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Macro Bites: How is M&E navigating the streaming services revolution?
May 8, 2024
High inflation and changing consumer demands have been pushing media and entertainment (M&E) industries away from linear TV towards favorably-viewed but less profitable streaming services. EY-Parthenon Chief Economist Gregory Daco and EY Americas Media and Entertainment Leader John Harrison discuss why M&E is grappling with major disruption and how these companies can both balance risks and seize the opportunity for cost savings, profitability and growth.
Because consumers expect to be given choice, convenience and value all at once, businesses are facing challenges about how to deliver in an unbalanced environment.
Executives can strengthen their businesses by harvesting cash flow from the old (linear TV) and take decisive actions—such as mergers and acquisitions (M&A)—to improve profitability.
EY research shows that approximately four out of five executives have either initiated or plan to initiate AI within the next 12 months, which can help drive efficiency and growth.
Host and featured guests
Gregory Daco
EY-Parthenon Chief Economist, Strategy and Transactions, Ernst & Young LLP
John Harrison
EY Americas Media & Entertainment Leader
