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For the past few years, the big TV networks made easy money selling their reruns to Netflix.
Now they're having second thoughts.
So are they ready to pull back on sales to Netflix and other digital services in the hopes of keeping their core business intact?
Investors will be looking for an answer to that question this week and next, as most of the big entertainment companies report their Q3 earnings and take questions from analysts. But several key TV executives have already signaled that they're going to stop selling their best stuff to digital services — particularly Netflix.
Binge-viewing has been established as the new method to consume content--that is the genie they need to stuff back in the bottle.
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Can the TV Guys Put the Netflix Genie Back in the Bottle?
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Sin has many tools, but a lie is the handle which fits them all.
(Score: 5, Insightful) by TrumpetPower! on Thursday November 05 2015, @01:13AM
Information wants to be free.
Information wants to be expensive.
The MAFIAA is dependent on the latter and horrified at the reality of the former.
So much has been invested already in entertainment that many people don't care about the latter -- and why should they?
There's a way out of the paradox. It's not one that those in power even pretend to take seriously, but there will soon be few other options.
We've already automated out of existence a significant fraction of the work that needs to be done, and it's a matter of decades at most before we've automated out of existence the majority of jobs left...at which point basically nothing in the way the economy is currently structured even pretends to make sense.
...but, with a basic income for everybody, the personal need to work vanishes. Many would choose to do little more than binge-watch TV all day long without paying for it...but so what? It's not like we actually need them to put in an honest day's work in order to get the crops harvested or manufacture goods.
And that simultaneously frees up many to be creative -- to make new TV shows or music or whatever, and to give it away for free without having to worry about whether or not they'll earn enough from it to pay the rent.
If you measure your self-worth by how many faces you're stomping all over, this is the worst imaginable future. But for the 99% of the rest of humanity, it's pretty near heaven on Earth.
So, that's the choice we're facing. Either we can keep along with business as usual for the benefit of the 1% while the robots do all the work and nearly everybody fights over table scraps, or we can let the robots do all the work and everybody can join the party.
But, for the 1%...all y'all better think twice about how much success you're going to have protecting yourselves from the rest when "your" robots have put the 99% out of work....
Cheers,
b&
All but God can prove this sentence true.
(Score: 5, Insightful) by K_benzoate on Thursday November 05 2015, @03:32AM
a basic income for everybody
The only problem is that there is a faction of people in just about every country who would rather see the entire Earth burn to cinders in nuclear fire than see such a future come to pass. They would literally rather bring about Armageddon than suffer such moral and ethical catastrophe to come to pass. In their world view, working is how you legitimize your existence. If you don't work, you literally don't have a right to exist. This only applies to the peasants, of course. There's a class of betters which are naturally exempt from this. They're simply better. If they can't be on top, the entire system is better off not existing at all. And don't discount these people as a fringe minority. They are wealthy (by definition), and they have convinced many ordinary people to die with them should their power and wealth be threatened or even marginally reduced--this is the phenomenon of working class Americans enthusiastically backing Republicans who hate them.
There are people who would rather die than lose as long as everyone else dies too.
Climate change is real and primarily caused by human activity.
(Score: 2) by Gravis on Friday November 06 2015, @12:19AM
a basic income for everybody
The only problem is that there is a faction of people in just about every country who would rather see the entire Earth burn to cinders in nuclear fire than see such a future come to pass.
so, i see you've met TheMightyBuzzard. ;)