Streaming services disrupt the media industry and job market

If you’re a red carpet addict with a love for cinema and television like me, you probably tuned into the Golden Globes on last week, and you may be counting down the days until the Oscar nominees are announced. Every year my family scrambles to watch as many TV series and movies nominated for these awards, taking our brackets as seriously as some take Fantasy Football.

Why the stark contrast?

This could be because Hulu is 30 percent owned by 21st Century Fox (though Fox is about to sell its share to Disney), 30 percent owned by Comcast, 30 percent owned by Disney currently, and 10 percent owned by Time Warner. Hulu’s original series are most likely produced by these stakeholder companies and affiliates exclusively. Netflix also co-produces much of its original material, but at the company’s completely in-house Netflix Studios. This, we conclude, could account for the growth in Netflix and the decline of new job listings at Hulu.

If you’re a filmmaker looking for work, Netflix is probably the best place to begin your search, but that certainly doesn’t mean Hulu or other streaming services are down and out. Regardless of which companies bring home the trophies this year, it’s clear that streamers are here to compete, and here to stay.