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Streaming wars drive media groups to spend more than $100bn on new content, most at a loss
https://www.ft.com/content/ae756fda-4c27-4732-89af-cb6903f2ab40
From the Financial Times:
The top eight US #media groups plan to spend at least $115bn on new movies and #TV shows next year in pursuit of a video #streaming business that loses money for most of them.
The huge investment outlays come amid concerns that it will be harder to attract new customers in 2022 after the pandemic-fuelled growth in 2020 and 2021. Yet the alternative is to be left out of the streaming land rush.
Most of the companies — a list that includes The Walt Disney Company , Comcast , WarnerMedia and Amazon — are set to rack up losses on their streaming units. Including sports rights, the aggregate spending estimate rises to about $140bn.
But the fact that even the industry leader must invest heavily to churn out shows and keep pace with competitors has caused some investors to ask whether video streaming is a good business.
Netflix is set to spend more than $17bn on content next year — up 25 per cent from 2021 and 57 per cent from the $10.8bn it spent in 2020. The company expects to break even and become free cash flow positive in 2022.
“The market is increasingly concerned there is no pot of gold at the end of this rainbow”, the bank’s analysts said.
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DDS textures – DirectDraw Surface container file format
The DirectDraw Surface container file format (uses the filename extension DDS), is a Microsoft format for storing data compressed with the previously proprietary S3 Texture Compression (S3TC) algorithm, which can be decompressed in hardware by GPUs. This makes the format useful for storing graphical textures and cubic environment maps as a data file, both compressed and uncompressed.
en.wikipedia.org/wiki/DirectDraw_Surface
The DDS format was developed by Microsoft to be used with the DirectX SDK for the development of real-time rendering applications, particularly 3D games. The format is primarily used to store model textures, mipmap levels, and cubemaps in 3D video games.
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Google’s ’20% rule’ shows exactly how much time you should spend learning new skills, and why it works
“We encourage our employees, in addition to their regular projects, to spend 20% of their time working on what they think will most benefit Google,”
- Identify Specific Skills: Clearly define the skill you want to learn. Focusing on one specific area rather than spreading yourself thin across multiple subjects helps in achieving faster and more noticeable improvement.
- Seek Value in Every Effort: Even if a project doesn’t lead to immediate success, look for the minimum benefits such as learning new techniques, gaining exposure to different fields, or networking. This ensures your time is never wasted.
- Stay Flexible and Committed: Be disciplined in protecting your learning time, but also flexible enough to adjust when urgent tasks arise. The key is consistency, not a rigid schedule.
- Make it Enjoyable: Incorporate fun elements into your learning process. This could be through interactive methods like working with friends, enjoying relevant media, or engaging in creative projects.
- Think Long-Term: View your learning as a long-term investment. Small, consistent efforts compound over time, leading to significant improvements and opportunities in the future.
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