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

submitted 10 months ago by [email protected] to c/[email protected]

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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.

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[–] [email protected] 0 points 10 months ago (6 children)

Except the problem is that cable isn't there to subsidize the content.

The reason all the studios moved to streaming was because Netflix, Amazon, and Apple weren't going to cover their total costs.

[–] [email protected] 1 points 10 months ago (5 children)

Implying that these companies are entitled to earn billions just for existing?

[–] [email protected] 0 points 10 months ago (4 children)

I'm not implying that at all.

All I'm saying is that the industry made a certain amount of money per year based on cable and broadcast and it isn't going to moving forward. Because of this, I see the so called golden age of television ending because there is no one to pay for the development of new shows and movies, even if those costs were inflated by studios.

We can pirate what was already made, but I don't see the new stuff getting made for anywhere near the budget current shows were being made at.

[–] [email protected] 1 points 10 months ago* (last edited 10 months ago) (1 children)

See 10 years ago it was ALL in Netflix and everyone was happy. Studios got to get passive income and we only needed one service. Then the business bros got greedy and decided they needed more money and exclusivity while spending millions to stand up their own inferior services.

[–] [email protected] 1 points 10 months ago

Netflix 10 years ago also got amazing deals because most studio executives didn't understand streaming and just saw it as some additional money on top of broadcast, DVD, and syndication. Those revenue streams are mostly gone.

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