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.”
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.
Yep, so they’re all going to continue to merge until there’s 1-3 mega streamers, then they’ll all add advertising, and we’ll have come full circle.
Then there will be some new service which streams content directly to your brain and we’ll begin again and continue until we have advertisements in our dreams.
Movies still make most of their money at the cinema. They can’t survive without that. I can accept movies and TV moving to the Super Netflix after six months or so.
TV is kind of harder, especially for the really high budget stuff.
They need to have it like music, where you have multiple services but they all have the same content. Maybe some are cheap and cheerful 1080p stereo, and some are more expensive full fat 4K HDR Dolby TrueHD. But everything needs to be on it and stay on it.
Maybe some are cheap and cheerful 1080p stereo, and some are more expensive full fat 4K HDR Dolby TrueHD.
Well something is wrong then because on the music side you have spotify with the “1080p stereo” of a low bitrate lossy stream + paying less to artists and then you have high res lossless and atmos on the apple side… for the same price.
I think Netflix has actually shown that it can be done a lot cheaper. They’ve pivoted to producing way more original content than just about anyone else, and it’s still profitable. They just aren’t paying for big names or marketing for most in house productions.
If anything, Netflix has shown us that movie stars are obsolete. Casting a “Ryan Reynolds type” saves $100M on production, so you can just do it 20 times and if a few of those productions are hits you’ll make most money.
Non-American here, 100/month for cable means channels have no ads? Is 100/month a normal price?
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.
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
Netflix does that, but then they cancel the shows before they can truly succeed.
That’s because of all the depressed people sitting in their bed forts and watching Friends for 10 hours a day every day. Why make a good new shows when the old garbage steamrolls them all in watch time.
I mean a merged service wouldn’t be an issue. If I could pay once for one big thing including Disney+, Paramount+ and HBO Max, I’d actually consider it to have enough content to be worth people signing up, instead of it all being scattered like now.
I’d still not pay for it but I don’t pay for shit no matter how much content and convenience the service offers, it’s a miracle i haven’t started shoplifting.
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.
“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.
Capitalists and pirates.
One is a turpitudinous group of greed-mongers that engages in despicable acts, operating outside the bounds of all morality and civility, fueled by the pursuit of stolen wealth and ill-gotten gains, preying on innocents, not above committing the most heinous acts of violence against their very brethren for the slightest sliver of filthy gold.
The other are pirates.
Pirates are at least honest in intention. “Give us yer shit or we take it by the means at our disposal!”
Capitalists lie like breathing when it comes to their intent. It’s literally about getting more than the person accross the table. Many of them lie to themselves about this to feel honest. They call their greed and lack of integrity “rational self-interest” 🤣
