast forward to crypto, that was fundamentally the insight for me in 2012 and early 2013 was this is just like a replay.This is just another open protocol on the public permissionless internet that solved a set of problems that hadn't been solved before, which was a way to ensure that data could not be counterfeited. And that transactions could happen in with certainty in an irreversible way without requiring centralization. And these are big ideas and it was like a fundamental new infrastructure layer. The internet was being born. And so when I looked at it and said, okay, This is going to do for the exchange of value. And I don't just mean moving value from point a to point b, I'm talking about the richness of what we do in exchanging value.As people, as entities, as corporations it's going to do for the exchange of value, what the web and those earlier protocols did for information and communications.And to me in 2013, like that was so profound because I actually believe the web of value exchange.If you want to, whatever you want to call it, the internet of value is going to be extraordinarily more valuable and extraordinarily more impactful than the web of information. And so it very much informed how I think about this and the work that we're doing here.BZ: When you started Circle, did you start with anyone else?J: I co-founded, the company was Sean Neville. Sean is absolutely brilliant. He he co-led the company with me almost like co-CEOs for a long time. And then several years ago, he just stepped into a director role. He's on the board of directors and he runs a crypto incubator, a crypto kind of studio incubator.But he and I had worked together back Allaire, my first company we worked together a bunch at Macromedia. We worked together and bright Cove. He's just one of the most brilliant minds technological minds, strategic minds, creative minds.BZ: Was Circle easier to raise money for than your previous ventures because of your huge track record of success?J: When we started the company, I went to people who invested with me and who had made money with me in the past and said, this is what I'm working on. And they're like, Bitcoin I don't get this. You're crazy. This seems crazy. But. We believe in you, so go for it. I mean that kinda kind of thing. So it definitely helped.2013 and then 2014, 2015, during that time, there were not a lot of quote unquote adults in the room, in the space. If people think it's a wild west, now it was an extraordinary wild west back then. And we had, seasoned entrepreneurs, technologists.We had a really strong proactive approach with regulators with kind of major fiduciaries and really worked really hard to try and build something that was compliant and that, differentiated us as well and allowed us to raise quite a bit of capital. I think, a couple hundred million dollars within our first few years of getting started.BZ: And were you personally buying Bitcoin back in those early days?J: Yeah, absolutely. And buying ethereum and when it was less than a dollar. Like Solana and it was less than a dollar.BZ: Do you still own some of that?J: I am a owner of crypto assets. I don't talk about my particular trading and liquidity strategies, I'm quite structurally long on crypto.BZ: How would you define a stable coin to a fifth grader ?J: On the internet today, I can download a piece of software like WhatsApp or or log into a service like Gmail. We're open up Google Chrome, and I can connect to anyone else. Directly, I can have a direct communication with them. It doesn't cost me anything. It doesn't matter where they are in the world.As long as they have a smartphone, they can get that piece of software. We can do that. Or if there's someone who has an idea and wants to connect their computer, the internet and put some content on it, as long as I have a web browser, I can connect to that. And that's generally the case other than, some authoritarian regimes that have great firewalls.But even there, like it's generally the case, you can connect to anyone. I can freely communicate with anyone in China right now. And that model is so straightforward. It's the air we breathe. We don't even think about it. the fact that this kind of open connect and open permissionless, global decentralized network of communications and information exists. So why can't we do that with money?Why can't we have a way. Someone can just download a piece of software from an app store. And and then someone else could download a different piece of software made by a different creator or a different piece of hardware, or log into a service and exchange value with each other instantly globally frictionlessly at no cost. it's really that simple is how do we make it possible for storing, moving dollars or digital dollars to work in exactly the same way we have with information and data. And that's what we set out to solve is that problem and doing it on the DNA of the internet, doing it around this idea of an open protocol that anyone could connect to. So that's really the fundamentals of what USDC allows for. And, but I think. Yeah the idea goes far broader because you now have essentially an open API for dollars on the internet and it's programmable dollars on