The negative reaction to Netflix last week after Disney’s announcement that it would pull back its films and series after 2018 was both swift and severe. Within hours, Netflix lost $3 billion in valuation, and plenty of hot takes opined that Disney’s decision was the most momentous but hardly the only one by Hollywood studios now scared to license content to the big red N.
Certainly, the Disney announcement includes lots of interlocking pieces that are well thought out and promise big shifts in Hollywood’s halting embrace of digital media. The announcement heralds two big new streaming services (Espn and Whatever Disney calls the other one) next to the dozens of over-the-top services already out there. More choice for consumers! More high-end subscription-only stuff you get to track down, connect to and pay for! Yay! Act happy!
At the same time, let me suggest that you shouldn’t cry too hard for Netflix.
Certainly, the Disney announcement includes lots of interlocking pieces that are well thought out and promise big shifts in Hollywood’s halting embrace of digital media. The announcement heralds two big new streaming services (Espn and Whatever Disney calls the other one) next to the dozens of over-the-top services already out there. More choice for consumers! More high-end subscription-only stuff you get to track down, connect to and pay for! Yay! Act happy!
At the same time, let me suggest that you shouldn’t cry too hard for Netflix.
- 8/18/2017
- by David Bloom
- Tubefilter.com
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