Sumary of ‘Change is coming’ to streaming, Jason Kilar, the WarnerMedia chief, says.:
- The post panned traditional TV for running far too many commercials.
- Mr. Kilar also blasted cable, predicting that viewers would eventually drop expensive packages.
- The move would have cost some of Hollywood’s biggest players back-end profits — the commission that top-flight producers and stars earn based on box office receipts — but the company quickly worked out deals to make sure they would be paid.
- Unlike Netflix, Disney+ and HBO Max and other new entrants into streaming have legacy agreements with cable distributors and Hollywood studios that prevent a more full-throated approach to making films and TV shows immediately available online.