Channels with Peter Kafka That’s a wrap (for now)
Dec 7, 2023
Peter Kafka and Lucas Shaw review the year in media, covering topics such as the impact of the strike, media consolidation, Amazon and Apple acquiring sports broadcasting rights, the decline of movie-going, Hollywood's response to TikTok, and their favorite media consumed this year.
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Contracts Modernized For Streaming Era
- The new deals modernized contracts with streaming residuals, minimum staffing, and bonuses for hits.
- Protections around AI and adjusted residual formulas reflect a shift to streaming-era compensation.
How Studios Can Fix Streaming
- Studios must spend smarter, charge more, or merge to make streaming profitable.
- Expect more judicious greenlighting and budget choices rather than dramatic output cuts.
Disney's Advantage In Streaming
- Disney appears best positioned due to scale, bundling Disney+ with Hulu, and sports assets.
- Smaller streamers face harder choices despite support from parent companies like Apple and Amazon.