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3min chapter
How Hollywood Drove Its Business Model Off a Cliff
Plain English with Derek Thompson
The Importance of Direct Consumer Streaming
Derek Jeter: Entertainment companies assumed that if they went from this old fashioned pay TV model to this direct to consumer model they thought, Oh, we'll all become Netflix will all make a bunch of money. Why weren't the profits there when they crossed the river? And I want you to help us understand why hasn't this been a bonanza of profitability. He says consumers were screaming for it. People think of HBO now as having trouble logging in to watch Game of Thrones finale or the Game of Thrones premiere and we remember all these stories about these huge subscriber numbers. We use HBO now a lot within our industry when we're talking different analystsYou're talking different executives as a reason
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