Tag: profitability

SiriusXM has announced a $200 million cost-cutting initiative and a strategic pivot to focus on its core automotive subscriber base, which comprises 90% of its customers. The plan includes reallocating resources from high-cost streaming audiences to prioritize vehicle-based subscribers, enhancing…

The CW, has laid off over two dozen employees across its publicity and programming teams as it pivots to a more profitable focus on live sports and unscripted content. This restructuring aligns with Nexstar’s strategy to cut programming costs by…

The Wrap report reveals that major streaming companies like Netflix, Disney, and Paramount are expected to reach a record $126 billion in content investment this year, according to Ampere Analysis. This surge is largely directed towards streaming, with $40 billion…

Fubo’s Q3 2024 report shows 21% revenue growth in North America to $377 million, with a 9% rise in subscribers and a 2.5% increase in ARPU. Its new Channels business aims to boost profitability through 5-20% revenue shares and reduce…

Over at StreamTV Insider, Kirby discusses the growing frustration among media companies over platform taxes and the loss of customer control due to third-party platforms like Apple and Roku taking a share of revenue. Disney’s move to eliminate in-app billing…

We evaluate how Crunchyroll’s partnership with Bango taps into indirect channels like telcos and banking apps to fuel global subscriber growth. This bundling strategy lowers acquisition costs and positions Crunchyroll for "Super Bundling," offering a profitable path forward in the…

Warner Bros. Discovery CEO David Zaslav expects Max to gain over 6 million subscribers this quarter, driven by a new bundle with Disney+ and Hulu, along with international expansion. He discussed the company’s focus on key franchises like DC and…

Peacock lost 500,000 subscribers in Q2 2024, reducing its total to 33.5 million, but increased revenue to $1 billion, up 28% year-over-year. The streaming service also cut its quarterly losses to $348 million from $651 million the previous year. A…

Streaming services saw a nearly 20% decline in original TV show releases in the first half of 2024, dropping from 452 in 2023 to 367. Disney+ releases fell 54%, while Paramount+ saw a 35% decrease. This decline results from the…

Netflix and other streaming giants are shifting towards profitability with slowing user growth and consolidations. Executives like Netflix's Ted Sarandos and Amazon's Mike Hopkins highlight trends of more ads, higher prices, and fewer prestige TV projects. The move towards ad-supported…