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.
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“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.”
Sky TV in the UK displays (nearly) it all in a unified interface, I’m not sure how they have managed to do that and Google still hasn’t on android TV.
also funnily on my Nvidia shield, I used to use the Plex discover feature to list all my streaming service content next to my downloaded media library. But I think I remember the linking into the actual streaming app was broken last time I tried it—maybe a short lived bug, not sure.