To do the unexpected, so we can look back and wonder why we didnt act sooner. We seek to match long-term-oriented CEOs with long-term shareholders, enabling companies to play to their competitive advantageand we align ourselves with the outcome through our own capital. His clients seem to love him. As we move into our second decade, seeking to bolster our triple currency of creativity, community, and capital, we see our greatest strength in our relationships that have enabled us to even reach this point. Contact. One legendary media executive once said to me: When I was finding my way, we didnt even use the term entrepreneur. But the prominent investment banker isn't content to simply facilitate M&A transactions. As streaming comes down to earth, the creation of new content and experiences across all genresfrom video and music, to sports and gamingwill prioritize quality and originality. Your back catalog is depreciating rather than appreciating in line with traditional library economics. If you are interested in our program, please submit your resume to this posting. Companies will have to look inward to determine what they need to succeed, and what they dont. While I am humbled to be able to support my alma mater in this way, this partnership is an encapsulation of LionTrees purposewhich is to invest in assets in motion, to aid their momentum, and do so with creativity and community at the forefront. He is the founder and chief executive officer of LionTree LLC, a global investment and merchant banking firm focused on media . Summer Analyst Program 2023 USA Global Advisory Country: United States of America Division: Global Advisory Program: Summer Internship Duration: 10 weeks Programme Description Summer Analysts will focus on a broad range of Mergers and Acquisitions, Debt Advisory, Restructuring, and Equity Capital Markets advisory assignments. Companies with pricing power, greater control over their supply chains, and the ability to consolidate their advantages are in stronger positions. While the creator economy clearly impacts mindshare in our attention-driven economy and is something traditional media must learn to contend with, it also creates boundless potential. Linear broadcasters are maintaining respect when it comes to reaching scaled audiences, so leagues will want to continue to find new ways to monetize media rights between tech and traditional distribution to maximize their reach and income. The LionTree platform, spanning strategic and financial advisory, capital markets, and merchant banking, is meant to serve CEOs and entrepreneurs through any cycle. Toward these ends, we see several opportunities at play across the landscape. While this is difficult work, these leadership decisions are necessary. If you are interested in our program, please submit your resume to this posting.LionTree is an independent . Apply today at CareerBuilder! Boards approved strategies they never would have previously and will be even less likely to approve in the coming year. Select notable transactions include: advising Naver on its $1.2bn acquisition of Poshmark, Take-Two Interactive on its $12.7bn acquisition of Zynga, The Athletic on its sale to the New York Times, MGM Studios on its $8.5bn sale to Amazon, WarnerMedia (AT&T) and Discoverys ~$140bn merger, Viacom on its $47bn merger with CBS, Pandora on its $3.5bn sale to SiriusXM, and Charter on its $78.7bn acquisition of Time Warner Cable. A most recent case study is Qatarat first glance, seemingly an incongruous place to host a World Cup. The independent investment and merchant bank for creativity, community and capital 11/16/2022 5:48 PM. 1y. The most salient of these dynamics, the U.S./China rivalry, will be the defining feature of 21st century geopolitics; and this economic (hopefully not military) competition has implications for trade, currency, and commodity markets, and for globalized efficiency. Clearly one benefit of globalized trade in the recent super cycle has been its deflationary impact. Availabilities are open for our San Francisco office. They are the assets we hold most dear, and that we protect in response to scarcity, to bridge the gaps, and to come out stronger than before. While a decision against Google would seem to impose a crippling amount of legal risk on platforms, what is revealing is that the plaintiff does indeed have a case under the law, written two years before Google was founded in a garage. Twitters chaotic transition has been clarifying, prompting employees, investors, and the general public to think critically about the role we want this company to play in our societywhere words and actions do matter. LionTree CEO Aryeh Bourkoff is a master dealmaker.. We will have to wait and see if the trend keeps pace in Q4, which accounted for ~30% of the total buybacks for the full year 2021. . Location: New York, NY. Sometimes the best offense is a good defense. Summer Analysts will focus on a broad range of Mergers and Acquisitions, Debt