Streaming services like Netflix, Inc. (NASDAQ:NFLX) and Amazon.com, Inc. (NASDAQ:AMZN) are slowly making Comcast Corporation (NASDAQ:CMCSA) which has a monopoly over cable television, irrelevant. It is not only the platform where the edge of these companies lies, but also the quality content that they have recently been investing in. Film and TV producer, Chris Moore, explained on Bloomberg where the future of television is headed.
Moore explained that there is so much white noise now with all the content companies like Netflix, Inc. (NASDAQ:NFLX), Amazon.com, Inc. (NASDAQ:AMZN) and Comcast Corporation (NASDAQ:CMCSA), that people cannot afford to have loyalty to a particular broadcasting or streaming service, and not even the actors in this case. Instead, he believes, that directors, producers and writers will determine what people see in the future.
“[…] I think what people should really learn about is who the directors and writers are of the programs that they love and that those people should become more and more famous, so that there are markets where people can follow them and say if you like this movie, this movie and this movie then they are all directed by the same person […],” explained Moore.
Both Netflix, Inc. (NASDAQ:NFLX) and Amazon.com, Inc. (NASDAQ:AMZN) have been investing in new and fresh content, addressing issues which are anything but typical. The same cannot be said about channels on the cable television which will result in dwindling revenues for Comcast Corporation (NASDAQ:CMCSA) in future.
Entertainment business relies a lot on trust of the consumers. Netflix, Inc. (NASDAQ:NFLX) and Amazon.com, Inc. (NASDAQ:AMZN) are gaining on this fast, at the expense of Comcast Corporation (NASDAQ:CMCSA).
“[…] We are one of the only businesses where when we sell you one of our products, whether it is a movie, or a television show, we actually got to convince you to buy it before you watch it. What is the last consumer product that you bought that you did not go touch it, or learn about it, or know what it was before you paid for it […],” said Moore.
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