编者按：2025年，经济观察报以"我们的四分之一世纪"为年终特刊主题，旨在通过数十位时代亲历者的 故事，共绘一幅属于这段岁月的集体记忆图谱。 上世纪九十年代末，在深圳市一个简陋的厂房里，几张大桌拼成工作台，台上散落着VCD零件，几个 工人在低头忙碌。陈泽锋的父母——一对刚从金融危机的挫折中走出来的夫妇，就是在这里开启了他们 的制造之路。 上述场景，是改革开放早期中国制造粗放增长年代里微小而典型的开局。 2025年12月10日，中山市翠亨新区，窗明几净的现代化厂房里，自动化产线平稳运行，机械臂精准作 业。陈泽锋——当年那对夫妇的儿子，如今彩迅工业（中山）有限公司（下称"彩迅中山"）的总经理， 正在开启新的远征。 当天，陈泽锋向经济观察报回顾了一个香港普通家庭，在过去的四分之一世纪里，跨越香港、深圳、中 山三地创业与接班的故事。 香港危机、深圳机遇 1997年，亚洲金融风暴重创香港，陈泽锋父母在尖沙咀经营的餐厅也未能幸免。转让店铺后，他们带着 所剩资金北上深圳。 时值VCD（影音光碟）产业正热。陈泽锋的父母在深圳宝安租下场地，摆开几张桌子，购入材料、雇 请人手，一个小作坊就此运转。 创业维艰，从生产到送货、收款， ...

云包场、收官礼，线上玩法多元 剧集云包场依然是今年平台拉新的重要手段，云包场模式最早兴起于电影营销，2023年长视频平台将其引进到剧集宣发领域，在今天云包场已经演变成诸 多大剧、爆剧吸引更多路人粉加入的重要手段。 因会员收入超越广告营收成为视频平台的第一大收入，会员增长一度被长视频平台押宝，如今，各平台也陷入了会员拉新越卷，增长越难的境遇。 根据最新数据显示，腾讯视频会员数出现小幅下降，爱奇艺自去年三季度开始宣布不再公布会员数，长视频会员增长由激进整体转入到瓶颈期。这是由多 重原因导致，免费短剧抢占了更多用户时长，剧集上新数量与爆款作品整体减少，以腾讯视频为例，2024年腾讯视频接连推出《与凤行》《繁花》《玫瑰 的故事》《庆余年2》等多部S+评级的大剧，来到2025年，腾讯视频虽然播出了《折腰》《六姊妹》《许我耀眼》等多部爆款作品，但是其在市场声量上 远低于去年的作品。 不过，在这样的环境中也有视频平台会员规模能够持平甚至攀升，根据芒果TV最新披露的数据显示，其有效会员数超过7300万，芒果TV在2024年末公布 的会员数为7331万，创下历史新高，芒果TV今年的会员数可以做到与去年持平甚至更高，另外，根据B ...

Core Insights - Tubi has achieved profitability in 2023 by attracting younger audiences willing to watch ads, positioning itself as a strong competitor in the streaming market [1][7] Streaming Market Dynamics - Tubi accounted for 2.1% of total streaming minutes in November, surpassing platforms like Peacock and HBO Max, while YouTube remains the leader [2] - The rise in streaming costs has led consumers to seek cheaper, ad-supported options, with many canceling subscriptions rather than cutting cable [3][4] Audience Demographics - Nearly 60% of Tubi's audience consists of millennials and Generation Z, with a significant portion being multicultural [5] - Tubi has over 100 million monthly active users and streams 1 billion hours of content each month, compared to Netflix's 300 million subscribers [4] Content Strategy - Tubi enhances its library through licensing and produces original content on a smaller scale, including airing NFL games [6] - The platform offers over 300,000 titles, with a notable focus on horror content, boasting the largest collection in that genre [11] Financial Performance - Tubi reported a 27% revenue growth for the fiscal quarter ending September 30, driven by an 18% increase in total view time [7] - Fox's stock has risen over 40% this year, contrasting with the performance of other media stocks amid market uncertainty [8] Competitive Positioning - Tubi differentiates itself by being 100% ad-supported, unlike other platforms that offer ad-supported tiers [15] - The platform's viewer engagement is higher, with 95% of users actively choosing what to watch, making them more receptive to advertisements [14] Targeting Younger Audiences - Tubi has launched initiatives like "Tubi for Creators" to attract younger viewers and has signed deals with popular YouTube creators [17][18] - The platform has successfully engaged younger audiences with content like "Sidelined," which has attracted nearly 20 million viewers [19][20]

