Legacy Media Firms Have the Tools to Transition to the Streaming Era, Says Analyst
Patrick Frater Asia Bureau ChiefBroken theatrical windows, declining linear TV channels and the rise of Netflix as a content giant have all appeared to threaten the traditional studio conglomerates as the entertainment industry moves into the streaming era.But research firm Ampere Analysis says that legacy media players, specifically vertically-integrated film and TV conglomerates, have many of the strengths needed to make the transition to a direct-to-consumer business model.Ampere says the entertainment industry is “past the point of no return” and that COVID-accelerated changes to windowing and audience habits are “irreversible.”“Netflix’s rise didn’t just show the potential of direct streaming as a means of moving television