Hollywood is paying a steep price for never really figuring out the streaming model
Publishing timestamp: 2023-09-17 08:00:01
Summary
The article discusses how legacy media companies are struggling to adapt to the shift towards streaming and the challenges they face in making it a profitable business model. It highlights the impact of streaming on the economics of the media industry, the competition with Netflix, the high costs of content production, and the need for new revenue streams. The article also mentions the ongoing disputes and negotiations between media companies and writers/actors regarding compensation and transparency. Overall, it explores the changing landscape of the media industry and the efforts being made to find sustainable business models in the streaming era.
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Keywords: entertainment, breaking news: business, business, netflix inc, charter communications inc, business news, fox corp. class a, comcast corp, amazon.com inc, warner bros discovery inc, paramount global, sinclair broadcast group inc, media, walt disney co,
Source: https://www.cnbc.com/2023/09/17/hollywood-streaming-profits-struggles.html