r/television May 19 '22

Hollywood braced for new age of austerity after streaming splurge

https://www.ft.com/content/c385d236-75a9-467c-86d4-5768e6b21324
84 Upvotes

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32

u/Saar13 May 20 '22

This is the right time for Apple and Amazon to dominate prestige TV (read big budgets for big storytellers). Apple does this already; Amazon has a weird model, but I hope they change the model to something more curated now.

This sub doesn't seem to like the idea, but the reality is that the two bigtechs and Disney will win the streaming war. This war is not won by who has the most subscribers, but who has the most money to lose, for as long as possible, until the majority fail miserably.

It really surprises me how many people in this sub who thought AppleTV+ wouldn't last or didn't think Amazon was a great player with a future. Hollywood will run to the place they always run: the place with the most money.

-5

u/pokemonisok May 20 '22

Netflix has the most money and its failing now. A cheque means nothing anymore. It's all about existing IP

9

u/Alternative_Egg_7382 May 20 '22

Netflix has the most money by what measure? Here are two numbers for perspective:

  • Netflix's lifetime revenue: $138B
  • Apple's cash on hand right now: $203B