Latest / Possible NOW / Women’s Sports is Serious Business: Laura Correnti on Building Deep Blue
Transcript
- 0:04Speaker 1: Welcome to Possible Now Stories of Possibilities, the podcast where
- 0:09Speaker 1: we dive into the leadership frameworks, bold ideas, and personal
- 0:13Speaker 1: stories shaping the future of marketing, technology, and leadership. Some
- 0:19Speaker 1: people follow the playbook, others write an entirely new one.
- 0:23Speaker 1: My guest today is doing both and changing the game
- 0:26Speaker 1: along the way. I'm Christian Muchen and this is Possible
- 0:29Speaker 1: Now Stories of Possibilities, the podcast where we explore bold ideas,
- 0:33Speaker 1: those outstanding personalities and visionaries who are reshaping business, leadership,
- 0:38Speaker 1: culture and technology. My guest in today's episode is Laura
- 0:42Speaker 1: Currenti and she is the founder and CEO of Deep
- 0:44Speaker 1: Blue Sports and Entertainment, the world's first firm dedicated to
- 0:48Speaker 1: bringing serious commercial investment to women's sports. In less than
- 0:52Speaker 1: two years, she's launched the Business of Women's Sports Summit,
- 0:56Speaker 1: co created the Women's Sports Audient Network with Iart Media,
- 0:59Speaker 1: and build a joint venture with Olympic Icon Allison Phoenix.
- 1:03Speaker 1: Oh and she still finds time to post her own podcast,
- 1:06Speaker 1: court Side, where she interviews the woman driving the future
- 1:10Speaker 1: of the industry. Before Deep Blue, Laura was already rewriting
- 1:15Speaker 1: the rules of advertising a giant spoon, creating first the
- 1:18Speaker 1: industry had never seen before, the first branded podcast to
- 1:21Speaker 1: hit number one on Apple, the first live ad on CNN,
- 1:25Speaker 1: the first single advertiser takeover of The New York Times.
- 1:28Speaker 1: Her career has been all about seeing the white space
- 1:31Speaker 1: and then filling it with bold ideas that others said
- 1:34Speaker 1: were not possible. And we all know everything is possible.
- 1:38Speaker 1: So today I'm thrilled to have Laura here to talk
- 1:41Speaker 1: about sports leadership, business and why women's sports is not charity,
- 1:45Speaker 1: it's good business. A very warm welcome to you, Laura.
- 1:49Speaker 2: Thank you for having me Christian. Have you ever considered
- 1:52Speaker 2: voiceover work? That was fabulous?
- 1:54Speaker 1: Good to know that there's another career waiting for me.
- 1:57Speaker 2: I love that. Yes, thank you so much for the warman.
- 2:00Speaker 1: Laura. I've mentioned your court Side podcast and you always
- 2:04Speaker 1: start with the one question and let's flip the script
- 2:08Speaker 1: and now it's your turn. When did you first fall
- 2:10Speaker 1: in love with sports?
- 2:11Speaker 3: I can very, very vividly remember a five year old
- 2:15Speaker 3: Laura who met under a willow tree with a bunch
- 2:20Speaker 3: of kids I grew up with in New Jersey, and
- 2:24Speaker 3: that willow tree was in the center of a large
- 2:26Speaker 3: sports complex at the time called Gunnaloval, which is where
- 2:31Speaker 3: all great sports dreams in the town I grew up
- 2:33Speaker 3: in in Carney, New Jersey, were born. And some of
- 2:36Speaker 3: those kids that I was gathering with in between our
- 2:39Speaker 3: games probably drinking.
- 2:41Speaker 2: You who's eating orange slices? For all?
- 2:43Speaker 3: I remember wearing oversized T shirts I played for Carneo
- 2:46Speaker 3: Electronics when I was five years old, and I don't
- 2:48Speaker 3: even remember playing the game Christian. I remember feeling the
- 2:51Speaker 3: joy of just being with my friends in an environment
- 2:54Speaker 3: where I learned at the ripe age the importance of
- 2:57Speaker 3: community and what it meant to belong And I think
- 3:02Speaker 3: so much of what sports has given me is community
- 3:05Speaker 3: in a sense of belonging. And what started as I
- 3:08Speaker 3: would say, quick witted, you know, competitive kid at the
- 3:12Speaker 3: age of five, has served me well thirty five plus
- 3:15Speaker 3: years later in the advertising industry. And so I think
- 3:17Speaker 3: there has been the matics that sports have taught me.
- 3:19Speaker 1: That's an awesome story. Was it always a kind of
- 3:22Speaker 1: team sport or different top of sports?
- 3:25Speaker 2: Oh my god.
- 3:25Speaker 3: I was such a team sport. I mean, if you
- 3:27Speaker 3: could play it, I was doing it. But soccer, basketball
- 3:30Speaker 3: and softball were the sports that I focused on competitively.
- 3:34Speaker 3: I think basketball was probably my best sport, but soccer
- 3:36Speaker 3: was my first love. In the town I grew up
- 3:38Speaker 3: in in New Jersey, I thought the whole world knew
- 3:40Speaker 3: it as Soccertown, USA. But I came to learn later
- 3:42Speaker 3: in life that I think that's just what the people
- 3:44Speaker 3: I grew up with called it. But playing in soccer
- 3:46Speaker 3: town usay, soccer was what you lived and breathed, and
- 3:49Speaker 3: it was all around you. I remember playing everything from
- 3:52Speaker 3: kickball in the street to like weekend Manhunt games with
- 3:55Speaker 3: my neighbors. I just I love to be outside and
- 3:57Speaker 3: I love to play.
- 3:58Speaker 1: Yeah, as long as you connect, size and be with others,
- 4:01Speaker 1: I totally get it. I was the same. So which
- 4:02Speaker 1: position in the soccer team.
- 4:04Speaker 3: Well, this won't surprise anyone that knows me. Center, midfield.
- 4:07Speaker 3: I had to control the game at all angles.
- 4:09Speaker 1: I definitely you did and you're still doing. We will
- 4:12Speaker 1: talk about this in a second. So I was left defender.
- 4:14Speaker 1: So that was my position for years. Yeah, back, let's
- 4:17Speaker 1: talk about sports as leadership. And of course we now
- 4:20Speaker 1: have far more data available. And what I found out
- 4:23Speaker 1: is that we know that ninety four percent of women
- 4:25Speaker 1: in the C suite played sports and over half competed
- 4:28Speaker 1: at college level, which is impressive. So if this is
- 4:31Speaker 1: the number, what do you think the wheel guill transfer
- 4:35Speaker 1: is Is it great? Is it teamwork? Is it resilience?
- 4:38Speaker 1: Or is it something less or maybe more obvious, you know,
- 4:41Speaker 1: to learn how to lose and come back even stronger.
- 4:43Speaker 1: What is it?
