The Town with Matthew Belloni
The Biggest Losers of Hollywood’s Cable-pocalypse
Aug 9, 2024
Rich Greenfield, a media analyst at LightShed, dives into the ongoing crisis in linear TV as major networks like Warner Bros. Discovery and Paramount grapple with billion-dollar losses. They discuss the timing of these company's realizations about their TV assets and debate the wisdom of hefty investments in NBA rights for 2025. The conversation also touches on the pressures facing David Zaslav and insights into Apple Studios' future. Greenfield's expert perspective sheds light on the shifting landscape of television and streaming.
37:44
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Quick takeaways
- Major media companies like Warner Bros. Discovery and Paramount are facing massive write-downs, reflecting the urgent need for strategic adaptation in the cable landscape.
- The shift towards digital platforms is drastically impacting traditional networks, leading to a reevaluation of content offerings and pricing strategies to retain subscribers.
Deep dives
The Sony Pictures Hack
In 2014, a major breach at Sony Pictures resulted in the loss of countless confidential documents and data, marking one of the largest hacks in Hollywood history. This incident not only caused significant disruption within the company but also led to an international uproar, impacting thousands of lives in the process. The fallout from the breach highlighted vulnerabilities in cybersecurity practices within the entertainment industry and raised awareness of the potential consequences of digital security incidents. Such breaches serve as cautionary tales for other companies in Hollywood and beyond, emphasizing the urgent need for improved security protocols.
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