Hollywood Breakdown
No strike, but still not quite business as usual
The WGA was able to make a deal with the studios, so a strike was averted, but the industry continues to be in flux as more people cut the cord, Hulu announced a streaming service, and media stocks took a tumble.
By Matthew Belloni • • 3m ListenAt its upfronts presentation this week Hulu showcased their first true breakout original series The Handmaid's Tale while also announcing a live streaming service that gives viewers access to 50 channels for $40 a month. Meanwhile, stocks stumbled this week for big media conglomerates as they continue to lose subscription fees and ad revenue. While we're still in the middle of Peak TV, there's a sense of anxiety throughout the industry about what the future might look like.
