The Media Odyssey

Evan Shapiro & Marion Ranchet

Each week, two of media’s most influential thinkers, Evan Shapiro & Marion Ranchet, take on the hottest media topics with their hottest takes, helping their audience chart a course through the maelstrom that is today’s Media Odyssey. Based in the US, Evan Shapiro is the Media Industry’s official Cartographer, known for his well-researched and provocative analysis of the entertainment ecosystem in his must read treatises on Media’s latest trends and trajectories. Marion Ranchet, French expat based in Amsterdam, has become the industry’s go-to expert in all things streaming, building a following for turning even the most complex problems into easily digestible and actionable insights. Ranchet and Shapiro are known for their sharp-yet-accessible content on Media consumption, audience trends, and the shifting fundamentals of the business itself. Even during the toughest of topics, they each make talking about Media fun. Together every week, these two will offer entertaining, often humorous, and always educational content on today’s Media Odyssey.

  1. 4d ago

    THE SECRET TO HALLMARK'S BILLION-MINUTE FANDOM

    Hallmark makes 100 movies a year in two to three weeks each, has a 70,000-person waitlist for its annual cruise, and received 84 million views in its first year on YouTube. The 116-year-old, family-owned brand shows how fandom, formula, and a “One Hallmark” ecosystem keep audiences loyal across TV, streaming, and live events. This episode of the Media Odyssey Podcast, recorded live at MIPCOM, features hosts Evan Shapiro and Marion Ranchet with Jon Sichel, head of distribution for Hallmark Media. They discuss Hallmark’s YouTube strategy and the launch of Hallmark Movies on YouTube, the Hallmark+ streaming membership, and the Hallmark Channel turning 25. They also cover the brand’s global expansion and licensing strategy, the Hallmark movie formula, and why sticking to a clear brand identity and putting fans first beats trying to be everything to everyone. Key Takeaways: 1. YouTube Finds a Younger Hallmark FandomHallmark Movies launched on YouTube in October 2025 and has already seen 84 million views and about 2.6 billion minutes of viewing time. Jon Sichel explains why the audience skews younger than the typical TV viewer. 2. One Hallmark: The Fan FlywheelFrom 1,000 retail stores to Hallmark+ to a cruise with a 70,000-person waitlist, Hallmark moves fans across every part of its business. YouTube viewers are pointed to Hallmark+, the streaming service, where members get store discounts, free cards, unlimited e-cards, and access to events like a Kansas City Christmas Experience that draws 100,000 visitors. It’s more a membership than a subscription. 3. The Playbook Behind 100 Movies a YearHallmark makes about 100 movies annually, roughly 40 of them holiday films, shot in two to three weeks each. The company doesn’t spend $30 million per film, and Jon Sichel says tax credits, tight budgets, and a tried-and-true production approach make the volume possible 4. Going GlobalHallmark licenses select content to Netflix and Peacock, including earlier seasons of The Way Home, to introduce fans and bring them back to its own platforms. The company is in 145 countries with partners including TF1, Corus, RAI, and Sky, and it mostly dubs its films in over 50 languages. Sichel shares why taking Hallmark+ abroad is a top priority. 5. Why Staying Private MattersHallmark is family-owned, with the grandsons of founder J.C. Hall still active in running it, and it has declined offers to sell. Sichel says that not reporting to Wall Street each quarter supports a culture of reinvestment and innovation. Thank you to Jon Sichel for joining the pod! Jon Sichel - https://www.linkedin.com/in/jonathansichel/  Hallmark - https://www.linkedin.com/company/hallmark-channel/  Interested in sponsorship? https://forms.gle/2LCWfX2HBNT8mtpx8   Connect with us on Linkedin: Evan Shapiro - https://www.linkedin.com/in/eshap-media-cartographer/   Marion Ranchet - https://www.linkedin.com/in/marionranchet/   The Media Odyssey Podcast - https://www.linkedin.com/company/the-media-odyssey-podcast     (00:00) - Podcast Introductions (00:51) - Hallmark Plus Preview (01:58) - Hallmark Origin Story (03:54) - Hallmark Formula Scale (04:50) - YouTube Expansion Strategy (07:10) - Fan Flywheel Experiences (08:49) - One Hallmark Ecosystem (14:15) - Owning Christmas Worldwide (17:16) - Global Distribution Plans (21:51) - Private Company Advantage (27:20) - Playbook Not Formula (29:05) - Closing Thanks

