Fanatics CEO Michael Rubin and OBB Media founder/CEO Michael Ratner discuss the launch of Fanatics Studios, a joint venture between Fanatics and OBB Media. The new global sports and entertainment platform is designed to create content tied to Fanatics' commerce, gaming, and collectibles businesses. The initial slate includes live events and partnerships with Tom Brady, WWE, ESPN, the 2028 LA Olympics, and Fox Sports. The segment is mostly a corporate launch interview and does not present a clear public-market trading thesis.