Netflix is spending $9 BILLION (with a B) on original content next year. This is more than all the other Hollywood studios combined. A movie service that lets you watch one movie a day in theatres, MoviePass, just dropped their price from $50 a month to $10 a month, same price as Netflix. To compete with them. An unheard of price for the movie theatre experience. It reeks of desperation to try and scale to me.
I think theatres are about done, and will be about as popular as musicals and plays in the next 10 years. Streaming will take over and customized content and videogames (even more) will be the wave of the future. I kinda hope to lead that revolution with my Cinematic AI when it’s finished (God it’s complicated and hard to design and code, but it’s coming along nicely).
Anyway, Netflix is the 800 lb. gorilla in the room. Only Disney could take them on directly. Netflix has a market cap of $77B and DIS a market cap of $160B. Viacom is at about $12B. Universal at $1B. These are like baby companies next to Netflix. They are the juggernaut, and if they keep pouring money into content creation they are going to dwarf CBS, NBC, all the TV studios, all the movie studios combined. There are only two companies with enough capitalization to take either DIS or Netflix: Comcast and Amazon. Amazon has a better chance, I think Comcast is a dinosaur.
The only real competitor left is Hulu, which is a joint venture for a lot of companies with existing content. But it doesn’t create it’s own (or it’s not well known).
So it comes down to Netflix and whomever wants to compete with them. This is going to be an exciting time for entertainment in the next 10 years.