Movies
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Yea I watched it. He said some key words that he either doesn’t realize or is purposefully ignoring. “6 months later” and “the 90s”. Studios no longer let the movies in theater breathe or create a sense of FOMO because audiences know it will be available in a very short amount of time for probably cheaper or on a service they already use. Additionally, the 90s were a time of massive prosperity and peace. The movie-seeing public desired those kinds of movies. He’s also not stating that those movies still get made but not at the high budgets of $100m. The streaming services can make that movie for $50m or less and not have to spend that amount of marketing and get a higher cut of the profits.
There are multiple decisions that Hollywood made that has shot them in the foot for short term profits.
They wanted more and didn’t realize the domino effect of pulling movies from theaters early to put it on their platforms. Now there’s less ticket sales and the revenue from their own streaming services isn’t as easy to come by as they assumed. Economy of scale isn’t easy to create and especially at odds with creating your own service just for your niche of movies. I’ll lay some blame on the cinemas themselves for upcharging/upscaling food but that was also because the studios demanded a higher cut of ticket sales.
The in store rental service dried up because of cheap streaming online but also because blockbuster themselves got too greedy. Blu rays are region locked precisely to bilk more money from the disc crowd. There’s no successor to dvd ownership either because online ownership isn’t even real ownership. Hollywood wanted to kill sharing and reselling so they only give out licenses for those purchases. The same crowd that bought DVDs now have their own kids and there was nothing socially (at least in the US) to install that behavior in the younger generations.
Piracy has never been proven to remove sales and there are several cases that show it actually increases it. There have been multiple times in the past where studios have gone more conservative and created larger and larger “safe” productions. It always fails and inevitably some studios will go bankrupt or get sold off. I fear the consolidation we have now will result in serious ramifications when things eventually fall again.