THE IMPACT OF STREAMING SERVICES ON FILM DISTRIBUTION STRATEGY
Oleksandr Bugela , Film and TV producer, Los Angeles, California, USAAbstract
This article examines the changes brought by streaming services to the film industry, becoming a crucial component of the media economy. With the onset of digitalization and the growth of streaming, cinema has moved beyond traditional distribution channels. Platforms such as Netflix, Disney+, and HBO Max have transformed the content distribution model, offering users access to extensive libraries of movies and series through subscription-based or ad-supported models. The interdisciplinary approach of this article allows for an exploration of the economic, sociocultural, and technological aspects of this transformation. The study discusses innovations in recommendation algorithms, personalized content offerings, and original productions that have become defining features of successful streaming services. Examples of adaptive strategies include the creation of exclusive content and the incorporation of ads into subscription models, attracting new audiences and driving revenue growth. The research findings confirm that despite the audience's continued interest in traditional cinemas, streaming services retain significant potential for expanding their customer base, particularly in the context of globalization and shifting consumer habits. The article concludes that streaming has become an integral part of the modern film industry and a key driver of its future growth.
Keywords
Film industry, streaming services, cultural impact
References
Benner, M.J. Changing the channel: Digitization and the rise of “middle tail” strategies / M.J. Benner, J. Waldfogel // The Strategic Management Journal : electronic journal. – URL: https://onlinelibrary.wiley.com/doi/abs/10.1002/smj.3130?casa_token=n_YWIbmUf3gAAAAA:TkZmXqCLn4vndgqsa4U_9RI3P0ZscKarPvD0oP4Xm6-lf-J3sgS_fJORFO0TT3NMvXK1YxRMmFDoqvctLOg. – Date of publication: 2020.
Hollywood studio filmmaking in the age of Netflix: a tale of two institutional logics / A.L. Hadida, J. Lampel, W.D. Walls, A. Joshi // Journal of Cultural Economics : electronic journal. – URL: https://link.springer.com/article/10.1007/s10824-020-09379-z. – Date of publication: 2020.
Irfandianto, M.E. From Cinema to Small Screen: The Revolution of Film Distribution with OTT Streaming / M.E. Irfandianto, A.Q. Suprapto // International Journal For Multidisciplinary Research : electronic journal. – URL: https://www.semanticscholar.org/paper/From-Cinema-to-Small-Screen:-The-Revolution-of-Film-Irfandianto-Suprapto/7534123161ce073fc09f6b27da4fbbebac410205. – Publication date: 2024.
Øfsti, M. More local, more risky, more studio-like: How Norwegian film distributors adapted their strategies to the streaming age / M. Øfsti // Journal of Digital Media : electronic journal. – URL: https://www.semanticscholar.org/paper/More-local,-more-risky,-more-studio-like:-How-film-Øfsti/21da0f65319cee088c63e8e9780b2892f95d8ae7. – Publication date: 2023.
Su, W. The platformization of China’s film distribution in a pandemic era / W. Su // Chinese Journal of Communication : electronic journal. – URL: https://www.semanticscholar.org/paper/The-platformization-of-China’s-film-distribution-in-Su/64d5428a99d52ba3f75449d0e203fb1812791224. – Publication date: 2022.
Tang, W. Streaming media business strategies and audience-centered practices: a comparative study of Netflix and Tencent Video / W. Tang, M. Wei // Online Media and Global Communication : electronic journal. – URL: https://www.degruyter.com/document/doi/10.1515/omgc-2022-0061/html. – Publication date: 2022.
Tao, Y. Investigation of the Impact of New Media on Movie Advertising / Y. Tao // Interdisciplinary Humanities and Communication Studies : electronic journal. – URL: https://www.semanticscholar.org/paper/Investigation-of-the-Impact-of-New-Media-on-Movie-Tao/cbb77d09b5a49127a27d8431da349a9e2a45fd1d. – Publication date: 2024.
Ulin, J.C. The Business of Media Distribution / J.C. Ulin. – New York : Routledge, 2019. – 606 p.
Xie, D. From incipience to status quo: Development from theater to streaming / D. Xie // Scholarly Review Journal : electronic journal. – URL: https://www.semanticscholar.org/paper/From-incipience-to-status-quo:-Development-from-to-Xie/29603a2d04c3b1fe958a34b23f67d57d129b8960. – Publication date: 2024.
Article Statistics
Copyright License
Copyright (c) 2024 Oleksandr Bugela
This work is licensed under a Creative Commons Attribution 4.0 International License.
Authors retain the copyright of their manuscripts, and all Open Access articles are disseminated under the terms of the Creative Commons Attribution License 4.0 (CC-BY), which licenses unrestricted use, distribution, and reproduction in any medium, provided that the original work is appropriately cited. The use of general descriptive names, trade names, trademarks, and so forth in this publication, even if not specifically identified, does not imply that these names are not protected by the relevant laws and regulations.