Movies and TV Shows

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Universal's streaming service Peacock Lost $651 Million From April to June, expected to lost $3 Billion in 2023 (www.indiewire.com)

submitted 1 year ago by fuckReddit@infosec.pub to c/moviesandtv@lemmy.film

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Peacock finished the second quarter of 2023 with 24 million subscribers.

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[–] HobbitFoot@thelemmy.club 1 points 1 year ago

They aren't subscribing to them all.

The problem is that cable and broadcast revenue has started shrinking as more people cut the cord. So you have streaming as the future of television, but no one really knows what that looks like outside of Netflix and people who got fired from HBO Max.