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Hollywood And Big Tech Are At Odds
Amazon TV // Illustration by Kate Walker
Hollywood and Big Tech are increasingly battling for control of the entertainment industry’s future.
Behind the Streams: Companies like Amazon and Meta are aiming to take over the entertainment industry as legacy studios are pushed aside. But traditional media companies aren’t going down without a fight, pursuing their own megadeals to keep pace.
Fox recently acquired Roku for $22 billion, solidifying its position as a major competitor to Google, Amazon, and Apple. The deal also puts rival streamers and media companies in the unusual position of potentially relying on Fox to reach audiences.
Meanwhile, Instagram plans to begin testing episodic, long-form content, pushing Meta further into Hollywood’s territory.
As companies like YouTube and Meta expand beyond platforms and into premium content, Disney, Paramount, and other legacy studios will need to find new ways to maintain their stronghold.
Closing Deals: This fight isn’t just about making great content anymore. It’s about controlling how audiences discover it. Tech leaders like Jeff Bezos have spent years expanding into media, and now that same playbook is reshaping the entertainment industry. For better or worse, the companies that control distribution may also control what gets made.
The Future: The next wave of entertainment deals may be less about buying studios and more about building direct relationships with audiences. In the years ahead, don’t be surprised if reach becomes just as valuable as intellectual property.
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Today’s email was written by Deena ElGenaidi and Kait Cunniff.
Edited by Nick Comney. Polled and Copy-edited by Kait Cunniff.
Published by Darline Salazar.