✅🖥️ The Hollywood Reporter (6/26): “By now everyone in Hollywood seems to accept that streaming is a cutthroat business. It may not be zero sum (most studies suggest that consumers will pay for about four streaming services at a time), but it is mighty close to it. And with Netflix holding a secure lock on one of those subscriptions for most consumers, there is increasingly little room for error. But the streaming wars between giant services like Netflix, Prime Video, Disney, Max, Peacock, Paramount+ and others also obscure an entire ecosystem of streaming offerings that are trying to carve out their own niches in an increasingly difficult environment. For all the press that the big streaming platforms get, there is a surprisingly vibrant world of boutique and specialty streamers chasing loyal and engaged fans at a much smaller scale. And new players continue to enter the space. In the world of comedy, there is Dropout, born out of the comedy website College Humor. And BuzzFeed veterans-turned YouTubers The Try Guys and Watcher have launched dedicated subscription streaming offerings of their own in recent weeks in an effort to more effectively monetize the sometimes fleeting audience that YouTube or social platforms deliver. Sony offers CrunchyRoll, an anime-focused service, which boasts 13MM subscribers; AMC Networks operates services like the horror-centric Shudder and the British-focused Acorn TV; and Cineverse operates the horror service Screambox and independent film service Fandor.” ⬇️ #streamingtv #ctvadvertising #avod #svod #fast #ott https://lnkd.in/eyBBAdWE
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Entertainment giants like Disney and Warner Bros. Discovery are facing a significant challenge with Gen Z as they pivot towards streaming platforms for their future growth. Despite investing substantial sums to emulate traditional TV models in streaming services, there's a growing concern that their upcoming audience may not be interested, opting for different modes of entertainment like social media. "New research from Deloitte shows members of Gen Z prefer to watch social video and livestreams (47%) about twice as much as TV shows (24%) and four times as much as movies (11%)." https://lnkd.in/g2Z4EZVB
Streamers like Netflix and Disney+ have a Gen-Z problem
businessinsider.com
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I'll admit it. I subscribe to Netflix, Amazon, Disney, Hulu, Apple, Peacock, Max, and Paramount+. But the average American subscribes to 4 streaming services at an average of $61/month. Which is still a lot! There is a true streaming war, as these players fight for our attention. To survive, players will need at least 200 million subscribers (something only Netflix, Amazon Prime Video and Disney+ combined with Hulu have done) They will need to spend $50M for blockbuster hits, over and over. And they will need sports, which both attract new subscribers, and retain (at least for the duration of the season) subscribers who want to watch their teams live. There's not a lot of room for price increases, especially after the recent round--so many are looking at ad revenue as a source of growth. According to this excellent article, which anyone interested in streaming should read, the rise of ads may lead streaming services to provide lower prestige, popular content (think police procedurals and hospital dramas) mixed with some big sports events. Sounds like what we used to have with Cable. 📝 James Stewart, Benjamin Mullin #litrendingtopics #streamingwars #subscriptions
The Future of Streaming (According to the Moguls Figuring It Out)
https://www.nytimes.com
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The Future of Streaming (According to the Moguls Figuring It Out) Who will survive? Die? Thrive? And how? We talked to nearly a dozen top media executives and asked them to predict what lies ahead. Paramount, the media empire controlled by Shari Redstone, lost $1.6 billion on streaming last year. Comcast lost $2.7 billion on its Peacock streaming service. Disney lost about $2.6 billion on its services, which include Disney+, Hulu and ESPN+. Warner Bros. Discovery says its Max streaming service eked out a profit last year, but only by including HBO sales through cable distributors. Streaming service’s profitability depends in large part on how many paying subscribers are needed before those TV shows and movies become cost-effective. There was a time when industry executives hoped that number might be as low as 100 million. But now the consensus among many of the executives interviewed is that the number is at least 200 million, and possibly more. When cable TV was in its heyday, 1.5 to 2 percent of subscribers churned monthly, abandoning or suspending their service. The average churn across all streaming services is more than double that, according to data from analytics firm Antenna, with the churn rate of some smaller streaming services, like Paramount+, as high as 7 percent. Only Netflix has a churn rate below 4 percent.
