It takes a lot of money to launch at such scale. But these losses are staggering considering how much content they own, and the number of subscribers they have. I wonder what their subscriber numbers are, and if they are churning and burning people out - not just those in protest but just those who don’t want to continue their subscriptions because they don’t care for the content.
Personally I like Netflix business model best. They don’t try to string you along by releasing one episode a week trying to get you to stay a subscriber for 3 months in a row. They put it all up and let you binge. The flip side of that is, you run out of content to watch faster and maybe you drop it and don’t come back until months later.
Ultimately though, too many services competing. Disney should have a big advantage given that they own what is it, 8 studios and have 70+ years of content in their vault? Plus ESPN and other stuff. But maybe it’s all just too much money for people, or maybe they are just spending too much to produce content. No wonder the studios are at war with writers and actors right now. They thought they would be raking it in hand over fist. Now they see they have to cut budgets a heck of a lot. Probably should consolidate all their services into one stream, and shutter a bunch of offices. No need for Hulu, Disney and ESPN to be separate subscription services. Just bundle them all, consolidate all their management.
All I need is ESPN. Better yet, the SEC network. I hope they spin off ESPN for the cash.
Maybe this is break-up time. Spin off Disney Legacy, say everything before 1970. Spin off ESPN. Keep Disney LGBQTP. They should concentrate on their core competency, perversion.
It shouldn’t be hard to spin Disney perv. as a growing market. It would be good to shed the extraneous divisions and diversions. The press would lap up this brilliant business move. They might even make a song:
Bob Iger, Bob Iger,
Brave courageous and bold.
Long live his fame and long live his glory
and long may his story be told.
All the services have been throwing huge sums of money at content, but so much of it is crap stuff. No quality control at all. People tired of that, also the big problem I have heard about is service jumping. People subscribe to a service to see a specific series and when they finish they drop the service and go somewhere else. I have been doing that for a long time. I have no real loyalty to any streaming service at all.
So I am not tying up a lot of money on a month to month basis.