    THE SECRET TO HALLMARK'S BILLION-MINUTE FANDOM

  2. Oct 22

    WHY BROADCASTERS ARE PARTNERING WITH THE PLATFORM THEY ONCE FEARED

    Three years ago RTL Deutschland had no relationship with YouTube. Today, 200 old episodes of a 1996 action series are driving 123% more first video views and 26% more subscriptions on RTL+. This YouTube and RTL partnership case study shows how legacy TV can monetize its back catalog and grow streaming subscriptions. This episode of the Media Odyssey Podcast features Evan Shapiro in conversation with Pedro Pina (Vice President of YouTube EMEA) and Stefan Schmitter (CEO of RTL Deutschland). They discuss how RTL treats YouTube as a partner of equals instead of a threat, and why the cannibalization fear doesn’t hold up. They also cover YouTube monetization and revenue share, the Cobra 11 catalog strategy, Ad Alliance and the packaging of YouTube, linear TV, and streaming ad inventory, creator collaborations, and news on YouTube. Together they make the case for a “third golden age of television” built on thinking like a creator. Key Takeaways: 1. YouTube Is a Partner, Not the VillainRTL had no YouTube relationship three years ago and now treats it as an additional channel with a clear role, strategy, and room for trial and error. Stephan argues that audiences increasingly live in “bubbles” (YouTube, Netflix, Amazon, TikTok), so a traditional media house needs partnerships to reach younger age groups. On the other hand, YouTube doesn’t produce content, so it only succeeds when its partners do. 2. Cobra 11 Turns a Burnt-Out Catalog into a Subscription FunnelRTL put about 200 full episodes of the action series Cobra 11 (on air since 1996 and sold to 120 countries) on YouTube after they had run out of value in its own ecosystem through repeated reruns. The episodes earned around 30 million views in 365 days from an audience that is 83% male and about 30 years old on average. The content produced 123% more first video views on RTL+ and about 26% more RTL+ subscriptions, and Evan notes it all happens one click away from the YouTube app on the TV screen. 3. Ad Alliance Packages YouTube, TV, and Streaming InventoryRTL’s Ad Alliance sells advertisers a combined package of RTL+, RTL, Sky, and YouTube inventory, pairing RTL+’s female-leaning audience (34 years old on average) with YouTube’s younger male audience. Stephan says revenues are significantly up, with near double-digit millions in incremental money and a clear path with YouTube through 2030. Pedro notes that partners selling their own inventory with their own sales forces achieve higher CPMs, especially on the big screen. 4. Experiment, Don’t Abandon Linear, and Build a Creator FlywheelPedro’s lessons from the partnership are to be willing to change, to experiment freely on YouTube, and to remember YouTube is not the only solution, since free-to-air and linear TV remain an important chunk of the business. Stephan adds that YouTube’s creator network can supply pre-shows and highlight content RTL cannot produce itself, while creators gain validation by appearing on shows like Let’s Dance and I’m a Celebrity... Get Me Out of Here! 5. News on YouTube Reaches Audiences Where They AreWith 52-54% of the world getting news from social video or social media, RTL put its N-TV news channel and short-form videos made with journalistic creators on YouTube, which Schmitter calls part of RTL’s responsibility in the democratic system. Pedro says traditional players leaning in broadens the range of voices heard, citing the BBC becoming the largest English-speaking news channel on YouTube, and notes YouTube’s recommendation systems give authoritative news sources special placement. Thank you to Pedro Pina and Stephan Schmitter for joining the pod! Pedro Pina - https://www.linkedin.com/in/pedro-pina-06a413/  Stephan Schmitter - https://www.linkedin.com/in/stephan-schmitter-08016038/  YouTube - https://www.linkedin.com/company/youtube/  RTL Deutschland - https://www.linkedin.com/company/rtl-deutschland/  Interested in sponsorship? https://forms.gle/2LCWfX2HBNT8mtpx8   Connect with us on Linkedin: Evan Shapiro - https://www.linkedin.com/in/eshap-media-cartographer/   Marion Ranchet - https://www.linkedin.com/in/marionranchet/   The Media Odyssey Podcast - https://www.linkedin.com/company/the-media-odyssey-podcast     (00:00) - Welcome and Setup (00:48) - RTL Showcase Reel (01:58) - Beyond Cosplaying Digital (03:17) - Additive Reach Not Cannibalization (05:22) - YouTube Platform Partnership Model (08:26) - Cobra 11 Full Episodes Case (12:04) - Fandom Flywheel and CTV Monetization (14:21) - Ad Alliance and Premium Inventory Sales (17:34) - Advertiser One Stop Shop Strategy (20:01) - Lessons for Legacy Media Partners (24:00) - Creators Meet Broadcast Flywheel (25:20) - News on YouTube and Democracy (29:07) - Closing Thanks and YouTube Message

