ST Alpha - "Peacock sucks, but are any streaming services or streaming divisions of companies profitable yet (besides Netflix)? -- nm" (Reading a Post)

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In response to "Another quarter, another $614 million lost to the pointlessness of Peacock. -- nm" by David

Peacock sucks, but are any streaming services or streaming divisions of companies profitable yet (besides Netflix)? -- nm

Posted by Inigo (aka Inigo) Oct 27 '22, 11:09

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Responses:

During Netflix's most recent earnings call, the person speaking (can't remember who) explicitly stated they're the only profitable major. -- nm - David Oct 27, 11:28 2
- Thanks! I would think Hulu probably is, too. But wouldn't be counted as a major, but as part of Disney as a whole. -- nm - Inigo Oct 27, 11:32 1
  - oh this is interesting. I hadn't thought of that. -- nm - judge amanda jones Oct 27, 11:32
not that i'm aware (and the cost of competing with Netflix is only going to keep going up for all of them) -- nm - hollywood big shot Oct 27, 11:18 2
- To be clear, I'm not saying streaming can't be profitable. Just that it takes years to get to profitability. Disney is still losing tons of money. -- nm - Inigo Oct 27, 11:21 1
  - Disney will update in 10 days, but Chapek's most recent remarks indicated the worst losses end now. It's supposed to break even in 2024. - David Oct 27, 11:35

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