Streaming - McGraw-Hill Introduction to Business

Limp Bizkit Sues Record Company for $200 Million

October 17, 2024

In the 1980s, record companies started releasing music on compact discs after a century of producing vinyl albums. Driven by new digital technology, the music business soon exploded into a billion dollar industry. But with big budgets came big fights over profits between record companies and recording artists. For example, the R&B group TLC blamed an unfair contract with their record label when they filed for bankruptcy in the 1990s despite selling 65 million records. Musical innovator Prince temporarily changed Continue reading →

Motivation, Ethics, Labor Relations, Compensation, Product Development, Streaming, Product Distribution

Chapter 1: Taking Risks and Making Profits, Chapter 4: Ethics and Social Responsibility, Chapter 6: Entrepreneurship, Chapter 10: Motivation, Chapter 12: Labor Management and Unions, Chapter 13: Marketing, Chapter 14: Product and Price, Chapter 15: Distribution, Bonus Chapter B: Technology and New Media

Paramount Merger with Skydance Creates New Hollywood Powerhouse

July 10, 2024

NickelsMcHughMcHugh

Over the last few years, the rise of streaming video has created many problems for the old-school movie studios that once dominated Hollywood. Paramount, for instance, enjoyed more than a century of success as it produced huge film franchises like Top Gun and Mission: Impossible while owning major television networks like CBS, Nickelodeon, and MTV. But Paramount struggled as customers shifted away from movie theaters and traditional cable packages and toward streaming services like Netflix and Amazon. The company tried Continue reading →

Management, Marketing, Entrepreneurship, Product Development, Entertainment, Streaming, Product Distribution, Hollywood, Mergers, Paramount

Chapter 1: Taking Risks and Making Profits, Chapter 5: Forms of Business Ownership, Chapter 6: Entrepreneurship, Chapter 7: Management & Leadership, Chapter 13: Marketing, Chapter 14: Product and Price, Chapter 15: Distribution

WGA and Hollywood Studios Reach Tentative Agreement

September 26, 2023

NickelsMcHughMcHugh

For 146 days, members of the Writers Guild of America (WGA) have picketed in front of Hollywood movie and television studios, demanding increased financial security and more control over their work. Talks mostly broke down as the months stretched on, until last week when the two parties met over five straight days and brokered a tentative deal. Although this agreement still needs to be written into a contract and ratified by the WGA’s more than 11,000 members, industry observers Continue reading →

Management, Motivation, Ethics, Unions, Product Development, Entertainment, Streaming, Strikes, Film & Television, WGA

Chapter 1: Taking Risks and Making Profits, Chapter 4: Ethics and Social Responsibility, Chapter 7: Management & Leadership, Chapter 10: Motivation, Chapter 11: Human Resource Management, Chapter 12: Labor Management and Unions, Chapter 15: Distribution, Bonus Chapter B: Technology and New Media

[VIDEO] How Streaming Changed the Business of TV Writing

June 15, 2023

NickelsMcHughMcHugh

The Writers Guild of America has been on strike for more than a month and a half as they continue to demand better working conditions in modern Hollywood. This video takes an in-depth look at how streaming services like Netflix and Hulu completely changed the business of writing for television, from shorter schedules and smaller residual checks to depriving writers of vital experience by keeping them off set.

Questions:

How does spending time “on set” allow writers to gain Continue reading →

Operations Management, Ethics, Training, Human Resources, Labor Relations, Compensation, Entertainment, Streaming, Television, Product Distribution

Chapter 1: Taking Risks and Making Profits, Chapter 4: Ethics and Social Responsibility, Chapter 9: Production and Operations Management, Chapter 10: Motivation, Chapter 11: Human Resource Management, Chapter 12: Labor Management and Unions, Chapter 15: Distribution, Bonus Chapter B: Technology and New Media, Videos

Hollywood Screenwriters Go on Strike

May 3, 2023

NickelsMcHughMcHugh

Members of the Writers Guild of America (WGA) began walking picket lines yesterday after failing to agree a new deal with production companies. This strike marks an end to 15 years of labor peace in Hollywood, bringing dozens of television and film projects to an immediate and indefinite halt. According to representatives of the approximately 11,500 striking writers, the rise of streaming has upended the industry and led to declining conditions for creative workers. For example, in the past network Continue reading →

