The Economist (April 25)
“The BBC is having a good pandemic, but the loss of young audiences poses a mortal threat to its funding.” Viewing by 16- to 24-year-olds is just 85 minutes versus the nearly 6 hours watched daily by those over 65. “Those aged 16-24 spend more time on YouTube than live TV” while “the next generation should terrify them. Children aged 12-15 are more likely to have heard of Netflix than the BBC.”
The Economist (June 30)
Netflix content now “consumes 20% of the world’s downstream bandwidth.” Once a DVD rental service, Netflix has become “the world’s first global TV powerhouse. This year its entertainment output will far exceed that of any TV network; its production of over 80 feature films is far larger than any Hollywood studio’s.” Netflix plans to spend an additional $3 to $4 billion on content this year. “That extra spending alone would be enough to pay for all of HBO’s programming—or the BBC’s.”
Tags: Bandwidth, BBC’, Content, Feature films, HBO, Hollywood, Netflix, Powerhouse, Studio, TV network
