Binge Times
Inside Hollywood's Furious Billion-Dollar Battle to Take Down Netflix
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- € 23,99
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The first comprehensive account of the biggest wake-up call in the history of the entertainment business: the pivot to streaming. Go inside a disparate group of media and tech companies -- Disney, Apple, AT&T/WarnerMedia, Comcast/NBCUniversal and well-funded startup Quibi – as they scramble to mount multi-billion-dollar challenges to Netflix.
After spotting Netflix and the deep-pocketed Amazon Prime Video a decade’s head start, rivals from the tech and start-up realm (Apple, Quibi) and traditional media (Disney, WarnerMedia, NBCUniversal) all decided to move mountains to enter the streaming game. At a cost of billions, each went after their own piece of the market, launching five new services in a seven-month span. And just as the derby was heating up, the coronavirus pandemic arrived, a black-swan event bringing short-term benefits but also stiff challenges.
The battle for streaming supremacy may end up having more than one winner, but the cost and disruption to decades-old business models have also produced a lot of losers. Binge Times reveals the true costs of the vision quest as companies are turned inside-out and repeatedly redraw their org charts and strategic plans. Stretching from Silicon Valley to Hollywood to Wall Street, it is a mesmerizing, character-rich tale of hubris and ambition, as the fate of a century-old industry hangs in the balance.
PUBLISHERS WEEKLY
Deadline editor Hayes (Open Wide) and Forbes writer Chmielewski chronicle the rise of Netflix and the influx of streaming services in this smart, comprehensive take on how "a single monolithic company unsettled... Hollywood." The authors recount how Netflix was the brainchild of Reed Hastings, who saw a flaw in video rental chain Blockbuster's model and wondered, "What if there were no late fees?" Beginning in 1998 as a mail-order DVD rental business, the company transitioned to streaming in 2007 and picked up the rights to Disney and Sony movies. Then came original content in 2013 with the release of House of Cards, and the 2019 release of Oscar contender The Irishman, both of which further shook up the entertainment industry. The authors spend plenty of time on the "forces of Hollywood" that "allied against Netflix, seeking to knock it off its streaming throne" with competing services, including Disney's launch of Disney+ in 2019 and cable channel HBO's addition of streaming service HBO Max in 2020. Things get bogged down a bit with the long-winded and fawning appreciation of Netflix, but the copious research and astute analysis are worth the price of admission. This fascinating study will enthrall those interested in the business side of entertainment.