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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[–] xyzzy@lemm.ee 11 points 1 year ago (1 children)

Somewhere at NBC there was an analyst who told the execs that this was a terrible idea that was going to lose a ton of money and the execs ignored that person and did it anyway.

[–] senkora@lemmy.zip 2 points 1 year ago

Well of course. Individuals in an organization are compensated based on “impact”. It doesn’t matter (at least for the first few years) whether the impact is positive or negative!