|One big thing
Could Vox be the next great content company? This week they announced the Group Nine acquisition, making for a combined revenue of $700m turnover in 2022. Scale and quality. CEO Jim Bankoff shared:
“Scale for scale’s sake is not what’s important but quality combined with scale, which is what this story is about, is going to be an advantage in the marketplace.”
But that scale is not why they could be the next great content company. It’s the sum of the parts.
Becoming a great content company requires the leverage of IP and Vox has the right ingredients to do that. As a group they can tease out a story, turn it in to a long form piece. If it has enough substance, turn it in to a podcast. Or take it through to a documentary or show. At each step getting audience feedback and refinement. Oh and they make money at each step anyway.
Story pitch -> Story -> Podcast -> OTT.
This could be the icing on the cake for the digital media company if they could build a serious content arm from that IP.