All of the steaming services with the exception of Netflix and possible Amazon are bleeding money. Disney + alone has lost $13 Billion since it started in 2019 and cannot get any traction to grow and add subscribers, in fact they are losing them in droves.
One of the sticking point in the WGA-SAG strike is residual payments, well without Ad revenue there is no extra money for those payments. So expect all of the Steaming Services to go to AD based platforms to some degree, which there will be a subscription fee or you can get a premium level for no Ads.
There is very little public sympathy for this strike and no one seems to really care. WGA has a terrible negotiating team right now and have no idea what they are doing and they have no Strike Fund to speak of. The Studios are now in the position of being able to cancel a number of projects as well as a lot of expensive production contracts and Deals with actors to save money.
The Rock just lost a lucrative production deal at one studio and Disney is cutting back right and left to save itself.
Hollywood is probably going to fundamentally change and maybe for the better. The DEI and Woke thinking is destroying them. Even the Comic books film are now failing on a massive scale. All of the studios are losing money especially Disney and Warner Brothers.
“All of the steaming services with the exception of Netflix and possible Amazon are bleeding money.”
I was expecting to have access to thousands of movies at any time. Instead, they have a few dozen available at one time. Really a ripoff when you consider the only overhead is data storage and server capacity.