the internet. And so you can do a lot with that. And the use cases are really exploding,BZ:How big is USDC these days?J:So USDC has grown really fast at the start of the pandemic, there were about 400 million USDC in circulation that was just like, let's call it six months. Or, there's a year after or so after we had launched.Then it grew to 4 billion in circulation by the start of 2021. And it grew from 4 billion to 42 billion in circulation. At the end of 2021 and it's already grown to to over 52 billion in circulation, just in the past couple months here.And so USDC is about that big and I supported, trillions of dollars of transactions. Just on the public internet using blockchains. And it's still early days. It's super early days. Our view is that eventually there could be more than a trillion USDC in circulation and could be used for every imaginable use case for money and use cases that we haven't even thought of because programmable money is not existed until now.BZ: How can USDC offer such nice interest rates when banks are giving 0.5%?J: Look so if you think about. And you have a kind of base layer, which is the sort of digital cash equivalent of USDC. And it's a regulated, digital cash instrument that exists. And it's very easy to exchange, right? With point to point as your friends or others, that you've talked to really straightforward to send it, receive it, use it.And it's become very popular as a digital currency to use in trading, investing, international payments, other things. And so as its utility has grown and as more and more people and firms want to use. +As a form of working capital as a new kind of electronic stored value working capital mechanism, there's higher and higher demand for people who want to borrow it. And so one of the really powerful things about blockchains is not only do they allow these fast transactions to happen, but you can actually build essentially, borrowing and lending models on top of it.And so there's grown over the past in particular, the past several years, the last two to three years, large, both centralized, what are often called CEFI lending markets and what are called DEFI lending markets, where the market of borrowers and lenders is convened by a piece of software on the internet. So you're not dealing with a company you're just dealing with a protocol, but nonetheless you have essentially interest rate markets of borrowers and lenders.The demand to borrow USDC is high. And the interest rate that borrowers are willing to pay is high. And that is the source of those yields. Basically you have borrowers and to put it fairly simply the other side of that borrowing and I'll use circle yield as an example, because it's the one I understand probably the most you lend us USDC and we lend it wholesale to institutional borrowers. So these are in fact, hedge funds, family offices, systemic trading firms, electronic markets, firms, or other major firms in the ecosystem that want to operate using USDC. And these are firms that are borrowing at a high interest rate, but who are generating returns in north of that.An 8% interest rate to borrow at an 8% interest rate or borrowed 10% interest rate. That's not unheard of in a lot of things. Our credit cards are 20% interest rates or 17% interest rates. venture debt, which is what startups borrow typically have interest rates of, 10, 12, 13, 14% on them. interest rates in securities lending markets, which is the interest rates that say an institutional fund would pay to borrow against their stock can be fairly high now, corporate debt that's underwritten where a corporation's borrowing against their balance sheet and their P&L and it's underwritten by an investment bank and has a coupon and rating. So that tends to be a lower interest rate debt product.But generally when you look at interest rates that people borrow, right? They vary from, most single digits to high double digits or higher. And so what you have in USDC is you have a borrowing lending markets that exist at the retail and institutional level, and those are floating right now. So in DEFI right now, you can borrow you can borrow you USDC I think for 3%. the interest rate markets adapt to kind of market conditions and demand.BZ: How secure is my money in USDC ?J:The thing to remember is USDC itself is is regulated examine it's the USDC itself is A full reserve dollar digital currency.Now, if you're lending your USDC to someone else you're determining what is the credit risk that I'm taking with, who I'm lending to. It has nothing to do with USDC. It has to do with what are they doing with it? So there are some major differences, right? Are you a secured creditor or are you an unsecured creditor? is this unsecured credit that's then being used to do highly speculative trading or is, this secured credit with known institutional counterparties? So you're dealing with a huge variance.I like to use the example of a bank, right? If you walk into a branch of Chase and you say here's $10,000, you're depositing, and you're not depositing $10,000, you're lending chase $10,000.And you have a balance that says $10,000. But actually what you have is you have a claim against their loan book. They're taking that $10,000 and