Ever heard of record store day? We’ll meet National streaming day. Today May 20, is National Streaming Day in the United States Of America.
National Streaming Day is an unofficial holiday occurring on May 20, intended to celebrate streaming media. It was established in 2014 by Roku. It bears no significance with record store except it’s like Black Friday for streamers. Streaming services have used the media holiday as a marketing tool to offer streaming promotions or discounted products.
Last year On National Streaming Day , Disney+, ESPN+ and Roku announced a collaboration to release exclusive news and series sneak peeks.
As completion heightens and new players enter streaming, traditional leaders in the field are seeing a decrease i. The value of their stocks.
Variety reported that Netflix lost $54 billion in market value in one day amid concerns about a slide in subscriber numbers and promptly reorganized its marketing department once again, axing writers on its fledgling Tudum fan site five months after launch. Three days ago the company has layer off over 150 members of staff.
Elsewhere there was a fallout from the Warner Bros. Discovery merger and Amazon acquired MGM.
“2022 will undoubtedly be a messy year,” Warner Bros. Discovery Chief Financial Officer Gunnar Wiedenfels told Wall Street analysts on April 26 while discussing the company’s most recent quarterly earnings.
Robert Fishman, an analyst with MoffettNathanson, on May 2 said, “We think the industry is facing a point of no return in which the economics of the old models look increasingly frail while the potential of the brave new world now appears overly hyped.”
