{"id":8993,"date":"2022-09-30T17:22:54","date_gmt":"2022-09-30T17:22:54","guid":{"rendered":"http:\/\/lonecandle.com\/?p=8993"},"modified":"2022-09-30T17:22:54","modified_gmt":"2022-09-30T17:22:54","slug":"house-of-the-dragon-is-coming-to-hbo-so-is-the-netflix-chill","status":"publish","type":"post","link":"https:\/\/lonecandle.com\/?p=8993","title":{"rendered":"House of the Dragon is coming to HBO. So is the Netflix Chill."},"content":{"rendered":"\n

\n\n“The main idea behind AT&T\u2019s acquisition of what was then-called Warner Media \u2014 first announced in 2016<\/a> but not finished until 2018<\/a> \u2014 was that the phone company could turn HBO into its own Netflix and that Wall Street would reward AT&T for owning its own Netflix. So in 2021, when it became clear that investors didn\u2019t care about AT&T\u2019s media foray, the company flipped a switch and dumped its entertainment assets to Discovery<\/a>, the cable TV programmer best known for reality shows like 90 Day Fianc<\/em>\u00e9.
 But now Discovery has multiple problems. For starters, it has $53 billion in debt, much of it taken on with the Warner deal. Which means instead of spending aggressively to take on Netflix and Disney, it has to look under couch cushions for change, and David Zaslav, the CEO of the newly combined company, has promised Wall Street he\u2019ll find $3 billion in cost savings … somewhere.
But the bigger problem is one that everyone in streaming \u2014 including Netflix \u2014 is grappling with now: Wall Street no longer likes Netflix. Netflix\u2019s stock, which got as high as $700 last fall, is now down 50 percent because Netflix\u2019s 10-year record rocketship growth appears over: During the first six months of this year, it actually lost<\/em> subscribers<\/a>. So now Wall Street, which had encouraged media companies to adopt Netflix\u2019s growth-first, profits-maybe-later strategy, wants them to change course. (One important exemption from this: Amazon and Apple, which are tech companies dabbling in media, so they can basically spend whatever they want on programming: See Amazon\u2019s Rings Of Power<\/em> \u2014 a gazillion-dollar Lord of the Rings<\/em> prequel<\/a> that is very much supposed to be Amazon\u2019s Game of Thrones<\/em>. Not coincidentally, it will debut a couple weeks after House of the Dragon<\/em>.)”  <\/p>\n\n\n\n

…
“Discovery plans to merge its streaming service with HBO Max sometime next year. Which means that at some point you\u2019ll have the ability to subscribe to something that includes both House of the Dragon<\/em> and Dr. Pimple Popper<\/em><\/a>, a Discovery reality show that\u2019s just what you think it\u2019s about. You can turn up your nose at that pairing \u2014 or you can acknowledge that it\u2019s a lot like TV used to be, when in order to subscribe to HBO, you also had to get a package of cable channels that were nothing like HBO. Streaming\u2019s not going anywhere, but the cable TV model is going to stick around for a while longer, too.”
https:\/\/www.vox.com\/recode\/2022\/8\/17\/23308864\/hbo-house-of-dragon-streaming-discovery-peter-kafka-column<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

“The main idea behind AT&T\u2019s acquisition of what was then-called Warner Media \u2014 first announced in 2016 but not finished until 2018 \u2014 was that the phone company could turn HBO into its own Netflix and that Wall Street would reward AT&T for owning its own Netflix. So in 2021, when it became clear that investors didn\u2019t care about AT&T\u2019s media foray, the company flipped a switch and dumped its entertainment assets to Discovery, the cable TV programmer best known for reality shows like 90 Day Fianc\u00e9.<\/p>\n

But now Discovery has multiple problems. For starters, it has $53 billion in debt, much of it taken on with the Warner deal. Which means instead of spending aggressively to take on Netflix and Disney, it has to look under couch cushions for change, and David Zaslav, the CEO of the newly combined company, has promised Wall Street he\u2019ll find $3 billion in cost savings … somewhere.<\/p>\n

But the bigger problem is one that everyone in streaming \u2014 including Netflix \u2014 is grappling with now: Wall Street no longer likes Netflix. Netflix\u2019s stock, which got as high as $700 last fall, is now down 50 percent because Netflix\u2019s 10-year record rocketship growth appears over: During the first six months of this year, it actually lost subscribers. So now Wall Street, which had encouraged media companies to adopt Netflix\u2019s growth-first, profits-maybe-later strategy, wants them to change course. (One important exemption from this: Amazon and Apple, which are tech companies dabbling in media, so they can basically spend whatever they want on programming: See Amazon\u2019s Rings Of Power \u2014 a gazillion-dollar Lord of the Rings prequel that is very much supposed to be Amazon\u2019s Game of Thrones. Not coincidentally, it will debut a couple weeks after House of the Dragon.)” <\/p>\n

…<\/p>\n

“Discovery plans to merge its streaming service with HBO Max sometime next year. Which means that at some point you\u2019ll have the ability to subscribe to something that includes both House of the Dragon and Dr. Pimple Popper, a Discovery reality show that\u2019s just what you think it\u2019s about. You can turn up your nose at that pairing \u2014 or you can acknowledge that it\u2019s a lot like TV used to be, when in order to subscribe to HBO, you also had to get a package of cable channels that were nothing like HBO. Streaming\u2019s not going anywhere, but the cable TV model is going to stick around for a while longer, too.”<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[13],"tags":[798,217,165],"class_list":["post-8993","post","type-post","status-publish","format-standard","hentry","category-article-share","tag-business","tag-economics","tag-economy"],"_links":{"self":[{"href":"https:\/\/lonecandle.com\/index.php?rest_route=\/wp\/v2\/posts\/8993","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/lonecandle.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/lonecandle.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/lonecandle.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/lonecandle.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=8993"}],"version-history":[{"count":1,"href":"https:\/\/lonecandle.com\/index.php?rest_route=\/wp\/v2\/posts\/8993\/revisions"}],"predecessor-version":[{"id":8994,"href":"https:\/\/lonecandle.com\/index.php?rest_route=\/wp\/v2\/posts\/8993\/revisions\/8994"}],"wp:attachment":[{"href":"https:\/\/lonecandle.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=8993"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/lonecandle.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=8993"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/lonecandle.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=8993"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}