this post was submitted on 28 Dec 2023
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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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[–] YoBuckStopsHere@lemmy.world 18 points 10 months ago (1 children)

We will end up with Disney / Hulu and Netflix. The rest will die off.

[–] ryan213@lemmy.ca 10 points 10 months ago (2 children)

Those are the only two I have right now. Lol And free Prime, until the ads kick in.

[–] OsrsNeedsF2P@lemmy.ml 2 points 10 months ago (2 children)

I struggle to fathom the idea of paying for 3 subscription services and thinking that's ok. That's not to bash, but I can't imagine that's any more convenient than pirating.

[–] ryan213@lemmy.ca 3 points 10 months ago

Kids. Easier for them to use and find something rather than having to download them.

If it weren't for kids, yeah, I probably wouldn't subscribe to any.

[–] fsr1967@lemmy.world 3 points 10 months ago (1 children)

Paying is more convenient because you don't have to set it up and maintain it.

[–] OsrsNeedsF2P@lemmy.ml -2 points 10 months ago (1 children)

Switching between 3 providers to maybe find your show sounds like a lot of maintaining

[–] fsr1967@lemmy.world 2 points 10 months ago

It is. I've got a Roku TV, which helps - I can search from the main screen, and it shows me which provider has the show.

It's a matter of priorities. Figuring out a pirating rig, how to work it into my life, how to use it, etc has a high level of inconvenience. For you, it sounds like paying multiple services has a high level of inconvenience. We each go with what is most convenient for ourselves.

[–] remotelove@lemmy.ca 1 points 10 months ago

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.