Part 4/9:
The streaming revolution, once heralded as the future of entertainment, has turned into a colossal failure. Numerous streaming giants invested billions into acquiring and producing content, expecting it to be a sustainable business model. Instead, they faced catastrophic financial losses—hundreds of millions, if not billions, of dollars—without achieving the promised subscriber growth or advertising revenues.
Most successful shows now are those with established audiences—franchises, fan favorites, or reruns—rather than new productions. The failure to produce fresh, popular content has made it clear that the current model isn't financially viable. As a result, studios are retreating from risky investments, slashing budgets, and reducing the number of pilots and projects they finance.