media, entertainment stocks are falling more than most, as the nasdaq continues to slide we have dennis bermann that and his consumer subscription report hey, julia >> thanks so much. dennis, thank you so much for joining us today i know you have this new report out on the subscription industry what's been going on and the forecast ahead first, i want to take a step back looking at the market sell-off today and your broader focus on media, entertainment and telecom. what's your outlook? >> well, it's great to be with all my old friends nice to see you, julia the conclusions from these economic reports, are squaring quell with what's in the market today. we surveyed and benchmarked 20 companies based around consumer digital subscriptions. we found not the healthiest of pictures the expected growth rate for the companies have gone down on the revenue side from 24% through 2023, through 8% and basically down to zero for the next three years and the stocks are responding accordingly. subscriptions are a good way to understand what's happening in that discretionary spend is being pinched. there's t