this post was submitted on 23 Jan 2025
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You have to understand that streaming itself was NEVER going to make a profit.
In all likelihood, Netflix spent more dough on producing their own series (not even movies lmao) than it ever brought in.
This was the expected end game. "Invest upfront money" get your pick of the market, and then you can raise prices.
For people coming from 100-200 usd cable invoices, when Netflix launched, 10 USD a month for a big catalog, that was great! 10 years later the catalog is not that big, and the prices are raising
I think paramount and HBO are the only ones with actual revenue, because they already owned their content, they don't need to make anything new. They are pretty mid tho, not like Netflix or Disney
Well congrats to them I guess. The industry coordinated to recreate cable and its reviving the piracy that affordable streaming cut way down on back in the day.