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I've seen this one before: Streaming's convenience isn't necessarily cheaper

I've seen this one before: Streaming's convenience isn't necessarily cheaper

7/29/23 7:00PM

I’ve seen this one before

Consumers are also falling out of love with an increasingly crowded streaming market. Not too long ago, the streaming landscape was simple and cost-effective. Amazon Prime came with its speedy delivery bonus, Netflix had a lot of what you wanted to watch, and Disney+ offered good value at $6.99 — less than the cost of a tub of popcorn at most movie theaters.

But the market has become fragmented. Companies have retreated behind their content walls — sharing nothing with other distributors. With prices on the rise and the introduction of advertising to try and re-invigorate growth, streaming services are starting to resemble the traditional cable industry that they once disrupted.

The golden age of all-you-can-eat entertainment for less than $20 a month is dead, and it has been for a while. And, with the strike action showing no signs of slowing down, content is unlikely to come any cheaper in future if writers, actors and producers get what they believe is their fair share of your monthly subscription. Netflix’s crackdown on password sharing, and its introduction of an ad-tier, are the early signs of things to come, as the industry matures and content deals get renegotiated.

Bundle, unbundle, rebundle

Indeed, it’s not hard to imagine a world in which the joke goes full circle — with some hot new company negotiating deals with everyone and offering bundled access to all of your favorite streaming services for, let's say $50-100 a month. They might even offer live content that you have to tune in for at a specific time, to create a sense of community with other viewers. In sport, that’s already happening, with Amazon, Apple and others picking up deals to stream live games.

As a whole, the entertainment industry is at a crossroads, and not just in TV and film — the music industry is at a similar juncture. Who really holds the keys to the kingdom? It used to be the cable companies and radio stations — the distributors. The internet changed that. Now, with the problem of distribution somewhat “solved” the tides seem to be shifting, gently, towards the actual artists, makers and actors. But, when billions are at stake, transitions of power are rarely orderly.

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Webtoon surges after Disney plans to invest and partner in digital push for brands like Marvel and “Star Wars”

Webtoon Entertainment shares jumped 36% in premarket trading Tuesday after Disney said it’s buying a 2% stake in the digital comics platform. The investment is part of a deal to bring Marvel, “Star Wars,” Pixar, and 20th Century Studios titles into a new streaming-style app run by Webtoon. The offering will launch in Q4 across the US and nine other countries.

“With a new platform that will combine our product and technical expertise with Disney’s full comic catalog, we’re giving new and longtime fans all over the world a new way to discover these legendary characters and stories,” said Junkoo Kim, founder and CEO of Webtoon Entertainment.

The platform is expected to host more than 35,000 titles, mixing archived comics with Webtoon originals. Disney+ perks could also be on the table, giving the service a natural tie-in to Disney’s broader streaming play.

The arrangement isn’t final yet: Disney’s stake and the platform details are still under negotiation. But with Webtoon’s ~155 million monthly active users, the partnership gives Disney a mobile-friendly channel for its comics while Webtoon gains the ultimate IP access.

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Amazon is testing adding GM electric vans to its EV delivery fleet dominated by Rivian

Rivian may have some competition in its electric delivery van division: Bloomberg reports that Amazon is testing a small number of GM’s BrightDrop vans for its fleet.

According to Amazon, the test currently only includes a dozen of the vehicles. Amazon’s fleet also contains EVs from Ford, Stellantis, and Mercedes-Benz.

GM debuted BrightDrop in 2021, but the vehicles have struggled to sell and piled up on GM lots due to high prices and steep competition. GM began offering up to 40% rebates on the vehicles this year.

The test comes as Rivian struggles through tariffs and the end of EV tax credits. Earlier this year, it lowered its annual delivery outlook by about 13%. As of June, Amazon said it has more than 25,000 Rivian vans across the US. Earlier this week, Rivian CEO RJ Scaringe said the company is still on track to deliver 100,000 vans to Amazon by 2030 and is “thinking about what comes beyond” that initial target.

GM has sold 1,592 BrightDrop vans through the first half of the year, more than the full-year total it sold in 2024.

GM debuted BrightDrop in 2021, but the vehicles have struggled to sell and piled up on GM lots due to high prices and steep competition. GM began offering up to 40% rebates on the vehicles this year.

The test comes as Rivian struggles through tariffs and the end of EV tax credits. Earlier this year, it lowered its annual delivery outlook by about 13%. As of June, Amazon said it has more than 25,000 Rivian vans across the US. Earlier this week, Rivian CEO RJ Scaringe said the company is still on track to deliver 100,000 vans to Amazon by 2030 and is “thinking about what comes beyond” that initial target.

GM has sold 1,592 BrightDrop vans through the first half of the year, more than the full-year total it sold in 2024.

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