Pity the journalists trained in traditional TV, who, after the COVID pandemic, have to face a Viral Media landscape that has changed the ballgame, the playing field, and the rules.
The general press tends to look into the writers’ rooms instead of the C-suites to understand the “Big Changes [that] Are Coming to Hollywood” (as reported by the Wall Street Journal). C-suite execs were caught by surprise by the challenges posed by streaming platforms. People with common sense and those in the E-suites (trade Editorial) knew otherwise, and had been pointing out streaming’s pitfalls for years.
If you wonder why the building of large projects tends to go over budget, over time, and over expectations, a new book is attempting to explain it. Separately, I’ll attempt to explain why SVoD as intended today is a losing proposition compared to the introduction of other capital-intensive utilities like electricity and telephony.