Streaming Wars: Paramount Plus Gaining on Disney+

Streaming Wars: Paramount Plus Gaining on Disney+

Paramount has been on a major spending spree lately and for the life of me, I couldn’t figure where they were getting the money from. They have been in last place and cash strapped for years now. And the simple reason they have spending money again, is that they are gaining subscriptions fast. The last time I checked in was months ago when CBS-All Access had failed and they only had a few million subs, these had to mostly be ride-or-die Big Bang Theory fans because it sure as hell wasn’t Star Trek.

But Paramount is closing in fast on 50 million subscriptions when means they are officially in the game. Now half of their streamers are watching old Nickelodeon content. Spongebob, Rugrats, and Barnyard, mostly kid’s stuff. But what really got those subs rolling in was the South Park: Post Covid. A show that has left Hawkeye so far in the dust, the dust had not only settled but was being cultivated for spring planting by the time Hawkeye even knew it was in a race.

Hawkeye had about 60% of Loki’s opening numbers. This is a very bad thing for Disney Plus. Marvel is failing and failing badly. Kevin Feige’s plan to replace all of the white male heroes with women of whatever color is obvious to everyone by this point. The Marvel brand is now damaged but there has not yet been a The Last Jedi, black swan event that shatters the fan base irreparably. I’m sure it’s coming eventually.

In other streaming news, there have been anti-trust concerns raised by the merger of Discovery and Warner Brothers.

This is on the face of it, laughable. In no way, shape or form could this merger result in anything that remotely resembles a monopoly. It was Senators like Elizabeth Warren that were announcing their deep and troubling concerns about what this merger could mean.

Here is what is really going on with that.

In 1996 Ted Turner brokered a merger of his cable empire and Time Warner. Five years later he got screwed and booted out of Time Warner when it merged with AOL (remember that disaster?). Warner has owned CNN ever since. In the ensuing 25 years, CNN went from a small but steady cash cow to an inescapable money pit. This was made worse when AT&T bought up Warner and some overly optimistic contracts were signed with some of CNN’s high profile “talent.” Despite the fact that it was already losing money.

The new CEO of Warner Brothers/Discovery had looked for a buyer for CNN but quickly concluded that this was a hopeless quest, so his plan was to dump as much of Warner Brothers/Discovery’s debt onto CNN as possible and spin it off. CNN would likely die in a year or two but that wasn’t his problem.

Until Elizabeth decided it was.

This nakedly acknowledges that CNN is no longer a news service but is the official propaganda organ of the Democratic Party.

Warner has now publically stated they will continue to run CNN, (apparently as a corporate charity). While it would have been fun to watch it go under there are YouTube channels that reliably get more views than CNN.

Rightfully so, (try to ignore the ear-expanders)

Her Diagon Ally is even better.

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Comments (9)

  • EXALT Reply

    “The Marvel brand is now damaged but there has not yet been a The Last Jedi, black swan event that shatters the fan base irreparably. I’m sure it’s coming eventually.”
    It’ll probably be the next Avengers movie.

    December 9, 2021 at 8:24 pm
  • Eli Reply

    I’m wondering when we’ll see one of these big streaming services go under.

    December 9, 2021 at 8:52 pm
    • EXALT Reply

      I don’t imagine Netflix will get to the decade’s end.

      December 9, 2021 at 9:27 pm
  • Kyle Reply

    Do you think the upcoming spiderman movie might have potential to be a The Last Jedi, depending on where they go with it?

    December 9, 2021 at 11:03 pm
    • EXALT Reply

      Every leak I’ve seen about that movie points towards the old characters being treated with respect, so it seems it’ll be a nostalgia-baiting clusterf**k a-la Force Awakens rather than a Last Jedi: it will satisfy people until they actually start to think about it.

      December 10, 2021 at 12:27 am
    • The Dark Herald Reply

      Kevin Feige is not directly running that one, so it’s probably safe. You have to remember the Spiderman movies are a collaboration of Sony and Disney. And Sony is looking after its franchises at the moment, just look at Ghostbusters Afterlife.

      December 10, 2021 at 12:51 am
    • furor kek tonicus ( Tyrants Always Find A Way ) Reply

      the Spidey movies are under the control of Sony, not Marvel Films.
      so, while a turrible Spiderman movie would probably damage the MCU a bit ( simply due to the ‘comic book movie’ and Marvel Universe associations ) i don’t think that it *could* be a Black Swan to the MSheU.
      but that’s okay, because the MSheU is it’s own Black Swan.

      December 10, 2021 at 1:38 am
  • Seeker Reply

    Just wondering if anyone has been following Trump’s Truth Media announcement? He’s going to have a site/app that is basically Social Media + Netflix + Podcasting and is explicitly advertising it as uncancelable. If he can get that going one can only speculate at the market shakeup that would ensue. I’m also guessing that he’d need his own payment infrastructure to support that business, which in itself is needed right now.

    There also seems to be a shakeup at CNN driven by a major Discovery shareholder named John Malone. It’s speculated that he’s the one who got Chris Cuomo fired. Here’s what he’s said recently: “I would like to see CNN evolve back to the kind of journalism that it started with and, you know, actually have journalists which would be unique and refreshing. I think a coward’s way out would be to sell it or spin it off and then sell it, do it in some tax efficient way. There’s, there isn’t a lot of tax basis, David, in CNN so a straight sale would probably be a little bit leaky, let’s call it but doable. I do believe that good journalism could have a role in this future portfolio that Discovery, Time Warner is going to represent but, you know, I’m just one, one voice here.”

    If you don’t know, they’ve actually ran several pieces recently that have bashed Biden. For example, they fact checked him on his inaccurate story about meeting Golda Meir, a story he’s been telling for decades. Not saying that we’re suddenly getting accurate news corp TM, but that might be why we’ve got the squeaking from certain quarters.

    December 10, 2021 at 10:27 am
    • The Dark Herald Reply

      Reserve off-topic comments for the Friday night Open Thread.
      And NO just putting OT in front of your comment doesn’t get you off the hook anymore, it just gets your comment deleted.

      December 10, 2021 at 1:42 pm

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