Disney and Paramount recorded their first streaming profits, a significant moment as traditional TV businesses continued to decline, emphasizing the ongoing evolution in the television industry.
Streaming profits for Disney and Paramount show a notable shift, with Disney earning $47 million and Paramount $26 million, contrasting sharply with their substantial losses in traditional TV.
Warner Bros. Discovery and Paramount reported significant writedowns on traditional TV, including $9.1 billion and $6 billion respectively, highlighting the urgent need to adapt to a changing industry.
Despite the emerging streaming profitability, traditional TV still outperformed, exemplified by Paramount’s $1 billion profit from traditional TV, vastly overshadowing their streaming success.
#streaming-profits #traditional-tv-decline #quarterly-earnings #media-industry-trends #television-evolution
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