PARA (Paramount Global) earnings continue our journey of why streamers should offload linear tv into 1 entity... 

PARA took a $5.98B impairment charge on its offering - but hey at least their streaming division took $26M profit home ¯\_༼ ಥ ‿ ಥ ༽_/¯

Makes my happenstance conversation with a Paramount exec even stranger - old ways dragging down the dinosaur that refuse to look up. 

DIS, PARA & WBD will likely continue to struggle for the next few years, while Netflix consolidates (especially with a harder lean into gaming). I'd imagine we see one more big merger before the dust settles. Still wild to think 20 years ago these were all untouchable giants. 

Now extrapolating this out, it isn't just streamers that have to tighten their belts, but the talent agents, lawyers, accountants and even restaurants where they all sit at for luncheons. It is going to be a rough few years for LA too, not just the creatives, neither of which deserve to suffer because of the hubris of a few execs

More separation of cable from streaming, this time Comcast’s turn. 

First legacy becomes only streaming  Second further consolidation of both 
Third PBS & NPR lose funding 
Fourth this clears way for new entrants with new ideas around film and media 
Then the cycle repeats

More separation of cable from streaming, this time Comcast’s turn. 

First legacy becomes only streaming  Second further consolidation of both 
Third PBS & NPR lose funding 
Fourth this clears way for new entrants with new ideas around film and media 
Then the cycle repeats 

https://www.wsj.com/business/media/comcast-greenlights-7-billion-spinoff-of-nbcuniversal-cable-channels-cc5c6dc5?reflink=mobilewebshare_permalink