Netflix doing well now, is that good?

ahalpert said:
Decline of the media industry is bad for all of us
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Statistically there really is no decline of the media industry, it's just that it has splintered in ways that have meant droves of people leaving the traditional media outlets of broadcast/cable and theaters.
A good portion went to YouTube and self generated "amatuer" media while the rest of the world went to streamers. There is actually growth in media produciton and consumption, it's just that
most of it won't and will never employ us, few YouTubers have crew and staff, although some do. Most crew are working for or have worked for the streamers, I've worked for Netflix and Hulu, not
Amazon Studios yet. Haven't done anything for the traditional studios other than Sony for Peter Rabbit 2, which all got postponed due to the virus.

Those of us who do this for a living can literally look down and see the ground shifting beneath our feet. The Pandemic is going to turn out to be a once in a century or more societal change factor, the economy, how people consume and use media
to do their jobs, retail, theatrical, entertainment, it's all up in the air like it's never been in any of our lifetimes. A lot of us are going to have to foresake media as a living I predict, while other of us will change and adapt to what is happening, but it
is definitely becoming orders more difficult to try to make a living in the media and production business. It's still a fast moving target as to where the growth is going to pop up and come from. The global economy melting down isn't helping things.
 
puredrifting said:
Statistically there really is no decline of the media industry, it's just that it has splintered in ways that have meant droves of people leaving the traditional media outlets of broadcast/cable and theaters.
A good portion went to YouTube and self generated "amatuer" media while the rest of the world went to streamers. There is actually growth in media produciton and consumption, it's just that
most of it won't and will never employ us, few YouTubers have crew and staff, although some do. Most crew are working for or have worked for the streamers, I've worked for Netflix and Hulu, not
Amazon Studios yet. Haven't done anything for the traditional studios other than Sony for Peter Rabbit 2, which all got postponed due to the virus.

Those of us who do this for a living can literally look down and see the ground shifting beneath our feet. The Pandemic is going to turn out to be a once in a century or more societal change factor, the economy, how people consume and use media
to do their jobs, retail, theatrical, entertainment, it's all up in the air like it's never been in any of our lifetimes. A lot of us are going to have to foresake media as a living I predict, while other of us will change and adapt to what is happening, but it
is definitely becoming orders more difficult to try to make a living in the media and production business. It's still a fast moving target as to where the growth is going to pop up and come from. The global economy melting down isn't helping things.
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Yeah overall there is more content being produced and shot (minus the last few months) and needed than ever before, but there is only so much money to go around and now there are more mouths to feed, so to speak. And then the ones essentially doing it for free and hoping to make something on the back-end.
 
puredrifting said:
A lot of us are going to have to foresake media as a living I predict, while other of us will change and adapt to what is happening, but it
is definitely becoming orders more difficult to try to make a living in the media and production business. It's still a fast moving target as to where the growth is going to pop up and come from.
Click to expand...

I'm not sure I agree with this unless people need money fast and cant afford to wait for things to get back up and running. After all, economists are predicting 20% GDP growth in Q3. Whether that happens in Q3 or Q4, I believe it must come as a result of everything halted being restarted. Not from totally new growth. Supposedly the economy will contract 7% this year, but not the ridiculous amount it is currently contracted.

I certainly dont want to be overly optimistic and get caught with my pants down! But I think that if one can weather this rough patch, business will be running at 50% soon and then 75% and possibly higher for some.

Certainly if you're shooting scripted content - there's going to be a huge backlog of scripts and pent-up demand from viewers! (Though I bet it will mostly get shot outside the US for now...)
 
Run&Gun said:
Do they get into a breakdown of those that do “keep the cord”, but cut down the level of service(i.e: someone had a $150/month subscription, but cut it to $50/month)?
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The study found that approximately 32% of households do not have a pay TV subscription and 25% have cut back their service. Of the latter, some 45% said they were likely to cut the cord fully in the next six months ...

Some 52% of pay TV households say they are likely to reduce their package if televised live sports on traditional pay TV does not return....
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https://www.digitaltveurope.com/202...ccelerates-with-cord-shavers-looking-to-exit/

I guess the new buzzword is "cord shavers".
 
puredrifting said:
Statistically there really is no decline of the media industry, it's just that it has splintered in ways that have meant droves of people leaving the traditional media outlets of broadcast/cable and theaters...
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But wait. There's more! (of not so good news for cable)

Free 4K Over The Air (OTA), aka the NextGen TV.

https://www.techradar.com/news/atsc...free-over-the-air-4k-channels-with-nextgen-tv

Unlike other technology that has a set release date, ATSC 3.0 is like 5G in the sense that it's coming to different areas at different times.

That said, there are currently around a half-dozen cities with access to ATSC 3.0 channels with another three dozen coming online in the next year....

There's a big caveat here, though, the cities that have ATSC 3.0 now aren’t necessarily seeing 4K content, instead they’re mostly getting HD channels with some 5.1 surround sound. So don’t feel like you’re missing out.
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puredrifting said:
Those of us who do this for a living can literally look down and see the ground shifting beneath our feet. The Pandemic is going to turn out to be a once in a century or more societal change factor, the economy, how people consume and use media
to do their jobs, retail, theatrical, entertainment, it's all up in the air like it's never been in any of our lifetimes. A lot of us are going to have to foresake media as a living I predict, while other of us will change and adapt to what is happening, but it
is definitely becoming orders more difficult to try to make a living in the media and production business. It's still a fast moving target as to where the growth is going to pop up and come from. The global economy melting down isn't helping things.
Click to expand...

I never quite know what to think. It's easy to find people really struggling, but then I'll pop into some production related facebook groups I'm apart of, and many will post about scoring big deals that make it seem like plenty of companies still have lots of money they're willing to throw around.

I know I'm only seeing the successes, but still. I can never make heads or tails of how worried I should be.
 
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