AssetID: 53336962
Headline: UNCAPTIONED: Predictions for the media industry in 2024
Caption: Predictions for the Media Industry in 2024. NPR reports that 2023 was a turbulent year for the media industry. Last year included two massive, industry-shaking strikes, widespread layoffs and major changes to subscription-based streaming services. Here are NPR's four predictions for what lies ahead for the media industry in 2024. Fewer TV/streaming series, but in a good way, The economic impact of strikes and rising costs is likely to result in fewer shows being produced and more cancellations. However, this trimming comes after analysts complained that the industry was long overdue for reducing an overwhelming amount of TV and streaming programming. More streaming price hikes, but also more shared content, In 2023, major streaming services like Netflix and Amazon introduced new premium subscriptions that come with ad-free content at a higher price. Despite higher subscription costs, many platforms have also worked out limited agreements to share content on other streaming services. These package deals, like one that will see select HBO titles available on Netflix, come along with rumors of midlevel streaming services merging with other platforms. The ongoing fight against misinformation continues, NPR points out that the upcoming primaries are likely to bring the battle against media misinformation back into the spotlight. Declining late night television and cable TV will adapt to survive, Strikes in 2023 saw big names in late night television exit the genre, with James Corden leaving 'The Late Show' and Trevor Noah leaving 'The Daily Show'. While outlets like CBS and Comedy Central have struggled to fill the gaps, NPR suggests unknown innovators will find a way to rejuvenate the industry in 2024. THIS VIDEO MUST NOT BE EDITED FOR LENGTH TO COMBINE WITH OTHER CONTENT
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