Hollywood strikes: WGA calls for end of media consolidation

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The Writers Guild of America calls Netflix (NFLX), Disney (DIS), and Amazon (AMZN) the 'new gatekeepers' of the media business and warns against media consolidation in its new report. Yahoo Finance Reporter Alexandra Canal breaks down the WGA's report and what it means for the future of the industry. 

the"new gatekeepers" of the media business and warns against media consolidation in its new report. Yahoo Finance Reporter Alexandra Canal breaks down the WGA's report and what it means for the future of the industry.There's a new call for regulation in the streaming space.

There are too many streaming services out there. I think you can see that by how we've seen a subscriber slowdown over the past year or so, those numbers slowing significantly. On top of that, companies have been struggling with profitability as streaming losses continue to be a problem. That's why we've seen more ad supported tiers. We've seen a wider crackdown on password sharing.

 

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