The following is excerpted from the question-and-answer section of the transcript.
(Questions from industry analysts are provided in full, but answers are omitted - download the transcript to see the full question-and-answer session)
Question: Dan Kurnos - The Benchmark Company LLC - Analyst
: Great, thanks. In the middle of trying to email you guys a bunch of questions just in case didn't come back up. Josh, you put out some comments
in the prepared remarks around the normalization outlook for backlog of shows.
You gave plenty of color in your prepared remarks, but I guess ultimately your view on where quantum of content ends up coming out, and you
talked about all the shifts in the streaming landscape, which we always talk about, but just to the extent that you feel that the base business grows
with your core brands over the next five years, that's still the viewpoint. I just want more color on what you're seeing out there, the conversations
you're having on sort of the quantum of content.
Question: Dan Kurnos - The Benchmark Company LLC - Analyst
: No, it's very helpful. Josh, I appreciate it, and I'll follow up with a couple more offline on that. But on the FAST point, obviously, we're super close
to the FAST industry in general. Appreciate all the color you gave. I'm kind of curious on your go-to-market strategy, because FAST domestically is
still primarily direct sale process, but FAST internationally is becoming more programmatic.
And you talked about kind of unlocking ad dollars and that the kids channel is particularly hard, and we know why, obviously around brand safety
and et cetera, but just kind of curious if what investments you're making and how you're thinking about building out the sales force to more rapidly
address that opportunity set for you guys.
Question: Dan Kurnos - The Benchmark Company LLC - Analyst
: Great. Just the last one on the non-core asset sales, Josh, and I'll step back if there are others in the queue. Has your view on how much you could
raise change, has the things that you're willing to sell or not willing to sell changed? I know you said there's no delta in the outlook on what you're
trying to achieve, but has the underlying assumptions of what's available valuations, any of that stuff changed for you?
Question: Dan Kurnos - The Benchmark Company LLC - Analyst
: Super helpful and Nick, thanks for all the color, too. Appreciate the incremental insight on '25.
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