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In response to
"I'm aware the world changed. The method of consumption of media in 2nd hand manners changed -- not the reality that 2nd hand consumption of media is "
by
Will Hunting
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Serious question: if it's profitable if done smart, why is Disney the only one turning a profit?
Posted by
David (aka David)
Jul 7 '24, 10:42
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Like, do you even know what's happening out there?
Disney stopped making physical media. They're now licensing from Sony who, oh by the way, just laid off several hundred people in their DVD manufacturing business.
Meanwhile, Linear Networks revenue is eroding at a frankly jaw-dropping pace. There's a reason why Paramount is stuck with its sale. Many of its assets are undesirable. They're gonna take barely half for BET of what they asked for it two years ago.
With all due respect, you're not even in the ballpark on this. And the sub-thread started with Big Boomer backbiting the one century-old studio that is somehow weathering the storm. Mayhap they're the ones who should get the benefit of the doubt, what with their streaming service turning a profit last quarter (they won't this quarter) and having the number one film on the planet.
Netflix has it figured out, and Disney is getting there. Everyone else is a Zaslav/Shari Redstone, and it's not a coincidence that they're old. This particular disruption requires a mix of younger and older consumers to understand. There's a 25-year age gap between streaming and classic media consumption.
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