We're going to see a lot of changes like this as the legacy media structure continues to lose its hold on the global attention budget. There will be multiple layers of major consolidation, and dramatically reduced budgets.

Fortunately, the variety of content will increase, and some of it will be higher quality than the average big media piece, as smaller teams create passion projects. Overall budgets will shrink, but advances in technology will (hopefully) allow the production quality to stay relatively high.