The Streaming Model has disrupted the economics of the media industry, leading to financial challenges for Hollywood studios. Legacy media companies like Disney and Warner Bros. Discovery struggled to compete with Netflix, which reported a loss in subscribers in 2022. Media organizations are now relying on strategies such as windowing content and creating more cable channels to generate profits. However, the decline in customers and the slow growth of streaming revenue pose challenges. Netflix remains the only company to profit from streaming, while other media companies face reorganizations, job cuts, and content cost reductions.

The post Hollywood is paying a steep price for never really figuring out the streaming model appeared first on Balanced News Summary.