Advisory, Restructuring, and Equity Capital Markets advisory assignments. If you encounter any sign in issues, please email events@liontree.com For instance, the Biden administrations CHIPS law, along with related restrictions, serves both to hamper Chinas military-industrial rise, and to revitalize American manufacturing of a critical resource. For companies with meaningful capital structure or liquidity issues, unfortunately it is time for recalibrationin expectations, ambitions, and the growth-at-all-cost mentality. If the first mountain is about building up the ego and defining the self. This year, we highlighted the music sector to our partners, which led to the formation of MUSIC, a joint venture to invest in the evolution of the music industry, backed by $200 million in longterm capital. This period of slowdown is temporary, in my view, but necessary to return to fundamental long-term growth. Most notable for Porsche, ~40% of the book was snapped up by just four investors, and ~75% was composed of only 20 investors. Most of us recognize that slowdowns are inevitable; the harder task is to accept the unpredictability that accompanies them. This past summer, we hosted a group in Israel to acquaint ourselves more closely with the entrepreneurs and investors driving innovation in the region, including AI and web3 applications, cybersecurity and data analytics, foodtech and climate tech, and more. Crypto Weekly Questions of responsibility and liability will soon be addressed by the Supreme Court. This perspective is crucial, because those who believe they see a light at the end of the tunnel as we head into the New Year may well be mistaken. To convene in a historic location in the middle of the desert and contemplate the vast potential of the future created the energy and friction inherent in the opportunities that we seek every day. BScMathematics Statistics and BusinessFirst Class Honours. Just as it did in the 80s, that dynamic will favor those who are self-aware and patient, aiming for long-term opportunity rather than chasing lower conviction near-term growth. Benefits include professional development sessions, networking opportunities, and mentorship. Not all change, however, is sustainablesometimes progress hits a brick wall and must be rethought, especially when the assumptions on which it is based have shifted. Not an easy path but they would be better positioned working together on any reinvention than working alone. At the most basic level, DTC models are inherently flawed. The difficulty of knowing both location and momentum is that they are not just different things, but on different planes. It is surrounded by a nexus of other experiences, such as betting, character-driven content, merchandise, and overall engagement. I recently secured my junior year internship summer analyst position (summer 2023) at a large US bulge bracket for Sales & Trading in NYC. It will test our strategy, resources, and relationships. Availabilities are open for our San Francisco office. So, cash must be put to work and inflation can be a double-edged sword. Offsetting this activity (particularly from platform players) is the question of regulatory scrutiny. He held his position through not one but two recessions and was reviled for his efforts at the time. LionTree Chairman & CEO Aryeh B. Bourkoff shares his reflections and outlook for the year ahead. Early Career Programs - Careers | BlackRock 68,324 Investment Banking Analyst Graduate Jobs - ZipRecruiter Liontree Llc New York, NY Type. Such leaders, finding opportunity in the gaps and dislocations of a turbulent period, will emerge as the new industrialists of our time. What are the investable opportunities now that unprofitable growth initiatives make less sense? Each of these is intertwined with the other. 4.0 GPA IB. While the applicability and upleveling of generative AI for creative industries is clear, its ultimate impact is still taking shape, as AI becomes a leading target for investment in the next wave of digital transformation across industriesfrom enterprise technology and logistics to finance and healthcare. For companies, a renewed focus on core metrics is key. Regarding other uses of capital, companies with strong balance sheets are leaning into organic investment opportunities to hone competitive advantages and position for future growth, particularly in areas like networks and infrastructure (cloud and data centers, fiber builds and deployment). Our Services Investment Banking What We Deliver Global Reach Office closed daily from 121pm for lunch. The deeper the roots, the higher the branches can grow. For the technology players, it means leaning into their massive distribution reach, acquiring and licensing content while selectively investing in original content that adds valuable franchise brand halo, such as Amazons intent to invest approximately $1bn on around a dozen theatrical releases, leveraging its unique MGM asset. At the same time, these programs have the capacity to