- Joined
- Jun 13, 2020
- Messages
- 7,849
- Reaction score
- 925
- Points
- 212
- Awards
- 2
The Moguls' Predictions for the Future of Streaming Who Will Survive? Die? Thrive? How else? We asked nearly a dozen high-ranking media executives to predict the future.
Their extensive entertainment businesses did not qualify in the same way.
The three men meet infrequently to examine the condition of the business, and energetic conflicts have a been a staple of their conversations. Yet, when they met on the yacht, they had all concurred that the cash losing the norm in the streaming industry was impractical. An ice cube that was melting was the old cable model.
But what will replace it?
In a rare recent interview, Mr. Malone mused, "There was peace in the valley for a period of time," referring to the days before video streaming disrupted the lucrative cable industry. Presently, it's very turbulent."
That is probable a misrepresentation of reality: The once-strong Central, which possesses the popular Foremost studio, CBS and a group of link channels, as of late supplanted selling itself following quite a while of negotiations CEO and fizzled. Warner Brothers. Revelation is wildly settling its $43 billion under water. Disney laid off a large number of laborers and pushed out its CEO as streaming misfortunes mounted, and needed to battle off an intermediary challenge from the lobbyist financial backer Nelson Peltz.
Legacy media companies' stock prices have fallen only a small amount from their peak levels: Both Warner Bros. Discovery and Paramount are trading close to $10 per share, a significant drop from their previous highs. Even Disney is down more than 16% from its March high, which is approximately $102.
No big surprise: Fundamental, the media realm constrained by Shari Redstone, lost $1.6 billion on streaming a year ago. Comcast lost $2.7 billion on its Peacock web-based feature. Disney lost about $2.6 billion on its administrations, which incorporate Disney+, Hulu and ESPN+. Warner Brothers. Disclosure says its Maximum web-based feature managed with a benefit last year, yet simply by including HBO deals through link merchants.
