Over the past decade, Wall Street encouraged the world’s largest entertainment companies to dive into streaming, tearing apart their old business model. Then investors cooled towards the idea. Coupled with rising interest rates and a slowing economy, that led to 2022’s brutal stock market revaluation of the companies that make movies, television, music and news.
Not a lot of respite is expected in 2023 among the media executives and creative people I talk to. They anticipate this year to be tough and it will not be without drama. Here are some of the stories to keep an eye on in 2023