"Hollywood is in trouble. The streaming boom that fueled a ton of production in the last decade-plus is gone, and lots of the remaining work is going overseas. No one really knows how AI will affect the movie and TV business, but there's lots of fear it won't be good. And barring something truly surprising, Warner Bros., one of Hollywood's most important movie and TV studios, is going to get swallowed up in the next year or so, which will mean even more consolidation."
"If you had to bet right now, who wins the newly reopened bidding war for Warner Bros. Discovery? Janice Min: Doesn't it really depend if Netflix decides they're going to step it up? So far, it seems like they will. But Netflix is a pretty ruthless company: Season two isn't working out, it's not driving as many subscribers as season one, your show is canceled. Or cofounder Reed Hastings' famous "keeper test": You aren't performing well. You're out."
Hollywood is shrinking as the streaming boom that fueled extensive production over the past decade ends, driving remaining production overseas. AI creates deep uncertainty and widespread concern about negative impacts on jobs and creative processes. Major-studio consolidation appears imminent, with Warner Bros. Discovery likely to be acquired within a year, intensifying concentration of content ownership. Streaming platforms face pragmatic decisions balancing subscriber growth against acquisition costs, while shareholders apply pressure to limit expensive pursuits. Reduced production volume threatens advertising, subscription, and event revenues tied to content creation, forcing industry businesses to adapt.
Read at Business Insider
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