It’s “shakeout” time as losses of Netflix rivals top $5 billion | Disney, Warner, Comcast, and Paramount are contemplating cuts, possible mergers.::Disney, Warner, Comcast, and Paramount are contemplating cuts, possible mergers.

  • LazaroFilm@lemmy.world
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    11 months ago

    Streaming platforms should not be allowed to produce content and vice-versa. That’s how it was with movie theaters. Ever wondered why there are no Paramount theater, or MGM theater and so on? Because studios aren’t allowed to own theaters.

    • AliasWyvernspur@lemmy.world
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      11 months ago

      It’s basically the Live Nation/TIcketmaster issue. They sell the tickets to the events at venues they own. Conflict of interest much?

    • givesomefucks@lemmy.world
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      11 months ago

      Yep.

      Like lots of “disruptions” it was just getting ahead of regulations and lobbying to prevent/stall them.

      3rd party streaming providers and ending exclusivity contracts would fix streaming overnight, and studios would still make an insane amount of money.

      Not many people are going to sign up for a 7th streaming service to watch The Office, but millions of people would have it on if only for background noise.

      Have the streaming service pay studios per hour watched.

      It’s up to the streamer to balance how much they charge consumers and how much they pay studios to remain profitable.

    • affiliate@lemmy.world
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      11 months ago

      yeah exactly. and hopefully being banned from making shows will motivate them to finally work on their terrible UIs. it’s so annoying that so many streaming services still lack basic functionality and have almost no customization options.

      its so insane these companies are competing with each other over what’s on their service instead of how pleasant it is to use their service.

  • AliasWyvernspur@lemmy.world
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    11 months ago

    Ah, yes. The “find out” stage of the “fuck around and find out” lesson from thinking “we can do Netflix ourselves.” Nice work, assbags.

    • Shadywack@lemmy.world
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      11 months ago

      It takes an MBA to make shitty decisions, make 3,000% higher compensation than the average employee, and then turn around and layoff others because of your own shitty decisions. I think you’re being real kind with the assbag label there. I’m thinking a term like “parasitic shit-cunt” gets slightly closer but I just can’t think of anything derisive enough that satisfies the enmity I have for them.

    • qooqie@lemmy.world
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      11 months ago

      I don’t want Netflix to even do Netflix anymore. Competition is healthy so if they all merge and there’s only 2 that’ll be bad imo

      • ConditionOverload@lemmy.world
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        11 months ago

        Competition is good but I really don’t want to pay $15 to $20 a month for 5 different streaming services just to ensure good competition.

        • qooqie@lemmy.world
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          11 months ago

          Theres no way you’re watching that much television that you need all the major services at once. I usually have one at a time and if I absolutely need to see something else during that time well yar har matey

      • AliasWyvernspur@lemmy.world
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        11 months ago

        Honestly, I’d much rather movies and shows be like music. I could subscribe to Apple Music, or Google Play, or YouTube Music, or Tidal, or Spotify, etc. That’s competition. Not spreading it out all over. Too much fragmentation can be bad for consumers too. It’s why I’ve been doing my best with buying stuff I really want instead of streaming it. Some stuff I can’t buy, and I get that. But others, I’m doing my damnedest to own it so I don’t need to subscribe for it.

        Side note: I know it (streaming movies like music) is a pipe dream that’ll never happen. But still, one can dream.

  • stolid_agnostic@lemmy.ml
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    11 months ago

    lol I was just yesterday saying that I fully expect these to fold and all the content to go back to Netflix where the studios can earn passive income with no more expense than paying their lawyers to write contracts.

  • neclimdul@lemmy.world
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    11 months ago

    Why aren’t people using our service? Should we lower prices? Provide better shows and services? No no, we’re business people not people making a product. Cut and merge!

  • rockSlayer@lemmy.world
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    11 months ago

    Here’s an idea, friendly to corps because it’s the only damn way it would happen. A “nonprofit” foundation with the backing of all major studios. The studios provide the infrastructure while the “nonprofit” uses most of their low subscription fee to pay for content. The rest goes towards market research that is provided to the studios and open sourced at the end of each year.

  • AutoTL;DR@lemmings.worldB
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    11 months ago

    This is the best summary I could come up with:


    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.

    Beyond their streaming losses, the traditional media groups are facing a weak advertising market, declining television revenues and higher production costs following the Hollywood strikes.

    But as the traditional media owners struggle, Netflix, the tech group that pioneered the streaming model over a decade ago, has emerged as the winner of the battle to reshape video distribution.

    “For much of the past four years, the entertainment industry spent money like drunken sailors to fight the first salvos of the streaming wars,” analyst Michael Nathanson wrote in November.

    Earnings for its most recent quarter soared past Wall Street’s expectations as it added 9 million new subscribers—the strongest rise since early 2020, when Covid-19 lockdowns led to a jump.


    The original article contains 933 words, the summary contains 187 words. Saved 80%. I’m a bot and I’m open source!

    • dumpsterlid@lemmy.world
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      11 months ago

      No company is too big to merge with another company here in the land of the free where corporations are people and humans are worthless trash!

  • YeetPics@mander.xyz
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    11 months ago

    Quick, corps, double down on enshittification so we never are enticed to give you corporate clusterfucks another chance to deceive us.