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Subscribergrowth

All articles tagged with #subscribergrowth

business1 year ago•6 min saved

Paramount's Streaming Success Overshadowed by TV and Film Challenges

Paramount Global reported a $49 million profit in its streaming unit for the third quarter, marking its second consecutive profitable quarter, driven by a 3.5 million increase in Paramount+ subscribers. Despite this, the company anticipates a loss in the fourth quarter due to content and marketing expenditures. Paramount's Filmed Entertainment unit also returned to profitability, aided by reduced expenses. Overall, Paramount's total revenue declined by 6% to $6.73 billion, with a focus on cost-saving measures to achieve sustained streaming profitability by 2025.

via Hollywood Reporter|

#business #costreduction #financialresults

business-and-technology2 years ago•4 min saved

"Streaming Evolution: Price Surges, Industry Shakeup, and the 2024 Transformation"

The streaming industry is shifting from a high-spending, loss-making model to a more sustainable "streaming model 2.0" after a slowdown in subscriber growth post-pandemic. Netflix has rebounded by cracking down on password sharing and introducing an ad-supported tier, doubling its UK subscriber additions in a year. Disney+ and Amazon Prime Video, however, have seen a decline in new subscribers. Disney is cutting costs and has resumed licensing content to Netflix, while Warner Bros Discovery is also licensing more content to rivals. The market is maturing, with slower growth expected, and companies are realizing that despite new strategies, compelling content remains essential for attracting and retaining subscribers.

via The Guardian|

##business-and-technology #contentisking