There's a lot of new competition in Disney+, Discovery+, Paramount+, and Peacock. Why now?
> 71% of TV households nationwide have some form of pay-TV service. The percentage of TV households that have a live pay-TV service (via cable, satellite, Telco, or Internet-delivered vMVPD) is down from 82% in 2016, 87% in 2011, and 86% in 2006.
Combined with the decline of movie theaters, it's an existential crisis for everyone in the media world. Can they replace lost cable/theater revenues with streaming subscriptions?
I expect we'll end up with a 2 or 3 major media companies and a couple small premium services bolted onto unrelated products like Prime and Apple TV. Netflix has some short term headwinds with this new competition but is the only company that's a shoe-in for making it.
> 71% of TV households nationwide have some form of pay-TV service. The percentage of TV households that have a live pay-TV service (via cable, satellite, Telco, or Internet-delivered vMVPD) is down from 82% in 2016, 87% in 2011, and 86% in 2006.
http://www.satellitemarkets.com/71-percent-us-households-hav...
A second source that classifies vMVPD differently: https://www.emarketer.com/chart/239301/us-pay-tv-vs-non-pay-...
Combined with the decline of movie theaters, it's an existential crisis for everyone in the media world. Can they replace lost cable/theater revenues with streaming subscriptions?
I expect we'll end up with a 2 or 3 major media companies and a couple small premium services bolted onto unrelated products like Prime and Apple TV. Netflix has some short term headwinds with this new competition but is the only company that's a shoe-in for making it.