Re:Amazon requires services on Fire TV to give it 30% of ad ...
by taeric on Tuesday August 01, 2023 @05:23PM
(#36963197)
The evidence just isn't there to believe that any of the small streaming offerings are competing with long form videos. "Funniest Home Videos" is, not shockingly, on the drop. But long form entertainment is literally doing better than it ever has.
Yes, YouTube and the like have more viewers than some of the paid services. They aren't, necessarily, making more money with those viewers. And even odds on whether they could keep the viewers as they try to make money. My bet would probably be no, all told. Consider, radio has been free for ages. Even broadcast television was free. This did little or nothing to prevent paid services from growing.
TLDR summary Hollywood's biggest competition isn't between themselves but YouTube and Tiktok and how they are shaping and changing media consumption habits and thus the media landscape. To me the data I pointed out already shows this including 2023 lackluster box office results compared to 2022.