Quote:
Originally Posted by Locke
I could have told you that with my eyes closed.
Streaming is (was?) a great idea.
Until everyone had to have their own streaming service, it fractured into a million different competing content providers and now each service is essentially just its own 'channel' providing its own content 'on demand.'
We just full circle. A slate of streaming services is essentially just cable with more steps.
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But that's not really what the article is about. The number of streaming services isn't really relevant if none of them can make money regardless of how many subscribers they have.
It's about how ad revenue is lower than TV and production costs are rising, meaning it is harder and harder to make money.
It's not even really accurate to say streaming services aren't the money maker they used to be. They never have been. Netflix only worked when they were able to build a catalog of second run programs for cheap. As soon as first run programming became a staple, they hit a wall.
Streaming generates lower revenue across the board and by a huge number. The article says six times lower than cable.