    WHY BROADCASTERS ARE PARTNERING WITH THE PLATFORM THEY ONCE FEARED

  3. Oct 15

    FINDING YOUR AUDIENCE FROM THE COUCH TO THE TOILET

    Premium streaming lost 89% of the subscribers that signed up for new subscriptions last year, and the audience it’s chasing is watching video in the bedroom, on the bus, and on the toilet. Evan Shapiro’s keynote makes the case that media has to redefine broadcast and follow the whole consumer. In this keynote episode of the Media Odyssey Podcast, recorded on stage at Jupiter Festival in Miami, Evan Shapiro unveils the newest Media Universe map and the Creator Ecosphere map. He walks through cross-screen attention data from 23 regions, including why YouTube, TikTok, and vertical video are winning the phone-first audience, how the creator economy is shifting toward the affinity economy, and why the “cannibalization” fear is a myth, using World Cup viewership as proof. He also covers streaming retention, the rise of advertising over subscriptions, vertical premium television, employee-generated content, and how brands and media companies can win by thinking like creators in the user-centric era. Key Takeaways: 1. The User-Centric Era Is Here, and the Phone Is the Remote Control81% of the world’s population is 54 or younger, and phones beat television sets for video time by more than two to one in the US and more than three to one in Brazil and Mexico. In the 23 regions surveyed, the bedroom was the top place to watch video, and 75% of the Indian Premier League cricket final was watched on phones. 2. YouTube Wins by Serving the Whole ConsumerThe new de-duplicated cross-screen attention index (index.eshap.tv) puts YouTube first in the US because it is the only platform on both television sets and phones, with a vertical product. Among under-55s TikTok ranks second, and among under-25s TikTok wins total attention in the US. 3. Premium Streaming Is Plateauing as Advertising Overtakes SubscriptionsIn the past year SVOD added 175 million subscribers and lost 156 million, a net retention of just 11%. PwC data shows advertising surpassing subscriptions in global revenue for the first time in a long time, which explains why premium streamers are rushing into ads. 4. The Cannibalization Myth Doesn’t Hold UpDuring the World Cup, CazéTV in Brazil hit 24 million concurrent YouTube streams for the final while 70 million people watched on broadcast at the same time. RTL in Germany reports a 26% increase in paid subscriptions and a 126% increase in sampling from audiences reached on YouTube, and BBC Studios’ Jasmine Dawson says that in every case studied, social distribution is additive.5. Think Like a CreatorIndie creators on the Affinity 100 list showed three to five times better engagement quality than mega creators. Heinz drove about $45 million in earned media and a 12% sales lift by mocking FIFA’s stadium branding rules, and Kit Kat’s stolen-truck posts reached 128 million people and $224 million in earned media. World of Wonder’s WOW Presents, built on its Drag Race fandom, reports 96% retention. Interested in sponsorship? https://forms.gle/2LCWfX2HBNT8mtpx8   Connect with us on Linkedin:Evan Shapiro - https://www.linkedin.com/in/eshap-media-cartographer/  Marion Ranchet - https://www.linkedin.com/in/marionranchet/  The Media Odyssey Podcast - https://www.linkedin.com/company/the-media-odyssey-podcast     (00:00) - Opening Banter (00:07) - Mapping the Media Universe (01:12) - User Centric Era Begins (02:30) - Creator Ecosphere Shift (02:59) - Who the Consumers Are (04:25) - Streaming vs Social Video (06:39) - Where People Watch Video (09:38) - Phone First Attention Index (14:31) - Affinity Economy Explained (17:51) - Bluey and No Cannibalization (20:08) - Sports Second Screen Fandom (22:58) - Vertical Video Explosion (24:27) - Brands Acting Like Creators (27:18) - Employee Generated Content Wins (29:25) - Drag Race Creator Mindset (31:27) - Final Takeaways and Close

