Peacock (NBC) has lost almost 3.5 billion since the beginning of 2023
(media.scored.co)
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How is it possible for the streaming service to lose this much money?
It feels like some sort of accounting game where they are recharging lots of money for "rights to stream" legacy shows to the streaming service business unit. Thus all of NBC losses can be concentrated into one place?
I don't know this seems fishy as hell.
But fuck NBC, Comcast, Disney, etc.
Everyone wanted to get in on Netflix marketshare. It would be hard to get subscribers to pay for the stuff they were already getting on cable so studios spent billions on shitty streaming-only shows and movies trying to convince people it was worth spending $15/mo to subscribe to their shitty service. People figured out quickly that paying 20 shitty companies just to watch shitty shows was more expensive than they were paying for shitty cable. Cancel rates on these services has been huge, so the sunk costs of the streaming shows aren't being recouped.
Streaming in Australia outside of Netflix only survives because of live sports. Quite literally. Which is why Disney+ and such have been even more of a failure over here, when competing with local services (Stan, Kayo, etc)…
I can’t imagine how these services stand to make any money at all over there, without that element…
Financial fuckery at play.
Like the Rings of Power costing an estimated one freaking billion dollars, for what is written and executed like a Dragon Age fanfiction from a College art project.
That’s what legacy media is though, Amazon is just another comcast/GE/NBC or Disney/ espn/ abc/Hulu. Netflix is propped up by Black Rock and Soros. From top down it is financial fuckery to push an agenda.
Not sure how effective the agenda is when all it’s doing is pushing more and more people to hate anything the offending company produces.
They got used to the cattle acting like castle, and forgot most people just REFUSE to think under normal circumstances. They're fully capable of catching on to things when they don't benefit from it.
That jist gave me a thought. Is there a sweet baby inc for tv shows and movies? Maybe that billion went to the woke consulting firm that also doubles as money laundering.
Breitbart archive: https://archive.ph/0942g
Variety archive: https://archive.ph/EQG6B
ESG/DEI is clearly a loss leader for Hollywood/legacy media, we know they won’t course correct, and we know our tax dollars will be used to keep legacy media bailed out in the near future.
NBC bought Australian TV Network 10 a few years ago and thought they could just program the same shows they have in the USA. It has been a dismal failure for them. They basically now just churn out inane reality shows. And are often beaten in the ratings by the public broadcaster.
Yeah, 10 is effectively dead and buried at this point, lol…
Though it is kind of funny how many “prominent” ABC journos still end up at 10, despite them hemorrhaging cash, which tells you just how bad things must be at the “National Broadcaster” right now…
For non-Australians, it’s worth noting that SBS, the “multicultural” second national broadcaster is also partly owned by/syndicated to Vice Media, which means that a) it is full of woke American trash, and b) surely it must be running at a loss by now, with that arrangement…
I don’t understand how that arrangement can continue to be viable, with the collapse of Vice and all, yet here we are…
Australian TV is sort of in this weird “undead” zone, with all these shuffling corpses of US networks shoving their programming on Aus audiences, too, atm…
I expect it’s only a matter of time before an ABC/SBS merger, and Ten either merging with one of the other two, or simply ceasing to exist, lol…
I remember when channel 10 was the cool one, In the mornings it was the one all the kids watched, what with it having cheese tv, and so it was where you caught your pokemon, yugioh, dragonball z and sailor moon. Then after school it was the one with neighbours, the simpsons, seinfeld, and big brother. Rove and the sketch show.
Non aussies need to understand, 10 was the cool one, it had all kids captive across multiple genres, cartoons, soaps and comedy, the most valuable of marketing audiences.
Speaking of Rove though, I think its that whole clique and fremantle media that has really turned the channel to shit. Of course it's fremantle
Back in my day they were each 1 channel, now they each have like 4 and 17 different digital radio channels. I don't think they'll merge, they are gov supported they'lljust suck more funds, if they do merge it'll only be a plot so they can complain about only having '1' and get more funding and start another.
https://www.perthnow.com.au/entertainment/channel-10s-breakfast-show-sets-new-record-for-worst-rating-program-ever-as-not-one-viewer-in-perth-watches-c-7881209
10 and the ABC have always been weirdly incestuous, all those project/rove people all getting their start and also doing shows for the abc. Perth's greatest achievement, fuck off channel 10 and fuck off 'the project'
Yeah, you're probably right. Though I think it says something about the ABC when all their good sports presenters have gone to 10, even to shit like The Project (Georgie Tunny! What a wasted talent...), leaving the ABC with... Daniela Intili (or however that is spelled), who is almost comically terrible, and that Tony Armstrong guy, who turns up to work drunk half the time, and yet gets extra presenter gigs, purely because he is "Blak", lol...
But yeah, re the "good ole days" of Channel 10...
Remember they even had the footy at one point: https://www.youtube.com/watch?v=vSINGk5Yk5c
Unironically responsible for a revival of Hunners' career, and probably the best intro to the game ever. Also back when both the AFL and the networks still pretended to give a shit about regional communities, as you can see in the footage included there...
Seven has never managed to surpass that, IMHO.
Out of Interest I checked out the latest OzTam Ratings - as of Monday this week, The Shares were:
Channel 7 29.9%
Channel 9 24.67%
ABC (2) 20.25%
Channel 10 16.97%
SBS 7.25%
Interesting looking at the breakdown between Analog and Streaming - SBS has double the streaming users with SBS On demand than it has FTA viewers.
Source: https://tvtonight.com.au/2024/04/monday-22-april-2024.html
The NRL equivalent is obviously Tina: https://www.youtube.com/watch?v=kOp5zlRZaSE
Although I think that's always been a Nine Network thing.
Man they did a great job with that though, lol. Definitely iconic!
I don't mind HYBPA but that's it
Good Summary. 10 also made the wrong choice in the FTA Sports - they banked on a Soccer boost that has never eventuated and sees them with basically no competition to 7's AFL & Cricket and 9's NRL & Tennis. The Anti-siphoning laws are probably the only thing keeping FTA alive in Australia. (that and the worst show ever made .... MAFS)
Remember Peacock had the live action version of Constantine and flubbed it so badly it only got 1 season. The actor later moved to the CW network and they just integrated the character directly into the "Arrowverse" made up of Arrow, The Flash, and later Supergirl, Legends of Tomorrow - which Constantine joined, Black Lightning and various other crap that came later on.
Arrow was marginally ok for a while as was Flash but later seasons turned to dogshit due to flat out abysmal writing. Constantine was quite good, though.
As Jay Leno was once told: Never Believe your Contract.
The Producers!
Pretending to be fair, I'll give some context based on my family's recent timeline with Comcast.
Comcast gave away free subscriptions for peacock plus to their internet (and probably cable) service customers for some time. That only ended somewhat recently by my recollection. They also recently paywalled an NFL playoff game with apparent success (good ratings and apparently high retention of new subscriptions). On the sports end, I expect that they're going to put more content there instead of NBC, like some Olympics stuff and college football.
Rookie numbers. Get those numbers up!!!!