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Money Cable lost, but streaming may be bleeding out

21:45  14 january  2020
21:45  14 january  2020 Source:   msn.com

Toronto's Iranian community is 'bleeding' from Wednesday's plane crash, imam says

  Toronto's Iranian community is 'bleeding' from Wednesday's plane crash, imam says Scores of people gathered at the Islamic Iranian Centre in North York Thursday evening for a vigil to remember victims of Wednesday’s plane crash in Iran, which claimed 176 lives. The majority of people on board Ukraine International Airlines Flight PS752 — 138 passengers — were headed to Canada; and 63 were Canadian citizens.Dr. Kazem Moosavi, president and imam of the centre, said the Iranians in Toronto are filled with despair, disappointment and frustration. "We had a great loss in our community. The community is traumatized because of the loss of so many innocent people," Moosavi said.

Editor’s note: The opinions in this article are the author’s, as published by our content partner, and do not necessarily represent the views of MSN.ca or Microsoft.

People have been talking about the streaming era for so long that it’s hard to imagine the tipping point just happened. In 2019 the rate of Americans quitting cable went from steady slide to avalanche. TV ratings continued to tumble. The three biggest U.S. entertainment titans made the jump into original streaming video, as did Apple Inc.

It’s time to really, truly declare that streaming won. Winning, though, has never looked this bad.

No major subscription provider generates reliable profits from streaming video. The king, Netflix Inc., has borrowed $13 billion as the cash it spends on programming exceeds the fees it gets from subscribers. (Netflix is profitable on a noncash basis.) Walt Disney Co. says that Hulu, which it took over last year, won’t turn a profit until 2023 or later. HBO Max, which is launching this year, is forecast to be unprofitable through 2024. By most outsiders’ estimates, Disney+, Prime Video from Amazon.com, CBS All Access, Apple TV+, and YouTube TV aren’t paying for themselves.

Cerrone: McGregor's shoulder strikes 'threw me way off guard'

  Cerrone: McGregor's shoulder strikes 'threw me way off guard' Donald Cerrone says he was stunned by Conor McGregor's unorthodox attacks at UFC 246. "Cowboy" lost to McGregor by TKO in 40 seconds in the welterweight main event Saturday night in Las Vegas. McGregor blitzed Cerrone as soon as the opening bell sounded, landing several shoulder strikes - quite uncommon in MMA - and following up with a head kick and a barrage of punches. "I had never seen anything like that," Cerrone said of McGregor's shoulder"Cowboy" lost to McGregor by TKO in 40 seconds in the welterweight main event Saturday night in Las Vegas.

a close up of a logo: U.S. TV subscribers, year-over-year change* © Bloomberg U.S. TV subscribers, year-over-year change*

For now this streaming red ink doesn’t matter. Some companies such as Amazon and Apple care less about profits than selling shoes or smartphones. Plus, there’s no point in trying to maximize profits if a company is going to die in the streaming war.

The economics could eventually work. For the first time, companies control everything from words on a script page to pixels on a TV screen — and all the revenue they generate — vs. having to pay a distributor. Maximum control lets companies glean maximum profits from their creations. It also increases the risk if things go badly. Enjoy that Friends binge while you still can.

Related video: How the streaming wars changed Hollywood (provided by Newsy)

3 Quebec tourists injured in deadly van crash in Mexico

  3 Quebec tourists injured in deadly van crash in Mexico Three Quebecers from Alma were among more than dozen injured after a minibus went off the road on the Yucatàn Peninsula in Mexico. One person died in the crash, according to local media. A Quebec man was seriously injured, but his life is not in danger. His wife and nine-year-old son were also injured. "It was very serious," said Martin Tremblay, the man's brother-in-law. "There was internal bleeding in the abdomen and in the brain, and a bunch of broken ribs." "My brother-in-law is going to make it now. At first it wasn't sure," Tremblay said. "We just learned that this afternoon.

CONSCIOUS UN-CABLE-ING

The pace of cord cutting last year turned “even worse than freaking ugly,” wrote media analyst Michael Nathanson in a research note. The rate of people quitting cable- and satellite-TV network packages reached a high in 2019.

TOO MUCH OF A GOOD THING

Landgraf was off by at least three years. In 2015 there were 422 original scripted English-language series in the U.S. The number likely topped 500 in 2019.

—Ovide is a former tech columnist for Bloomberg Opinion

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Two teens dead in car crash southwest of Quebec City .
QUEBEC — Two teens have died in a car crash southwest of Quebec City. The accident happened late Thursday on an icy stretch of highway in the Lotbiniere region near the provincial capital. Quebec provincial police say the driver of a car heading west on Highway 218 lost control in a curve and struck an oncoming vehicle around 11 p.m. The two occupants of the car that lost control died in the crash while the driver of the other vehicle suffered minor injuries. Police say the victims, a boy and a girl both 17, were from Thetford Mines, Que. The accident took place between St-Lambert-de-Lauzon and St-Gilles and police say the roadway was icy at the time of impact.

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