    FINDING YOUR AUDIENCE FROM THE COUCH TO THE TOILET

  4. Oct 8

    HOW TO FIX KIDS CONTENT

    YouTube built the kids content economy, then broke its own monetization pipeline. Now it's time to fix kids content. This episode of the Media Odyssey Podcast features hosts Evan Shapiro and Marion Ranchet with kids media analyst Emily Horgan (The Kids Streamersphere), breaking down her latest Netflix Kids Content Performance Report. They dig into why Netflix isn't building new kids IP, YouTube's broken monetization pipeline for children's content, and how what's actually working for creators and franchises in a brutally competitive kids' content landscape can be the roadmap to fixing kids content.  Key Takeaways: 1. Netflix Is the Stage, Not the LabNetflix's recent kids hits (Gabby's Dollhouse, Creature Cases) mostly originated five-plus years ago, and newer breakouts like Ms. Rachel and the digital-first animation flooding Netflix (Sheriff Labrador, ChuChu TV) were built elsewhere, mainly on YouTube. Emily Horgan argues Netflix is "North Starred on streaming" rather than franchise-building, licensing proven IP (Paw Patrol, Peppa Pig, Miraculous Ladybug) rather than developing new characters from scratch. 2. YouTube's Kids Monetization Pipeline Is BrokenAdvertising revenue for kids content on YouTube has collapsed over the past five years following FTC regulation (COPPA enforcement) and cooling advertiser appetite even though kids content represents roughly 15% of platform usage. This has throttled the pipeline that once produced hits like Cocomelon, making it far harder for "the next Ms. Rachel" to emerge. 3. Old IP Still Dominates (But Legacy Live-Action Is Resurging)Decade-old Nickelodeon live-action shows like The Thundermans and Sam & Cat continue to perform strongly on Netflix, a trend Emily Horgan's team began tracking closely around the Paramount-Warner Bros merger. Shows like SpongeBob and Bluey show that durable franchises, often 20+ years old, dominate the kids top 10. New entries can take 28 months or more to build an audience. 4. AI's Double-Edged Role in Kids AnimationStudios like Toonstar are using AI-assisted animation to cut production costs to roughly 5% of traditional costs, enabling profitable, creator-led shows and faster turnaround. But the same efficiency is flooding YouTube with low-quality "AI slop," which erodes parental trust that is already weakened among Gen Z parents. 5. The Playbook: Build the Audience, Then the BusinessThe winning model is audience-first, not commission-first. Success shows now need to build direct relationships with fans via YouTube, live events, and merch before pursuing traditional distribution deals. Examples include Steven and Parker (now reaching 30 million weekly viewers across six languages) and Sesame Street's multi-platform windowing strategy between Netflix and YouTube. Thank you to Emily Horgan for joining the pod! Emily Horgan - https://www.linkedin.com/in/emohorgan/  Kids Media Club Podcast - https://kids-media-club-podcast.captivate.fm/listen  The Kids Kids StreamerSphere - https://thekidsstreamersphere.substack.com/  Interested in sponsorship? https://forms.gle/2LCWfX2HBNT8mtpx8   Connect with us on Linkedin: Evan Shapiro - https://www.linkedin.com/in/eshap-media-cartographer/   Marion Ranchet - https://www.linkedin.com/in/marionranchet/   The Media Odyssey Podcast - https://www.linkedin.com/company/the-media-odyssey-podcast     (00:00) - Welcome and Dublin Banter (03:10) - Inside the Netflix Kids Report (05:36) - Live Action Surprise Hits (07:23) - YouTube IP Flood Returns (09:35) - Why Netflix Licenses More (12:55) - Kids Strategy and Pipeline (16:57) - YouTube as the Lab (17:56) - Kids Monetization Collapse (19:15) - Regulation and Ad Chill (22:35) - Co-Viewing and Nostalgia Wins (23:28) - Fixing YouTube Kids (25:18) - Monetization and Prominence (27:57) - Regulation and Responsibility (29:46) - Netflix Engagement Shift (34:15) - New IP and Revenue Models (36:41) - AI Animation Promise and Slop (40:01) - Mini SVOD and Superfan Subscriptions (43:49) - Creator Entrepreneur Mindset (47:16) - Wrap Up and MIPCOM Plans

