Netflix, Spotify Need to Offer “More and More Services” to Avoid Churn, LionTree CEO Says
BY ALEX WEPRIN | HollywoodReporter.Com Troy Warren for CNT “It does frustrate classic industries to play defense,” Aryeh Bourkoff said at the Tribeca X conference Friday. WarnerMedia’s merger with Discovery. Amazon’s acquisition of MGM. Sinclair’s finance raise to launch a direct-to-consumer streaming sports push. All these deals are critical pieces of a rapidly changing and consolidating entertainment and media industry. And it just so happens that one boutique investment bank, LionTree, has been an advisor on all those agreements. LionTree founder and CEO Aryeh Bourkoff explained his thinking behind the state of technology, entertainment and media at the Tribeca X conference in New York on Friday. “The consumer has a lot of power,” Bourkoff…