A recent article in Bloomberg Business noted that TV is fundamentally changing. According to the article:
“In 2019 the rate of Americans quitting cable went from steady slide to avalanche. TV ratings continued to tumble. The three biggest U.S. entertainment titans made the jump into original streaming video, as did Apple Inc. It’s time to really, truly declare that streaming won. Winning, though, has never looked this bad…..No major subscription provider generates reliable profits from streaming video….. For now this streaming red ink doesn’t matter.”
This very interesting analysis can be found in Bloomberg Businessweek by clicking HERE.
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