- 4:44Speaker 3: And I think it's all the above, definitely a yes
- 4:46Speaker 3: and question. I think such a wide range, and you've
- 4:48Speaker 3: mentioned some of them, you know, teamwork, resilience, adversity, down
- 4:53Speaker 3: to the minu ship, just how to handle feedback and
- 4:55Speaker 3: constructive criticism, the will to win. I think that athletes
- 4:59Speaker 3: that are born with this sort of ingrained switch that
- 5:01Speaker 3: you know how to flip on without the prompting, because
- 5:04Speaker 3: you need to take it to the next gear and
- 5:05Speaker 3: the next level. But I have read something that speaking
- 5:08Speaker 3: to that ninety four percent statistic. There was a great
- 5:11Speaker 3: conversation that happened not too long ago at a conference
- 5:13Speaker 3: that Billy Jean King had hosted and Linda Gates was
- 5:16Speaker 3: featured on a panel, and they were talking about that
- 5:18Speaker 3: ninety four percent number and the number of female executives,
- 5:21Speaker 3: many of whom we would know by name, and certainly
- 5:23Speaker 3: the businesses that they've led, and they created a thesis
- 5:27Speaker 3: that the great unifier of the connection to sport is
- 5:31Speaker 3: that it had taught all of these women about failure,
- 5:34Speaker 3: how to embrace it, how to tackle it, how to
- 5:36Speaker 3: move on from it. And I think when you look
- 5:39Speaker 3: at all of the skills you alluded to, in addition
- 5:42Speaker 3: to that one, I do think it's interesting how being
- 5:45Speaker 3: unafraid to fail your show is called possible, right, leads
- 5:49Speaker 3: to so many great possibilities when you're unencumbered by not
- 5:53Speaker 3: what could happen, but what might happen.
- 5:56Speaker 1: And also because I would say, I mean we always
- 5:58Speaker 1: look at the winnows, right, those ones in the front row.
- 6:00Speaker 1: I mean, this is typically, but there are so many
- 6:03Speaker 1: and we've experienced this on our own. You have also
- 6:05Speaker 1: to learn, you know, to be on the sideline for
- 6:07Speaker 1: at least some time right or to start, you know,
- 6:09Speaker 1: when you join a team to watch, toait but also
- 6:12Speaker 1: to support others. Is that something you still see with
- 6:16Speaker 1: leaders in the boardroom that they learned from that as well,
- 6:18Speaker 1: or is it something you would say, no, they have
- 6:20Speaker 1: to take more over into the business world.
- 6:23Speaker 3: It's a great question and one that I watch on
- 6:25Speaker 3: a regular basis just the changing roles in dynamics of
- 6:29Speaker 3: team members and when you need to step up and
- 6:31Speaker 3: when you know, oftentimes you need to take a backseat.
- 6:34Speaker 3: I vividly remember, for the first let's call it ten
- 6:37Speaker 3: fifteen years of my sporting career, I only knew to
- 6:40Speaker 3: be the captain and a starter. I didn't even know
- 6:42Speaker 3: where the bench was, let alone what it felt like.
- 6:44Speaker 3: And I remember my transition to playing in college and
- 6:48Speaker 3: coming in as a freshman who was wildly in shape's
- 6:51Speaker 3: probably the best shape I'd ever been in, and showed
- 6:53Speaker 3: up with a very seasoned team. I was a young freshman,
- 6:56Speaker 3: a seventeen year old, going up against women who were
- 6:58Speaker 3: four or five years older than me, way more experience,
- 7:01Speaker 3: a ton more training, better skill sets, and for the
- 7:05Speaker 3: first time in my life, I've felt the bench. And
- 7:08Speaker 3: that is a really jolting experience when you come from
- 7:11Speaker 3: what you perceive to be as the best at what
- 7:13Speaker 3: you do, and then you arrive in different rooms or
- 7:16Speaker 3: on different teams and everyone's the best from where they
- 7:19Speaker 3: came from. And I think that those lessons are so
- 7:22Speaker 3: transferable in the boardroom coming into the women's sports space.
- 7:25Speaker 3: From a business perspective, there are people have been in
- 7:27Speaker 3: this space for decades longer than I have. I may
- 7:30Speaker 3: be a practitioner and expert in my craft through the
- 7:32Speaker 3: world of advertising media marketing, I have and still have
- 7:35Speaker 3: a ton to learn about what's worked, what hasn't, why
- 7:38Speaker 3: it hasn't, And so I think constantly being open and
- 7:41Speaker 3: being a student in the game. You know, I talked
- 7:43Speaker 3: to my team a lot about being coachable. I don't
- 7:45Speaker 3: think you can ever stop being coachable when you want
- 7:47Speaker 3: to be the best. And I mean you could point
- 7:49Speaker 3: to some of the greatest athletes of our time who
- 7:51Speaker 3: constantly reference the need for incremental gains, so absolutely transferable skill.
- 7:56Speaker 1: That's a lesson you just talked about to be still coachable.
- 7:59Speaker 1: Is that the lesson you still use in your on
- 8:01Speaker 1: board room, you know, coming from your own experience, or
- 8:03Speaker 1: is there another lesson you would like to share with us,
- 8:06Speaker 1: you know, which you can still use in today's business.
- 8:08Speaker 3: I think being coach was probably one of the most
- 8:10Speaker 3: important skills. Never satisfied with being satisfied, you know. I
- 8:13Speaker 3: pride myself in being a student of the game literally
- 8:16Speaker 3: and figuratively. I think there's always something we can learn.
- 8:18Speaker 3: I mean, you even see what the industry is going through.
- 8:21Speaker 3: From an advertising media marketing perspective, From a technology standpoint,
- 8:25Speaker 3: I mean you host a conference that features so much
- 8:27Speaker 3: of what the future holds, and so resting on what
- 8:30Speaker 3: you know is not enough to compete.
- 8:32Speaker 2: From my vantage point.
- 8:34Speaker 1: Let's talk about business and let's go over to Deep
- 8:37Speaker 1: Blue and your vision. When you create a Deep Blue,
- 8:39Speaker 1: when you would be on our possible stage with all
- 8:42Speaker 1: these you know, cemos and brand leaders in the room,
- 8:45Speaker 1: what would be a key message to them.
- 8:48Speaker 3: So much of the beginning stages of founding Deep Blue
- 8:51Speaker 3: was about really just having marketers recognize the value. In
- 8:55Speaker 3: just a short twelve to eighteen months since founding, the
- 8:57Speaker 3: company will turn two in December of this year. It's
- 9:00Speaker 3: now about right sizing the opportunity. I think people are
- 9:02Speaker 3: very well aware of understanding that there is something happening now,
- 9:06Speaker 3: how closely they're listening. What I have found to be
- 9:10Speaker 3: the most important part is making the business case through
- 9:13Speaker 3: right sizing. I think so much of what we are
- 9:15Speaker 3: focused on today is this is not apples to apples comparison.
