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? That shows that covid took a huge swipe at them. Which is not really a surprise to anyone. The numbers for this year look to almost be back to where they w

by taeric 3y ago

? That shows that covid took a huge swipe at them. Which is not really a surprise to anyone. The numbers for this year look to almost be back to where they were? I'm not clear what the evidence you are showing is actually showing?

scarface_74 3y ago
The last full year is 2022 and those numbers are about the same as 2020. Covid was basically behind us by 2022 as far as people being overly concerned.
- taeric 3y ago
  Right, the last full year was already back to 60% of the pre covid. This year is already on track to be back to 90%ish, if not back at growth. Such that the dip is clearly more attributable to what happened in the year 2020. None of the supposed "competitors" listed originated that year. So, again, I'm not sure that is showing the evidence of competition to big budget entertainment.
  - scarface_74 3y ago
    Typo. I meant 2000.
    - taeric 3y ago
      But 2022 still had a lot of hangover effects from the pandemic, is my view. Especially with this year on track to possibly be back at 2010 levels. I don't deny that they are facing some problems. But I'm not willing to buy that it is the existence of instagram/tictok/etc. I have little doubt those could be involved. I have doubts that they are, though.
lotsofpulp 3y ago
Their net income trends look awful, especially taking into account inflation and the rest of the economy. https://www.macrotrends.net/stocks/charts/DIS/disney/net-income https://www.macrotrends.net/stocks/charts/DIS/disney/net-inc... https://www.macrotrends.net/stocks/charts/WBD/warner-bros-discovery/net-income https://www.macrotrends.net/stocks/charts/WBD/warner-bros-di... https://www.macrotrends.net/stocks/charts/PARA/paramount-global/net-income https://www.macrotrends.net/stocks/charts/PARA/paramount-glo... Comcast, Sony, Netflix, Apple, and Amazon seem to be the other big players, and Netflix seems to be the only pure media company that one can compare numbers to, but it stands to reason they are all finding it harder to make money.
- taeric 3y ago
  Again, though, you have to find a better reason than TikTok and friends to explain a slump that seems to have started at the same time as the pandemic. Were there choices made during the pandemic that are hurting them in other ways? Almost certainly. But I'm not seeing how that is true for the claimed competition being what is hurting them, as these things existed pre pandemic, but only started really factoring in after it? That is why I said "ish." It certainly sounds plausible. I'm not clear the evidence is showing it, though.
  - lotsofpulp 3y ago
    Population wide taste change can take years. I am just looking around at the differences in how I the people I know spend their time. I have 8 to 13 year old nieces and nephews that have zero interest in watching movies or tv shows when they come over. You would literally be punishing them by taking their YouTube or video games or TikTok away and forcing them to watch a 100min movie with you.
    - taeric 3y ago
      I also have kids in that range. And by and large, I agree that they would be distraught to not have Netflix/YouTube/etc. However, I also know that blockbuster movies are still raking in the money, as I have family insisting on seeing Barbie this week. Super excited about it. Kids also wanted to see the Mario movie. And if you have kids in that range, I am willing to bet that you are also in the demographic of people that generally have a natural slowdown in going to movies and things. Turns out, having kids in this age range is a full time job. None of which is to say you are wrong. I'm just not sold on the evidence, yet. Turns out, there is still plenty of big budget entertainment out there.
      - cudgy 3y ago
        The kids are just as tired as many of the adults of watching super hero x version y movies with a smattering of Tom Cruise action version z. I am hopeful that Oppenheimer will be interesting … The feigned move toward AI generated content would likely make things worse, providing bizarre fake Tom Cruise scripts generated from old real Tom Cruise scripts.

by taeric 3y ago

scarface_74 3y ago

The last full year is 2022 and those numbers are about the same as 2020. Covid was basically behind us by 2022 as far as people being overly concerned.

taeric 3y ago
Right, the last full year was already back to 60% of the pre covid. This year is already on track to be back to 90%ish, if not back at growth. Such that the dip is clearly more attributable to what happened in the year 2020. None of the supposed "competitors" listed originated that year. So, again, I'm not sure that is showing the evidence of competition to big budget entertainment.
- scarface_74 3y ago
  Typo. I meant 2000.
  - taeric 3y ago
    But 2022 still had a lot of hangover effects from the pandemic, is my view. Especially with this year on track to possibly be back at 2010 levels. I don't deny that they are facing some problems. But I'm not willing to buy that it is the existence of instagram/tictok/etc. I have little doubt those could be involved. I have doubts that they are, though.

lotsofpulp 3y ago

Their net income trends look awful, especially taking into account inflation and the rest of the economy. https://www.macrotrends.net/stocks/charts/DIS/disney/net-income https://www.macrotrends.net/stocks/charts/DIS/disney/net-inc... https://www.macrotrends.net/stocks/charts/WBD/warner-bros-discovery/net-income https://www.macrotrends.net/stocks/charts/WBD/warner-bros-di... https://www.macrotrends.net/stocks/charts/PARA/paramount-global/net-income https://www.macrotrends.net/stocks/charts/PARA/paramount-glo... Comcast, Sony, Netflix, Apple, and Amazon seem to be the other big players, and Netflix seems to be the only pure media company that one can compare numbers to, but it stands to reason they are all finding it harder to make money.

taeric 3y ago
Again, though, you have to find a better reason than TikTok and friends to explain a slump that seems to have started at the same time as the pandemic. Were there choices made during the pandemic that are hurting them in other ways? Almost certainly. But I'm not seeing how that is true for the claimed competition being what is hurting them, as these things existed pre pandemic, but only started really factoring in after it? That is why I said "ish." It certainly sounds plausible. I'm not clear the evidence is showing it, though.
- lotsofpulp 3y ago
  Population wide taste change can take years. I am just looking around at the differences in how I the people I know spend their time. I have 8 to 13 year old nieces and nephews that have zero interest in watching movies or tv shows when they come over. You would literally be punishing them by taking their YouTube or video games or TikTok away and forcing them to watch a 100min movie with you.
  - taeric 3y ago
    I also have kids in that range. And by and large, I agree that they would be distraught to not have Netflix/YouTube/etc. However, I also know that blockbuster movies are still raking in the money, as I have family insisting on seeing Barbie this week. Super excited about it. Kids also wanted to see the Mario movie. And if you have kids in that range, I am willing to bet that you are also in the demographic of people that generally have a natural slowdown in going to movies and things. Turns out, having kids in this age range is a full time job. None of which is to say you are wrong. I'm just not sold on the evidence, yet. Turns out, there is still plenty of big budget entertainment out there.
    - cudgy 3y ago
      The kids are just as tired as many of the adults of watching super hero x version y movies with a smattering of Tom Cruise action version z. I am hopeful that Oppenheimer will be interesting … The feigned move toward AI generated content would likely make things worse, providing bizarre fake Tom Cruise scripts generated from old real Tom Cruise scripts.