HomeTechnologyHBO Max, Netflix, Disney+, and the Day Streaming Died

HBO Max, Netflix, Disney+, and the Day Streaming Died

master mentalism tricks

The Monitor is a weekly column devoted to everything happening in the WIRED world of culture, from movies to memes, TV to Twitter.

The date chiseled on the headstone will be May 23, 2023. That’s the day HBO Max—a streaming service with a name that would be inscrutable if it didn’t have “HBO” in it—became just Max. The day that, as the Max news was trending online and the Max app was glitchingNetflix quietly attempted to begin limiting who could share passwords. It was the day streaming died. 

Perhaps this statement is wildly hyperbolic. But amidst what seems like a panicked time in the streaming industry, it doesn’t feel entirely wrong, either. Over the past three years, services like Netflix, Disney+, and a dozen other offerings with goofy titles have lost captive Covid-19-locked-down audiences only to find subscriber churn brought on by a surfeit of options.

To stanch the loss of revenue, many—Netflix, Disney+, HBO Max—launched ad-supported tiers. That saved a few folks some money and brought in cash for corporations, but it also came at a time when streamers’ ever-changing lineups of shows and movies left many viewers confused about what bang they were getting for their buck. For a long time, it felt like a reckoning was coming. This week, it arrived. 

Sarah Henschel, a principal analyst at Omdia who watches the streaming market closely, agrees this is an inflection point. “We’re seeing a lot of these services face maturity, whereas over the past 10 years it’s kind of been the Wild West,” she says. “They’re all starting to face the reality that they have to make money now and can’t just give all of the world’s content away for $5 anymore.”  

Ever since Netflix began streaming movies and television shows, and then making original content like House of Cards, the landscape has been shifting. As tech companies like Netflix and Amazon hustled to get in on the Hollywood production game, Hollywood itself scrambled to catch up with streaming. New players poured millions into developing original movies and shows. Established studios launched their own streaming services—Disney+, Paramount+, Hulu—and in the process reclaimed the content they’d produced for themselves. The Office went to Peacock. Friends went to (HBO) Max. 

The name of the game was Get Subscribers. And it worked—for a while. But it was very expensive, and soon streaming services found themselves in the position of needing to offer ad-supported options to recoup costs and keep customers, or remove things from their libraries. Netflix, long a holdout on commercials, launched an ad-backed tier at the end of 2022. Meanwhile, shows like Westworld disappeared from Max and got licensed to third parties amidst talk of tax write-offs for parent company Warner Bros. Discovery. 

Suddenly, the bold new world of streaming just felt like the old established world of television, where shows bounced around in syndication and a small handful of players vied to be the Big Three of broadcasting (minus the actual broadcasting). “There was an unbundling at the start of the streaming era,” Henschel says, pointing to the announcement earlier this month that Disney will incorporate Hulu into Disney+ later this year. “Now we’re in the rebundling phase.”

Read The Full Article Here

trick photography

Popular posts

The Dutchman Cast: André Holland, Zazie Beetz & More Join
The Creator Reactions: Gareth Edwards’ Latest Is One of 2023’s
Company Paid Critics For Rotten Tomatoes Reviews
‘Pain Hustlers’ Trailer: Netflix Gets Into the Pharma Business
Stars in Flashback: ‘Woody Woodpecker,’ ‘Police Woman’ & More Returning
Can’t Get Enough ‘Buffy’? Check Out These Other Projects Before
Savannah Chrisley Mourns Ex-Fiancé Nick Kerdiles After His Sudden Death
Dancing With the Stars Season 32 to Premiere as Planned
‘It’ Actor Bill Skarsgard to Star in Upcoming Remake of
Maynard James Keenan Acknowledges Huge Fake Gimmick About His Wine
Tirzah Releases New Album Trip9love…???
18 Songs You Should Listen to Now: This Week’s Pitchfork
9 Boob Tapes That Work For All Busts, Shapes, and
Here’s Why Apple Cider Vinegar Is the Ingredient Your Hair
I Travel a Lot for Work—These Are the Useful Items
The Best Street Style Looks From the Fall 2023 Couture
Introducing Our New Newsletter
Nothing is As it Seems in Exploration of Society’s Superficiality
The Best New Book Releases Out September 26, 2023
Book Riot’s Deals of the Day for September 26, 2023
Believing in personal gut feelings and falling for conspiracy theories
New ‘inverse vaccine’ could wipe out autoimmune diseases, but more
CAR-T-cell therapy without side effects? Researchers show results in preclinical
Better use of tech in prisons would help with transition
Bitcoin Falls to $19,000 in Anticipation of Tighter Fed Policy
Portugal’s Ministry of Finance Eyeing a Capital Gains Tax for
Early Prime Day TV Deals Are Already Here
11 Great Deals on Sex Toys, Breast Pumps, and Smart