this post was submitted on 28 Dec 2023
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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.

“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.”

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[–] [email protected] 22 points 10 months ago (8 children)

I mean, it's either they don't merge, and you have 8 different $15/month services each to be able to watch everything, or they do merge and you end up paying $120 for access to everything.

We've come full circle... >_>

[–] [email protected] 14 points 10 months ago (6 children)

I prefer having the choice. That's what was bad about cable - you had to buy the bundle for one channel, and they lumped a bunch of other stuff you didn't want in with it.

Have it been so long that people forgot how shitty this was?

[–] [email protected] 5 points 10 months ago (2 children)

I hated cable/sat TV for this packaging but now with over 15 years since I cut the cord I wonder if they had the technology back then to piece meal out the channels to every single subscriber?

I'm not letting them off the hook for purposely packaging 1 good channel with 5 turd channels and then repeating this with the remaining good channels but I do wonder if there were any technical limits to how the channels were sold?

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