    HOW TO FIX KIDS CONTENT

  5. Oct 1

    THE END OF THE PARAMOUNT SAGA AND THE TECH-BROS OF THE APOCALYPSE

    An Anthropic engineer warned AI could destroy humanity, but Silicon Valley's sudden AI "safety" panic looks a lot like a marketing campaign. This episode of the Media Odyssey Podcast with Evan Shapiro and Marion Ranchet breaks down how California's attorneys general settled in the Paramount-Warner Bros Discovery merger, what the deal's mandates actually require, and why the AI industry's sudden doomsday messaging conveniently coincides with OpenAI and Anthropic's IPO troubles. Plus a look at how Europe is positioning itself in the AI race. Key Takeaways 1. The AI "Safety Panic" Marketing CampaignA former Anthropic engineer's viral tweet warning that AI companies were racing toward "recursive self-improvement" was quickly echoed throughout Sillicon Valley. But the timing argues the timing (right as OpenAI delayed its IPO citing cash problems and Anthropic prepared to raise at a $2 trillion valuation) makes the warnings look more like hype-driven marketing than genuine risk. 2 Meta's Muse Shows the Gap Between Hype and RealityMeta's new AI app Muse became the top downloaded app in app stores days after launch, despite requiring access to users' email, texts, and banking information. But within a single day, security researcher Patrick Wardle hacked his own instance of Muse and planted malware. 3. Europe's AI Position: Enterprise Over Frontier ModelsMistral has pivoted away from competing directly with OpenAI and Anthropic on frontier models, focusing instead on enterprise distribution and infrastructure. Marion Ranchet notes Mistral's most recent $3 billion funding round, led by Samsung, values the company at $21 billion, a fraction of Anthropic's and OpenAI's valuations, but Europe is still finding places for its own AI.  4. The Paramount-Warner Bros Deal's MandatesAttorney General Rob Bonta settled the merger under political pressure, securing commitments including 30-32 theatrical film releases per year, a $25 million independent film fund, mandatory separate operation of Paramount and Warner Bros, keeping studio lots, and an independent oversight board to monitor editorial interference at at CNN. 5. Massive Layoffs Are Coming With $81 billion in combined debt against roughly $12 billion in declining EBITDA, and a plan requiring $6 billion in synergies plus 50% EBITDA growth in 36 months, Evan Shapiro estimates around 20,000 layoffs at Warner Bros and Paramount over the next few years. Interested in sponsorship? https://forms.gle/2LCWfX2HBNT8mtpx8   Connect with us on Linkedin: Evan Shapiro - https://www.linkedin.com/in/eshap-media-cartographer/   Marion Ranchet - https://www.linkedin.com/in/marionranchet/   The Media Odyssey Podcast - https://www.linkedin.com/company/the-media-odyssey-podcast     (00:00) - Welcome (00:32) - Evan Was Wrong (01:56) - Regulators Deal Mandates (02:11) - Theatrical Quotas and Studio Separation (05:08) - News Oversight (08:40) - Pluto TV and Ad Strategy (12:04) - Job Cuts (17:39) - Why Workers Weren't Protected (22:34) - AI Doom Tweets (27:09) - China Models and Reality Check (28:01) - Self Regulation Spin (29:07) - Free Models Threat (31:32) - Muse Privacy Disaster (33:37) - Europe AI (40:59) - Hype Versus Reality (46:34) - Using AI Wisely (49:07) - Commoditized AI Future (52:31) - Next Week

