Future Holds Oligopoly of 4 Streaming Giants, ‘Great Profitability’ and Price Increases, Says Jeff Sagansky

Media investor Jeff Sagansky predicted that the top four streaming companies are on the precipice of “great profitability” and have effectively formed a new entertainment oligopoly, even though dropping stock prices tell a different story.

“We are in the last stages of the formation of a new oligopoly, which is going to dominate TV and film consumption for at least the next decade,” Sagansky said of streaming giants Netflix, Disney/Hulu, Amazon and Max. “Together, these four streaming services are on the brink, I believe, of great profitability. Even if this transition has been hard – they all complain – but I think they’re on the verge of great profitability.”