Warner Bros. Discovery Sees $2.1 Billion Loss in Q4 After Big Writedown; Ad Sales Tumble
variety.comSubmitted by Neo2199 t3_11a9aao in television
Jaguarluffy t1_j9qsuz9 wrote
Reply to comment by WordsAreSomething in Warner Bros. Discovery Sees $2.1 Billion Loss in Q4 After Big Writedown; Ad Sales Tumble by Neo2199
no - its harder to sell ads when cable tv is dying - literally every single tv company is facing the same problem
WordsAreSomething t1_j9qvqv0 wrote
It's still pretty easy to sell ads on cable for things that people watch though.
Jaguarluffy t1_j9qxs13 wrote
yes - but its a far smaller pool so advertisers are giving you far less money - unless you somehow find better ways to sell ads for streaming the struggle will continue
reddig33 t1_j9qus9x wrote
Why not both?
AgentElman t1_j9qynqr wrote
Except that cable companies are doing better than streaming.
Only Netflix makes money streaming. Everyone else is losing huge amounts of money.
formicatile t1_j9s43rd wrote
Which cable companies?
aw-un t1_j9rt8qm wrote
Hulu makes money
formicatile t1_j9s4cgt wrote
Does it?
aw-un t1_j9s561w wrote
formicatile t1_j9s7112 wrote
> Despite guidance from Disney that Hulu won't achieve profitability until 2023, Moffett estimates the that the streaming service has been profitable for the last two quarters
Doesn’t sound that cut and dry
Carl_Spakler t1_j9ss42i wrote
> Netflix makes money streaming
The company runs a negative cash flow business model.
It's borrowing huge amounts for content production that need to be paid back
yeroii t1_j9stbqj wrote
They report profits and revenue tho. They do make money.
Carl_Spakler t1_j9sure7 wrote
they play with the numbers bro
vitorgrs t1_j9rvz6u wrote
And Zaslav just loves cable tv... My impression is that he will stay as CEO for 3 or so years and leaves...
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