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It’s “shakeout” time as losses of Netflix rivals top $5 billion | Disney, Warner, Comcast, and Paramount are contemplating cuts, possible mergers. (arstechnica.com)

submitted 10 months ago by L4s@lemmy.world to c/technology@lemmy.world

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It’s “shakeout” time as losses of Netflix rivals top $5 billion | Disney, Warner, Comcast, and Paramount are contemplating cuts, possible mergers.::Disney, Warner, Comcast, and Paramount are contemplating cuts, possible mergers.

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[–] ShepherdPie@midwest.social 23 points 10 months ago (1 children)

I don't know how old you are but if you're close to 40 or older, you may remember the '90s when music studios were in the same position and completely controlled production and distribution, forcing us to pay $20-$30 per CD (in 1990s dollars) for 13 tracks of mostly filler music. Once MP3s and broadband internet became common, the entire industry was decimated, yet there is more music produced now than ever before.

You're seeing the same thing happen with tv/movies today. I think it will once again be the studios that suffer not the content.

[–] HobbitFoot@thelemmy.club 1 points 10 months ago

More music gets made now, but the market is completely different.

Bands have generally switched to individual artists with production more handled by others. A majority of a famous singer's earnings now comes from ticket sales, causing a spike in ticket prices. There is also the chase for virality, seen a lot in both ring tone rap at the nadir of the industry and songs today based mainly on their TikTok hooks.

TV shows and movies have already lost their "tour" with an overall decline in theatre and we are already seeing a lot of the middle ground of movies that were made 20+ years ago no longer get made.

Content will still get made, and probably at a similar quantity. However, I expect the industry to continue its trend to either micro budget work or something gigantic with no middle ground, just like with music today.