Technology

59534 readers

3195 users here now

This is a most excellent place for technology news and articles.

Our Rules

Follow the lemmy.world rules.
Only tech related content.
Be excellent to each another!
Mod approved content bots can post up to 10 articles per day.
Threads asking for personal tech support may be deleted.
Politics threads may be removed.
No memes allowed as posts, OK to post as comments.
Only approved bots from the list below, to ask if your bot can be added please contact us.
Check for duplicates before posting, duplicates may be removed

Approved Bots

founded 1 year ago

MODERATORS

292

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

77 comments fedilink hide all child comments

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.

you are viewing a single comment's thread
view the rest of the comments

[–] 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.