It’s not all glamour in Hollywood. Yes, the global box office rose 12 percent in 2025 to $33.6 billion, but domestic revenue only edged up 1 percent to $8.7 billion, and the business remained well below pre-COVID pandemic levels. What’s more, the profit picture for the film divisions of legacy entertainment conglomerates last year wasn’t rosy across the board either.
Sony and the belle of the recent bidding ball, Warner Bros., posted profit growth for the calendar year 2025 before Paramount struck a deal to acquire it and the rest of Warner Bros. Discovery, while other Hollywood studio giants recorded profit declines. And Paramount, for its part, even reported a widened loss.
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Netflix, meanwhile, wrapped up 2025 with more growth, as well as bullish commentary that its dropped bid for Warners wouldn’t derail its momentum ahead.
In its annual studio profit
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