Is streaming really a 'terrible business?' It depends whom you ask

  • 📰 latimes
  • ⏱ Reading Time:
  • 19 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 82%

Business News News

Business Business Latest News,Business Business Headlines

Anyone can see how disruptive streaming has been for TV distributors. But it's a different story for other players like Netflix, even as the industry faces continued challenges.

One question this column frequently asks is: Is streaming a good business? The answer depends on whom you ask. Craig Moffett, a prominent Wall Street media analyst, recently queried John Malone, the 83-year-old billionaire media tycoon who helped shape the modern cable TV industry. Malone's answer, relayed by Moffett in a recent report, was a definitive “no.” “It’s a terrible business,” Malone said, according to the analyst.

’s ‘Dateline’ adds Blayne Alexander to its true crime crew Disney faces class action lawsuit over employee data breach Walz-Vance debate draws 43.1 million viewers, down from 2020 OpenAI raises $6.6 billion in funds at $157-billion valuation CBS News says Trump is dropping out of ‘60 Minutes’ interview Crowd-pleasers are generally good business for Hollywood.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 11. in BUSİNESS

Business Business Latest News, Business Business Headlines