Technology

Certain irony in these companies splitting their content and now considering merging it back.

I'm glad I could contribute to their lack of profit by simply not paying any of them.

Streaming platforms should not be allowed to produce content and vice-versa. That’s how it was with movie theaters. Ever wondered why there are no Paramount theater, or MGM theater and so on? Because studios aren’t allowed to own theaters.

Ah, yes. The "find out" stage of the "fuck around and find out" lesson from thinking "we can do Netflix ourselves." Nice work, assbags.

Lol. They're not dealing with boomers who don't know how to pirate anymore. We grew up learning how to pirate as kids who won't deal with that bullshit.

lol I was just yesterday saying that I fully expect these to fold and all the content to go back to Netflix where the studios can earn passive income with no more expense than paying their lawyers to write contracts.

Why aren't people using our service? Should we lower prices? Provide better shows and services? No no, we're business people not people making a product. Cut and merge!

The Money Guys never think about the backend.

This is the best summary I could come up with:

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.

Beyond their streaming losses, the traditional media groups are facing a weak advertising market, declining television revenues and higher production costs following the Hollywood strikes.

But as the traditional media owners struggle, Netflix, the tech group that pioneered the streaming model over a decade ago, has emerged as the winner of the battle to reshape video distribution.

“For much of the past four years, the entertainment industry spent money like drunken sailors to fight the first salvos of the streaming wars,” analyst Michael Nathanson wrote in November.

Earnings for its most recent quarter soared past Wall Street’s expectations as it added 9 million new subscribers—the strongest rise since early 2020, when Covid-19 lockdowns led to a jump.

The original article contains 933 words, the summary contains 187 words. Saved 80%. I'm a bot and I'm open source!

Here's an idea, friendly to corps because it's the only damn way it would happen. A "nonprofit" foundation with the backing of all major studios. The studios provide the infrastructure while the "nonprofit" uses most of their low subscription fee to pay for content. The rest goes towards market research that is provided to the studios and open sourced at the end of each year.

Aren't most of these companies too big to merge with each other?

Quick, corps, double down on enshittification so we never are enticed to give you corporate clusterfucks another chance to deceive us.