Streaming used to make stuff networks wouldn't. Now it's seeking safer bets.
Briefly

Streaming services, once distinct for their original content, are now pivoting towards cable-like models, emphasizing live events and mainstream shows due to profitability pressures. The golden age of unique storytelling is waning, with companies cutting back on diverse programming to cater to broader audiences. While content budgets may witness a slight increase, the focus has shifted from innovative creations to more traditional popular offerings. This trend raises concerns over the potential loss of niche, culturally diverse content that characterized the early streaming landscape.
Streaming services, facing profitability struggles, are reverting to cable-like strategies, focusing more on mainstream content and live events rather than unique original programming.
The shift towards traditional programming may hinder the diversity of shows available to subscribers, as streaming companies prioritize mainstream interests and profitability.
While budgets for streaming content are set to increase slightly, the focus has shifted from creative originality to leveraging popular and live events for subscriber retention.
As streaming gets more like cable, audiences may experience a loss in innovative storytelling, missing out on niche productions that were the hallmark of early streaming.
Read at Ars Technica
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