Wall Street Journalさんのインスタグラム写真 - (Wall Street JournalInstagram)「Consumers are winning from the streaming revolution but across most of Hollywood, the businesses churning out TV and movies are losing. ⁠ ⁠ Services such as Netflix, Disney+, Paramount+ and Max have become the default entertainment options for homes across America rather than cable, saving many consumers money. ⁠ ⁠ For the titans of Hollywood, that shift has been costly. Traditional media and entertainment companies have reported losses of more than $20 billion combined since early 2020 on their direct-to-consumer streaming businesses. Netflix, which brings in profits, is an exception, but the rest of the industry is wondering: While consumers love streaming, is it actually a good business?⁠ ⁠ Investors now care about profitability rather than growth, a change that makes finding new revenue streams and retaining customers critical. Studios that for years were able to splurge on content to feed viewers’ insatiable appetite for new shows and films now must pull back to make the math work. The ad market is weakening, many companies have laid off staff to save money and Hollywood writers are on strike.⁠ ⁠ A slowdown in growth has prompted a new chapter of austerity in which many studios are reining in content spending and weeding out underperforming shows and films in their streaming libraries. Warner Bros. Discovery and some of its rivals have purged catalogs as a cost-cutting measure. ⁠ ⁠ This new, leaner entertainment environment was taking shape before the Hollywood writers’ strike. Now, the strike is interrupting productions and causing studios to pull back on ordering new series. ⁠ ⁠ Read more at the link in our bio.」7月9日 9時00分