One question this column frequently asks is: Is streaming a good business? Malone’s answer, relayed by Moffett in a recent report, was a definitive “no.”“It’s a terrible business,” Malone said, according to the analyst. Paramount Global eked out a $26-million quarterly profit from its streaming operations, Paramount+ and free Pluto TV. Still, some observers caution that Netflix’s recent growth streak is likely to taper off. Discovery and its streaming business, composed of Max and Discovery+, isn’t anywhere near that.

Source: CNN October 08, 2024 14:23 UTC