Digital_MediaTV & Media

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Author: Michael Goodman
Publication Date: Dec 16 2022
Pages: 6
Report Type: Insight, Word
TV & Media

Tis the Season for Media Company Layoffs

Report Summary:

The holidays are supposed to be a time of good cheer, unless you work at a media company. Both old media and new media companies are feeling the strain of multi-billion-dollar investments in streaming content that are far exceeding desired profit margins, if making any profit at all. As a result, media companies are halting production of movies, cancelling series, freezing new hires, enhancing scrutiny on travel and entertainment expenses, and laying-off employees. This Insight explores the underlying reasons for these cutbacks.

Table of Contents

  1. Declining Ad Revenue
  2. Cord Cutting is Affecting Affiliate Revenue
  3.  Content Acquisition Cost are Going Up, Way Up
  4. Conclusion

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