The Four Reasons Why Legacy Media is Struggling to Adjust


Darren Campo, Adjunct Professor at NYU Stern School of Business and SVP of Programming and Content Strategy at the Food Network, shares four reasons why giant legacy media companies are struggling to adjust to the modern media landscape. He points to decentralized competition from social media platforms, as well as exorbitant costs to build a streaming library of content.

Darren’s Thoughts:

There are four reasons why traditional media companies are having such a hard time adjusting to the current environment. The first one is that we are in an advertising recession. The second one is TikTok. The third: trillion-dollar competition from Amazon and Apple. And the fourth: it’s very expensive to build a successful streaming service.

Netflix pointed this out in their Q3 earnings release where they said they are the only profitable streaming service with five to 6 billion in operating profits compared to what they estimate is 10 billion in losses from traditional media companies. With Netflix having forecast that for the competitors just a few weeks ago, it’s not surprising to see it show up in their results right now.

Follow us on social media for the latest updates in B2B!



cloud environments
Rethink Everything: Modern Cloud Environments Demand a Fusion of New Security Architectures, Continuous Education and Educated Partnerships
April 22, 2024

As businesses increasingly transition to cloud environments, the conversation around cybersecurity has become more crucial. The shift from on-premise to cloud-based infrastructures offers notable benefits like scalability and cost savings, yet it introduces unique challenges and complexities in security management. The stakes are high, with a significant rise in cyber threats exploiting the vulnerabilities […]

Read More
Bullying, Suicide, and Society The Unseen Crisis in K-12 Education
April 22, 2024

In a recent episode of the Secured podcast hosted by Mike Matranga and Mike Monsive of ASAP Security Services, the tragic case of a transgender student named Nicks Benedict from Oklahoma grabbed national attention. Benedict, a 16-year-old who identified with he and they pronouns, died by suicide after a bullying incident at school. The […]

Read More
acoustics CAD simulation
Acoustics CAD Simulation: The Future of Aerospace Design
April 22, 2024

As industries strive to meet stringent noise regulations and enhance acoustic performance, acoustic CAD simulation has become an essential tool in aerospace design. The European Environment Agency reports that noise pollution affects the well-being of millions, emphasizing the need for advanced acoustic solutions to mitigate these effects. What cutting-edge strategies and technologies can address […]

Read More
zero-emission vehicles
Forum Mobility Leads Sustainable Supply Chain Revolution with Zero-Emission Vehicles Subscription Model
April 22, 2024

As Earth Day shines a spotlight on environmental stewardship, the conversation around sustainability has extended its roots deep into the veins of the global supply chain. With stringent regulations coming into effect in California, mandating the transition to zero-emission vehicles for port entry, the race to adapt has been catalyzed. This push towards sustainability, […]

Read More