Reported about 8 hours ago
Billionaire media mogul John Malone discussed the future of television, asserting that Big Tech will dominate the streaming industry as consolidation increases. In a podcast interview, he highlighted the need for fewer major players in the market due to economic inefficiencies and emphasized that companies like Google, Amazon, and Apple, with their extensive resources, are well-positioned to take control of entertainment distribution. Malone's insights come as streaming services face challenges in managing multiple subscriptions and profitability.
Source: YAHOO