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The Town with Matthew Belloni
Netflix’s Greta Gerwig Situation, a Buried Clint Eastwood Movie, and Streaming’s Good Week
Nov 11, 2024
Lucas Shaw, a Bloomberg reporter focused on media and entertainment, joins to discuss the recent earnings of Warner Bros. Discovery and the overall recovery of streaming services. They explore Netflix’s new approach with Greta Gerwig’s Narnia film getting IMAX screenings, hinting at a potential shift in strategy. The conversation also highlights the mystery behind Clint Eastwood's buried project, 'Juror #2,' and wraps up with insights about the future of the 'Mission Impossible' franchise amid evolving cinematic trends.
33:28
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Quick takeaways
- Recent earnings reports indicate a positive shift in streaming profitability, prompting concerns about long-term sustainability amid competitive pressures.
- Netflix's potential pivot towards theatrical releases for notable films like Greta Gerwig's Narnia signals a significant shift in its distribution strategy.
Deep dives
Turning the Corner in Streaming
Recent earnings reports from major media companies indicate a potential positive shift in their streaming services. Companies like Discovery and Paramount have reported profitability in their streaming divisions for the first time, showcasing a successful strategy of cutting costs and scaling down productions. Meanwhile, Peacock has experienced a decrease in losses despite challenges, suggesting it has gained subscriber traction partly due to major events like the Olympics. However, while growth exists, the overall revenue boost remains modest, raising questions about the sustainability of these services amid ongoing challenges in their traditional linear television segments.
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Discover
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