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Business Daily

Streaming wars: Survival of the smallest?

Business Daily

BBC

News, Business

4.4796 Ratings

🗓️ 25 February 2022

⏱️ 17 minutes

🧾️ Download transcript

Summary

The multibillion dollar streaming industry is thriving, but too much choice makes it a fragmented landscape. In order to survive, the smallest companies might have the edge. Entertainment reporter Katie Ceck says the current model of streaming is unsustainable, and that the trend towards big companies gobbling up smaller ones is the future. Despite being a cluttered market, film lecturer in Vancouver, Michael Baser says there has never been a better time to make diverse programming that was formerly constricted by advertisers. But the new age of freedom is rife with peril, as investors begin to demand profits from an overly saturated market. Georg Szalai from the Hollywood Reporter tells us how the producers will pull it off.

(Image: A minimalist, digital iteration of a battle. Credit: Seamartini/Getty Images)

Transcript

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0:00.0

Hi there, my name's Ed Butler. Welcome to Business Daily from the BBC. Today, a golden era of streaming, big budget film production comes to the small screen. But can it last?

0:14.4

There is just far too much consumer choice at this point. It is just not sustainable for every household to subscribe to 12 different

0:22.4

services and there are hundreds from which to choose. For those of us who only manage lockdown

0:27.5

thanks to an endless diet of streamed TV serials, what does all this mean? In the end, the market

0:33.8

will shake out and there will maybe be three to five global players in streaming.

0:40.0

There's a lot of talk about who else will merge, who will have to throw in the towels and give up their service to a bigger player.

0:46.2

The Streaming Wars, here on Business Daily from the BBC.

0:53.7

All is fair in love and war.

0:58.6

Opulent studio productions.

1:01.6

Like this one, Bridgeton.

1:03.0

Stephanie Bridgeton.

1:04.8

From Netflix, with massive Hollywood scale budgets.

1:08.4

Only now, we're all able to watch it at home on our TV screens.

1:13.2

The time has come for the social season.

1:16.7

Streamed serials have achieved extraordinary global popularity of late,

1:20.8

proving the system as a way to reach global audiences on a massive scale.

1:25.4

And with hundreds of millions of us tuning in, it is a great time

1:29.1

to be in the entertainment business. The future of television production really lies in these

1:35.6

new platforms that have kind of taken over. And there's never been a better time to be interested in a career in the industry.

1:46.6

That's Michael Beza, a veteran TV comedy writer who's now head of film production at the

1:52.0

Vancouver Film School in Canada. When I started out in the early 70s in Los Angeles,

1:57.5

there were only three places for me to sell my wares to. It was ABC, CBS and NBC.

...

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