The Future of Streaming (According to the Moguls Figuring It Out)
https://www.nytimes.com
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Good article, but the folly continues. As I wrote two years ago, updating prior posts: The Great (Streaming) War of Stupid Value Propositions -- Continued! ...the value proposition for flat-rate all-you-can-eat streaming sucks. ...They continue making an offer that is quickly refused or cancelled, to a finite number of streamers who want a full range of viewing, but with limited wallet to share among competing offerings -- thus satisfying few. This is not a problem of user behavior, or of competition, but of collective industry blindness to a failed pricing model. Few want all they can eat! We can't eat that much! We want only what we want, and don't want to pay for more. Instead, all streamers and consumers could share a much larger pie, with much higher shared value all around. Experiment with more win-win value propositions -- set a fair, bundled (volume discounted) price -- for however much or little we want each month. Offer a fair value proposition so we can subscribe, stay, and watch as we like -- not pay a flat rate every month even when we get no value at all. https://lnkd.in/eD4wfx45
Advisor to the world's leading subscription-based companies | Keynote Speaker | Author of The Membership Economy and The Forever Transaction | Host of Subscription StoriesPodcast
I'll admit it. I subscribe to Netflix, Amazon, Disney, Hulu, Apple, Peacock, Max, and Paramount+. But the average American subscribes to 4 streaming services at an average of $61/month. Which is still a lot! There is a true streaming war, as these players fight for our attention. To survive, players will need at least 200 million subscribers (something only Netflix, Amazon Prime Video and Disney+ combined with Hulu have done) They will need to spend $50M for blockbuster hits, over and over. And they will need sports, which both attract new subscribers, and retain (at least for the duration of the season) subscribers who want to watch their teams live. There's not a lot of room for price increases, especially after the recent round--so many are looking at ad revenue as a source of growth. According to this excellent article, which anyone interested in streaming should read, the rise of ads may lead streaming services to provide lower prestige, popular content (think police procedurals and hospital dramas) mixed with some big sports events. Sounds like what we used to have with Cable. 📝 James Stewart, Benjamin Mullin #litrendingtopics #streamingwars #subscriptions
The Future of Streaming (According to the Moguls Figuring It Out)
https://www.nytimes.com
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If you can't beat 'em, join 'em HBO Max, Hulu, and Disney Streaming all collab on a streaming bundle as they need scale to compete with Netflix. As an aside, Warner Bros. Discovery at one time owned 10% of Netflix which today would be $26B (10% of Netflix's $262B) 35% more than WBD's entire market cap of $19B, but I digress. The #streamingwars are seemingly over (well this battle is over, but the war is never won......) and Netflix is on top, despite Disney squeaking out a few pennies on the last earnings call (47M, basically covers Bob 1's salary, plus the champagne fee). This new bundle kinda sounds like #ultraviolet, anyone remember that? It merged with #disneymoviesanywhere, which became #moviesanywhere, which became? Does anyone know what this became? Ultraviolet was doomed from the start at the studios could not agree on almost anything except that they needed something to compete with Netflix. Could not agree on strategy, could not agree on how much to fund it, and so on. Meanwhile, a lean-mean Netflix machine pumped money into their strategy and gained users when Wall-Street money was cheap. Those days are over. As long as these companies ̶c̶o̶l̶l̶a̶b̶o̶r̶a̶t̶e̶ chase and cut costs, the next battle is already won, and you can have one "tudum" to figure out who that winner will be. Media Play News #streaming #bundles #whatelsecanwedo https://lnkd.in/gukcAfcy
Disney, Warner Announce Disney+/Hulu/Max Streaming Bundle - Media Play News
https://www.mediaplaynews.com
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Yellowstone has become a crucial asset for Peacock’s subscriber growth, even though it’s a Paramount Network original. Despite Paramount's focus on its own streaming service, #Yellowstone continues to draw significant viewers to Peacock, accounting for 3.71% of new subscribers between January and August 2024. This strategic licensing, while initially beneficial, now highlights the complex dynamics in the streaming wars. As platforms compete for content, Yellowstone underscores how the right show can drive growth and engagement, making it a key player in broader industry strategies for audience retention and acquisition. Learn more in Daniel Quindad’s article for TheWrap: https://lnkd.in/gWq3s7zv
Just How Important Is ‘Yellowstone’ for Peacock's Subscriber Growth? | Chart
thewrap.com
