Media Disruption

JPM wrote a paper on media disruption. Legacy broadcasting has fallen from 57% of viewing time to 42% since the beginning of 2023.

Younger generations are abandoning legacy TV.

The Netflix catalogue dominates the top 100 streaming titles.

Netflix is the one streaming platform that isn’t losing money.

And for the profitability, Netflix has been rewarded compared to other media companies.

Other digital video formats have overtaken legacy TV video consumption in the US.

Despite the success of Netflix, YouTube and Disney actually command more screen time.

Traditional media still dominates the majority of revenues but streaming is taking share.

The movie industry never recovered after covid.

AI is expected to drastically change content production and is making quick progress.

AI is expected to continue to allow smaller studios to take market share from larger, established ones.

The kids' show Bluey was the most streamed program in the first half of the year.