GHJ Partner and Filmed Entertainment Practice Leader Peter Klass contributed to an article in Variety about how the major streaming services are changing their business models. In this article, Peter talked about how the collapse of theatrical windows has been a major driver in this change.
Writer Angus Finney noted that, a little over a decade ago, Netflix maintained the largest film library with more than 100,000 DVD titles. Now, the streamer has slashed its library to about 15,000 titles with a greater emphasis on new, fresh content. Netflix is not the only service focusing its investments on new content, but it is a sharp contrast from other streaming services on the market. As Peter noted in the article, not all streamers have the funds to invest in new content like Netflix, which means building out their libraries in other ways.
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