    THE END OF THE PARAMOUNT SAGA AND THE TECH-BROS OF THE APOCALYPSE

  6. Sep 24

    THE AFFINITY 100: THE MOST IMPACTFUL CREATORS OF 2026

    Blair Imani just beat MrBeast on a brand-new ranking of creator influence and and the metric behind it could change how brands spend their money on YouTube, TikTok, and Instagram. This episode of The Media Odyssey Podcast, recorded outside at IBC, features hosts Evan Shapiro and Marion Ranchet with special guest Shira Lazar. They unpack the newly released Affinity 100, a ranking of the most impactful creators of 2026 built on a new metric called the Affinity Quotient, developed with Whalar Group and Foam. Key Takeaways: 1. A New Way to Measure InfluenceThe Affinity Quotient weighs likes and comments, adds shares at double weight, and divides by views to measure engagement per view rather than engagement per post. It captures depth of impact rather than raw reach. 2. Blair Imani Tops the List, MrBeast Ranks 85thEducator and historian Blair Imani (fewer than 1 million total followers) ranked #1, while MrBeast, the world's biggest creator with half a billion followers, landed at 85. The list shows a shift from "creator economy" to the "affinity economy," where depth of engagement matters more than scale. 3. Indie and Expert Creators Are RisingThe list highlights "indie creators" and niche experts (a finance guru, a film reviewer, a makeup artist turned inclusivity consultant) showing that creators with as few as 10,000-50,000 highly engaged fans can build sustainable, meaningful businesses. 4. Brands Still Chase Follower Counts Despite the ShiftEven as the industry talks about quality over quantity, brand briefs still specify minimum follower counts (e.g., "250K-plus"). Shira Lazar argues B2B and knowledge creators are starting to shift that mindset, since the people following niche experts are often the ones making purchasing decisions. 5. The Creator Ecosphere Map Returns in OctoberEvan Shapiro will unveil the second edition of the Creator Ecosphere Map on October 8th at the inaugural Jupiter Festival in Miami, sponsored by YouTube. The new version will rank roughly 800 creators using the Affinity Quotient across all major platforms, with all underlying data made publicly available for validation. Thank you to Shira Lazar for joining the pod! Shira Lazar - https://www.linkedin.com/in/shiralazar/  Interested in sponsorship? https://forms.gle/2LCWfX2HBNT8mtpx8   Connect with us on Linkedin: Evan Shapiro - https://www.linkedin.com/in/eshap-media-cartographer/   Marion Ranchet - https://www.linkedin.com/in/marionranchet/   The Media Odyssey Podcast - https://www.linkedin.com/company/the-media-odyssey-podcast     (00:00) - Live at IBC Intro (00:46) - Affinity Quotient Explained (02:34) - Top Creators and MrBeast Context (05:08) - Why the List Matters (08:08) - Sustainable Creator Playbooks (10:43) - Scale vs Trust Debate (13:39) - Expert Economy and Diversity (15:22) - Next Map and Jupiter Festival (16:59) - YouTube Views and Monetization (18:59) - Wrap Up and Banter

