Disney, Eric Deggans, Discovery discussed on All Things Considered
Harry Potter ever make anything happen. Anything you couldn't explain. You're a wizard, Harry. I'm a what? They take a wizard to explain all this, So we're joined by NPR TV critic Eric Deggans. I Eric What's the Harry Potter spell to create like a giant new streaming company? I confess I was not a reader. But what does this mean? For viewers? Our price is gonna go up. Well, you know, that's one of the biggest unanswered questions we got right now. I mean, this new company is going to need subscribers, so I kind of doubt they're gonna hike up the price at least right away. But we don't even know what the name of this new company is gonna be. Although we're here, and that's gonna come in a few days. So this kind of seems to be an attempt to better compete with Netflix and Disney. Plus by bringing together these two huge libraries of TV shows, films, other media contact Now, the two companies say that this new venture is gonna have about 200,000 hours of content with over 100 brands, But you know one or media just launched that streaming service HBO Max, about a year ago. And Discovery just lost each dreaming service Discovery Plus in January. So you know, are they going to suddenly create yet another streaming service to merge these two or work out some deal where subscribers of one could get access to the other. There's so many questions here about how this is gonna affect cost and content. It is no wonder that they're not planning to finalize this deal until the middle of next year. You're talking about streaming services more than live TV. Is this really all about the streaming wars? Well, I I think this is evidence that the industry is realizing that consumers there really are going to pay for a few big streaming services and so to compete, the companies that are in the middle, they gotta get bigger. So a TNT is also a telecom company that never seemed to really understand the entertainment business like One or media, for example, upset a lot of people in Hollywood last year when they decided without that much warning to release these big movies like Wonder Woman 1984 in theaters and are streaming on HBO, Max at the same time during the pandemic. So now 18 18 T is going to step back from entertainment with this deal where they'll get for $43 billion back or only about half of what they pay for one or media in the first place. You mentioned that these companies are getting bigger and bigger are their monopoly concerns regulatory concerns. Well, you know, I doubt it. But regulators are gonna have to approve this new deal. I mean, Discovery Inc is this company that's largely focused on unscripted Syria's like documentaries and so called reality TV shows on on places like The Discovery Channel TLC, The Food Network, Warner Media has a larger footprint, whether movie studio HBO, CNN. But I think it's tough to argue that this new company is gonna be gonna limit competition more than Disney, which has a broadcast network and local TV stations. The new combined company's gonna be run by Discovery CEO David's as laugh. They're gonna spend $20 billion on content, So I think we're gonna expect to see lots of new content from this company, which is gunning for subscribers and working hard to establish itself next to Netflix and Disney. That's our resident wizard and TV critic Eric Deggans..