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

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.

  • stolid_agnostic@lemmy.mlEnglish
    141·
    1 year ago

    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.

    • HobbitFoot English
      41·
      1 year 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.

      • TwilightVulpine@lemmy.worldEnglish
        3·
        1 year ago

        It’s so good when executives and investors don’t get new stuff, so they don’t come along to squeeze every single penny out of it and choke it to death.

        • HobbitFoot English
          1·
          1 year ago

          Maybe, but I still want good new stuff.

          And it isn’t like executives and investors won’t still get rich on making new stuff, they will just cheaper and shittier new stuff.

          • TwilightVulpine@lemmy.worldEnglish
            1·
            1 year ago

            These folks don’t get satisfied simply making a lot of money, they want to always make more money than before, and that inevitably leads them to sabotage whatever was good about the products they make.

      • stolid_agnostic@lemmy.mlEnglish
        11·
        1 year ago

        That’s part of my point. They don’t have to lift a finger. Just let Netflix pay for the storage, the data centers, the bandwidth. Studios will get something out of it for doing literally nothing. But they got greedy and broke the model.

        • HobbitFoot English
          21·
          1 year ago

          For their old stuff, sure.

          But I’m thinking of new movies and TV shows. What kinds of movies can be made a decade from now?

          • stolid_agnostic@lemmy.mlEnglish
            11·
            1 year ago

            That model may also be dead. Nobody really sees movies anymore, not like before, and nobody wants to wait 6 months for the season to end. That’s very much a 1950s - 2010 model. Not sure what will replace it, but some combination of games and informal content like YouTube/TikTok etc might be where we end up.

            • HobbitFoot English
              2·
              1 year ago

              Yeah, and that is what I’m concerned about.

              Is that good?

              • stolid_agnostic@lemmy.mlEnglish
                1·
                1 year ago

                There will be something new and we’ll all become Gen Alpha’s boomers.

                Being serious, however, who can predict? We’ll have to be patient and see what happens.

                • HobbitFoot English
                  2·
                  1 year ago

                  I’m not judging Gen Alpha, I’m judging the world we are creating for them to grow up in.

        • Copernican@lemmy.worldEnglish
          1·
          1 year ago

          Yup. Netflix was icing on the cake that was cable. Now streaming is becoming the cake. The cost or revenue of the cake needs to be the same for the biz to run.

          • stolid_agnostic@lemmy.mlEnglish
            1·
            1 year ago

            I’m referring specifically to older content. Is there really a reason that Star Trek the Next Generation shouldn’t be in Netflix, for example? Paramount isn’t enough of an offer so they may be losing out on a great deal of passive income.