Industry News

Expect fewer streaming platforms in few years, says strategist

4 April, 2023

Many people spend nights jumping from one streamer to the next — Netflix, HBO Max, Amazon Prime Video, Disney+, etc. — barely remembering which show streams where. But with Netflix losing some of its glow with subscribers and Wall Street, who are the leaders in streaming now? And with reports of massive layoffs and multi-million and billion dollar losses at Warner Bros. Discovery and Disney, is anyone making money?

In February, Warner Bros. Discovery announced it lost $217 million in streaming operating costs last quarter. That’s a decent loss compared to other media companies, such as Disney+ and Peacock who are losing upwards of $1 billion per quarter, says Brandon Katz, industry strategist for Parrot Analytics.

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