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submitted 10 months ago* (last edited 10 months ago) by MicroWave@lemmy.world to c/news@lemmy.world

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.

“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.”

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[-] thantik@lemmy.world 21 points 10 months ago

I mean, it's either they don't merge, and you have 8 different $15/month services each to be able to watch everything, or they do merge and you end up paying $120 for access to everything.

We've come full circle... >_>

[-] draughtcyclist@programming.dev 12 points 10 months ago

I prefer having the choice. That's what was bad about cable - you had to buy the bundle for one channel, and they lumped a bunch of other stuff you didn't want in with it.

Have it been so long that people forgot how shitty this was?

[-] cmnybo@discuss.tchncs.de 8 points 10 months ago

You can also choose to pay nothing and sail the high seas to get your favorite shows to watch on whatever device you prefer.

[-] draughtcyclist@programming.dev 3 points 10 months ago

I agree... But work is demanding and I have my family to think about, time wise. I don't have the the time to properly deal with it, and I currently like the "subscribe to what you want" model.

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this post was submitted on 28 Dec 2023
247 points (98.4% liked)

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