this post was submitted on 11 Jan 2024
891 points (99.0% liked)
Technology
59217 readers
2726 users here now
This is a most excellent place for technology news and articles.
Our Rules
- Follow the lemmy.world rules.
- Only tech related content.
- Be excellent to each another!
- Mod approved content bots can post up to 10 articles per day.
- Threads asking for personal tech support may be deleted.
- Politics threads may be removed.
- No memes allowed as posts, OK to post as comments.
- Only approved bots from the list below, to ask if your bot can be added please contact us.
- Check for duplicates before posting, duplicates may be removed
Approved Bots
founded 1 year ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
When it was just Netflix and Hulu, it was great for consumers because having a couple streaming services could easily replace the need for cable TV for most people (unless you wanted to watch live sports) and the entertainment companies could still profit from licensing their content to the streaming services. But that wasn't enough for the entertainment companies, and they all thought they could get in on the streaming game with their own platforms, only to discover that keeping a streaming service running and keeping subscribers is expensive for both the company and the consumer, and consumers only have so much time and disposable income they can spend on those services. So the market has become oversaturated with a million streaming services all carrying limited libraries of content that make it tough for any consumer to feel it's worth it to pay for any of them except when one or two certain shows on each have a new season. This leaves most services running at a loss after expenses of keeping servers up and trying to make content to bring in and keep those subscribers, which many fail to do. The current state of it is unsustainable and I think in the end it's eventually going to return to a model where only a few will survive, probably the larger ones owned by the entertainment companies themselves who have deep enough pockets from their other ventures to keep their services alfoat during off-peak times. A LOT of content is going to become lost media as that purge of services happens.