45 upvotes, 2 direct replies (showing 2)
View submission: Paramount Posts $286M Fourth Quarter Streaming Loss
Crappy service with crappy content loses money. News at 11.
Comment by Kriss-Kringle at 09/03/2025 at 02:44 UTC
33 upvotes, 4 direct replies
It'd not just them. Streaming in general doesn't turn a profit, but everyone is doing it and once aboard the train they feel like they have to keep pushing, even though it's a bad business model.
They removed revenue sources by shortening the theatrical run of a film, then skipping home media due to the convenience of streaming, but it also raises the use of piracy since people aren't in a rush to see something while it's in theaters if it will show up on streaming in 2-4 weeks tops.
It's one of the dumbest models I've ever seen and a big reason why the film industry is in such a mess right now.
Netlix is the exception to the rule and that mainly has to do with Disney announcing they will remove their library from that platform back in 2017 in order to create their own one.
That forced Netflix to invest heavily into their own IPs and since then they've produced so much media that you'd need two lifetimes to see everything that's on there.
They're way ahead of the curve and other studios can't compete if they're already losing money like crazy.
Comment by Omnitographer at 09/03/2025 at 02:57 UTC*
1 upvotes, 0 direct replies
Aside from Star Trek I've never been pulled to watch anything on it, I only keep the subscription going because a friend and I have been watching our way through the back catalog of Star Trek. They would have been much better off continuing to make things for syndication, let another service like Amazon, Apple, or Netflix carry their content and put up some money towards new things. Sony for example has made or been involved with some amazing content in partnership with other networks, they are making profit on their revenue and while it may not be huge it's certainly more than the negative amounts of money other production companies which do have streaming services are making.