Are you anything like me spending hours and hours and hours scrolling Netflix. Then you got to hear about these secret Netflix codes. >> Now I am become death.>> No, no, no. Not those kind of codes. These are basically categories or genres stuff that your algorithm doesn't want you to know about.Now you might be wondering where do I find all of these codes. Well, check them out at www.netetflix-codes.com. There are over 245 of these codes. Not all of them work, but you can find some good ones.And apparently ...

Core Viewpoint - Netflix is pursuing the acquisition of certain assets from Warner Bros., including HBO and HBO Max, which has raised antitrust concerns, particularly in light of comments from President Donald Trump [1] Group 1: Acquisition Details - Netflix intends to acquire Warner Bros.' film and television studios along with HBO and HBO Max, while Warner Bros. will retain its cable assets [1] - Paramount Skydance has made a hostile bid, claiming it is the only company likely to gain regulatory approval for the acquisition [1] Group 2: Market Analysis - As of the end of 2024, Netflix held approximately 21% of the U.S. streaming market, slightly below Amazon's Prime Video at 22% and behind Disney+ and Hulu, which together account for 23% [3] - The acquisition could potentially increase Netflix's market share to over 34% when combined with HBO, which currently holds 13% of the market [5] Group 3: Regulatory Approval Outlook - Netflix's Co-CEOs argue that the streaming market is broader than perceived, including platforms like YouTube, which holds a 13% market share [6] - The Warner Bros. board has recommended shareholders reject Paramount's bid, viewing it as inferior to Netflix's offer, which has an enterprise value of nearly $83 billion [8] - The U.S. Federal Trade Commission's definition of monopolization suggests that a company with less than 50% market share is not typically considered a monopoly, which supports Netflix's position [9] Group 4: Competitive Landscape - Netflix faces significant competition from Amazon Prime and Disney/Hulu, indicating that consolidation in the streaming industry is likely to continue [11] - Current market indicators suggest a high likelihood of approval for Netflix's acquisition, with Warner Bros. Discovery's stock trading slightly above Netflix's offer of $27.75 per share [13]

Hollywood's biggest night is going to a streamer. The Academy of Motion Picture Arts and Sciences announced on Wednesday that YouTube will hold the global rights to the Oscars from 2029 through 2033.While that means they'll no longer be broadcast on ABC starting in 2029, the Oscars will continue to be available for free worldwide — just on YouTube and YouTube TV. As part of the partnership, red carpet coverage and other behind-the-scenes content from before the award show is also included. The news comes ...

and you guys will uh will join in this as well. But certainly very happy to have Greg Peters, the co-CEO of Netflix, join us now on a morning in which of course their deal to acquire uh Warner Brothers Discovery has been reaffirmed essentially by the Warner board. You heard from Sam Dipazo ear uh just a little while ago uh right here.Greg, great to have you with us this morning. Thank you. Um >> good to be here.love to start with antitrust because it has been one of the key risks seen for both your deal and ...

