Nick Vivarelli International Correspondent Andrea Scrosati, who is group COO and continental Europe CEO of Fremantle, isn’t too worried about various types of turbulence that are currently creating anxiety in the U.S.
media market such as draconian cost cuts being made by juggernaut groups and the impending prospect of a Writers Guild of America strike.
Speaking in Italy at a panel titled “Less is More – What to Do When the Streaming Boom is Over” Scrosati noted that the effect of market consolidation in the U.S.
and fear due to plunging stock market results that is prompting cost cuts at Disney and Warner Bros. Discovery certainly means that “some of the big buyers are in a conflict.” Which, in turn, “makes it more complicated sometimes to have discussions.” But, he said, “The amount of content that is required by consumers across the world is not going to change.
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