- 9:19Speaker 3: I'll give you an example. In twenty twenty four, the
- 9:22Speaker 3: NWSL to the National Women's Soccer League reported that they
- 9:25Speaker 3: generated seventy five million dollars in sponsorship deals. Now you
- 9:28Speaker 3: would say that's a tremendous increase sixteen percent year over
- 9:31Speaker 3: year growth, continuing to show trajectory on the upward swing. However,
- 9:36Speaker 3: as somebody who grew up in the media industry, it's
- 9:38Speaker 3: really important to dimensionalize that number. Well, that number split
- 9:41Speaker 3: across four hundred and forty one brand partners. When you
- 9:44Speaker 3: do basic division, that means the average value of an
- 9:47Speaker 3: annual deal is one hundred and seventy thousand dollars. So
- 9:50Speaker 3: when you hear that as an advertiser, you're like, oh,
- 9:52Speaker 3: this is accessible, this is efficient. But then I take
- 9:55Speaker 3: it a step further and you really start to speak
- 9:58Speaker 3: media math and get under the hood with advertisers who
- 10:00Speaker 3: have to make the business case and are like, well,
- 10:02Speaker 3: is that a lot? Is that a little? What do
- 10:04Speaker 3: I even get for that? And when I quickly explain
- 10:06Speaker 3: to them, well, let's talk on average and what you
- 10:08Speaker 3: spend in sports. From a men's perspective, the average thirty
- 10:12Speaker 3: second spot in the Super Bowl last year was seven
- 10:14Speaker 3: to eight million, So for seven eight million, you could
- 10:16Speaker 3: own the whole damn thing. Further, microscopic example, a thirty
- 10:20Speaker 3: second spot in the Major League Baseball World Series with
- 10:23Speaker 3: no specific guarantees is four hundred and fifty to five
- 10:26Speaker 3: hundred and fifty thousand dollars. So for a fourth of
- 10:29Speaker 3: the price you pay for thirty seconds of television time
- 10:31Speaker 3: during Major League Baseball World Series, of which you know,
- 10:33Speaker 3: if it's a blowout, you might not even see, one
- 10:37Speaker 3: hundred and seventy thousand dollars, I can own eight months
- 10:39Speaker 3: worth of inventory. That's the way we like to explain
- 10:42Speaker 3: it to advertisers. And so I think we're way past
- 10:45Speaker 3: the charity recognizing opportunity, and now how do you make
- 10:48Speaker 3: it so that it's an easy yes to get to
- 10:50Speaker 3: in terms of evaluating it as a real, tangible opportunity.
- 10:54Speaker 1: You've mentioned that this came up in twenty four, this dator,
- 10:57Speaker 1: you found a deep blue in twenty three. So what
- 10:59Speaker 1: they're another key moment that you said, okay, now it's
- 11:02Speaker 1: time to do it. Were you approached by your network,
- 11:06Speaker 1: you know, mentors, whoever you knows that Okay, this is
- 11:09Speaker 1: something you have to do though, because you're the only
- 11:11Speaker 1: one you can do it. What was the moment maybe
- 11:13Speaker 1: or was it a process over the years that you decided, Okay,
- 11:16Speaker 1: now it's time to do it.
- 11:17Speaker 3: Sure, there was a light bulb moment. It actually goes
- 11:19Speaker 3: back far beyond twenty three. It was pre COVID twenty nineteen.
- 11:22Speaker 3: During the Women's World Cup at twenty nineteen in France,
- 11:25Speaker 3: the US women's national team had lifted the trophy for
- 11:27Speaker 3: the fourth time, and it was also the same year
- 11:30Speaker 3: that they had sued their employer in US Soccer for
- 11:32Speaker 3: equal pay and won. And there was this climatic moment
- 11:36Speaker 3: where the crowd starts chanting equal pay instead of USA.
- 11:40Speaker 3: And I tell this story often about how the broadcasters
- 11:43Speaker 3: were really excited, but the advertising community didn't budge. I
- 11:48Speaker 3: was very curious as to why, for the second time
- 11:51Speaker 3: in as many decades ninety nine and now in twenty nineteen,
- 11:54Speaker 3: you're seeing consumer demand but advertisers paying little to no attention,
- 11:59Speaker 3: let alone interest and investing or getting under the hood.
- 12:01Speaker 3: And what we quickly realized, Christian is it wasn't a
- 12:04Speaker 3: story issue. The narratives were there, It wasn't a product
- 12:07Speaker 3: issue that US women's national team alone had been one
- 12:09Speaker 3: of the best to ever do it for decades.
- 12:12Speaker 2: It was a systems issue.
- 12:13Speaker 3: We had advertisers evaluating women's sports on the same currency
- 12:17Speaker 3: and metrics, which is reach and efficiency as they were mens.
- 12:21Speaker 3: And so if you have a dollar to spend and
- 12:23Speaker 3: your tasked with finding as many eyeballs as possible, as
- 12:25Speaker 3: efficiently as possible, and I present you Sunday Night football
- 12:28Speaker 3: versus the WNBA Playoffs, you don't have to justify one
- 12:31Speaker 3: of those decisions. And that's where your money's going nine,
- 12:33Speaker 3: if not ten out of ten times. And so it
- 12:35Speaker 3: was a systems issue, one of these things I'm sure
- 12:37Speaker 3: as an entrepreneur you can relate to. You go to
- 12:40Speaker 3: sleep thinking about, you wake up thinking about, and it's like,
- 12:43Speaker 3: I've got to put this to the test. And so
- 12:45Speaker 3: fast forward to twenty three. I ended up posting the
- 12:48Speaker 3: Business of Women's Sports on at the first annual in
- 12:51Speaker 3: April of that year, not knowing if anybody would even
- 12:54Speaker 3: show up, but knowing this could be a determinant as
- 12:57Speaker 3: to whether or not the advertising market would respond.
- 12:59Speaker 2: Not all these did people show up. We sold out
- 13:01Speaker 2: the room.
- 13:02Speaker 3: Marketers were flying from all over the country, and you
- 13:04Speaker 3: know this, to spend your own money and fly cross
- 13:07Speaker 3: country to spend a day on a subject matter that
- 13:10Speaker 3: isn't necessarily part of the mainstream, right, you know, there's interest,
- 13:13Speaker 3: there's intrigue, and so it was one of those I
- 13:16Speaker 3: walked off the stage and it was like, how much
- 13:18Speaker 3: more validation and signaling do I need to take a swing?
- 13:22Speaker 3: And so got to work, dusted off a business plan
- 13:24Speaker 3: and within six months, following a deep listening tour, launched
- 13:27Speaker 3: the business and thanks to the Final Four tournament in
- 13:31Speaker 3: April of twenty four when the world met Caitlin Clark
- 13:34Speaker 3: and Angel Reese, it's been lights out ever since. And
- 13:37Speaker 3: so a lot of work went into the founding of it.
- 13:40Speaker 3: But I don't think anyone, whether you were new or
- 13:43Speaker 3: in the space, could have predicted the trajectory of what
- 13:45Speaker 3: would have happened over the last eighteen months.
- 13:48Speaker 1: What a great story, and I think you agree. Sometimes
- 13:50Speaker 1: it's not necessary to come up with the brand new
- 13:53Speaker 1: idea the world hasn't seen yet, But it's about timing, right,
- 13:56Speaker 1: and to come up with one hundred percent that year
- 13:58Speaker 1: about timing and you did it. You did it. What
- 14:00Speaker 1: is the hottest myth to break when you started to
- 14:03Speaker 1: talk to people and brands and decision makers, is it
- 14:06Speaker 1: that women's sports don't have the audience. Is it that
- 14:09Speaker 1: there is no money connected to this? What was the
- 14:12Speaker 1: hottest or the biggest hurdle to convince people to get
- 14:15Speaker 1: into the game.
- 14:17Speaker 2: How much time do we have?
