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and its owned affiliates; linear cable networks and a minority stake in ESPN, a signal that the company may be ready to get out of legacy media to enter its next chapter. Streaming is also a major issue in the writers' and actors' strikes that have paralyzed Hollywood for months. The problem is that streaming remains unprofitable for most studios. Media companies have also been reluctant to share streaming viewership data, leaving investors and writers in the dark.
The city's long-planned regulations took effect earlier this month, requiring hosts to be present for stays of less than 30 days, with no more than two people staying in a dwelling at a time. Hosts must also register their listing with the city or face hefty fines. As a result, the travel industry website Skift estimatesshort-term listings in New York dropped 77% from June 4 to Sept. 10. That means many visitors are looking for other lodging options.
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