Actor Billy Porter was awarded with a star on the Hollywood Walk of Fame, where he stood for photos and made remarks, saying, “I’m grateful to have lived long enough to see the day where my queerness is no longer my liability, but now is my greatest superpower.”
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Streaming news has already proven to be an enticing niche market. It reduces the scarcity of media by offering viewers the ability to customize their experience. This makes building a news library more economical. It also gives newscasters the opportunity to serve their audience’s needs.
In addition to its regular nightly news program, the major streaming networks schedule documentaries, reruns, and news analysis. They also repurpose programming from cable. This means that viewers can watch their favorite shows, whether on their computers or smartphones.
The news networks have high hopes for streaming. They have invested hundreds of millions of dollars in these operations. They also have high hopes that streaming will change the way that political news is covered.
CNN, MSNBC, and Fox News Channel are among the major streaming networks. In 2020, they will earn a combined profit of $3 billion.
These networks plan to produce 45,000 hours of local news per year. This is more than the local coverage that CBS already plans to beam from its local stations.
In addition, the streamers have already proven that viewers will pay for their content. In fact, Fox Nation has attracted 1.5 million subscribers. They are losing about $20 in yearly subscriber fees.
Streaming is also attracting new overtly political news operations. These will likely attract viewers who are not willing to pay for broadcast news. Streamers will also be free from costly negotiations with cable companies.
Streaming also allows newscasters to see their audiences disappear. The number of people who watch cable TV is expected to decline from 76 percent in 2015 to 56 percent in 2021.
