In this episode of The Eisman Playbook, host Steve Eisman talks with Michael Nathanson from Moffett Nathanson about the shifts in the media landscape sparked by Netflix. The discussion delves into how Netflix's international expansion upended traditional media models and how cable networks responded. They also explore the financial impact on companies like Disney and Warner Brothers, highlighting Netflix's current dominance in the streaming wars. Additional conversations cover the challenges for Google and Meta in integrating AI, the state of the cable industry, and media company consolidation. The episode concludes with recommendations on new and old streaming shows to watch. Watch this episode on YouTube: https://youtu.be/BPHQ8GpRAts Key Episode Moments: 00:00 Introduction to the Eisman Playbook 00:04 The Evolution of Media Markets 00:53 Welcome to the Podcast 01:45 Market Reactions and Guest Introduction 03:10 The Rise of Netflix 04:51 The Golden Age of Cable and Film 06:55 The Impact of Competition and Pricing 10:53 The Streaming Revolution 13:43 The Decline of Traditional Media 21:30 The Rise of Streaming Giants 33:45 The Global Scale of Netflix 39:56 Market Challenges for Warner Brothers and Paramount 40:55 Apple's Content Strategy and Challenges 43:54 Disney's Market Struggles and Streaming Strategy 47:26 Disney's Handling of Star Wars and Marvel 54:07 AI and Its Impact on Google and Facebook 01:07:13 Cable Companies in the Modern Media Landscape 01:12:14 TV Show Recommendations 01:15:50 Conclusion and Closing Remarks Michael's company website: https://www.moffettnathanson.com/ Follow Steve Eisman and The Eisman Playbook on social media: X (Twitter): https://x.com/EismanPlaybook – Stay up to date with Steve’s latest insights YouTube: https://www.youtube.com/@TheEismanPlaybook– Subscribe for exclusive video episodes and expert breakdowns TikTok: https://www.tiktok.com/@eismanplaybook – Get bite-sized investing wisdom and clips from the show Instagram: https://www.instagram.com/eismanplaybook– Behind the scenes, quotes, and episode highlights Website: https://www.eismanplaybook.com – Full episodes, articles, and more 👉 Don’t forget to follow, subscribe, and share the show with someone who needs to hear it. Episode Production Credits Producer: Collier Landry Producer & Publicity: Steven Cohen, Next Horizon Media Post-Production Services by Don’t Touch My Radio Disclaimer: The financial opinions expressed are for information purposes only. The opinions expressed by the hosts and participants are not an attempt to influence specific trading behavior, investments, or strategies. Past performance does not necessarily predict future outcomes. No specific results or profits are assured when relying on this content. Before making any investment or trade, evaluate its suitability for your circumstances and consider consulting your own financial or investment advisor. The financial products discussed in ‘The Eisman Playbook' carry a high level of risk and may not be appropriate for many investors. If you have uncertainties, it's advisable to seek professional advice. Remember that trading involves a risk to your capital, so only invest money you can afford to lose. Derivatives are unsuitable for all investors and involve the risk of losing more than the amount originally deposited and any profit you might have made. This communication is not a recommendation or offer to buy, sell, or retain any specific investment or service. Learn more about your ad choices. Visit megaphone.fm/adchoices