this post was submitted on 28 Dec 2023
255 points (98.5% liked)

News

23655 readers
3225 users here now

Welcome to the News community!

Rules:

1. Be civil


Attack the argument, not the person. No racism/sexism/bigotry. Good faith argumentation only. This includes accusing another user of being a bot or paid actor. Trolling is uncivil and is grounds for removal and/or a community ban. Do not respond to rule-breaking content; report it and move on.


2. All posts should contain a source (url) that is as reliable and unbiased as possible and must only contain one link.


Obvious right or left wing sources will be removed at the mods discretion. We have an actively updated blocklist, which you can see here: https://lemmy.world/post/2246130 if you feel like any website is missing, contact the mods. Supporting links can be added in comments or posted seperately but not to the post body.


3. No bots, spam or self-promotion.


Only approved bots, which follow the guidelines for bots set by the instance, are allowed.


4. Post titles should be the same as the article used as source.


Posts which titles don’t match the source won’t be removed, but the autoMod will notify you, and if your title misrepresents the original article, the post will be deleted. If the site changed their headline, the bot might still contact you, just ignore it, we won’t delete your post.


5. Only recent news is allowed.


Posts must be news from the most recent 30 days.


6. All posts must be news articles.


No opinion pieces, Listicles, editorials or celebrity gossip is allowed. All posts will be judged on a case-by-case basis.


7. No duplicate posts.


If a source you used was already posted by someone else, the autoMod will leave a message. Please remove your post if the autoMod is correct. If the post that matches your post is very old, we refer you to rule 5.


8. Misinformation is prohibited.


Misinformation / propaganda is strictly prohibited. Any comment or post containing or linking to misinformation will be removed. If you feel that your post has been removed in error, credible sources must be provided.


9. No link shorteners.


The auto mod will contact you if a link shortener is detected, please delete your post if they are right.


10. Don't copy entire article in your post body


For copyright reasons, you are not allowed to copy an entire article into your post body. This is an instance wide rule, that is strictly enforced in this community.

founded 2 years ago
MODERATORS
 

The world’s largest traditional entertainment companies face a reckoning in 2024 after losing more than $5 billion in the past year from the streaming services they built to compete with Netflix.

Disney, Warner Bros Discovery, Comcast and Paramount—US entertainment conglomerates that have been growing ever larger for decades—are facing pressure to shrink or sell legacy businesses, scale back production and slash costs following billions in losses from their digital platforms.

“TV advertising is falling far short, cord-cutting is continuing to accelerate, sports costs are going up and the movie business is not performing,” he said. “Everything is going wrong that can go wrong. The only thing [the companies] know how to do to survive is try to merge and cut costs.”

you are viewing a single comment's thread
view the rest of the comments
[–] rainerloeten@lemmy.world 5 points 1 year ago (3 children)

Can somebody "translate" or rephrase the headline for me? I kinda have troubles sometimes reading headlines in English, they just don't make any sense to me. When comparing German headlines (my native tongue), I guess the reason for that is heavy usage of ellipses(?)

[–] EmpathicVagrant@lemmy.world 28 points 1 year ago (2 children)

Netflix is the only one still making money, the other streaming companies are going to compensate by selling//merging instead of changing their pricing and business model to adapt to (lack of) demand for their overpriced nonsense.

[–] rainerloeten@lemmy.world 11 points 1 year ago (3 children)

Ohh, rivals is a noun here, I read it as a verb 😅 Thank you!

[–] hansl@lemmy.world 9 points 1 year ago

That’s called a garden path sentence, and I as an ESL love those.

Time flies like an arrow, fruit flies like a banana.

[–] AngryCommieKender@lemmy.world 3 points 1 year ago* (last edited 1 year ago)

Totally understandable. I'm fluent in English and had to read the headline a couple of times to realize that distinction to get it to make sense.

Capitalization of "rivals" could have helped with clarity, but I don't know how to tell the headline writer that

[–] Lesrid@lemm.ee 1 points 1 year ago

The titler could have used an apostrophe to show that the rivals belong to Netflix

[–] Socsa@sh.itjust.works 5 points 1 year ago* (last edited 1 year ago)

The irony is that they were actually making money licensing their content, and that consolidation also largely kept consumers happy, but then they got greedy. I really hope some white collars actually bleed for this, but I'm sure these idiots will just blame bad tech like usual.

[–] kogasa@programming.dev 3 points 1 year ago* (last edited 1 year ago)

Headlines in English have a distinctive grammar. It came from the need to fit a lot of content in the small space allotted to a newspaper headline, as I imagine is the case in other languages too. If you're curious,

https://englishlessonsbrighton.co.uk/8-grammar-rules-writing-newspaper-headlines/

[–] adriator@lemm.ee 1 points 1 year ago

Netflix competitors (Disney, Comcast, Paramount,...) lose over $5 bilion, and now some of them are thinking about merging into one huge corporation.