“Streaming” Life as We Know It

So lately, when I get the chance to go home, by dad has been bringing me these Magazines called “Bloomberg Businessweek”. Last week He gave me a whole stack that he has been saving at his work and thought I would enjoy reading some of them. Well, recently I have finally had some time on my hands to open them up and see what they are all about. So today I am going to write my blog on one of the articles that i found interesting that was published in August of 2019.

The particular Article that I came across is titled, “All Over But The Streaming”. This article mainly talks about how everyone is now streaming live TV, past season shows, movies and more. But what I found interesting is the amount of companies that are actually getting into this business. More and more companies are spending loads on streaming services and are eager to compete with the leading streaming programs like Netflix, Amazon Prime, Disney Plus, HBO, and Hulu. In order for these big companies to stay on top of the game they too also have to spend loads of money. Did you know that Disney plans on spending 1 billion dollars on their streaming service (Disney plus) and don’t plan on seeing a profit until 2024? That is a huge business deal; and on top of that they paid 5.8 billion dollars for Comcast to take over Hulu. Another big business deal was made by Amazon where they spent 250 million dollars for the rights to a TV show based off of the Lord of The Rings. They made this deal before a single script was even created.Before we know it Actual TV and Cable will not even exist. Whatever happened to the old ways, where there were less than 100 channels. Or the days when there was something important going on in the word it was almost on every channel.

I really found all this interesting and thought I would share it with you. I always knew streaming was going to big, ever since Netflix kicked Blockbuster out of business but I never knew it would ever go this far. Not only that but when does all this nonsense stop? I guess only time will tell.

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