Loeb Capital Markets & Corporate and Sports industry practice co-chair Arash Khalili is quoted in a Buyouts article discussing Blackstone, a leading global investment firm, and their decision to back high-profile TV and film production companies to create more content for both streaming and social media platforms.
According to the article, Blackstone is confident that the trend toward consuming content from streaming platforms is irreversible. “What’s happened during covid is that binge watching is at a whole new level; people are watching a lot more content. The demand is definitely increasing because folks the last few years are home all day,” Arash told the publication.
He went on to suggest that the hybrid work model adds additional fuel to the fire, “Many companies are embracing hybrid work so there will still be more content post-covid. The paradigm has shifted of late with higher quality content in these platforms.”