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Yep, when everything was available on 1 or 2 services, of course everyone signed up.. Canceling your $200/month cable subscription (for hundreds of channels yo
by sbarre 3y ago
Yep, when everything was available on 1 or 2 services, of course everyone signed up.. Canceling your $200/month cable subscription (for hundreds of channels you didn't watch) in exchange for a few $20/month on-demand services was extremely attractive and was cheap enough that it competed with piracy for many people.
All the big studios licensed their stuff to Netflix because that's where everyone was going, but that wasn't as profitable, and in the process they destroyed the rest of their channel-by-channel and appointment TV business without really thinking about sustainability for the workforce in the long term.
Then the big media companies wanted those profits back, so they started fragmenting into multiple streaming services as their Netflix deals expired, and now we're back to $200/month to get all the shows.
But the workforce isn't seeing any of that money this time around due to the lack of streaming covering in the contracts, which is what led to the current strikes.
It's a tricky problem for that industry: I suspect I'm not alone in wanting to see creators and working class people get paid for their work, but also not willing to go back to the old system of having to over-pay for a ton of content I don't want just to get the fraction of content I do want because it's spread across a ton of different "channels" that all need to be paid for separately.