Your advice would be telling Apple to ditch the $10 headphone dongle because it has a low ROI, and they should be using the factory to crank out more iphones…
Yeah, I was going off the article's statement that it was about reducing value of assets. Makes more sense if write-offs are included as well.
Well, they're not going to have any WGA shows either any time soon, and maybe the WGA will start advocating for an investor lawsuit on this basis?
I wonder what percentage of streaming hours on Netflix is toddler and preschool shows like CoComelon?
The path to profitability is reruns of Cheers, low budget quiz shows and (scripted) reality TV.
however those shows do not fix modern narrative thus can not be made.
People want to watch good scripted shows, instead of they get terrible writing, terrible acting, and over all terrible shows....
I guess it makes some sense when you scrap a project completely and take a loss in exchange for a write-off, but some of these shows have been available for years.
I am still waiting for one of the Streaming Services to Make a Good TV Shows...
Until then I have TB's of good content from the past on my Home Media Server, I have no problems re-watching...
The AI stuff is a wildcard on top of everything. The worst case scenario for the WGA and SGA is that the more successful they are with their getting their demands, the less likely there will be anything resembling North America's film/tv industry left within 5 years.
Most background actors replaced by AI generated substitutes.
Writer rooms turned into editor rooms for AI generated thoughts that simply rehash the existing 100k hours of plots already extant.
In a sense, it's the buggy whip workers striking after the Advent of cars
That's a large number but so was their revenue: $31.6B.
So, Netflix declines to release viewing numbers but you somehow know they're insufficient to their bottom line to support their spend?
The real scandal here is how little viewership streaming shows get and how little revenue they generate off of that viewership. Particularly for how expensive these shows are.
I wrote a couple of comments elsewhere in the thread about some specifics and consequences. But the takeaway is that the last decade+ of super expensive “prestige” shows on streaming has been a huge bubble that isn’t supported by the underlying revenue generated by the shows. In 2022 Netflix spent $16 billion on producing shows [https://variety.com/2023/digital/news/netflix-content-spendi...] to generate shockingly few viewing hours (which is why they will never agree to WGA demands to release viewership numbers in order to pay writers residuals; their stock would go to 0 if those numbers ever became public). The future of streaming is ad-supported cheaply produced reality TV, ie exactly what niche cable looked like in 2008.