Yo_Mama_Been_Loggin
Yo_Mama_Been_Loggin's JournalTraditional TV 'past the point of no return' as viewership hits record low
Traditional TV viewing is falling off a cliff.
According to the latest data from Nielsen, linear TV viewership fell below 50% in July for the first time. Broadcast and cable each hit a new low of 20% and 29.6% of total TV usage, respectively, to combine for a linear television total of 49.6%.
Time spent streaming (via a television) increased 2.9% in July compared with June, according to the data, to reach a record of 38.7% of total TV usage. YouTube (GOOGL), Netflix (NFLX), and Amazon Prime Video (AMZN) all saw month-over-month viewership increases of 5.6%, 4.2%, and 5%, respectively, in July.
"Linear TV [is] past the point of no return," Macquarie analyst Tim Nollen wrote in a note to clients on Monday, adding the revenue line for cable and satellite operators is "probably permanently negative" as pricing fails to drive upside while TV advertising growth stalls.
https://finance.yahoo.com/news/traditional-tv-past-the-point-of-no-return-as-viewership-hits-record-low-191100458.html
I'm going to cancel cable soon and go to streaming service as soon as I get my internet speed upped.
Starbucks nears rollout of time-saving 'Siren System' in stores
Starbucks Corp. (Nasdaq: SBUX) is getting closer to debuting its Siren System, the back-of-house technologies aimed at reducing time it takes to brew drinks and prepare food.
First debuted at the company's investor day in September, the time- and labor-saving system is the main piece of the Seattle coffee giant's $450 million effort to streamline store operations. It is set to begin rolling out to U.S. coffee shops in the third quarter of 2023, head of North America operations Sara Trilling said during Tuesday's call with investors.
"These stations have already shown measurable impact on both productivity as well as throughput," Trilling said. "We're quite bullish on them."
Tuesday's call was led for the first time by new CEO Laxman Narasimhan. The longtime consultant and former Reckitt CEO emphasized efficiency, pledging to drive profit margins by streamlining operations, from simplifying the types of cups and lids Starbucks buys to the way it brews coffee.
https://www.bizjournals.com/seattle/news/2023/05/02/laxman-first-earnings-call-siren-system.html
So now that things are more efficient can you start paying your employees a decent wage?
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