Netflix, Disney, Walmart!? What's going on in the world of streaming?
Two reports released this week, one from Britain and a second from America, show just how much streaming services have disrupted broadcast TV. The first, from Britain's Office of Communications shows how viewing time of traditional broadcast TV has dropped off a cliff, especially amongst young people. The second, from Nielsen, found that in July Americans spent more time watching streaming services than cable TV - the first time this has ever happened.
But the whole industry is in a state of flux. Disney has just leapfrogged Netflix adding more subscribers while the OG steamer lost more than a million. There’s also been some famous failures: CNN+ and Quibi to name two. But, undeterred, Walmart of all places is looking to start their own streaming service. Heh?
Today Alec and Sascha discuss what's the current state of play in the streaming wars?
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