It has taken a few years, but more legacy Hollywood studios’ streaming businesses have started turning annual profits, with the rest touting progress toward that goal.
Netflix, crowned on Wall Street as the undisputed king of streaming, grew its subscribers, revenue and profit in 2024. Meanwhile, among studios — which have been refocused on streaming profits after their initial bullseye on subscriber gains — Warner Bros. Discovery last year managed to multiply a small 2023 profit for the business that includes, among others, its streaming operations, while Disney swung to its first-ever full calendar-year streaming profit. And Comcast’s NBCUniversal and Paramount Global narrowed the losses in the divisions with their core streaming businesses with an eye on profitability ahead.
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Boosting the bottom lines were such factors as more selective spending on original programming, price increases and a push of cheaper subscription tiers that include advertising. “Netflix
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