Dare Obasanjo on Nostr: This week Paramount and Warner Bros Discovery wrote down $6B and $9B respectively in ...
This week Paramount and Warner Bros Discovery wrote down $6B and $9B respectively in the value of their cable channels. 2.4M cable subscribers cut the cord in Q1 of this year.
The studios undermined cable TV by moving a lot of content to streaming only for it to be unprofitable.
Hollywood production staff are in for a tough few years as there’s now dual negative trends of people
https://www.axios.com/2024/08/09/cable-tv-business-paramount-warner-bros-losses abandoning cable TV and studios scaling back on the streaming wars to get to profitability.
Published at
2024-08-10 17:37:24Event JSON
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