- 14:19Speaker 3: All of the above, and I think again comes back
- 14:21Speaker 3: to well, what do you typically equate success with? And
- 14:24Speaker 3: then what are the barriers to achieving it? It's very
- 14:27Speaker 3: hard to say. And in classic chicken EG scenario, well,
- 14:30Speaker 3: you know women's sports, there's no money coming in. Well,
- 14:33Speaker 3: advertising dollars and media rights are determined based on audience.
- 14:37Speaker 3: But if the thing isn't on TV broadcast, let alone
- 14:40Speaker 3: in prime time, how do you develop the audience to
- 14:42Speaker 3: bring the money? And so it really had to require
- 14:45Speaker 3: champions who believed in the product, could see the vision,
- 14:49Speaker 3: could see the opportunity, who were listening to the rabbit
- 14:52Speaker 3: fans who have been part of this ecosystem for decades,
- 14:55Speaker 3: to play some early bets, and there were advertisers who did.
- 14:59Speaker 3: I always give credit to Andrew Brimmer and the team
- 15:01Speaker 3: at Ally Financial for placing a bet when this wasn't
- 15:04Speaker 3: the popular thing, saying a few years back, we're going
- 15:06Speaker 3: to commit for every dollar we spend in men's we're
- 15:08Speaker 3: going to spend in women's on an equal footing within
- 15:10Speaker 3: a determinate amount of years, creating a real tangible number
- 15:13Speaker 3: that they needed to achieve. Andrew tells us all the time,
- 15:16Speaker 3: you get into the space and there's actually not enough
- 15:18Speaker 3: inventory to buy, and so you know you've got this
- 15:22Speaker 3: systemic challenge that is multi layered and multifaceted that I
- 15:26Speaker 3: think really just require dedicated attention. When Andrew placed that bet,
- 15:31Speaker 3: you could probably hear a pin drop.
- 15:32Speaker 2: People didn't really react.
- 15:34Speaker 3: Were they're reacting Now you can't even get in and
- 15:37Speaker 3: that's just a few years ago.
- 15:39Speaker 1: Who else is following this example? Are these more than
- 15:41Speaker 1: your brands? The younger brands? Is that the mix of
- 15:43Speaker 1: bose Do you see a difference in terms of how
- 15:45Speaker 1: they behave.
- 15:47Speaker 2: A mix of both.
- 15:47Speaker 3: So there have been legacy brands who have I would
- 15:50Speaker 3: say always been and we're early believers in the space.
- 15:53Speaker 3: Although those brands now recognize they can't rest on their
- 15:55Speaker 3: first mover position. There is so much new money coming
- 15:59Speaker 3: in that's saying I here first or I was here early,
- 16:02Speaker 3: is no longer enough to keep up with the pace
- 16:04Speaker 3: in trajectory, especially when you have so many new and incremental
- 16:06Speaker 3: fans coming into the space. So those brands who were
- 16:09Speaker 3: there early you see really thinking about innovation and ingenuity.
- 16:13Speaker 3: How do they find incremental gains, new ways of showing
- 16:15Speaker 3: up to meet the modern market, the new market as
- 16:18Speaker 3: well as the new fans. And then you're seeing a
- 16:20Speaker 3: great number of net new brands, I would say, non
- 16:23Speaker 3: endemics to the women's sports or maybe sports space period
- 16:26Speaker 3: who are recognizing this growth, recognizing the get in price
- 16:30Speaker 3: of where they can align Today. I talked about that
- 16:32Speaker 3: one hundred and seventy thousand dollars to be a league sponsor.
- 16:35Speaker 3: You're not getting that type of inroad in men's sports.
- 16:38Speaker 3: We work with brands like Vagisil who first time ever
- 16:41Speaker 3: spending in the space. We broke it to deal with
- 16:43Speaker 3: them with the New York Liberty and the WNBA. The
- 16:45Speaker 3: same thing with Bumble last year as they were coming
- 16:48Speaker 3: in and around the w as well. And so these
- 16:50Speaker 3: are brands who had historically not spent in women's sports
- 16:53Speaker 3: and were now recognizing that not only was it part
- 16:56Speaker 3: of the cultural zeitgeist, that there were real tangible returns
- 16:59Speaker 3: in terms of the audience being there. I think everybody's
- 17:01Speaker 3: really trying to figure out the best opportunity to find
- 17:05Speaker 3: their lane and do it with staying power in.
- 17:08Speaker 1: Terms of media and media coverage and media business. And
- 17:11Speaker 1: you have a great experience in this as well. So
- 17:13Speaker 1: now is all the athletes having their own platforms and
- 17:16Speaker 1: media companies doesn't mean a massive change for your daily
- 17:20Speaker 1: work with them not being you know, just with a
- 17:22Speaker 1: single person in the room, but dealing with a whole
- 17:25Speaker 1: bunch of team members and probably different opinions.
- 17:28Speaker 3: With athletes in particular. It's really interesting for a number
- 17:31Speaker 3: of reasons. So when you think about us living in
- 17:33Speaker 3: a media era where I would argue it's individual over institution,
- 17:37Speaker 3: the athletes absolutely hold the influence and the impact and
- 17:40Speaker 3: comparison to the leagues and the teams. I often cite
- 17:43Speaker 3: numbers like Angel Rees for example, has four point five
- 17:45Speaker 3: plus million followers on Instagram alone.
- 17:48Speaker 2: I think the WNBA has less than a third of that.
- 17:50Speaker 3: So when you look at the sheer scale size and influence,
- 17:54Speaker 3: and these athletes, many of them because they have had to,
- 17:57Speaker 3: not many maybe because they wanted to, but it's how
- 17:59Speaker 3: they're bilding their businesses and their brands off the court,
- 18:02Speaker 3: are leveraging and disintermediating traditional media to bypass. Less than
- 18:07Speaker 3: fifteen percent coverage of total sports goes to women's sports.
- 18:10Speaker 3: So if you're not getting the airtime, you have to
- 18:12Speaker 3: create it, and they're going to platforms like social to
- 18:15Speaker 3: do so. That coupled with this next generation who I'm
- 18:18Speaker 3: so enamored by, who is taking the reins on the
- 18:21Speaker 3: nil ruling and running with it in every which direction
- 18:25Speaker 3: to maximize their returns during their college and now high
- 18:28Speaker 3: school years. It is interesting to see how you have
- 18:31Speaker 3: so many of these young, up and coming emerging athletes
- 18:34Speaker 3: who are becoming multi hyphenates before they become professionals. That's
- 18:37Speaker 3: very exciting because what it presents our athletes who have
- 18:40Speaker 3: business sensibility. They understand the value of partnership, sponsorship, building community,
- 18:45Speaker 3: building fan base.
- 18:47Speaker 2: They know what their fans are looking for.
- 18:49Speaker 3: There's a level of authenticity that they demand and that
- 18:51Speaker 3: makes for sharper advertising and more effective outputs.
- 19:06Speaker 1: Do you think it's more for brands to get even
- 19:08Speaker 1: better familiar with the newer platforms or the modern platforms
- 19:11Speaker 1: or the state of the air platforms, however we call it,
- 19:14Speaker 1: or is it still a kind of misunderstanding how to
- 19:18Speaker 1: actually connect with fans through women's sports. In other words,
- 19:22Speaker 1: do you see brands need to still learn about the
- 19:25Speaker 1: difference between you know, fans supporting women's sports than men's sports,
- 19:29Speaker 1: or is it more about the new platforms in general.