Ethics, Unions, Labor Relations, Entertainment, Streaming, Television, Movies, Strikes

Chapter 1: Taking Risks and Making Profits, Chapter 3: Globalization, Chapter 10: Motivation, Chapter 11: Human Resource Management, Chapter 12: Labor Management and Unions, Chapter 15: Distribution, Bonus Chapter B: Technology and New Media

Hollywood Rediscovers the Profitable Magic of Movie Theaters

April 18, 2023

NickelsMcHughMcHugh

The onset of the Covid-19 pandemic in 2020 changed the movie exhibition industry forever, as theaters around the country closed their doors and streaming services racked up millions of new subscribers. At the time, some experts predicted that platforms like Netflix and Disney+ would take over the attention of moviegoers entirely as theaters gradually faded into obscurity. In the years that followed, though, the enthusiasm surrounding streaming has started to taper off as these services continue to mount up debt Continue reading →

Marketing, Promotions, Entertainment, Streaming, Product Distribution, Movie theaters

Chapter 1: Taking Risks and Making Profits, Chapter 13: Marketing, Chapter 14: Product and Price, Chapter 15: Distribution, Chapter 16: Place and Promotion, Bonus Chapter B: Technology and New Media

The Tricky Task of Monetizing Esports

February 24, 2023

NickelsMcHughMcHugh

This week, the esports talent agency GameSquare announced that it hired Tyler “Ninja” Blevins as its Chief Innovation Officer. A famous Fortnite streamer with more than 17 million followers on the platform Twitch, the company said Ninja will “curate disruptive strategies, pursue new business opportunities, and explore next-gen technologies to accelerate the [e-sports] industry’s growth within pop culture.” This will also give Ninja another source of revenue besides streaming, which he claims to earn $500,000 a month from while keeping Continue reading →

Warner Bros. Scraps Release of Batgirl

August 3, 2022

NickelsMcHughMcHugh

Last year, the movie studio Warner Bros. announced that it was working on a slate of films created specifically for the streaming service HBO Max. Among these titles was Batgirl, whose budget ballooned to more than $90 million after completing most of the film. But rather than release this star-studded adaptation of a DC Comics character, Warner said yesterday that the movie would never stream online nor would it ever appear in theaters.

Along with ditching Batgirl, Continue reading →

Marketing, Ethics, Promotions, Entertainment, Accounting, Streaming, Advertising, Product Distribution, Movies, Hollywood, HBO Max

Chapter 1: Taking Risks and Making Profits, Chapter 3: Globalization, Chapter 13: Marketing, Chapter 14: Product and Price, Chapter 15: Distribution, Chapter 16: Place and Promotion, Chapter 18: Financial Management

Netflix Stock Tanks after Drop in Subscribers

April 26, 2022

NickelsMcHughMcHugh

Netflix revolutionized the entertainment industry after the company launched its streaming service in 2007, creating an on-demand platform that was soon imitated by many competitors. Although Netflix still has the largest audience in the industry with 220 million subscribers, the company faces strong competition from services like Disney+, HBO Max, and many others. No longer the only game in town, over the years Netflix has spent big on original television series and movies in order to stand out from this Continue reading →

Marketing, Product Development, Promotions, Entertainment, Netflix, Streaming, Product Distribution, Food & Drink, Supply & Demand

Chapter 1: Taking Risks and Making Profits, Chapter 2: Economics, Chapter 13: Marketing, Chapter 14: Product and Price, Chapter 15: Distribution, Chapter 16: Place and Promotion, Bonus Chapter B: Technology and New Media

[VIDEO] How the Pandemic Changed the Movie Business

January 11, 2022

NickelsMcHughMcHugh

For decades, Hollywood studios and movie exhibitors abided by the law of the “theatrical window,” the period of time where a film could only be seen in theaters. This window steadily shrank over the years as home video and streaming gained dominance until it was almost obliterated in 2020 as theaters shut down for the pandemic. The fascinating video below looks at the ways that coronavirus changed domestic movie distribution and how theaters could still have a profitable future ahead Continue reading →