Plain English with Derek Thompson

Burning Questions on Media: Streaming’s Summer of Hell, Movie Theater Woes, and CNN’s Risky Pivot

Aug 26, 2022
Join Matt Belloni, host of 'The Town' and founding partner at Puck News, as he dives into the chaotic summer of the media industry. He reveals the struggles of traditional movie theaters amidst blockbuster success and discusses HBO Max's drastic cuts to tackle finances. Explore the streaming landscape, where platforms are vying for dominance, and CNN's pivot towards a less partisan identity. With a sprinkle of restaurant metaphors, Matt sheds light on how these shifts may redefine Hollywood's future.
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INSIGHT

Movie Theater Dilemma

  • Blockbusters thrive, but mid-budget films struggle in theaters.
  • This hurts theaters reliant on diverse film releases, not just hits.
INSIGHT

Rom-Coms on Streaming

  • Romantic comedies, lacking "theatricality," are migrating to streaming.
  • Studios prioritize big-budget, pre-branded content for theatrical releases.
INSIGHT

Theaters Must Adapt

  • Movie theaters are declining and must adapt.
  • They should consider subscriptions, diverse experiences, and better amenities.
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