26 Oct Jason Kilar: Streaming Isn’t Broken, But Hollywood Media Company Streaming Strategies Sure Are [Next TV]
BY DANIEL FRANKEL
October 26, 2023 | In the 18 months since he was ousted from running the erstwhile WarnerMedia amid the media company’s merger with Discovery, Jason Kilar has been branded by the new Warner Bros. Discovery management regime as a streaming spendthrift who unwisely forsook still-vital linear platforms to unwisely chase a rabbit known as Netflix.
But in an 1,800-word guest essay published Thursday in the Penske showbiz trades, the former Hulu and WarnerMedia CEO turned media-biz dissonant attempted to set the TMT industry straight on what he feels are a number of misconceptions.
For one, “contrary to what many have stated, streaming is neither a bad business nor is it a broken business model,” Kilar wrote. “While streaming is not broken, a number of entertainment and sports companies’ streaming strategies may be.”
Secondly, “only one company from across the industry — Netflix — is generating material cash flow from streaming,’ he noted.
Read more on Next TV.