Peacock Gains 3M Paid Subscribers To Hit 44M Total But Its Losses Widen To $552M Over Costs Of New 10-Year NBA Rights Deal As Comcast Gears Up For NBC’s ‘Legendary February’ Sports Trifecta
Peacock Gains 3M Paid Subscribers To Hit 44M Total But Its Losses Widen To $552M Over Costs Of New 10-Year NBA Rights Deal As Comcast Gears Up For NBC’s ‘Legendary February’ Sports Trifecta
The thing with streaming platforms is that they need a “critical mass” of subscribers to even turn profit. For example, Paramount’s premium streaming platform, (the lazily-named) Paramount+ has almost twice as many subscribers (79.1M by [their last quarterly result, released on November 10th](https://ir.paramount.com/static-files/53c82d68-0e50-45cf-a8b9-3023c5ce9cc7)), and they barely make a profit. Ironically, their PlutoTV platform (FAST: Free, Ad-supported Streaming Television), is actually quite profitable because its programming centers on already-amortized films, series, etc…
Something similar happens with other companies that have both premium and FAST streaming platforms.
knucklesny on
this whole media system is on borrowed time, a huge collapse is coming.
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The thing with streaming platforms is that they need a “critical mass” of subscribers to even turn profit. For example, Paramount’s premium streaming platform, (the lazily-named) Paramount+ has almost twice as many subscribers (79.1M by [their last quarterly result, released on November 10th](https://ir.paramount.com/static-files/53c82d68-0e50-45cf-a8b9-3023c5ce9cc7)), and they barely make a profit. Ironically, their PlutoTV platform (FAST: Free, Ad-supported Streaming Television), is actually quite profitable because its programming centers on already-amortized films, series, etc…
Something similar happens with other companies that have both premium and FAST streaming platforms.
this whole media system is on borrowed time, a huge collapse is coming.