    THE AFFINITY 100: THE MOST IMPACTFUL CREATORS OF 2026

  7. Sep 22 ·  Bonus

    80% WEEKLY REACH, SHRINKING BUDGETS: EUROPE'S PUBLIC SERVICE MEDIA

    Europe's public broadcasters are losing over 5% of their funding on average, and some budgets are being slashed by up to 70%. It's not because of economics, but ideology. This bonus episode, recorded live at SME Live 2026 in Amsterdam, features Marion Ranchet with Serge Schick (France Medias Monde), Lieven Vermaele (VRT), Christophe Chantraine (RTBF), and Bastiaan Toering (NPO), discussing the funding pressures and strategic countermeasures reshaping European public service media. Key Takeaways1. Public Service Media Reach Is Massive, But Funding Is Shrinking PSM reaches over 80% of Europeans weekly (close to 70% among 15-24 year-olds) at a cost of just €3.60 per citizen per month. At the same time, average funding fell more than 5% between 2019 and 2024, with some countries like Switzerland cutting budgets by 70% despite no public deficit, reflecting political and ideological pressure rather than economics alone. 2. Broadcasters Are Cutting Costs to Protect ContentRTBF is reducing its workforce by 10% over four years mainly through attrition, cutting a radio station, and some sports rights. VRT is rationalizing its brand portfolio down to three core digital platforms (news, sport, audio-visual) while keeping 65% of its budget tied to content production. 3. SVOD and Partnerships Are New Revenue LeversNPO's NPO+ SVOD service, launched in 2016, has driven a decade of added revenue, and its co-production "Wolven" with Disney+ shows public broadcasters increasingly open to streamer partnerships. This mindset shift wouldn't have happened five years ago, contrasting with France's failed Salto SVOD venture. 4. YouTube Strategy Varies by BroadcasterFrance Médias Monde treats YouTube as essential reach across 18 markets it can't cover alone, RTBF uses release-window delays to protect its own platform while benefiting from a large audience halo effect outside Belgium, and NPO/VRT build YouTube-native content designed to funnel viewers back to their own platforms. 5. Collaboration Across PSM Remains LimitedEuropean public broadcasters still rarely share technology or infrastructure the way commercial groups like RTL or Bedrock do across markets, despite recognizing the need for scale. Efforts like the EBU-backed Public Space Incubator offer a small but promising start. Thank you to all the panelists:Serge Schick - https://www.linkedin.com/in/serge-schick-447019104/  Lieven Vermaele - https://www.linkedin.com/in/lievenvermaele/Christophe Chantraine - https://www.linkedin.com/in/christophechantraine/Bastiaan Toering - https://www.linkedin.com/in/bastiaan-toering/  Interested in sponsorship? https://forms.gle/2LCWfX2HBNT8mtpx8 Connect with us on Linkedin: Evan Shapiro - https://www.linkedin.com/in/eshap-media-cartographer/ Marion Ranchet - https://www.linkedin.com/in/marionranchet/ The Media Odyssey Podcast - https://www.linkedin.com/company/the-media-odyssey-podcast

