Neo2199 OP t1_iyed38r wrote on November 30, 2022 at 7:43 PM

#822,078

This week is going to be a bloodbath for media & entertainment companies.

Razzler1973 t1_iyelfde wrote on November 30, 2022 at 8:36 PM

#825,080

So, every network/studio is cutting back, it seems

ijakinov t1_iyelvom wrote on November 30, 2022 at 8:39 PM

#825,253

Replying to Razzler1973 (#825,080)

Most big companies in general are doing layoffs nowadays.

sgthombre t1_iyeoxr1 wrote on November 30, 2022 at 8:59 PM

#826,426

Shoutout to my guy Zaslav, taking all the heat off of the other streamers by becoming the face of shitty hollywood business practices that everyone was going to do

natalie_mf_portman t1_iyeu9om wrote on November 30, 2022 at 9:33 PM

#828,404

Media corporations are getting the big headlines, but we're definitely going into a recession. Companies in every industry nationwide are scaling back, and they always start with cutting jobs.

jogoso2014 t1_iyey3al wrote on November 30, 2022 at 9:59 PM

#830,031

Replying to Razzler1973 (#825,080)

As much as layoffs suck, this should be happening.

The redundancies are ridiculous now that streaming tends to merge previously disparate formats.

AgentElman t1_iyf7is2 wrote on November 30, 2022 at 11:06 PM

#834,253

Maybe the dark age of television will finally end and companies will start making television that people like instead of the grimdark snooze fests called "prestige television".

For years the studios have been trying to lure viewers with critically acclaimed shows that have cult followings but are ignored by the masses. Only Netflix makes money of the major streaming services. And only Netflix makes romcom movies.

It should be clear that making shows that critics love and audiences hate is not a winning strategy. We will hopefully see the end of prestige television and the return to good television.