Jason’s prediction was that there would be “massive consolidation” in streaming, leading to a materially smaller number of major services over the coming years (a multi‑year horizon beyond early 2024).

By November 30, 2025, we do see meaningful consolidation activity, but not yet a clear, large reduction in the number of major global streaming services:

• In India, Disney+ Hotstar and JioCinema were merged into a single platform, JioHotstar, eliminating JioCinema as a standalone service and creating a dominant joint venture (JioStar). (en.wikipedia.org)
• Paramount completed an $8.4 billion merger with Skydance in August 2025, with the new leadership planning to bring Paramount+, Pluto TV, and BET+ onto a single tech stack and to combine Paramount+ and Pluto TV into a single direct‑to‑consumer service, which would reduce the number of separate Paramount-owned streaming offerings once fully implemented. (reuters.com)
• Disney and Fubo agreed to merge Fubo with Hulu + Live TV under Disney majority control, creating a larger combined live-TV streaming operation, even though both brands remain available as separate offerings for now. (en.wikipedia.org)
• Major U.S. and global on‑demand services like Netflix, Disney+, Hulu (increasingly integrated into Disney+ but not yet fully merged at the product level), HBO Max/Max, Paramount+, Peacock, Apple TV+, and Prime Video are all still operating as distinct services and are actively marketed in 2025 Black Friday promotions and bundles. (theverge.com)
• Further large‑scale consolidation is being actively explored: Warner Bros. Discovery has begun a breakup and sale process, soliciting bids from Paramount Skydance, Comcast, and Netflix, with scenarios that could combine HBO Max with Paramount+ and reshape the competitive landscape, but these transactions have not yet closed. (reuters.com)

So far, the industry is clearly moving toward consolidation (corporate mergers, service mergers like JioCinema + Disney+ Hotstar, and deeper bundling and integration among U.S. players), but as of late 2025 there is not yet an unequivocal “massive” shrinkage in the number of major global streaming services Jason was talking about. Because his prediction explicitly refers to the coming years and that period extends beyond 2025, and because ongoing deals could still dramatically change the count of major services, it is too early to say whether his forecast of a materially smaller field of major streamers will ultimately prove right or wrong.