The Wall Street Journal says investors see only “hopeless economics” for Hollywood streaming services.
The new writer’s contract “will likely mean that companies will make fewer new shows and cancel even more that are on the bubble.” One longtime producer says “the number of scripted shows Hollywood produces could fall by one-third in the next three years.”on top of the ones already in production — are produced annually and no one watches about 290 of them. You are talking about billions of dollars spent on crap no one watches on streaming platforms losing billions of dollars.
Writers won residuals based on streaming success. Good for them. But Wall Street will remain in the dark on streaming viewership numbers — which only means one thing: those numbers are so awful the studios fear the truth will damage the stock price.Consolidation, whether in the form of mergers, joint ventures or bundlesWhat “consolidation” means is that for, say, $49.
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