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in Tech

Legacy media companies enter dark times as failures mount and Netflix rises again

by Editor June 25, 2023, 4:16 pm 1.3k Views

Legacy media companies enter dark times as failures mount and Netflix rises again

Bob Iger, CEO of The Walt Disney Company, left; David Zaslav, CEO and president of Warner Bros. Discovery, center; and Bob Bakish, president and CEO of Paramount Global.

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Companies and industries have ups and downs. The legacy media industry is in a valley.

The first half of 2023 has been a colossal disappointment for media executives who wanted this year to be a rebound from a terrible 2022, when a slowdown in streaming subscribers…

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