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--> YouTube-Generated Transcript <--
0:00 · Welcome back to Cork Cutting Today
0:02 · weekend edition where we break down some
0:04 · of the biggest things happening in the
0:05 · world of cork cutting including today
0:07 · since the end of cable TV as we know it.
0:11 · War Brush Discovery, Disney and Comcast
0:13 · are all getting rid of their cable
0:15 · networks, shutting down some, but mostly
0:17 · spinning them off into independent
0:19 · companies. We're going to break down
0:20 · what's happening and why suddenly
0:22 · everybody just wants to get rid of their
0:24 · cable TV networks and just doesn't want
0:26 · anything to do with them. First though,
0:28 · if you want to read more about this
0:29 · story, I'll put a link to it in the show
0:30 · notes and in the first pen comment so
0:32 · you can read it there for yourself and
0:33 · come up with your own opinions. I'd love
0:34 · to hear from you. If you like what we do
0:36 · here, please consider hitting that
0:37 · subscribe button, hitting that thumbs
0:39 · up, doing one or both lets YouTube know
0:41 · you enjoy what we do here. All right,
0:43 · with that said, let's dive into it. This
0:45 · year has been a lot of news about the
0:48 · end of cable TV. Let's be honest,
0:50 · justifiably, we've seen several cable TV
0:53 · networks shut down. Most notably that's
0:55 · already happened is Universal Kids is
0:57 · shut down. But in August, several HBO
1:01 · networks will be discontinued and shut
1:04 · down. The smaller like HBO family type
1:06 · channels with this are going away on
1:09 · August 15th. Not sure exactly when on
1:11 · the 15th. Is it like 11:59 p.m. or 6:00
1:14 · a.m.? I don't know. Somewhere on the
1:16 · 15th. They'll be removed from your
1:18 · packages if you pay for HBO.
1:21 · But other things are happening too.
1:23 · Comcast. This was the first one. They
1:25 · announced that all their cable networks
1:26 · except for Bravo will be spun off into
1:28 · an independent company, including MSNBC,
1:31 · CNBC,
1:33 · uh, USA Network, and more. With that,
1:35 · Warren Brothers Discovery has filed
1:36 · suit, announcing they'll spin off all
1:39 · their cable networks, though they will
1:40 · remain in day-to-day control of Turner
1:43 · Classic movies, but all others be
1:45 · completely spun off into independent
1:46 · one, including CNN, Cartoon Network, and
1:50 · more with that. And Disney at first
1:53 · saying, "Oh, we're we don't have any
1:55 · intention of getting rid of any of our
1:56 · networks or making any changes has now
1:59 · reportedly starting to put some of its
2:01 · A&E networks. Disney owns half of A&E
2:04 · and its joint partner and them are
2:06 · putting them up for sale. With that, I
2:10 · think this is just the tip of the
2:11 · iceberg. A couple things are happening.
2:13 · Of course, core cutting is happening. A
2:15 · lot of people have cut the cord and are
2:18 · no longer paying a subscription at all.
2:20 · They're not even paying for something
2:20 · like Fubo or YouTube TV or any of those.
2:23 · And because of that, we're seeing a lot
2:25 · of uh loss in revenue, but advertisers
2:28 · have started to heavily pull out of TV.
2:31 · Few things in general, the advertising
2:32 · market in general is really soft.
2:34 · There's more places than ever to
2:36 · advertise. Not only on traditional cable
2:38 · networks, but look at all these on
2:40 · demand services that now have ad
2:41 · supported. And then you get the ones
2:43 · that are 100% ad supported like Pluto
2:45 · TV, Tuby, the Roku channel, and more are
2:48 · seeing a lot of growth.
2:49 · And because of that, we're seeing a lot
2:51 · of change with it.
2:54 · All this put together is creating the
2:56 · perfect storm and a breaking point for
2:58 · cable TV network parents where companies
3:00 · where they're just saying it's no longer
3:02 · worth it. This is really the end here a
3:05 · little bit. We've seen recently over 5
3:08 · million people a year for several years
3:10 · in a row have canled a subscription to a
3:12 · cable network whether that be through
3:14 · one of these uh streaming services or
3:17 · traditional cable TV type service.
