What's the endgame of these gigantic losses being stacked by corporate media/entertainment?
We just saw massive layoffs at Sports Illustrated. It seems like that's going to sweep through the entire industry.
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What's the endgame of these gigantic losses being stacked by corporate media/entertainment?
We just saw massive layoffs at Sports Illustrated. It seems like that's going to sweep through the entire industry.
At this point it feels like streaming is a failed business model. Most services struggle to be profitable and are slowly turning back into cable by adding in bundling and slipping in ads.
For sure. I think network effects are fundamental to streaming success. When Netflix had everything, it was a great service. Now that content is spread out, all of the streaming services stink.
As streamers fail, though, won't we see a reconcentration of content, which will make the remaining streamers profitable?
Yeah I definitely see the number of competitors in the market going down. I just hope that it doesn’t lead to price gouging by the few remaining players since investors are no longer content to keep throwing money at streaming.
That's a good point.
I don't expect radically higher prices, because the marginal benefit of adding new users dwarfs the marginal cost of providing service. Also, the cost of entry is very low for competitors.
i suspect we'll have 1-2 major providers who buy out everyoen else.
I think so too, at least for streaming. People really seem to hate the fragmented streaming services, so there should be a lot of profit potential for someone buying up most of the rights.