“Eventually people tire of it and move on to something else.”
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Which they’re more likely to get from streaming services, which provide a larger variety of genres and eras.
The streamers will likely become the major innovators in TV and feature length productions. They have to be more responsive to demand.
The major film studios won’t die quick, but their business model is becoming increasingly outdated due to tech advances & options.
We dumped TV in 1997. But we found out about a year ago that our amazon prime membership gave us free videos, and our TV we bought at about the same time includes a ton of streaming services, including Amazon prime, via our wi-fi router.
We leapfrogged cable. We now watch old TV shows, which we love, many movies from several decades, etc. And it is all on demand. Cable seems downright quaint now.
Major studios are holding companies those thousands of tv shows and movies dating back 70+ years. Takes a big screw up to ‘go under’ with all that money sitting in the vault.