{"id":220,"date":"2021-05-17T16:20:27","date_gmt":"2021-05-17T13:20:27","guid":{"rendered":"https:\/\/xxbet-company.com\/draftkings-media-grows-with-dan-le-batard-podcast-needham-analyst-bullish\/"},"modified":"2021-05-17T16:20:27","modified_gmt":"2021-05-17T13:20:27","slug":"draftkings-media-grows-with-dan-le-batard-podcast-needham-analyst-bullish","status":"publish","type":"post","link":"https:\/\/xxbet-company.com\/nb\/draftkings-media-grows-with-dan-le-batard-podcast-needham-analyst-bullish\/","title":{"rendered":"DraftKings Media Grows with Dan Le Batard Podcast, Needham Analyst Bullish"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_34 counter-flat ez-toc-counter ez-toc-transparent ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\">Innholdsfortegnelse<\/p>\n<span class=\"ez-toc-title-toggle\"><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1'><li class='ez-toc-page-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/xxbet-company.com\/nb\/draftkings-media-grows-with-dan-le-batard-podcast-needham-analyst-bullish\/#Meadowlark_Deal_Part_of_Broader_Media_Push\" title=\"Meadowlark Deal Part of Broader Media Push\">Meadowlark Deal Part of Broader Media Push<\/a><\/li><li class='ez-toc-page-1'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/xxbet-company.com\/nb\/draftkings-media-grows-with-dan-le-batard-podcast-needham-analyst-bullish\/#Bullish_on_DraftKings_Stock\" title=\"Bullish on DraftKings Stock\">Bullish on DraftKings Stock<\/a><\/li><\/ul><\/nav><\/div>\n<p>DraftKings (NASDAQ:DKNG) continues moving further into the media landscape, announcing today it reached a content distribution agreement with Meadowlark Media. Meadowlark Media is the owner of Dan Le Batard\u2019s network of shows.<\/p>\n<figure aria-describedby=\"caption-attachment-172012\" data-style=\"width: 1200px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" class=\"wp-image-172012 lazyload\" src=\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2021\/04\/DL-142x80.jpg?x38396\" data-src=\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2021\/04\/DL-142x80.jpg?x38396\" alt=\"DraftKing Le Batard\" width=\"1200\" height=\"675\" data-srcset=\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2021\/04\/DL-142x80.jpg 142w, https:\/\/www.casino.org\/news\/wp-content\/uploads\/2021\/04\/DL-1024x576.jpg 1024w, https:\/\/www.casino.org\/news\/wp-content\/uploads\/2021\/04\/DL-768x432.jpg 768w, https:\/\/www.casino.org\/news\/wp-content\/uploads\/2021\/04\/DL-1536x864.jpg 1536w, https:\/\/www.casino.org\/news\/wp-content\/uploads\/2021\/04\/DL.jpg 1920w\" sizes=\"(max-width: 1200px) 100vw, 1200px\" data- title=\"\"><img loading=\"lazy\" class=\"wp-image-172012\" src=\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2021\/04\/DL-142x80.jpg?x38396\" alt=\"DraftKing Le Batard\" width=\"1200\" height=\"675\" srcset=\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2021\/04\/DL-142x80.jpg 142w, https:\/\/www.casino.org\/news\/wp-content\/uploads\/2021\/04\/DL-1024x576.jpg 1024w, https:\/\/www.casino.org\/news\/wp-content\/uploads\/2021\/04\/DL-768x432.jpg 768w, https:\/\/www.casino.org\/news\/wp-content\/uploads\/2021\/04\/DL-1536x864.jpg 1536w, https:\/\/www.casino.org\/news\/wp-content\/uploads\/2021\/04\/DL.jpg 1920w\" sizes=\"(max-width: 1200px) 100vw, 1200px\" title=\"\"><figcaption class=\"text-description\">Podcast host Dan LeBatard pictured during a show above. DraftKings is partnering with him to reach more bettors. (Image: <em>Sporting News<\/em>)<\/figcaption><\/figure>\n<p>Financial terms of the agreement, which also includes monetization and sponsorship aspects, weren\u2019t disclosed. But unidentified sources told <i>The Wall Street Journal<\/i> the sportsbook operator is doling out $50 million for the pact with Meadowlark.<\/p>\n<p>Boston-based DraftKings will distribute <em>The Dan Le Batard Show with Stugotz<\/em> and the Le Batard &#038; Friends Network to a variety of radio and television stations, as well as digital and social media platforms.<\/p>\n<p>DraftKings is also gaining rights to distribute Le Batard\u2019s podcast, which averages 10 million to 12 million downloads, for three years. The aim is to generate revenue off those distribution rights while providing another avenue for advertising and client engagement. The Le Batard suite of shows will sport DraftKings\u2019 odds, betting data, and broader sportsbook and daily fantasy sports (DFS) information.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Meadowlark_Deal_Part_of_Broader_Media_Push\"><\/span>Meadowlark Deal Part of Broader Media Push<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The Meadowlark pact extends a busy pace of dealmaking for DraftKings, particularly in the media space.