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Todd Spangler Ny
Entertainment
Netflix
2020
Todd Spangler Ny
The Year in Stocks: 2020 Tossed in the Streaming Cyclone
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variety.com
variety.comTodd Spangler NY Digital Editor“May you live in interesting times.” This past year calls to mind that old saying, allegedly an ancient curse directed at one’s enemies.But 2020, with all its tumult and terror, isn’t one to forget for media and entertainment companies.
It marked a pivotal year when the sector’s biggest companies made tough decisions to reorient themselves to the streaming age.“It’s a transitional year, without a doubt.
2020 was a reset,” says Chris Vollmer, MediaLink’s head of strategy consulting for media and entertainment. The trend pointing to the need for media conglomerates to quickly adapt to direct-to-consumer streaming was already clear before the pandemic struck — “but it’s in Technicolor relief now,” he adds.
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