Streaming Platforms: The biggest winners

July 15, 2020    studies    Comment   

All the misfortunes of the film industry and indeed the global economy as a whole did not deny its benefits from the global capitalism, so the losses of production and distribution companies became gains of streaming platforms. With the closing of public spaces and the prevention of mass gatherings around the world, the role of home entertainment has increased, and experts expect that the profits of streaming sector will increase this year to reach $ 25.9 billion.

Newer streaming platforms such as “HBO Max”, “Disney +”, and “Apple TV” did not take into account these quick and extreme box office developments which of course will benefit them. So far, none of the studios has announced the cancellation of their cinematic shows and the trend for streaming display, but with the continuation of the emergency imposed by the spread of the virus, the losses will of course increase, which will push these companies to streaming services to try to control the situation.

The growing demand for home platforms has already attracted the attention of investors in the financial markets, which has already led to a rise in the share prices of the majority of the companies, especially the big three, “Netflix”, “Amazon” and “Hulu”, as local platforms in China have witnessed an increase in the financial value, “Tencent” increased by 1%, “iQiyi” by 2%, and “Bilibili” by 12%.

But at the same time that these companies witness an unexpected boom, they face the same crisis regarding the production of new content, as Netflix announced the suspension of all its projects in the production stage in response to the emergency declared by the American President a few days ago, which is what Similarly applies to all networks indefinitely.