- 19:32Speaker 3: It's a great question, the multi faster one. So what's
- 19:34Speaker 3: interesting about men's sports versus women's is there's actually relatively
- 19:39Speaker 3: low overlap. I just had the opportunity to go on
- 19:41Speaker 3: Alex Rodriguez's podcast, The Deal, and he asked a similar
- 19:44Speaker 3: question as the new owner of the WNBA Links in Minnesota,
- 19:49Speaker 3: and he was surprised to find out it was single
- 19:50Speaker 3: digit crossover between his men's and women's team. So there's
- 19:53Speaker 3: a lot of education that has to happen. And with
- 19:55Speaker 3: that lack of crossover, the need to understand, well, then,
- 19:59Speaker 3: who is this ninety percent plus debt new audience that
- 20:02Speaker 3: I'm going to achieve, perhaps in the same market of
- 20:04Speaker 3: a men's team I'm invested in. So I think yes,
- 20:07Speaker 3: learning the consumer, their habits, their likes, their dislikes. The
- 20:10Speaker 3: women's sports community is a very unforgiving one. These are
- 20:13Speaker 3: people who are rabid fans that have been here before
- 20:15Speaker 3: this was popular, and they drive accountability from those who
- 20:18Speaker 3: are coming into the space, holding brands to a level
- 20:21Speaker 3: of understanding that I haven't seen in many other industries
- 20:26Speaker 3: and verticals. So I think that's part one, and then
- 20:28Speaker 3: part two, how they're showing up in different capacities and
- 20:31Speaker 3: how these athletes are now leveraging the broader ecosystem. I'm
- 20:34Speaker 3: starting to see more female athletes on LinkedIn in the
- 20:37Speaker 3: last six to nine months than I've seen in my
- 20:39Speaker 3: entire life, and I think that's a signal.
- 20:41Speaker 2: It's interesting.
- 20:42Speaker 3: And the content that you see them engaging with their
- 20:44Speaker 3: and how they're trying to connect with the advertising community
- 20:47Speaker 3: or the business community wildly different than what they're doing
- 20:50Speaker 3: when they're dancing on TikTok. Right, it's not a one
- 20:52Speaker 3: size fits all, like anything, I think learning the audience
- 20:55Speaker 3: and what they're after. But then how do you segment
- 20:57Speaker 3: your messaging and your activation across the platforms to best
- 21:00Speaker 3: connect with the fan bases.
- 21:01Speaker 1: Which platform do you use most for your own kind
- 21:04Speaker 1: of content or sharing information? Is it LinkedIn?
- 21:08Speaker 3: It is LinkedIn? I'm not on TikTok, I am not
- 21:11Speaker 3: TikTok dancing. I don't think anybody wants to see that,
- 21:13Speaker 3: but obviously, as somebody in this industry, I'm very well
- 21:15Speaker 3: versed on all the different facets. But when I look
- 21:18Speaker 3: at what we're trying to build Deep Blue as a
- 21:20Speaker 3: B to B company, and so it's important for us
- 21:22Speaker 3: to support our community and our industry with as much thought, leadership, insights,
- 21:28Speaker 3: and guidance and examples as possible. And so I'm regularly
- 21:31Speaker 3: on there sharing what we're seeing in real time and
- 21:34Speaker 3: hopes that for someone that may be the difference between
- 21:36Speaker 3: spending nothing versus spending something.
- 21:38Speaker 1: We talk about new brands, whether it's more the established brands,
- 21:41Speaker 1: but definitely the are brands coming into the women's sports
- 21:43Speaker 1: world now coming from different industries, right, not the traditional
- 21:46Speaker 1: linked industries. For could be finance, could be beauty, of course,
- 21:50Speaker 1: do they reshape the type of stories and campaigns we
- 21:53Speaker 1: are seeing because of their business background? Is that a
- 21:56Speaker 1: big shift because of their products and services to the
- 22:00Speaker 1: fans of women's sports?
- 22:01Speaker 3: One hundred percent. And I'll even stay within a category
- 22:04Speaker 3: that has been endemic. So financial service is probably one
- 22:06Speaker 3: of the biggest most active categories in sports period, but
- 22:09Speaker 3: particularly in women's sports. It's definitely one of the higher
- 22:12Speaker 3: spending categories. I think many of them have shown up
- 22:15Speaker 3: historically in the space with the tried and true playbook,
- 22:18Speaker 3: and we know what that is, right, it's presenting sponsorships,
- 22:21Speaker 3: it's naming awards, it's showing up on led boards around
- 22:24Speaker 3: the court. But again, hard pressed to recognize that this
- 22:28Speaker 3: is a different audience in a different environment, certainly cultural
- 22:31Speaker 3: time that we're in. I had the opportunity to work
- 22:34Speaker 3: with mass Mutual on a campaign earlier this year. Mass
- 22:37Speaker 3: Mutual one hundred plus year olds financial institution focus on
- 22:40Speaker 3: protecting the ones you love and insurance, and came across
- 22:43Speaker 3: an insight that an alarming number of women.
- 22:46Speaker 2: Do not have financial confidence.
- 22:48Speaker 3: And when you marry that with the cultural zeitgeist, and
- 22:51Speaker 3: how do you take a statistic that's jarring but really
- 22:54Speaker 3: humanize it and bring it through in a way that
- 22:56Speaker 3: is relatable and accessible. Women's sports presents that approachability. I
- 23:00Speaker 3: think even unlike men's sports, there's a level of access
- 23:03Speaker 3: that exists in women's sports where you could get up
- 23:05Speaker 3: close to the athletes in ways that you know historically
- 23:09Speaker 3: in the sports industry we have not, and so it's disarming.
- 23:12Speaker 3: And so instead of coming out with your classic approach
- 23:15Speaker 3: to highlighting that number and talking about products and Services.
- 23:19Speaker 3: We went a different direction and we engage three athletes
- 23:22Speaker 3: at three different parts of their career, one being an
- 23:24Speaker 3: emerging collegiate superstar and Flage Johnson, who plays for LSU,
- 23:28Speaker 3: who's not only a basketball player, she's also a recording artist,
- 23:31Speaker 3: a true multi hyphen in every sense of the word.
