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Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world
Americas+1 212 318 2000
EMEA+44 20 7330 7500
Asia Pacific+65 6212 1000
Streaming Wars:
Blackstone Inc., Apollo Global Management Inc. and Bain Capital bet billions of dollars that services like Netflix would feed bottomless demand for Hollywood sound stages. They’re about to find out if they’re wrong.
New entertainment facilities are being built at a record pace and coming online just as producers like Walt Disney Co. face investor pressure to cut costs and show a profit from streaming. For sound stage owners, occupancy is down and leases are getting shorter.
Blackstone, Apollo Bets on Hollywood Tested by TV's Fade – Bloomberg
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