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
    13·
    10 months ago

    Switching between 3 providers to maybe find your show sounds like a lot of maintaining

    • Rob@lemmy.worldEnglish
      2·
      10 months 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·
      10 months 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.