Netflix, Home of the Binge-Watch, Tries Something New: Live TV
After creating the market for on-demand TV, Netflix is venturing into live programming with cooking, wrestling and football.
Chefs David Chang and Evan Funke.
Photographer: Courtesy of NetflixMany business leaders believe that the second presidency of Donald Trump will lead to a deluge of new deals. David Zaslav said as much on Thursday. The new administration “may offer a pace of change and an opportunity for consolidation that may be quite different,” the Warner Bros. Discovery Inc. chief executive officer said on an earnings call.
While executives have complained about the anti-business bent of the current administration, dealmaking in media and entertainment is already brisk.
Three of the biggest companies in the industry – Amazon, Paramount and Warner Bros.Discovery – have closed multi-billion dollar deals in the last few years. The two biggest talent agencies, CAA and WME, have either changed hands or are about to do so. The record business already consolidated to just three companies and the deal market for music catalogs has been strong for many years.