- 23:34Speaker 3: We also had Madison Keys, who's been on the tennis
- 23:37Speaker 3: circuit for quite some time, who had just come off
- 23:39Speaker 3: the Australian Open victory, her first Grand Slam win, as
- 23:43Speaker 3: well as Kristin Press, who's been a veteran on the
- 23:45Speaker 3: US women's national team, a current player for Angel City,
- 23:48Speaker 3: and we start talking about the different stages of financial confidence,
- 23:51Speaker 3: the growth, the team that you need, and instead of
- 23:54Speaker 3: again coming out with a classic financial service ad, we
- 23:57Speaker 3: created something so cinematic that Parawai's these women for their journeys,
- 24:02Speaker 3: the work that they put in, the outputs that they achieve,
- 24:05Speaker 3: to demonstrate that through the rise of their careers, the
- 24:09Speaker 3: team that they would need to achieve their success not
- 24:11Speaker 3: only on the field or on the court, but off
- 24:13Speaker 3: of it as well, and that extends to their finances
- 24:15Speaker 3: as many of them are increasing their earning potential as
- 24:17Speaker 3: the space continues to grow. So we hired an incredible director,
- 24:21Speaker 3: We had an all female production team behind the scenes
- 24:24Speaker 3: and obviously in front of the camera with our talent,
- 24:26Speaker 3: tell this story in a way Christian that you know
- 24:30Speaker 3: you just hadn't seen done. And also to recognize that
- 24:32Speaker 3: this wasn't a women's sports ad. This was a brand
- 24:34Speaker 3: ad that featured female athletes, and so it didn't just
- 24:37Speaker 3: run in women's sports content. It ran across NCAA, March
- 24:41Speaker 3: Mandness tournament in general men's and women's competition. It was
- 24:44Speaker 3: on business platforms, news platforms, sports platforms all the way
- 24:47Speaker 3: through the NBA Finals, And it was really to send
- 24:50Speaker 3: a message in normalizing the conversation, certainly around the female
- 24:53Speaker 3: financial confidence gap, but to also leverage the influence of
- 24:57Speaker 3: these athletes not just because they were women who play sport,
- 25:01Speaker 3: but because they are talented athletes and business people on
- 25:04Speaker 3: a journey. And so I think that was just such
- 25:06Speaker 3: a great manifestation of what we're talking about and going
- 25:09Speaker 3: a layer deeper and developing strategy.
- 25:11Speaker 1: Talk about opportunities. Do you see or would you like
- 25:14Speaker 1: to see a complete new sponsorship opportunity and format to
- 25:18Speaker 1: be introduced using women's sports platforms which doesn't exist yet.
- 25:22Speaker 1: Do you have something in mind?
- 25:23Speaker 2: So I'm glad you asked this.
- 25:25Speaker 1: Quite okay, what is it?
- 25:26Speaker 3: Okay, we talked about the media model not serving the
- 25:29Speaker 3: current ecosystem in terms of where women's sports are today.
- 25:32Speaker 2: Historically haven't had the reach.
- 25:33Speaker 3: Historically, haven't had the technology, the data, all of the
- 25:36Speaker 3: things that we need to make the business case from
- 25:38Speaker 3: a media buying perspective. And so you're like, okay, well,
- 25:41Speaker 3: if it's not a CPM basis, what is it? And
- 25:44Speaker 3: something I would really love to push the media industry
- 25:47Speaker 3: on is right sizing the opportunity not just in terms
- 25:50Speaker 3: of what we're selling, but how we're selling it, and
- 25:53Speaker 3: thinking about ways we can engage advertisers to come in.
- 25:56Speaker 3: Perhaps it's through a flat fee, an engagement based model,
- 25:59Speaker 3: a product lead model. I would just love to see
- 26:02Speaker 3: ways that we can step outside the box and recognize
- 26:06Speaker 3: that we cannot sell something for what it inherently cannot
- 26:08Speaker 3: deliver on if you're going to gate keep it behind paywalls,
- 26:11Speaker 3: if you're not going to put it in prime time,
- 26:14Speaker 3: if the argument is we need more audience than it
- 26:16Speaker 3: needs to come from behind those barriers, and if it's
- 26:19Speaker 3: that there's not enough ad dollars coming in. Well, perhaps
- 26:22Speaker 3: we need more content and so just finding ways to
- 26:24Speaker 3: work with advertisers that goes beyond the system. That is
- 26:28Speaker 3: a very quick and easy sell that we're all very
- 26:30Speaker 3: comfortable and know in this industry to really create the
- 26:33Speaker 3: value versus just transacting in the limited version of it.
- 26:37Speaker 1: Have you already identified those advertisers who are keen to
- 26:40Speaker 1: do this and to join you on this, Johnny.
- 26:41Speaker 2: Yeah, I give you a great example.
- 26:43Speaker 3: We're going to be premiering a documentary called the Fastest
- 26:46Speaker 3: Six Weeks in Sports that Deep Blue co produced with Ensemble,
- 26:50Speaker 3: which is a company co founded by Ray focus on
- 26:53Speaker 3: the creator economy as well as Religion of Sports, which
- 26:56Speaker 3: best in class sports production company, and the heart and
- 26:59Speaker 3: fast rule. You have to put together brief and you
- 27:02Speaker 3: have to go get at finance. Then you have to
- 27:03Speaker 3: find a distributor. By the time you make the thing,
- 27:05Speaker 3: we are all the way over here. So in a
- 27:08Speaker 3: sort of roundabout way, understanding the brand market and the
- 27:11Speaker 3: desire for brands to get around more content and be
- 27:14Speaker 3: able to influence and shape it as well as their
- 27:17Speaker 3: narrative within it and alongside it, we decided to go
- 27:20Speaker 3: a different route, and that was to work directly with
- 27:22Speaker 3: brands and executive production roles to underwrite and finance the projects.
- 27:27Speaker 3: So now we are able to make the thing while
- 27:30Speaker 3: simultaneously meeting those production dollars with media dollars to ensure
- 27:35Speaker 3: not only we're making it, but that it's discoverable, so
- 27:38Speaker 3: that we're promoting it, we're driving tune in, building ancillary
- 27:41Speaker 3: content around it, et cetera to increase the likelihood of viewership.
- 27:46Speaker 3: So our first doc, The Fastest Six Weeks, which is
- 27:48Speaker 3: an incredible story about collegiate athletes coming from the final four.
- 27:52Speaker 3: There's literally six weeks between the time they finish that
- 27:54Speaker 3: tournament to the time they enter the league for the
- 27:57Speaker 3: WNBA tip off, which is just incredible. And thanks to
- 28:00Speaker 3: the brand partners we're working with on that, which include
- 28:03Speaker 3: Uncrustables as well as door Dash and a couple of
- 28:06Speaker 3: others will be announcing soon that have come on to
- 28:09Speaker 3: support that, and Roku who was quick to support as
- 28:12Speaker 3: a distribution partner alongside YouTube and a few others. So
- 28:15Speaker 3: just an example of ways to get and market quickly
- 28:17Speaker 3: with ideas and not be encumbered by legacy systems.
- 28:21Speaker 1: Do you feel that women today have more freedom all,
- 28:24Speaker 1: let's say flexibility, or feel more pressure to share multi
- 28:27Speaker 1: dimensional stories off the field, like around motherhood, activism, mental health.
- 28:33Speaker 3: Oh, I don't think they feel pressure at all. I
- 28:34Speaker 3: think they're asking for the microphone. I think that these
- 28:37Speaker 3: are stories that are inherently part of who we are.
- 28:40Speaker 3: I've heard so many athletes say sports aren't who I am,
- 28:43Speaker 3: It's what I do, and it's just one piece of
- 28:47Speaker 3: the layers of the people that we're talking about. Many
- 28:50Speaker 3: athletes are embracing the opportunity to tell your stories, and
- 28:53Speaker 3: there's been so many great examples athletes starting podcasts, starting
- 28:56Speaker 3: full on media companies, making sure that they are showing
- 29:00Speaker 3: the different dimensions of who they are as people off
- 29:04Speaker 3: the court, because the reality is, the on court component
- 29:07Speaker 3: of it has limitations. Currently where we are today, there
- 29:09Speaker 3: are real stealings in terms of the income earning potential
- 29:13Speaker 3: for female athletes as competitors off the court.
