Longtime media investors, including Liberty Media and Raine Group, have SPACs, too. Including all industries, SPACs have raised more than $44 billion so far this year in the United States, according to SPAC Insider. SPACs are companies whose sole purpose is to raise money on Wall Street to go out and buy real companies. AdvertisementWith the market so crowded with SPACs and fewer companies available to buy, at some point, they will begin to drop. Analysts care about ARPU because it helps determine how they value companies’ streaming services.

Source: Los Angeles Times February 16, 2021 13:52 UTC