The long-promised streaming revolution — the next great leap in how the world gets its entertainment — is finally here. Streaming services, of course, have been challenging the Hollywood status quo for years. Netflix began streaming movies and television shows in 2007 and has grown into a giant, spending $12 billion on programming this year to entertain 166 million subscribers worldwide. Charging into the streaming fray would mean putting billions of dollars in profit from existing cable networks like USA, Disney Channel and TBS at risk. Building video platforms of the size needed to compete with Netflix and Amazon would be frightfully expensive.

Source: New York Times November 18, 2019 09:56 UTC