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The Media Industry Is Handing Apple and Amazon a Big Opportunity

TheMotleyFool

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The Media Industry Is Handing Apple and Amazon a Big Opportunity: https://g.foolcdn.com/editorial/images/713927/gettyimages-streaming-tv.jpeg

Television producers are finding it harder to sell their series to almost everyone in the media industry.

Just two companies ordered more scripted series in the second half of 2022: Apple (NASDAQ: AAPL) and Amazon (NASDAQ: AMZN). As the pressure grows for traditional media companies to start generating profits from their streaming services and old hats like Netflix (NASDAQ: NFLX) look to reinvigorate subscriber growth, the demand for new series has fallen considerably.

Overall, new scripted series orders aimed at U.S. audiences fell 24% year over year, according to Ampere Analysis. That may be a huge opportunity for Apple and Amazon to snatch up new series at better prices.

Source Fool.com

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