Streaming services losing more than $5 billion in the past year

[claws]

Disney, Warner, Comcast, and Paramount are contemplating cuts, possible mergers. The world's largest traditional entertainment companies face a reckoning in 2024 after losing more than $5 billion in the past year from the streaming services they built.

Source: arstechnica.com

Obviously, streaming is not a good business. Even though Disney is phasing out DVD & Blu-ray in Australia and New Zealand, they are planning to increase physical media releases in America. Whatever makes more money for them I guess.

[Alex]

My view is that there is simply too many different streaming services. There seems to have been an estimation that people would just pay for everything going rather than just picking and choosing.

[Rev. Powell]

Good. Paramount, etc: license your stuff to Netflix, Prime or Hulu. Let's get everything in one or two places. People hated cable companies because they had to pay for channels they never used but they did have a point: it's cheaper for the consumer to bundle a bunch of stuff than to have to pay multiple competitors a la carte.