The world’s largest traditional entertainment companies face a reckoning in 2024 after losing more than $5 billion in the past year from the streaming services they built to compete with Netflix.
Disney, Warner Bros Discovery, Comcast and Paramount—US entertainment conglomerates that have been growing ever larger for decades—are facing pressure to shrink or sell legacy businesses, scale back production and slash costs following billions in losses from their digital platforms.
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“TV advertising is falling far short, cord-cutting is continuing to accelerate, sports costs are going up and the movie business is not performing,” he said. “Everything is going wrong that can go wrong. The only thing [the companies] know how to do to survive is try to merge and cut costs.”
The only thing [the companies] know how to do to survive is try to merge and cut costs.>
I mean, you could put out some quality programming…naaahhhhhhh
That’s what HBO used to do. They didn’t have a dozen new shows a week, but what they did have was largely high quality. But with the Warner/Discovery merger I think those days are numbered. They’ll be devoured from within and the quality will take a hit across the board.
Those dumb bastards. Did they think we had unlimited money to spend on this shit?
Do you want Grandpa to pirate? Because this is how you get Grandpa to pirate.
It’s almost like you assholes shouldn’t have cut up all your content into exclusive services, denying your ‘competitors’ the right to by rights to stream them and kick you back a % of the profit and you definitely shouldn’t have jacked up your rates as your libraries shrunk dramatically, leading to a situation worse than where cable was 20 years.
Oh, and the moment you dared suggest I pay you a premium and still watch ads, you lost my subscription.
Streaming services got so shitty so quickly
The last thing I want is services merging and combining into a giant cable package.
Sucks to be them! I’m canceling all my services and just bought an additional 2TB NVMe drive for the Orange Pi 5 powered HTPC I am going to build tomorrow. Even got a Logitech keyboard/trackpad combo for it.
We will end up with Disney / Hulu and Netflix. The rest will die off.
“You will pay out the ass for cheap to produce, incoherent, patronizing ‘Reality’ garbage, because you don’t deserve more, and you will be grateful.”
-capitalists
Hey, fun fact: capitalists and pirates are natural enemies. ☠️ Yo ho ho.
Pirates were very democratic and shared the loot. Capitalists kept to to themselves and gave little to their employees.
Netflix was one place you could go to get a massive amount of quality content. Now, that content is divided among a dozen apps, each one perpetually raising prices and trying to include advertising.
Negotiate a bundle that recreates the old Netflix experience, price it reasonably, and promise absolutely no ads ever in writing. I’d sign up for that service and keep my subscription perpetually. Like we all did with Netflix.
That “reasonable” pricing needs to cover all of the development of tv and (most of) movies that we have today. This was the entire problem with the Netflix model.
The netflix experience of old only worked because media companies licensed shows and movies to it like they do to broadcasters in other companies. Paramount in 2011 is as happy to license Frasier to Netflix as they are to the BBC.
This only works when the media companies are making enough money via their main business, as such that licensing is just extra profit.
Netflix ate their lunch and devalued the entire ecosystem. Netflix sold the lie that tv can be made on 10 bucks a month instead of 100 like cable was. The economics of that just don’t work, however. So now we have an industry where the bottom has fallen out entirely.
Maybe you’ll be okay with a 100/month netflix subscription. I doubt most would. But that’s what it would need to be to be the one subscription you have like it used to be. There’s no cable audience to fall back on now.
Do you have any real numbers to back any of that nice little theory up or is it all just pulled from your ass?
