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.”
We will end up with Disney / Hulu and Netflix. The rest will die off.
Those are the only two I have right now. Lol And free Prime, until the ads kick in.
I have been getting Prime ads for a while now and they are all ads for Amazon. Sometimes, the same ads would play back to back. If the continuous ads about Amazon weren’t bad enough, they were of horrendous production quality as well.