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nayapapaya t1_iy7em5a wrote

Reply to comment by anodyne88 in Bob Iger Tells Disney Town Hall Hiring Freeze Still In Effect, No New Acquisitions Planned & Not Merging With Apple by HumanOrAlien

They lost over a billion dollars in one quarter from Disney+ so that might have something to do with it.

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anodyne88 t1_iy85ijp wrote

That seems strange to me. Did they make a bunch of shows and not get enough people to sign up? I thought they owned a lot of the content already.

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nayapapaya t1_iy8p2yn wrote

Streaming is just not really a profitable game, especially not with the massive amounts of money that the studios are pumping into these shows. Hollywood just got swindled by the subscribe subscribe subscribe model that every single thing seems to be applying these days but they did so by undermining and cutting into their traditional revenue streams - theatrical, physical media and selling the rights to television. There just aren't as many ways to make money off of one piece of media as there used to be.

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