Todd Spangler NY Digital EditorThe media and entertainment industry’s rapid shift to streaming video will certainly lead to winners and losers.
And Thomas Dey, president and CEO of ACF Investment Bank, predicts that networks and services that are stuck between those with massive scale and those with niche audiences will get “washed away.”On the latest episode of Variety‘s “Strictly Business,” Dey says the players in the middle will be ripe for acquisition or will die off, as Netflix, Amazon and Disney at this point are best positioned to be global streaming giants.“There’s going to be very dominant, very big players that will have largely global networks that can be more efficient and reach more corners” alongside “ultra-niche” content.
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