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The ongoing streaming wars may help to fuel recovery in Los Angeles’ office market. The streaming wars began before the pandemic disrupted the market earlier this year. The phrase came from the rollout of new streaming services, like Disney+, and the expansion of other staples, like Netflix. The pandemic has only fueled the war between streaming services, and it could spell good news for the office market in L.A., which has been impacted by the pandemic.

“The streaming wars are far from over, especially after viewership counts skyrocketed following shelter-in-place mandates,” Bill Bloodgood, executive managing director and agency market leader at Newmark, tells GlobeSt.com. “Disney reported it had over 100 million streaming video subscribers in August and plans to launch a new streaming service under its Fox-acquired Star brand.”

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Kelsi Maree Borland

Kelsi Maree Borland is a freelance journalist and magazine writer based in Los Angeles, California. For more than 5 years, she has extensively reported on the commercial real estate industry, covering major deals across all commercial asset classes, investment strategy and capital markets trends, market commentary, economic trends and new technologies disrupting and revolutionizing the industry. Her work appears daily on GlobeSt.com and regularly in Real Estate Forum Magazine. As a magazine writer, she covers lifestyle and travel trends. Her work has appeared in Angeleno, Los Angeles Magazine, Travel and Leisure and more.

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