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[Post 749] How Netflix And YouTube Changed Entertainment Forever | CNBC Marathon
By Sonicericsg  •  May 10, 2023
Summary From Netflix and YouTube to AMC, CNBC Marathon explores the future of entertainment. Over the past 25 years, Netflix revolutionized the film and television industry. The company amassed over 220 million subscribers across 190 countries, billions of hours watched for show Stranger Things and racked in 226 award wins. However, in 2022, things began looking rather different for the storied streamer while fighting an uphill battle to remain relevant in the streaming wars. In Q2 of 2022, Netflix lost nearly 1 million subscribers as rival Disney+ added roughly 14 million new subscribers. Movie theaters across the U.S. and worldwide were dealt a massive blow during the pandemic. The domestic box office numbers plummeted from 2019’s box office of $11.2 billion to $3.8 billion in 2021. As for AMC Entertainment, the pandemic was chaotic. The theater company was virtually out of cash and nearly bankrupt, yet the...
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By Sonicericsg
Hi everyone, I'm soniceric, my real name is of course not soniceric, it's just Ericsson :) The reason I name this blog as soniceric is a word play on the brand of "sony Ericsson" hence soniceric(geddit?) I am currently a 22 years old nsf who is about to ord soon and receiving a paltry ns allowance of $800 per month. To date, I have managed to save more than 10k and have already use the money for various purpose(emergency fund, peer to peer lending,posb invest saving and stocks, trading etc).
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