True or False: 10 Controversial Predictions About the Future of Streaming, Tech, and Media

Plain English with Derek Thompson

The Ringer

News Commentary, News

4.8 • 1.8K Ratings

🗓️ 13 January 2023

⏱️ 38 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Last year was a bloodbath for media of all stripes. Netflix crashed, the advertising market cratered, Disney fired a CEOBob and replaced him with a CEOBob, and meanwhile, the domestic box office for films remained dormant. Outside of a handful of huge hits like 'Top Gun: Maverick,' the movie business is struggling to get people to see original movies that aren’t just the latest installation of familiar franchises. But one mistake that media people, like me, can often make is that we mistake current trends for permanent trends. So I thought what we’d do today is run through several predictions and provocations that I’m hearing from my friends and sources in the media and entertainment space, throw all of them at a smart media analyst, and see what they have to say about the prevailing wisdom. Today’s smart media analyst is return guest Rich Greenfield from Lightshed. Host: Derek Thompson Guest: Rich Greenfield Producer: Devon Manze Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0	Hey everyone, it's Ariel Hawani, and I'm Chuck Mendenhall, and I'm Petty Carole and
0:05.5	together we are 3Puck.
0:07.6	Join us on the brand new Spotify Live app immediately after all of the biggest fights
0:12.4	in combat sports, and also during the weigh-ins because that's when the real drama happens.
0:17.4	So what are you waiting for?
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0:23.4	join the best community in MMA.
0:25.4	Perse!
0:26.4	We're out of here.
0:29.8	And today's episode, we got predictions.
0:34.9	Predictions, provocations, and premises about the future of streaming, tech, and entertainment.
0:41.8	Last year was a bloodbath for media of all stripes.
0:45.6	Netflix was down, the ad market cratered, Disney fired a CEO Bob and replaced him with
0:51.0	another CEO Bob, Warner Brothers Discovery, was Knight Marish, and meanwhile the domestic
0:56.6	box office for films was down to, and outside a handful of huge hits like Top Gun Maverick
1:02.5	and Avatar, the movie business is still struggling to get people to see original films that
1:08.3	aren't just the latest installation of familiar franchises.
1:11.2	And what's interesting is that you'd think, okay, well if people aren't watching movies
1:15.3	but they're still, you know, consuming a lot of video entertainment, then surely the
1:19.3	streaming companies are doing well, but basically all the streaming companies seem to have
1:23.3	negative or minuscule earnings themselves.
1:26.5	And it really has been difficult in an age of rising interest rates to look across the
	...

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