3:20 · People are ditching it and now we're
3:23 · seeing ad revenue fall apart. I expect
3:25 · somewhere between four and five million
3:27 · people this year to cancel TV. Also,
3:29 · it's funny to say, "Hey, that's 15
3:31 · million people in just a few years no
3:33 · longer seeing our ads. Why put our ads
3:35 · on those channels? And that's why we're
3:38 · also seeing a lot of big changes on
3:39 · things like MTV now airing long
3:42 · stretches of friends just to try to get
3:45 · any traffic there. Put this all
3:48 · together. What does it mean for now?
3:52 · We're just seeing a hey, we want them
3:54 · offer books. I anticipate in the next
3:56 · couple years we'll see a mass exes of
3:59 · cable TV networks. expect I I I do mean
4:03 · this over the next few years as many as
4:06 · a third of all cable TV networks to shut
4:09 · down by 2020 2030 to be very generous
4:13 · 2035 in 10 years maybe a third or more
4:17 · of cable TV networks could shut down.
4:20 · I've heard from multiple people in the
4:21 · industry that I'm friends with say
4:23 · similar things that they do believe that
4:25 · we're about to see a mass shutdown of
4:27 · cable TV networks. As few fewer people
4:29 · watch, why have all these channels? Why
4:31 · not consolidate those viewers behind
4:33 · just a handful of popular channels? Why
4:36 · do you need MTV 2, MTV
4:39 · um classic, all these smaller MTV
4:42 · channels? we can just push them on to
4:43 · MTV or more importantly over to things
4:47 · like Disney Plus, Paramount Plus, Max,
4:49 · and other similar streaming services.
4:52 · Look for a large number of cable TV
4:56 · channels to shut down in the next few
4:57 · years. You're already seeing it with
4:58 · Universal Kids, some of the HBO
5:00 · channels. We've also seen some
5:02 · international channels that aired here
5:03 · in the United States shut down. Disney
5:06 · has gotten rid of most of the cable
5:07 · channels internationally. The Disney
5:09 · Channel, for example, is completely gone
5:11 · in most of Europe, Australia, New
5:13 · Zealand, and parts of Asia. And instead,
5:15 · they're sending people to Disney Plus. I
5:17 · think that's coming here to the United
5:19 · States. Maybe not immediately for a
5:22 · channel like the Disney Channel. But how
5:24 · long is FXX or FX Movies and other
5:27 · similar smaller channels going to
5:28 · continue to be offered? Because of that,
5:31 · I firmly believe you look for a third of
5:35 · the cable channels. Many of which are
5:37 · channels you probably never heard of.
5:39 · Many of them could be some bigger
5:41 · channels you were once well um fans of.
5:44 · I expect some bet some of the smaller
5:46 · channels there to shut down. But what's
5:48 · the future of Cartoon Network?
5:51 · Several people who work there and the
5:53 · voice have expressed concerns for the
5:55 · future as major cuts have happened.
5:57 · viewership is way down and Adult Swim
5:59 · has continued to expand. You see um
6:02 · Comcast and others moving um Cartoon
6:05 · Network either into more expensive
6:06 · packages or out of their base packages
6:09 · into add-ons only instead focusing more
6:13 · on Adult Swim with that.
6:16 · All this comes together into a perfect
6:17 · storm. What cable TV networks are most
6:20 · likely to shut down? I firmly believe it
6:21 · will be children's networks. some of the
6:23 · most want likely even something as big
6:26 · as Nickelodeon or Cartoon Network could
6:28 · just be folded into their streaming
6:29 · services.
6:31 · After that, look for some of the smaller
6:34 · channels like be the smaller BET
6:37 · channels and the smaller NTV channels
6:39 · for example to be shut down and
6:41 · consolidated. There's just not the
6:43 · viewership to support these channels
6:45 · anymore. And there's not the ad revenue
6:47 · to make it up either.