    80% WEEKLY REACH, SHRINKING BUDGETS: EUROPE'S PUBLIC SERVICE MEDIA

  8. Sep 17

    THE STREAMING PLATFORM RATIO

    Streaming platforms are spending anywhere from 9% to 30% of revenue just to run their tech stack and a new study finally puts real numbers behind the guesswork.  Don’t miss this special episode recorded on stage at Streaming Made Easy Live with Jonas Engwall (CEO of Bedrock Streaming), Bjarne Andreas Myklebust (NRK, Norway's public broadcaster), and Rowan de Pomerai (CEO of the DPP). They unpack the new Streaming Platform Ratio study benchmarking 16 European platforms against Netflix, why public broadcasters are outperforming commercial ones on tech efficiency, and the coming wave of premium vertical video. Key Takeaways: 1. The Streaming Platform Ratio BenchmarkBedrock and the DPP surveyed 16 mostly-European streaming platforms to measure tech spend as a percentage of streaming revenue, anonymizing all results. They used Netflix as the public baseline and its publicly disclosed tech and development spend comes out to roughly 10% of revenue, a figure that's held steady for the past five to six years. 2. Scale Is the Biggest Cost DriverPlatforms with revenue above roughly $100 million showed nearly half the proportional tech cost of smaller platforms. Public broadcasters performed slightly better than commercial players overall because larger organizations benefit from fixed costs spread across more revenue. 3. Legacy Broadcasters Are Still Paying Two BillsNRK reports that traditional DTT distribution still consumes about 90% of its budget, while OTT already accounts for 20-25% of consumption. Public broadcasters that started streaming early (echoing BBC's iPlayer) built in competitive advantages like NRK running three CDNs with annual price competition to control distribution costs. 4. Buy, Don't BuildPanelists agreed that most platforms are shifting from CapEx to OpEx, buying software and licensing CDN capacity rather than building in-house infrastructure, since content is where broadcasters create value. The DPP noted that no broadcaster builds its own transmission towers or satellites either, so the same logic should extend to streaming infrastructure. 5. Premium Vertical Video Is the Next WaveBedrock has rolled out vertical video feeds across three of its four platforms, converting short-form teasers into long-form viewership and subscriptions. NRK is launching a vertical original microdrama series, "21 Days," aimed at younger audiences. European broadcasters are leading here by leaning into vertical.  Thank you to Jonas Engwall, Rowan de Pomerai, and Bjarne Andreas Myklebust for coming on the pod! Bedrock Streaming: https://fr.linkedin.com/company/bedrock-streaming?trk=public_profile_topcard-current-company  Jonas Engwall: https://fr.linkedin.com/in/jonas-engwall  Rowan de Pomerai: https://www.linkedin.com/in/rdepom/  Bjarne Andreas Myklebust: https://no.linkedin.com/in/bmyklebust  Interested in sponsorship? https://forms.gle/2LCWfX2HBNT8mtpx8   Connect with us on Linkedin: Evan Shapiro - https://www.linkedin.com/in/eshap-media-cartographer/   Marion Ranchet - https://www.linkedin.com/in/marionranchet/   The Media Odyssey Podcast - https://www.linkedin.com/company/the-media-odyssey-podcast     00:00 Live Show Kickoff 01:08 Why Measure Platform Spend 03:21 Streaming Platform Ratio Explained 05:01 Netflix as Baseline Benchmark 06:31 Public Broadcasters and OTT Transition 08:55 Scale Drives Lower Costs 10:12 What the Results Mean 13:20 Europe vs US and Chasing Scale 16:27 Next Steps and Benchmarking Goals 18:47 Build vs Buy and CapEx to OpEx 21:09 Vertical Video and Microdramas 25:10 Premium Vertical Wave in Europe 27:51 Wrap Up and Thanks (00:00) - Live Show Kickoff (01:08) - Why Measure Platform Spend (03:21) - Streaming Platform Ratio Explained (05:01) - Netflix as Baseline Benchmark (06:31) - Public Broadcasters and OTT Transition (08:55) - Scale Drives Lower Costs (10:12) - What the Results Mean (13:20) - Europe vs US and Chasing Scale (16:27) - Next Steps and Benchmarking Goals (18:47) - Build vs Buy and CapEx to OpEx (21:09) - Vertical Video and Microdramas (25:10) - Premium Vertical Wave in Europe (27:51) - Wrap Up and Thanks

    THE STREAMING PLATFORM RATIO
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4.6
out of 5
11 Ratings

About

Each week, two of media’s most influential thinkers, Evan Shapiro & Marion Ranchet, take on the hottest media topics with their hottest takes, helping their audience chart a course through the maelstrom that is today’s Media Odyssey. Based in the US, Evan Shapiro is the Media Industry’s official Cartographer, known for his well-researched and provocative analysis of the entertainment ecosystem in his must read treatises on Media’s latest trends and trajectories. Marion Ranchet, French expat based in Amsterdam, has become the industry’s go-to expert in all things streaming, building a following for turning even the most complex problems into easily digestible and actionable insights. Ranchet and Shapiro are known for their sharp-yet-accessible content on Media consumption, audience trends, and the shifting fundamentals of the business itself. Even during the toughest of topics, they each make talking about Media fun. Together every week, these two will offer entertaining, often humorous, and always educational content on today’s Media Odyssey.

Information

  • Creator
    Evan Shapiro & Marion Ranchet
  • Years Active
    2024 - 2026
  • Episodes
    109
  • Rating
    Explicit
  • Copyright
    © (c) 2025 The Media Odyssey

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