Quote:
Originally Posted by oliver1948uk
In view of the money we are told Netflix was paying to screen these shows, it seems a big risk foregoing that to set up your own streaming service, not knowing how many people (apart from Old Boy) will pay for your service with so many others entering the market too
|
That's what the discussion about streaming is all about.
The existing Hollywood companies currently have guaranteed revenue streams from all the existing deals they have with broadcasters all around the world and streamers like Netflix. But if they withhold their content from other channels and streamers and keep the stuff exclusively on their own streaming services, they lose the guaranteed income with no certainly that they will get enough people to sign up for their own streamers.
If they don't do it, Netflix will destroy them, if they do do it, Netflix might still destroy them. A catch 22 scenario which is why Rupert Murdoch threw in the towel and sold out. That's how big a deal it is. One of the world's largest media companies doesn't exist now because of the threat posed from Netflix and the other tech giants.