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James Cameron: Studios Panicked & Threw “Stupid Money” At Streaming, Calling It “An Unsustainable Ponzi Scheme”
As we detailed extensively in our Biggest Entertainment Stories Of 2022 & What’s Next feature from late last year, while riding high for years and seemingly the future of the film and television industry, the bubble burst on streaming last year. The shortest version of that story? Netflix stock tumbled in early 2022, and then in April, the streamer announced it had lost subscribers for the first time in more than a decade, its stock plunged heavily, and the company quickly scrambled to go to an ad-model-tier subscription model.
