"After starting 2024 with hopes that the transition to streaming might finally produce a more stable, profitable businesses, the media and entertainment industry ended the year with a painful reality check. Major media companies laid off employees, restructured operations and prepped for a wave of mergers and acquisitions that are likely to produce even more trauma and turmoil in the next two years.Whether all this is the final spasm of a dying traditional TV industry or the birth pains of a new M&E industry restructured around streaming is open to question.
But there is little doubt that the ongoing transition from the traditional TV business to streaming drove recent decisions by Comcast and Warner Bros. Discovery to spin off or split their dying cable networks from their rapidly growing streaming operations. Both companies hope the new structures will position them to sell off assets or craft mega-mergers to make themselves larger, more competitive players in a streaming media-dominated landscape.And they aren’t alone. Other deals potentially tipped for 2025 involve the sale of Rupert Murdoch’s Fox Corp., streaming platform Roku, various TV station groups, ad agencies and a variety of other assets in the declining cable network sector."
Shared from -> https://www.tvtechnology.com/features/2024-in-review-streaming-into-deals-and-turmoil?
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