The world is changing, and Hollywood is changing with it. Even before the pandemic, the entertainment landscape was moving toward streaming services and on-demand content. Those trends are here to stay long after COVID-19 is gone. Let’s talk about what’s on the horizon. Big Buys First, some background: after the 2009 financial crisis, there was a lot of corporate consolidation. Some companies went bankrupt, while others were purchased. A few merged to increase market share. The end result was fewer big media companies, but the ones that remained were larger than ever before. That era of consolidation has continued to this very day: Comcast owns NBCUniversal, Viacom owns Paramount, AT&T owns Warner Brothers, Disney owns Fox, and more. And these are just the “legacy” media companies. Deep Pockets The new kids on the block are cool, they’re smart, and they’re rich. Read More...
Published By: NoFilmSchool - Monday, 28 December, 2020