FT: ‘Shakeout has begun’ after $5bn streaming loss for Netflix rivals
The Great Rebundling is coming.
Disney, Warner Bros Discovery, Comcast & Paramount
face a reckoning in 2024 after losing more than $5bn in the past year from the streaming services they built
&
pressure to shrink or sell legacy businesses, scale back production and slash costs following billions in losses
&
a weak advertising market, declining television revenues and higher production costs
Netflix turned a profit and keeps chugging. Sometimes patience is the best strategy. (1st mover advantage never hurts)
Jon Loomer: Are Blogs Making a Comeback?
Social devalues links in favor of videos. Search engines are devolving into AI-powered answer engines. Email open rates are falling.
Channels are composting. While blogs may not be the traffic machines they used to be, they are still a home base you own and can distribute/syndicate your content from.
“The story of Ender’s Game is not this book, though it has that title emblazoned on it. The story is the one that you and I will construct together in your memory. If the story means anything to you at all, then when you remember it afterward, think of it, not as something I created, but rather as something that we made together.” | Orson Scott Card
Stories are made together indeed.
Andrew Rosener on LLMs & AI:
these things aren’t creating new ideas, they are really good at finding solutions from existing ideas.
And putting those things together in creative ways. And lots of different useful stuff.
But if we were to just get lazy as the human species and say “oh, AI is here, we’re done,” we just stagnate. Because these things aren’t creating that next frontier, they’re only remixing a static lexicon of art.