Streaming services such as HBO Max, Starz, Showtime, and others have recently been removing their original shows from their libraries as a cost-cutting measure. While these companies may be saving money, critics argue that this practice is sidelining already marginalized voices and shortchanging creatives out of already slimmer residual paychecks.
The Reasoning Behind the Move
Removing original shows from their libraries serves as a way for these companies to obtain tax write-offs and reduce residual payments.
This move is part of their efforts to cut spending and turn a profit, rather than chasing growth at all costs. While it may seem harsh to some, these companies are trying to balance ample offerings with sheer survival.
Defending Their Actions
Streaming companies are defending themselves by saying that they never promised that shows would live forever. Moreover, customers have gotten used to hopping among apps to hunt down titles that bounce between them. Streamers are under no obligation to host shows for years, which can be a disadvantage for creatives who rely on residual income.
The Impact on Creatives
The decrease in residuals has caused concern among creatives, who have already witnessed a decline in their residual income over the years. The removal of original shows from streaming libraries could have a notable effect on their income and hinder their career development.
Some creatives argue that this practice sidelines already marginalized voices, which further limits their chances of success in the industry.
Push for Profitability
Streaming companies are being pushed to cut spending and turn a profit. This pressure is being felt across the industry, and the trend of removing original shows from libraries is not unique to one particular streaming service. This move may not be popular with creatives, but it is one way that streaming services are trying to stay afloat and compete in an increasingly crowded market.
What This Means for the Future of Streaming
The streaming industry has seen significant growth in the past few years, and the pandemic has only accelerated that trend. However, as the industry matures, companies are being forced to make tough decisions to stay competitive. The removal of original shows from libraries is just one example of the trade-offs that companies are making to balance growth with profitability.
Streaming services removing original shows from their libraries is a cost-cutting measure that is causing concern among creatives and some viewers. While these companies are trying to stay afloat and turn a profit, critics argue that this move sidelines already marginalized voices and shortchanges creatives out of already slimmer residual paychecks. While it remains to be seen what the long-term impact of this trend will be on the industry, it is clear that the streaming market is becoming more competitive, and companies are being forced to make difficult decisions to stay relevant.