6:49 · put this all together. Hey, core cutting
6:51 · is one, but now what's next for movie
6:55 · studios? They now have to figure out how
6:56 · to make these streaming services
6:58 · profitable enough to continue to
6:59 · operate. We'll watch and wait. Give me a
7:02 · comment. What do you think is the most
7:03 · likely cable TV network to shut down in
7:06 · 2025? I'd love to hear from you. If you
7:08 · like these videos, you like our
7:10 · breakdowns, everything happening in the
7:11 · world of cork cutting, don't forget to
7:13 · hit that subscribe button or hit that
7:15 · thumbs up. Doing one or both really does
7:18 · help us because it lets YouTube know you
7:19 · enjoy what we do here. Maybe we can help
7:22 · you break free from the high cost of
7:23 · cable TV and still watch the shows you
7:26 · enjoy.
7:27 · But over a third of all cable TV
7:30 · networks in the next 5 to 10 years shut
7:33 · down. That's my prediction. And it comes
7:36 · from over 11 years of covering the world
7:38 · of television every day for a living and
7:41 · from many experts I've talked to in the
7:43 · field who share similar views with me.
7:47 · But from my understanding, that's my
7:49 · prediction. And again, these are going
7:51 · to be mostly lesser known channels.
7:53 · Remember, there's well over 120 rated
7:55 · channels out there and even more than
7:58 · that when you look at some of the very
8:00 · small ones on the market. Well, that's
8:02 · it for today. I hope you have a
8:04 · fantastic day. We'll be back again
8:05 · tomorrow with another video. Until then,
8:07 · take care, be safe. I'll talk to you all
8:10 · again real soon.

--> YouTube-Generated Transcript <--
0:00	·	Welcome back to Cork Cutting Today
0:02	·	weekend edition where we break down some
0:04	·	of the biggest things happening in the
0:05	·	world of cork cutting including today
0:07	·	since the end of cable TV as we know it.
0:11	·	War Brush Discovery, Disney and Comcast
0:13	·	are all getting rid of their cable
0:15	·	networks, shutting down some, but mostly
0:17	·	spinning them off into independent
0:19	·	companies. We're going to break down
0:20	·	what's happening and why suddenly
0:22	·	everybody just wants to get rid of their
0:24	·	cable TV networks and just doesn't want
0:26	·	anything to do with them. First though,
0:28	·	if you want to read more about this
0:29	·	story, I'll put a link to it in the show
0:30	·	notes and in the first pen comment so
0:32	·	you can read it there for yourself and
0:33	·	come up with your own opinions. I'd love
0:34	·	to hear from you. If you like what we do
0:36	·	here, please consider hitting that
0:37	·	subscribe button, hitting that thumbs
0:39	·	up, doing one or both lets YouTube know
0:41	·	you enjoy what we do here. All right,
0:43	·	with that said, let's dive into it. This
0:45	·	year has been a lot of news about the
0:48	·	end of cable TV. Let's be honest,
0:50	·	justifiably, we've seen several cable TV
0:53	·	networks shut down. Most notably that's
0:55	·	already happened is Universal Kids is
0:57	·	shut down. But in August, several HBO
1:01	·	networks will be discontinued and shut
1:04	·	down. The smaller like HBO family type
1:06	·	channels with this are going away on
1:09	·	August 15th. Not sure exactly when on
1:11	·	the 15th. Is it like 11:59 p.m. or 6:00
1:14	·	a.m.? I don't know. Somewhere on the
1:16	·	15th. They'll be removed from your
1:18	·	packages if you pay for HBO.
1:21	·	But other things are happening too.