turbocharge human imagination, allowing it to realize its visions with greater speed and frequency than ever beforefueling the question of the relative importance of content creation versus curation. To sign up for our newsletters, clickhere. At the time of the transaction, Comcast CEO Brian Roberts said, Microsoft has attached no strings and called the investment a strong vote of confidence in the industry; Wall Street very quickly agreed. Introduction. LionTree. As individuals and as institutions, we have a responsibility to speak out against hateful extremism, and these efforts must be backed by responsible moderation and regulation. I believe that what I wrote in the middle of the pandemic is still relevant: If we focus on the essential, we make ourselves essential. It was true then and it is especially true now. In such a world, the Middle East will stand on its ownno longer an arena for the Great Game between the superpowers of the day. In my view, many of the ruling class parties (whether they won or underperformed, like the GOP) lack youthful, decisive, innovative leadership that has executable ideas suited to the times. Would Paris Hilton Let Her Kid Be An Influencer? Investment Banking Internship | Summer Analyst | Jefferies Jefferies offers an intensive investment banking internship program that is designed to assist students in navigating a successful career in finance. The yield curve also remains inverteda leading indicator of recession over the last 50 years. Cowen's Investment Banking Summer Analyst Program is a ten-week internship that offers an unparalleled experience for undergraduate students. Netflix has been able to cross the Rubicon and reach a profitable scale after a decade of investment. These anchor investors, who fit my description of Reference Shareholders, serve as bastions of confidence, inducing other investors to join in. Rising rates will take time to play out. Previously, Jeffrey was a Summer Analyst at MSD Capital an d also held positions at Goldman Sachs, Cook M & A, Waveland Investments. With leadership comes responsibility, and all the consequences it may entail. At stake were about $65m in fees, a huge amount for a company with fewer than 50 employees, according to estimates from Freeman & Co. Now, with Charter-TWC and more than 50 transactions worth more . . Join to apply for the 2023 Summer Analyst Program - New York role at Fitch Ratings. Greenhill provides its Analysts with the specialist training that gives them a strong foundation in the skills they need to begin a successful career in investment banking. In anything, the arc of life is also a governing framework for your priorities. Gone are the days, I hope, when we let visionary leaders with no integrity operate companies and skip board oversight. As an Analyst, you will have the opportunity to work on projects leveraging your expertise to help our clients more confidently make decisions . Despite the hurdles to profitability, let us not give up on the industrys vibrancy and potential to enter a new creative renaissanceakin, perhaps, to the energy of the 1919 Carnival following the last global pandemic. In the case of large media entities with higher levels of debt, divesting of non-core assets could provide the financial flexibility required to achieve or enhance profitability in their core business, and play to their strengthsfor example, Hasbros divestiture of parts of its eOne entertainment division. In the coming period, creativity and innovation will emerge from the CEOs who have demonstrated their ability to play to their competitive advantagetheir edge. Candidates for the 2023 Summer Internship Program: Are currently enrolled as an undergraduate student. Personally wouldn't consider over GS /MS/ Evercore, but . Even though Top Gun: Maverick was a sequel, its star power and mastery of storytelling were stupendous. The U.S. remains home to many of the strongest, most transparent, most technologically advanced, and most influential companies and entrepreneurs. To resolve the streaming wars, the onus is on the industry to find the quickest path to a more sustainable equilibrium.To get there, assets will need to be reshuffled to diversify business models, free up cash, or even create new entities. For the Class of 2025, LionTree Advisors is now collecting resumes for our 10-week Summer 2024 Internship Program. The firm has expertise in a wide range of verticals including film/TV, telecom/cable, music, sports, emerging tech and more. LionTree, powered by what media and telecom executives describe as Mr. Bourkoff's nonstop networking, has already claimed a number of advisory assignments, from Charter's deal for Time Warner . While scarcity plays a starring role in many important problems, abundance sets the stage for it. Once on stage, scarcity captures our attention and forces the self-correction that eventually makes future growth possiblefor leaders, companies, and countries. 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