- 29:17Speaker 2: Whole different story.
- 29:18Speaker 3: I truly believe today women's sports is more valuable off
- 29:21Speaker 3: the court that it is on. And so when you
- 29:24Speaker 3: think about the need to create those exposure and access
- 29:27Speaker 3: points to bring in new fans, certainly but new brand
- 29:30Speaker 3: partners especially, I think it's a necessary part of the model.
- 29:35Speaker 1: When scouts are looking for athletes, are there looking for
- 29:38Speaker 1: their voices and values as much as for their performance.
- 29:42Speaker 1: Is it Bose?
- 29:43Speaker 3: It's such a great question and one that's interesting and
- 29:47Speaker 3: dependent by market.
- 29:48Speaker 2: What we see in the US is one that.
- 29:50Speaker 3: Is highly highly commercial driven, and so on paper, the
- 29:54Speaker 3: ones that are driving the biggest stats aren't necessarily the
- 29:57Speaker 3: ones that are leading the charge commercially and vice versa,
- 30:00Speaker 3: and so it is interesting to think about what and
- 30:03Speaker 3: how athletes use to develop their business. I mean, look
- 30:06Speaker 3: at Alana mare Usa rugby. This is not a sport
- 30:09Speaker 3: in the US in particular that is part of the
- 30:11Speaker 3: mainstream cultural zeitgeist. Well, lon O mar got everybody thinking
- 30:14Speaker 3: about rugby and how she has leveraged that opportunity in
- 30:18Speaker 3: the Olympics in Paris to build a platform for herself
- 30:21Speaker 3: which is so multifaceted. This is a fantastic example of
- 30:25Speaker 3: where I think athletes who are commercially minded recognizing hey,
- 30:29Speaker 3: there's a shelf life to this thing. Women are showing
- 30:32Speaker 3: up and controlling the controllables by using their platforms and
- 30:34Speaker 3: their narrative to build their businesses is phenomenal different in
- 30:37Speaker 3: other parts of the world, you know, where you see
- 30:39Speaker 3: like football is Life, to quote one of my favorite shows,
- 30:43Speaker 3: Dead Lasso. But in the European markets, which I would
- 30:45Speaker 3: say at a different phase in terms of the commercialization
- 30:48Speaker 3: of the women's game performance rules above all else, I
- 30:53Speaker 3: think that is changing. I think the athletes are demanding
- 30:55Speaker 3: it and particularly keen to watch what happens in the
- 30:58Speaker 3: Women's Super League this year in Europe in the US
- 31:00Speaker 3: in their football season, soccer season for US in the
- 31:03Speaker 3: States to see how these athletes, particularly those who are
- 31:06Speaker 3: coming off winning the Euros and the Lions's that are
- 31:09Speaker 3: in that league, are going to use this platform in
- 31:11Speaker 3: this moment to absolutely build their off pitch brands and
- 31:15Speaker 3: commercial opportunities. Accordingly, I think it's a domino effect that's
- 31:19Speaker 3: happening across the world. I think the US has led
- 31:21Speaker 3: the way for so long, but thanks to social media
- 31:23Speaker 3: and the wide range of knowledge share that is happening
- 31:26Speaker 3: freely across the Internet and the networks that exist, I
- 31:30Speaker 3: do think you're going to see a continued rise that
- 31:32Speaker 3: will expand far beyond the borders here.
- 31:35Speaker 1: So I've mentioned Allison Felix and your partnership with her.
- 31:39Speaker 1: In my intro did a John venture was Always Alpha,
- 31:42Speaker 1: which is a company? Tell us about that, you know,
- 31:45Speaker 1: what do you have in mind with this partnership and
- 31:47Speaker 1: where will it be in New Year's time.
- 31:49Speaker 3: Always Alpha was founded by Alison Felix, as you alluded
- 31:52Speaker 3: to USA Track and Field Icon, along with her partners
- 31:56Speaker 3: West Felix and Cassette Chaput, and their ambition was to
- 32:00Speaker 3: create a talent management firm that was exclusively dedicated to
- 32:02Speaker 3: the needs of female athletes. When they came online earlier
- 32:06Speaker 3: last year, it presented a really interesting proposition in terms
- 32:10Speaker 3: of basically cornering the market. For lack of a better
- 32:12Speaker 3: way of saying it, Deep Blue was really focused on
- 32:14Speaker 3: the commercial side deal flow, thinking about how we get
- 32:17Speaker 3: brands involved in the space. And as somebody's in the industry,
- 32:19Speaker 3: you control the money, you control the market, and so
- 32:21Speaker 3: inasmuch as we could influence as well as educate where
- 32:25Speaker 3: brand investment was going, we would have a seat at
- 32:27Speaker 3: the table. Well, the other side of that coin is
- 32:30Speaker 3: influence and who's driving that, as we talked to earlier
- 32:33Speaker 3: in this episode, are the athletes. And so if you
- 32:36Speaker 3: could maintain a world where you had a vantage point
- 32:40Speaker 3: that included both where dollars were moving but also where
- 32:43Speaker 3: influence was commanding. Now, all of a sudden, you have
- 32:47Speaker 3: a vantage point in this industry in particular that has
- 32:50Speaker 3: never coexisted, and so it was a bit of a
- 32:53Speaker 3: no brainer after a series of conversations with the Always
- 32:56Speaker 3: Alpha leadership team to say, hey, not only can we
- 32:59Speaker 3: support you with deal flow strategy all the things that
- 33:01Speaker 3: we're seeing from a commercial perspective, you can also help
- 33:04Speaker 3: inform the way those deals are moving based on the influence,
- 33:07Speaker 3: trends and first looks that your athletes are seeing that
- 33:12Speaker 3: very few have the opportunity to do.
- 33:13Speaker 2: In a first person basis.
- 33:15Speaker 3: So we formed a joint venture Shook Hands, with the
- 33:18Speaker 3: intent to become the world's largest firm dedicated to servicing
- 33:22Speaker 3: the women's sports commercial industry alongside the female athlete talent
- 33:26Speaker 3: management business.
- 33:27Speaker 1: Wow, that's an ambitious goal and I'm sure you will
- 33:30Speaker 1: be there very soon, sooner than later. Talk about partnerships
- 33:33Speaker 1: also with ATHLETs. Is there a dream partner could be
- 33:35Speaker 1: an athlet, could be maybe a brand or a leak.
- 33:38Speaker 1: Is there a dream partner for Deep Blue? You know
- 33:40Speaker 1: you're looking for you would like to partner with.
- 33:43Speaker 3: For me, it's not individuals specific in as much as
- 33:47Speaker 3: it's about innovation and ingenuity, and it's finding and aligning
- 33:50Speaker 3: with partners who are going to push the bounds on
- 33:53Speaker 3: what confines the industry today. Really those who are not
- 33:57Speaker 3: just interested in getting in it for the short term,
- 33:59Speaker 3: but really vested in finding ways to extrapolate it for
- 34:02Speaker 3: the long term. And there's some great examples of athletes
- 34:04Speaker 3: I mentioned Flaje Johnson earlier.