<\/p>\n<div class=\"callout\">\n<p>Last month, the gaming company <a href=\"https:\/\/www.casino.org\/news\/draftkings-vsin-acquisition-applauded-on-wall-street\/\" rel=\"nofollow noopener\" target=\"_blank\">revealed its purchase<\/a> of Vegas Sports Information Network (VSiN). The operator subsequently hired former Verizon executive Brian Angiolet to oversee media strategy. DraftKings also launched a channel <a href=\"https:\/\/www.casino.org\/news\/sling-debuts-draftkings-channel-with-real-time-sports-betting-odds\/\" rel=\"nofollow noopener\" target=\"_blank\">on the SLING TV<\/a> streaming service after reaching a similar deal with DISH Network.<\/p>\n<\/div>\n<p>Earlier this month, DraftKings said it\u2019s buying Israel-based Blue Ribbon Software, a provider of global jackpot and gamification services for use with jackpot promotions.<\/p>\n<p>In March, the DFS provider <a href=\"https:\/\/www.casino.org\/news\/draftkings-selling-1-15-billion-in-convertibles-could-fund-deals\/\" rel=\"nofollow noopener\" target=\"_blank\">sold $1.15 billion<\/a> worth of convertible notes, with analysts claiming the proceeds from that transaction could be used for acquisitions, particularly in the media space. That hypothesis is being validated.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Bullish_on_DraftKings_Stock\"><\/span>Bullish on DraftKings Stock<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Not to be lost in the hoopla surrounding the Meadowlark agreement is that Wall Street remains fond of DraftKings stock despite recent struggles.<\/p>\n<p>Today, Needham analyst Bernie McTernan initiated coverage of the gaming equity with a \u201cbuy\u201d rating and an $81 price target. That implies upside of about 37 percent from the April 26 close.<\/p>\n<blockquote class=\"main-blockquote\">\n<p><strong>We see DKNG as a leader in the emerging North America online gambling market, a $35B market opportunity,\u201d<\/strong> said the analyst in a note to clients.<\/p>\n<\/blockquote>\n<p>\u201cDespite mixed results in New York, we see the current regulatory environment as supportive, which should lead to a significant growth in legislation, a key reason our \u201922 and \u201923 estimates are above consensus. We see a 3:1 risk-reward in our bull case vs bear case targets, and importantly envision a higher probability of our bull case playing out vs our bear case.\u201d<\/p>\n<p><strong>Translation: McTernan says in a highly bullish scenario, DraftKings could soar to $150.<\/strong><\/p>\n<p>The post <a rel=\"nofollow noopener\" href=\"https:\/\/www.casino.org\/news\/draftkings-teaming-up-with-meadowlark-accesses-le-batard-podcasts\/\" target=\"_blank\">DraftKings Media Grows with Dan Le Batard Podcast, Needham Analyst Bullish<\/a> appeared first on <a rel=\"nofollow noopener\" href=\"https:\/\/www.casino.org\/news\" target=\"_blank\">Casino.org<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"<p>DraftKings (NASDAQ:DKNG) continues moving further into the media landscape, announcing today it reached a content distribution agreement with Meadowlark Media. Meadowlark Media is the owner of Dan Le Batard\u2019s network of shows. Podcast host Dan LeBatard pictured during a show above. DraftKings is partnering with him to reach more bettors. (Image: Sporting News) Financial terms <a href=\"https:\/\/xxbet-company.com\/nb\/draftkings-media-grows-with-dan-le-batard-podcast-needham-analyst-bullish\/\" class=\"more-link\">&#8230;<\/a><\/p>","protected":false},"author":1,"featured_media":221,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[1],"tags":[],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/xxbet-company.com\/nb\/wp-json\/wp\/v2\/posts\/220"}],"collection":[{"href":"https:\/\/xxbet-company.com\/nb\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/xxbet-company.com\/nb\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/xxbet-company.com\/nb\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/xxbet-company.com\/nb\/wp-json\/wp\/v2\/comments?post=220"}],"version-history":[{"count":0,"href":"https:\/\/xxbet-company.com\/nb\/wp-json\/wp\/v2\/posts\/220\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/xxbet-company.com\/nb\/wp-json\/wp\/v2\/media\/221"}],"wp:attachment":[{"href":"https:\/\/xxbet-company.com\/nb\/wp-json\/wp\/v2\/media?parent=220"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/xxbet-company.com\/nb\/wp-json\/wp\/v2\/categories?post=220"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/xxbet-company.com\/nb\/wp-json\/wp\/v2\/tags?post=220"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}