Warner Bros. Discovery Sees $2.1 Billion Loss in Q4 After Big Writedown; Ad Sales Tumble
variety.comSubmitted by Neo2199 t3_11a9aao in television
addictedtolols t1_j9ra8b1 wrote
Reply to comment by pm_me_reason_to_livx in Warner Bros. Discovery Sees $2.1 Billion Loss in Q4 After Big Writedown; Ad Sales Tumble by Neo2199
the streaming gold rush showed that none of them can beat netflix. in 3 years most of them will close up shop and go back to producing tv shows for netflix and making a few movies for theaters. i wont be surprised if disney shuts down disney+
Coz91 t1_j9rdy4f wrote
Is Disney+ losing a lot as well?
Radulno t1_j9ss63m wrote
Yeah a few billions per quarter too.
f_d t1_j9rxml4 wrote
They are, but I don't know how it compares with their long-term plans. Unlike Warner, they can afford to keep spending to overtake Netflix.
>Disney’s direct-to-consumer division, which also includes Hulu and ESPN+, on Tuesday reported an operating loss of nearly $1.5 billion, more than doubling its loss of $630 million during the same quarter a year earlier.
goliathfasa t1_j9sltlj wrote
Uhhhh why the downloadsvotes? It’s literally the truth.
yeroii t1_j9strof wrote
Because it goes against the hive mind.
SeanOuttaCompton t1_j9tfy7m wrote
You’re delusional if you think Netflix is surviving too
LovingTurtle69 t1_j9tsnat wrote
Netflix profited 4.5 billion in 2022. They are doing just fine.
GarlVinland4Astrea t1_j9tmff3 wrote
Netflix is profitable. Everyone else is wondering how much money they can justify throwing into a black hole and hoping other streamers die off to give them a boost. Netflix doesn't need that
WR810 t1_j9w2b15 wrote
Do you think Netflix is going bankrupt?
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