- 34:06Speaker 2: Who're just doing it different.
- 34:08Speaker 3: There's a very real path for this woman where she
- 34:11Speaker 3: could have a number one single and be a number
- 34:14Speaker 3: one draft picked in the same year. That is pushing
- 34:17Speaker 3: the bounds on how we think about the world and
- 34:19Speaker 3: influence of talent as it relates to the sports and
- 34:22Speaker 3: entertainment industry. And then when you look at some of
- 34:24Speaker 3: the brands that are in and around the space who
- 34:26Speaker 3: are actively looking again not just to transact, but to transform.
- 34:30Speaker 3: Speaking back to that ally example, I mean there's so
- 34:32Speaker 3: many others who are thinking creatively.
- 34:35Speaker 2: Love to partner with them.
- 34:37Speaker 3: Also looking at people who are not just trying to
- 34:38Speaker 3: come in for a season, but really thinking about multi
- 34:41Speaker 3: year deals I think is important to drive longevity and
- 34:44Speaker 3: then just those that have complete abandon for doing things
- 34:47Speaker 3: the way they've been done. Great example of this is
- 34:49Speaker 3: what Nofisa Collier and Brandi Storret had built with unrivaled
- 34:52Speaker 3: feeling a real business need to create opportunities for their
- 34:56Speaker 3: peers in the WNBA and professional basketball to not have
- 34:59Speaker 3: to go overseas in the off season, not have to
- 35:01Speaker 3: leave their families to supplement their income, and in doing
- 35:04Speaker 3: so created a product that surpassed every metric they set
- 35:08Speaker 3: out to.
- 35:08Speaker 2: Achieve in Your one alone.
- 35:09Speaker 3: And so the amount of innovation and blank canvas that
- 35:12Speaker 3: exists here is what excites me. Christian and anybody who's
- 35:15Speaker 3: willing to come along for that ride.
- 35:16Speaker 2: We're absolutely game to lock in with.
- 35:18Speaker 1: I love it. So we talked a lot about what
- 35:21Speaker 1: you're currently doing and looking back, you've built platforms, You've
- 35:24Speaker 1: built podcasts and summits and even soccer clubs. I mean,
- 35:28Speaker 1: what a range once one thing which is still missing
- 35:31Speaker 1: in women's sports that you would love to intend maybe
- 35:34Speaker 1: as part of D Blue, maybe outside of D Blue,
- 35:37Speaker 1: is anything else?
- 35:38Speaker 3: Oh?
- 35:38Speaker 2: I intend to own teams.
- 35:40Speaker 3: I absolutely love the idea of an endgame being not
- 35:44Speaker 3: just building a portfolio of assets, whether that includes content, media,
- 35:48Speaker 3: certainly consulting, business and services, but the ability to get
- 35:52Speaker 3: back on the pitch, be around the athletes, to influence
- 35:56Speaker 3: the game day experience, really be part of the fabric
- 35:59Speaker 3: of what influencing from the outside right now. But building
- 36:02Speaker 3: it from the inside out is something that is not
- 36:05Speaker 3: just a matter of if. It really is a when
- 36:08Speaker 3: and so for me, it's a through line that isn't
- 36:10Speaker 3: just a vertical in nature. It's one that we absolutely
- 36:13Speaker 3: are thinking horizontally in terms of getting in and around
- 36:16Speaker 3: other ways we can impact and demonstrate proof of concept
- 36:19Speaker 3: to show the true tangible returns of what we believe
- 36:21Speaker 3: this industry delivers on Laura.
- 36:23Speaker 1: Let's say in five years time, when a young woman
- 36:25Speaker 1: is asked when she first fell in love with sports,
- 36:28Speaker 1: what do you hope her answer says about the future
- 36:31Speaker 1: you've built, we've built altogether for women's sports, Will it
- 36:34Speaker 1: be a different answer than today.
- 36:36Speaker 2: It's fascinating that you asked this question.
- 36:38Speaker 3: I literally just posted or reposted a quote from Alex Morgan,
- 36:42Speaker 3: who is just on the Call Her Daddy podcast. Alex
- 36:45Speaker 3: has a young daughter, and she talked about how she
- 36:48Speaker 3: hopes one day when her daughter is of age and
- 36:51Speaker 3: asked that question, presumably she will only ever have known
- 36:55Speaker 3: a world that is equal. I get chills saying that
- 36:57Speaker 3: out loud, because I think when you look at the
- 36:59Speaker 3: numbers today, but the steady progression of where they're moving,
- 37:02Speaker 3: and the conviction of what the women's sports industry and
- 37:04Speaker 3: community is committed to, and you'll hear it endlessly anybody
- 37:08Speaker 3: you ask, it's leave it better than we found it.
- 37:10Speaker 3: It very much is a pay it forward mentality, one
- 37:13Speaker 3: that certainly didn't start with Deep Blue. I mean, you
- 37:15Speaker 3: can go back fifty plus years thinking about all of
- 37:18Speaker 3: those who came before us and making bets and doing
- 37:21Speaker 3: the hard thing to ensure that the next generation has
- 37:25Speaker 3: what they need to be set up to succeed. And
- 37:26Speaker 3: so that quote that Alex shared sums it up quite beautifully.
- 37:30Speaker 1: All Right, thank you so much for this exciting and
- 37:33Speaker 1: super inspiring conversation. It was so much fun for me
- 37:36Speaker 1: and I'm sure everybody who's listening, and you know, you
- 37:39Speaker 1: remind us that women's sports isn't just about equally at time,
- 37:42Speaker 1: for sure not. It's about unleashing leadership. It's about rewriting
- 37:45Speaker 1: business models. It's about building movements that last. And you
- 37:49Speaker 1: are superstar and you're such a big mentor for so
- 37:51Speaker 1: many people, especially women. Of course, Thanks again for your
- 37:55Speaker 1: vision and voice, and to my audience out there. Keep
- 37:57Speaker 1: questioning the playbook, keep pushing the boundaries as Laura does,
- 38:01Speaker 1: and above all, keep turning possibilities into reality. This is
- 38:04Speaker 1: all about I see you all soon back for the
- 38:06Speaker 1: next episodes. Thank you so much, Laura, Thank you Christian,
- 38:10Speaker 1: Thanks thanks for tuning in everyone. Once again, I'm your host,
- 38:16Speaker 1: Christian More. If you have a question or suggestion to me,
- 38:19Speaker 1: reach out, send me the m on LinkedIn. If you're
- 38:22Speaker 1: curious to learn more about Possible, sign up for our newsletter,
- 38:25Speaker 1: or if you want to join us at the Possible
- 38:27Speaker 1: Show in Miami, visit possibleevent dot com. Possible Now is
- 38:32Speaker 1: a co production of iHeartMedia and Possible. Our executive producers
- 38:36Speaker 1: are Ryan Martz and Yasmin Melendez. Our supervising producer is
- 38:40Speaker 1: Meredith Barnes. Special thanks to Colleen Lawrence Mac from our
- 38:44Speaker 1: programming team. Our theme music is composed by Anthony Keatcoli.
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