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

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.

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“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.”

  • @OsrsNeedsF2P@lemmy.ml
    0•1 year ago

    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
      5•1 year 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.

    • RobEnglish
      4•1 year ago

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

        • RobEnglish
          2•1 year 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.

        • @9point6@lemmy.world
          1•1 year ago

          Sky TV in the UK displays (nearly) it all in a unified interface, I’m not sure how they have managed to do that and Google still hasn’t on android TV.

          also funnily on my Nvidia shield, I used to use the Plex discover feature to list all my streaming service content next to my downloaded media library. But I think I remember the linking into the actual streaming app was broken last time I tried it—maybe a short lived bug, not sure.