Core Insights - YouTube TV is projected to reshape the U.S. television landscape, with forecasts indicating it will surpass Charter and Comcast in paid TV subscribers by 2027, marking the first instance of a virtual pay-TV provider taking the market lead [2] - YouTube TV has evolved into a comprehensive pay-TV package, integrating linear channels, premium networks, and iconic sports events, positioning itself as a new face of U.S. pay-TV [2] - YouTube's global reach, with nearly 3 billion users, provides it with a unique strategic advantage in the media ecosystem, far surpassing competitors like Netflix [3] U.S. Streaming Market Overview - The U.S. streaming market is highly fragmented, with even the largest single service, Netflix, accounting for only 15.7% of total SVOD subscriptions [4] - The market is transitioning towards hybrid services that combine linear TV, premium channels, live sports, user-generated content (UGC), and on-demand content, with YouTube TV expected to lead in the U.S. pay-TV market [5] Subscriber Data - Current subscriber counts include: Charter with 11.4 million, Comcast with 10.6 million, and YouTube TV with 9.3 million, projected to grow to 10.4 million [6] - Other streaming services' subscriber counts include: Netflix with 88.7 million, Amazon Prime Video with 64.7 million, Disney+ with 55.8 million, Paramount+ with 49.4 million, and HBO Max with 29.7 million [7] Industry Trends - There is increasing pressure for consolidation in the industry, with significant interest in Warner assets, reflecting the ongoing demand for scale, quality IP, and global distribution [8]

Core Viewpoint - Warner Bros. Discovery (WBD) plans to sell Warner Bros. Pictures, DC Studios, and HBO Max to Netflix, creating a significant player in the streaming and production industry, which may attract antitrust scrutiny from the Department of Justice (DOJ) [1][4]. Group 1: Potential Benefits of the Merger - The merger could lead to an expanded content library for Netflix subscribers, offering bundled services with HBO Max at lower prices, and is expected to generate annual cost savings of $2-3 billion by the third year [3]. - A stronger competitor against media giants like Amazon and AppleTV could emerge, as recent antitrust rulings highlight the importance of scale for competitiveness in digital markets [4]. - The combination of Netflix's user-targeting algorithms with WBD's intellectual properties may allow for the development of AI tools that can create content without infringing on copyrights [5]. Group 2: Antitrust Concerns - Netflix's history of exclusive content and limited theatrical releases raises concerns that it may restrict content availability for rival streaming services and theaters, potentially leading to higher prices [6]. - The DOJ may find it easier to block the merger if it can demonstrate that Netflix-WBD would control 30% of the market, which would be considered presumptively anticompetitive [7]. - The market for "video-on-demand" subscription streaming services is expected to include major players like Amazon, Hulu, and Disney+, with Netflix and HBO Max estimated to hold a combined market share of 35% based on viewing hours [8]. Group 3: Alternative Perspectives - Netflix and WBD may argue for a broader definition of the entertainment market, which includes ad-supported video and social media, potentially lowering their market share [9]. - Courts may consider the merger's impact on competition, and Netflix-WBD could negotiate with the DOJ by committing to theatrical releases of future WBD content, although such agreements can be complex to enforce [11]. - WBD's shareholders might also consider Paramount's offer, which could present a lower market share of 26% and may face fewer antitrust challenges due to Paramount's support for theatrical releases [12][13]. Group 4: Consumer Impact - The outcome for consumers will depend on whether the merger limits competition and leads to higher prices or reduced quality and innovation, with the government entitled to intervene if evidence supports such claims [14].

Core Insights - OpenAI's ChatGPT has become the highest downloaded free app in the U.S. Apple market in 2025, surpassing traditional popular applications like social media and search tools [1][2][3] Group 1: App Rankings - According to Apple's annual app and game download rankings, ChatGPT is the top free app for iPhone in the U.S., while Google's Gemini ranks tenth [2] - This marks the first time ChatGPT has topped the rankings, having previously ranked fourth in 2024, when the shopping app Temu held the top position [2] Group 2: User Behavior and Market Trends - ChatGPT's rise to the top indicates that AI has become an essential part of daily life for U.S. users, as it outperformed essential tools like social networks and Google Maps [3][4] - The lower ranking of Google's app compared to ChatGPT suggests a shift in user preference towards AI chat tools for answers, indicating OpenAI's potential to disrupt Google's stronghold in the mobile search market [4] - Earlier in the year, ChatGPT was already showing signs of becoming the top app, having been the most downloaded app globally in March, surpassing TikTok and Instagram [4] Group 3: Performance on Different Devices - On the iPad, YouTube ranks as the top free app, with ChatGPT following closely in second place, indicating its popularity across both mobile and tablet devices [4]