Again, why are we in a "transition"? No one is sitting around waiting for streaming to come to their town. Those that want it, have it. What we know is pretty certain.
- Some, but actually a relatively small minority, have gone "streaming only". Most of these people, over and over, want to tell you how much money they have.
- Most people, however, have taken streaming for what it is intended to be, a supplement. The best analogy to it is, it is what HBO or Showtime were in the 80s or 90s. It is a supplement.
- Because, unlike linear TV, these companies don't really tell us who is watching, its hard to tell, but when they do release things like "most popular" and give you the minutes watched (an odd way to figure, but whatever) and you do the math, its really not that many people for any one show.
- Linear television remains mega-profitable. The companies that provide it to us (Gray, Sinclair, NexStar, Hearst, etc. and especially the O&O divisions of the Big Four) are mega-profitable, and the idea that they are going away "in a few years" is just silly. The stock market says otherwise.
- Meanwhile, streaming services, with two exceptions, have never made a cent. Unlike DBS or cable, it really doesn't have a large upfront cost to amortize (the satellites or the cable and all of that) nor much in the way of upkeep (installers, repairs, etc.) No, streaming services actually have their customers paying for the delivery (via paying for the internet service) and paying for the equipment (smart TV, etc.). No, pretty much its only cost is content. Which does not really have a shelf life. More and more and more content. Produced at a loss. No one can answer the question "what does streaming have to do to make money", because no one knows the answer. More and more content. More and more losses.