1:23	·	Comcast. This was the first one. They
1:25	·	announced that all their cable networks
1:26	·	except for Bravo will be spun off into
1:28	·	an independent company, including MSNBC,
1:31	·	CNBC,
1:33	·	uh, USA Network, and more. With that,
1:35	·	Warren Brothers Discovery has filed
1:36	·	suit, announcing they'll spin off all
1:39	·	their cable networks, though they will
1:40	·	remain in day-to-day control of Turner
1:43	·	Classic movies, but all others be
1:45	·	completely spun off into independent
1:46	·	one, including CNN, Cartoon Network, and
1:50	·	more with that. And Disney at first
1:53	·	saying, "Oh, we're we don't have any
1:55	·	intention of getting rid of any of our
1:56	·	networks or making any changes has now
1:59	·	reportedly starting to put some of its
2:01	·	A&E networks. Disney owns half of A&E
2:04	·	and its joint partner and them are
2:06	·	putting them up for sale. With that, I
2:10	·	think this is just the tip of the
2:11	·	iceberg. A couple things are happening.
2:13	·	Of course, core cutting is happening. A
2:15	·	lot of people have cut the cord and are
2:18	·	no longer paying a subscription at all.
2:20	·	They're not even paying for something
2:20	·	like Fubo or YouTube TV or any of those.
2:23	·	And because of that, we're seeing a lot
2:25	·	of uh loss in revenue, but advertisers
2:28	·	have started to heavily pull out of TV.
2:31	·	Few things in general, the advertising
2:32	·	market in general is really soft.
2:34	·	There's more places than ever to
2:36	·	advertise. Not only on traditional cable
2:38	·	networks, but look at all these on
2:40	·	demand services that now have ad
2:41	·	supported. And then you get the ones
2:43	·	that are 100% ad supported like Pluto
2:45	·	TV, Tuby, the Roku channel, and more are
2:48	·	seeing a lot of growth.
2:49	·	And because of that, we're seeing a lot
2:51	·	of change with it.
2:54	·	All this put together is creating the
2:56	·	perfect storm and a breaking point for
2:58	·	cable TV network parents where companies
3:00	·	where they're just saying it's no longer
3:02	·	worth it. This is really the end here a
3:05	·	little bit. We've seen recently over 5
3:08	·	million people a year for several years
3:10	·	in a row have canled a subscription to a
3:12	·	cable network whether that be through
3:14	·	one of these uh streaming services or
3:17	·	traditional cable TV type service.
3:20	·	People are ditching it and now we're
3:23	·	seeing ad revenue fall apart. I expect
3:25	·	somewhere between four and five million
3:27	·	people this year to cancel TV. Also,
3:29	·	it's funny to say, "Hey, that's 15
3:31	·	million people in just a few years no
3:33	·	longer seeing our ads. Why put our ads
3:35	·	on those channels? And that's why we're
3:38	·	also seeing a lot of big changes on
3:39	·	things like MTV now airing long
3:42	·	stretches of friends just to try to get
3:45	·	any traffic there. Put this all
3:48	·	together. What does it mean for now?
3:52	·	We're just seeing a hey, we want them
3:54	·	offer books. I anticipate in the next
3:56	·	couple years we'll see a mass exes of
3:59	·	cable TV networks. expect I I I do mean
4:03	·	this over the next few years as many as
4:06	·	a third of all cable TV networks to shut
4:09	·	down by 2020 2030 to be very generous
4:13	·	2035 in 10 years maybe a third or more
4:17	·	of cable TV networks could shut down.
4:20	·	I've heard from multiple people in the
4:21	·	industry that I'm friends with say
4:23	·	similar things that they do believe that
4:25	·	we're about to see a mass shutdown of
4:27	·	cable TV networks. As few fewer people
4:29	·	watch, why have all these channels? Why
4:31	·	not consolidate those viewers behind
4:33	·	just a handful of popular channels? Why
4:36	·	do you need MTV 2, MTV
4:39	·	um classic, all these smaller MTV
4:42	·	channels? we can just push them on to
4:43	·	MTV or more importantly over to things
4:47	·	like Disney Plus, Paramount Plus, Max,
4:49	·	and other similar streaming services.
