Hollywood’s Elusive Goal This Year: Streaming Profits

The Hollywood Reporter‘s Global Business editor, Georg Szalai explores Hollywood’s quest for streaming profitability during the recent earnings season. Notable companies like Comcast’s NBCUniversal, Paramount Global, and Disney have made strides in reducing streaming losses and gaining subscribers. Warner Bros. Discovery is the sole company reporting a streaming profit for the first nine months of the year. Despite challenges like declining TV subscriptions and ad revenue, analysts express optimism with reservations. While some declare Netflix the streaming winner, others predict a turnaround for major studios, foreseeing consistent profitability within 18 months. Ampere Analysis anticipates studios earning $1-2 billion EBIT annually from streaming by 2028, with Disney being expected to lead.