Industry analyst predicts just three major film studios by 2023

‘They have to save margins and merging is the best way to do that.’

A drastic reduction in the number of Us majors by 2023 was one of the notable predictions to emerge from Banff Connect La, the annual event staged in Los Angeles by the Banff World Media Festival.

An estimated audience of 250 attended the panel discussion and networking event on Tuesday (February 27), designed as a taster for the festival itself, the 39th edition of which is set for June 10-13 in the Canadian mountain resort of Banff.

During the panel session – on the theme of ‘TV in 2023: Deconstructing the disrupted future’ – NBCUniversal affiliate and ad sales executive vice-president Jay McNamara stressed the effect of what he described as “the emergence and rapid uptake of the on demand services – particularly Netflix and Amazon – around the world.”

McNamara continued: “They’ve in many ways opened up new competition for content; in many ways, because they are now
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