Reported 6 months ago
The article discusses how streaming giants have made progress towards profitability in recent years through strategies like price hikes, ad-supported tiers, and crackdowns on password-sharing. However, most companies in the industry still struggle to make profits in their streaming divisions, with investors remaining cautious about the sustainability of these profits. Disney, Comcast's NBCUniversal, and Paramount Global are highlighted as examples of companies facing losses in their streaming units, while Warner Bros. Discovery has been one of the few to report profits. The article also mentions the challenges of transitioning from traditional linear TV to streaming services and the decline in linear ad revenue. It emphasizes the uncertainty surrounding the industry's future, including questions about profitability and the impact of new streaming bundles on consumer behavior.
Source: YAHOO