Report Overview
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US content distribution: Studios go direct to consumer

- PublisherEnders Analysis.
- Publish Date April 16, 2021
- Sector Media, Television, UK, UK Media.
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Contents
Summary
IP drives Hollywood
Cinema consolidates around ‘sure-things’
Peak TV: driven by the need for scale and desperation
Variability of content spend and quality
Where does quality live on TV?
US content underwhelms in the UK
UK TV needs foreign investment, but $ means control
North American cinema was in decline before COVID
How can the studios hope to replace cinema revenues?
Replacing US cinema at different levels of impairment
Wall Street rewards aggressive DTC narrative
The would-be digital transition model
Disney M&A timeline: Outfoxing Murdoch
Disney’s Hollywood supremacy
Disney content migrating from legacy to digital brands
Disney+ take off helped by bundles
The pandemic has accelerated Disney’s pivot
AT&T’s wobbly vertical integration
HBO Max’s uncertain European future
HBO Max’s uplift has been weak, as AT&T look for growth
ViacomCBS from legacy to digital
ViaComCBS: Late and subscale
NBCUniversal brands have homes in Peacock and Sky
Comcast transitions to aggregation
The building up of bundles
Aggregation is key to Europe’s digital future
List of charts/tables