Former DreamWorks CEO Jeffrey Katzenberg has raised $2 billion pre-launch for his new startup, Quibi, which will focus on short, 10-minute videos. The success of streaming services like Netflix has made this a good time to start a production studio like Quibi.
The talk discusses the threat of gatekeeping from media companies that aim to control access to emerging competitors and prevent effective competition. The government regulations also make it harder to win against slow, big, un-innovative monopolies.
Fragmented streaming services may lead to an increase in piracy, as consumers find it more convenient to pirate shows rather than paying for multiple subscriptions. The movie industry should prioritize the convenience of the consumer and offer fair prices in order to decrease piracy.
Investing in training for digital animation, sound lighting, editing, and other digital media production roles could help provide a growing job market with the necessary skills businesses are looking for, as huge companies like Prime Video and Netflix invest more in regional, exclusive content for their platforms worth billions in revenue.
The diminishing returns of Netflix are hitting hard as their monitored regime leads to employee unrest, with the company's excessive returns on the verge of getting competed away due to their lack of innovation, which hasn't secured a lock-in value.
The rise of streaming platforms has changed the way content creators and networks approach audience engagement.