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Re: Streaming services news, offers and general chit chat
The streaming bubble continues to deflate...
Quote:
Shares in Paramount dropped by almost 30 per cent after the company reported a billion-dollar quarterly loss and slashed its dividend, illustrating the challenges weighing on Hollywood as it pivots to streaming.
The studio behind the Top Gun movies reported a net loss of $1.1bn in the quarter, including a $511mn operating loss in its streaming business unit.
Investors have soured on Hollywood’s streaming revolution over the past year, slashing the valuations of the world’s largest entertainment companies.
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https://www.ft.com/content/ee203df2-...6-80b629dd81da
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