So what streaming services won’t survive?
While Iger did not mention these by name, he does believe that some of these services won’t make it. That includes HBO MAX, Peacock and Paramount+. Now HBO MAX and Discovery+ are already working on combining into a single app, after their parent companies merged this year. They are also looking to cut costs. While Peacock is struggling to add paid subscribers and Paramount+ is cutting spending on content. Iger pointed out that these companies have already started taking steps to bundle and consolidate to bolster its library. While many analysts see more consolidation coming in the future for streaming, Iger doesn’t believe it’ll be enough. “They’ve got some tough hands, and it takes a lot of capital to be in that business,” Iger said at Code Conference. Also noting that “I don’t think they’ll all make it”. That’s not surprising. Not at all. Considering right now there are so many different streaming services available, and most people only subscribe to four at the most. Companies like ViacomCBS and Disney will likely start merging their multiple streaming services into one. Like Paramount+, BET+ and Showtime into a single app. As well as Disney+, Hulu and ESPN+ into a single app. They are already bundled together, but that also might not be enough.
