974
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
this post was submitted on 18 May 2024
974 points (98.9% liked)
Technology
59983 readers
2102 users here now
This is a most excellent place for technology news and articles.
Our Rules
- Follow the lemmy.world rules.
- Only tech related content.
- Be excellent to each another!
- Mod approved content bots can post up to 10 articles per day.
- Threads asking for personal tech support may be deleted.
- Politics threads may be removed.
- No memes allowed as posts, OK to post as comments.
- Only approved bots from the list below, to ask if your bot can be added please contact us.
- Check for duplicates before posting, duplicates may be removed
Approved Bots
founded 2 years ago
MODERATORS
There's not enough guaranteed margin in a single combined streaming and production house to feed the employees, investors, and media moguls.
None of these companies are being outright assholes (well not more than normal). The business model is simply not sustainable and they're doing whatever they can to slow the inevitable collapse. We're producing 10 times the content we used to produce, and the revenue from the streamers is nowhere near enough to cover the bills.
What?
Why would you use the gross numbers that don't include the price of making the movies?
Netflix is in reasonably green but it's the only one
Disney Plus is still in the red if you include their ESPN streaming.
Warner/discovery/max is barely in the green at 100 million.
Revenue in Q4 grew 12% year over year, to $8.83 billion, higher than Netflix’s previous forecast due to favorable foreign exchange rates and “stronger than anticipated membership growth,” the company said. Net income was $938 million, or $2.11 per share.
I'll give you the silver star for participation award. Now you want to talk about how they're the only truly profitable company or does that straight too far from your agenda?