4:52	·	Look for a large number of cable TV
4:56	·	channels to shut down in the next few
4:57	·	years. You're already seeing it with
4:58	·	Universal Kids, some of the HBO
5:00	·	channels. We've also seen some
5:02	·	international channels that aired here
5:03	·	in the United States shut down. Disney
5:06	·	has gotten rid of most of the cable
5:07	·	channels internationally. The Disney
5:09	·	Channel, for example, is completely gone
5:11	·	in most of Europe, Australia, New
5:13	·	Zealand, and parts of Asia. And instead,
5:15	·	they're sending people to Disney Plus. I
5:17	·	think that's coming here to the United
5:19	·	States. Maybe not immediately for a
5:22	·	channel like the Disney Channel. But how
5:24	·	long is FXX or FX Movies and other
5:27	·	similar smaller channels going to
5:28	·	continue to be offered? Because of that,
5:31	·	I firmly believe you look for a third of
5:35	·	the cable channels. Many of which are
5:37	·	channels you probably never heard of.
5:39	·	Many of them could be some bigger
5:41	·	channels you were once well um fans of.
5:44	·	I expect some bet some of the smaller
5:46	·	channels there to shut down. But what's
5:48	·	the future of Cartoon Network?
5:51	·	Several people who work there and the
5:53	·	voice have expressed concerns for the
5:55	·	future as major cuts have happened.
5:57	·	viewership is way down and Adult Swim
5:59	·	has continued to expand. You see um
6:02	·	Comcast and others moving um Cartoon
6:05	·	Network either into more expensive
6:06	·	packages or out of their base packages
6:09	·	into add-ons only instead focusing more
6:13	·	on Adult Swim with that.
6:16	·	All this comes together into a perfect
6:17	·	storm. What cable TV networks are most
6:20	·	likely to shut down? I firmly believe it
6:21	·	will be children's networks. some of the
6:23	·	most want likely even something as big
6:26	·	as Nickelodeon or Cartoon Network could
6:28	·	just be folded into their streaming
6:29	·	services.
6:31	·	After that, look for some of the smaller
6:34	·	channels like be the smaller BET
6:37	·	channels and the smaller NTV channels
6:39	·	for example to be shut down and
6:41	·	consolidated. There's just not the
6:43	·	viewership to support these channels
6:45	·	anymore. And there's not the ad revenue
6:47	·	to make it up either.
6:49	·	put this all together. Hey, core cutting
6:51	·	is one, but now what's next for movie
6:55	·	studios? They now have to figure out how
6:56	·	to make these streaming services
6:58	·	profitable enough to continue to
6:59	·	operate. We'll watch and wait. Give me a
7:02	·	comment. What do you think is the most
7:03	·	likely cable TV network to shut down in
7:06	·	2025? I'd love to hear from you. If you
7:08	·	like these videos, you like our
7:10	·	breakdowns, everything happening in the
7:11	·	world of cork cutting, don't forget to
7:13	·	hit that subscribe button or hit that
7:15	·	thumbs up. Doing one or both really does
7:18	·	help us because it lets YouTube know you
7:19	·	enjoy what we do here. Maybe we can help
7:22	·	you break free from the high cost of
7:23	·	cable TV and still watch the shows you
7:26	·	enjoy.
7:27	·	But over a third of all cable TV
7:30	·	networks in the next 5 to 10 years shut
7:33	·	down. That's my prediction. And it comes
7:36	·	from over 11 years of covering the world
7:38	·	of television every day for a living and
7:41	·	from many experts I've talked to in the
7:43	·	field who share similar views with me.
7:47	·	But from my understanding, that's my
7:49	·	prediction. And again, these are going
7:51	·	to be mostly lesser known channels.
7:53	·	Remember, there's well over 120 rated
7:55	·	channels out there and even more than
7:58	·	that when you look at some of the very
8:00	·	small ones on the market. Well, that's
8:02	·	it for today. I hope you have a
8:04	·	fantastic day. We'll be back again
8:05	·	tomorrow with another video. Until then,
8:07	·	take care, be safe. I'll talk to you all
8:10	·	again real soon.