they're lending it out eight times over. And you're basically saying, Hey, I think that they're going to be good for that, that the small business loans, the credit card loans, the home mortgages, the corporate debt, all the stuff that they're doing to take my money and lend it out on a fractional reserve basis eight times. But fundamentally, you've got an IOU and now, you might look at a dollar that you've deposited and chase really different than s let's say you went to a bank in Zimbabwe and they said, you can deposit your dollars. And you say I don't know, what are you going to do with my dollars? And so it all comes down to, w what in fact are you w what, in fact are you seeing on the other side of that?So we've tried to design something with circle yield, which is very institutionally friendly. It's regulated, it's supervised it's over collateralized and it only, faces the best quality institutional wholesale borrowers on the other side. And so we've just tried to build some. I think the kinds of features that make it attractive, it doesn't produce the highest yields. It doesn't produce the same yields you might see through some of these retail platforms, but there's a reason for that.BZ: Is there a chance of defaulting?J: this has become a major issue from an investor protection regime, right? So very clearly, like I think the SEC, his view is that these are lending products. They're not banks. And in fact, for the average person they're basically making an investment and a lot of these are offered as an, they're unregistered investment contracts in a sense. What is an S1? And that's one is a public disclosure document that a retail investor can read and understand. And you can decide, you can read through the S one and say what are the risks? What is this? What am I actually getting into here? And so that's fair disclosure. So that's people and, the review of a major regulator the SEC.And so that's one, one standard to look at, there are others that, don't have any of that. And so you don't actually know what the underlying risk is other than the reps that are made through marketing, or maybe some high level stuff. And so I think you have to, you have to look at this through, through that lens. now DEFI is a different story. if you get USDC. DEFI protocols have some advantages to them. But they also have a whole lot of risks to them as well.There've been DEFI protocols that were hacked. And this is like software and all of a sudden the money is managed by software and the software gets hacked and they, that's gone, but you have some, defined protocols that are more pressure tested. There's probably going to be more and more disclosure audit type requirements on defy protocols over time, as well as the market participants want to have better hygiene around them. I think, buyer beware on all this stuff.BZ: USDC has a brand. So do you talk to these exchanges to make sure that they're trying to make sure that borrowers are good ?J: Because USDC is a free floating digital currency it can be utilized in so many different applications in so many different businesses and so on. And you've got, electronic markets firms that might be.Doing a trade with someone with USDC for $300 million in one transaction, you've got other, NFT markets that are utilizing USDC for payments on pieces of digital content and the, and those are, multiple layers removed. it is important though, that we need to always ensure that people understand USDC as a dollar digital currency itself is safe, stable, transparent regulated, compliant, all these things.Just like you use your dollars with an online payment service, you can still be defrauded. It wasn't the dollars that defrauded you. It was the other side of it.BZ: Do you have a minute to talk CND ?J:We initially negotiated a merger with Concord acquisition and business combination agreement in July of last year.And getting through the SEC qualifications taken a bit longer than we had expected. We had thought it would be, consistent with other spots4-5 months it's just taken longer and which is fine, and we're getting through it. We're making progress through every round of comments. But as we walked into the new year the business outlook has changed pretty significantly. The company grew USDC really rapidly. We're in a rising interest rate environment.Our transaction and treasury services businesses are taking hold nicely. And so we looked at the actual deal was set to expire in April. And so we we re-negotiated the deal.We extended the timeline so that it had enough time to get through the dispatch and the, in the sec process.We also eliminated the pipe from the first year. we also issued revised financial outlook for 2022 and 2023, which are considerably stronger from from a both a top line and a bottom line perspective from where we were, nine months earlier or whatever that exact timeline is.And so the increase in the value of the company is really reflective of the tremendous position that we've put ourselves in with the business and obviously the new outlook.Support this podcast at — https://redcircle.com/the-raz-report/donationsAdvertising Inquiries: https://redcircle.com/brandsPrivacy & Opt-Out: https://redcircle.com/privacy