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Streaming wars have bruised the entertainment industry. Despite Netflix's success in subscription-based streaming, profitability is elusive with high content costs. Amazon, NBCUniversal, Paramount aren't profitable yet, while Disney and Warner Bros. survived with tough strategies. In pursuit of online growth, industry's health suffered. Strikes by Writers Guild of America and Screen Actors Guild highlight how industry math doesn't add up, impacting mid-tier creatives. Pre-streaming era had stability and success metrics, now a locked box of data. Don't just dream endless potential, enjoy reality. More at https://lnkd.in/d4wyNAgt. #StreamingWars #EntertainmentIndustry
The Streaming War Is Over and All It Cost Was the Entertainment Industry
https://www.denofgeek.com
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Since 2013, streaming has taken over, and cable viewership and shows have been dropping—down from 330 scripted shows in 2013 to just 139 in 2023. Netflix set the stage with bingeable content, but now, platforms like TikTok are shaking up the game even more. The big question: Can traditional media balance fan-favorite IPs with fresh content, or are we headed for a new era of entertainment? Paramount+ is leading the charge in terms of streaming success among legacy media companies, with 183 billion minutes watched since 2022. This is in contrast to other platforms like Warner Bros. Discovery's Max, which has struggled to capture as much viewer attention with only 50 billion views. Read more of Keelan Brown's analysis: https://lnkd.in/gpvQHbHE
Streaming Gains Lag Amidst Cable’s Decline | Luminate
https://luminatedata.com
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For today's Wide Shot newsletter, we return to the question of whether streaming is a good business and, more precisely, for whom? We address cable giant John Malone's recent assessment (categorically "no") and take a look at the state of Netflix, Disney, Paramount and others who participated in the streaming war. Who's winning? Who's still losing money? What's the next stage of the streaming business? (Oh, we also get into JOKER 2's box office travesty). #entertainmentbusiness #hollywood #streaming
Is streaming really a 'terrible business?' It depends whom you ask
latimes.com
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The land of Mickey is making changes. For ages, Disney has focused on signing up subscribers as a way to disrupt Netflix and the streaming business. The entertainment giant is now changing tactics by providing a more Netflix-like experience at Disney+, Hulu and ESPN+ in order to reach profitability. Addictive vs engaging...there's a fine line between addictive and engaging content. Disney is walking that line to keep viewers subscribed, and it's attempting to find some balance by emulating streaming leader, Netflix. At a high level and this is true for all streaming services, there are essentially three buckets to consider: content strategy, personalization, and interconnectivity. In terms of content strategy, Disney+ viewers are already seeing those changes. Like Netflix, Disney+ is pumping out a lot of content, with new shows and movies added regularly, which gives viewers a reason to keep coming back to see what's new. An important element here is variety. Disney+ is offering a wide variety of content, including Marvel, Star Wars, Pixar, and National Geographic, alongside their classic library. An interesting twist if you will is Disney's strategy towards serial releases. Similar to Netflix, Disney+ is moving away from traditional all-at-once releases for some shows and leveraging staggered episode releases to viewers engaged over a longer period. Personalization is more important than ever, and this is an area that Netflix has arguably struggled with. For example, recommendations or suggested content are often more miss than hit on Netflix. Better algorithms may be a key area for Disney+ to stand out in terms of serving up and suggesting shows and movies viewers might enjoy based on their watch history. Done in conjunction with its focus on variety, Disney+ has the opportunity in differentiating and excelling in this area. Interconnectivity is not something that's mentioned often, but Disney has a unique opportunity to differentiate itself. Call it shared universes, but Disney+ is building on interconnected franchises like Marvel and Star Wars. This certainly can be leveraged to encourage viewers to watch everything to understand the bigger picture and creates a sense of following a larger story. The other area that streaming services including Netflix are now trying to tap into is short-form content. This is an area that has YouTube into the streaming leader that even has Netflix feeling envious. For now, Disney+ has been introducing short "behind-the-scenes" content or mini-series that tie into existing shows, giving fans extra reasons to stay invested. There are plenty of opportunities to expand into other areas. Ultimately, Disney needs to continue prioritizing quality storytelling. Addiction may get eyeballs, but it's engagement that builds subscriber loyalty https://lnkd.in/gEJf2KR9 #disneyplus #hulu #espn #streaming #subscription #engagement
How Disney Is Trying to Be as Addictive as Netflix
wsj.com
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