The Future of Streaming (According to the Moguls Figuring It Out) [New York Times]

The Future of Streaming (According to the Moguls Figuring It Out) [New York Times]

BY JAMES B. STEWART AND BENJAMIN MULLIN

June 22, 2024 | When the media titans Brian Roberts, John Malone and Barry Diller cast off in early February on Mr. Diller’s 156-foot, two-masted yacht, named Arriva, the waters off the coast of Jupiter, Fla., were placid.

The same could not be said for their sprawling entertainment businesses.

The three men meet occasionally to discuss the state of the industry, and lively disagreements have a been a staple of their discussions. But by the time they met on the yacht, they had all agreed that the money-losing status quo in the streaming business was unsustainable. The old cable model was a melting ice cube.

But what will take its place?

“There was peace in the valley for a period of time,” Mr. Malone mused in a rare recent interview, recalling the days before video-streaming upended the lucrative cable business. “Now, it’s quite chaotic.”

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