Is everything good on TV coming to an end? Media consolidation will be the culprit after a seismic departure at HBO GlobeArts
His departure comes in a context familiar in the Canadian industry – bluntly put, the phone company takes over the broadcaster. In this instance the shake-up at HBO is a result of AT&T’s acquisition of Time Warner, HBO’s parent company.
There are multiple worrisome aspects to the situation. All TV, from network to cable and streaming is being reconfigured as corporate takeovers begin to have impact and multiple giants set out to battle Netflix. Is this the end of everything good? Maybe. And here’s why.First, media consolidation usually means the death of freewheeling creativity and it’s clear that AT&T does not see HBO as the prestige, boutique and unique cable content company it has been.
Second, the inside shifts at HBO arrive just as the streaming wars are about to start. This time next year, there will be a lot more content available online, some of it in Canada. AT&T, like others, is gearing up to challenge Netflix for subscribers and is willing to spend a lot of money doing that. A mind-boggling amount of money is being spent acquiring creators, producers, directors and star actors. The worrisome aspect here is that the money is going to already-established talent.
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Michael Jackson Doc 'Leaving Neverland' Stuns ViewersThe documentary, which premiered Sunday on HBO, focuses on accounts from two of the singer’s accusers.
Read more »
Rival Watch: U.S. media praises Raptors, rips Celtics - Sportsnet.caWhile the Raptors are trending up, the Celtics are facing chemistry questions as they gear up for the stretch run. Here's what they're saying about both teams after last night's blowout:
Read more »
Gould says Liberals may have to require social-media companies to ‘act’ on hate speechThe minister made the remark after Liberal MP Nate Erskine-Smith raised comments that were directed at Prime Minister Justin Trudeau on a ‘Yellow Vest’ Facebook page
Read more »
Chinese state media: Detained Canadians stole state secretsChina's state news agency says two Canadians detained on suspicion of harming national security acted together to steal state secrets.
Read more »
TIFF’s latest exhibition connects cinematic history with social mediaTIFF's latest exhibition connects cinematic history with social media via nparts
Read more »