And this is why I'm grateful for capitalism. Some people should be kept far far away from anything involving money.
We're easily in the fastest rate of digitization(of relative growth) of any 3 month period since 2000. People who normally have limited usage of the internet are being forced into going digital.
This alone could radically affect things.
I suppose a rational argument could be made that big networks can't cope with uncertainty and are sticking to " go with what you know", but this only holds true if you assume such ignorant fools will get to stay in control of megacorps.
I could very very easily see this whole thing as an excuse to give up on networks altogether and push for partnerships with other streaming services.
"Rich" corporations aren't rich because they have money. They continue to be rich because they don't make bad decisions.
Even if companiesv traditional cable companies like CBS are planning to swap hockey into their streaming services and not television, this still means the deals themselves will be very very different.
Way too many people on this sub don't get that supply and demand curves are not limited to a specific time.
A whole lot of demand is psychological. The feeling of scarcity creates the feeling of value. If you end in a period with no scarcity, you're not automatically gonna feel the impulse to buy something when it is back in scarcity.
I.e. imagine a WHA Gretsky card that only has only 100 prints.
Now imagine you find out that super rare card in fact has 1000 prints.
If I were to burn 900 of those cards to bring us back to the same supply number of 100, you're not gonna turn around and feel that same sense of scarcity because you know I'm artificially decreasing the supply.
Now multiple this concept across virtually our entire economy.
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