Mumbrellacast Gambling with ad rules, Daily Mail's subs drive, and Ooh exits retail media
Welcome to the Mumbrellacast, where chances are you're about to win.
We open this week's podcast by parsing the new gambling advertising restrictions announced last week by Anthony Albanese, more than one-thousand Earth days since a parliamentary inquiry recommended a total ban. While this isn't a total ban, in-stadium advertising at sporting events is no longer allowed (including on teams jerseys), TV stations are limited to three ads an hour, celebrities can no longer promote betting companies, and kids will be spared the footy odds blasting through SEN 1116 during school pick-up times.
But do the new restrictions go far enough? Is Albanese's focus on protecting children from the evils of hearing about a same-game multi missing the point, when we live in a country with the most gambling losses (and wins!) per capita in the world?
And what does this mean for the NRL's pending broadcasting deal, which footy boss Peter V'landys still believes will beat the AFL's current $4.5b seven-year deal? For that last question, we pass the mic to gambling and sports media rights expert Lachlan Gepp, who channelled Daryl Kerrigan in saying, "tell him he's dreaming".
This week, Daily Mail Australia hired a new head of digital subscriptions, who has the modest task of driving the transformation of the company's revenue stream.
We discuss how the Mail's increased focus on chasing subscription dollars instead of web traffic marks a big shift in the global media landscape, and ask whether they will be successful in retraining and retaining legions of readers drawn to its entertainment-heavy content.
Also, Ooh Media had an eventful week, with the departure of its chair Tony Faure -- as well as most of the staff within its retail media arm Reo, which will be shutting down by the end of June. While retail media is booming at the moment, there appears to be no room at the inn for third-party companies trying to team up with brick-and-mortar businesses to help them sell retail media assets, advertising, or both.
And, just for fun, we press rewind on a snippet from an February interview with Ooh CEO James Taylor, where he talks about the future of Reo.
Happy listening!
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