Peacock (NBC) has lost almost 3.5 billion since the beginning of 2023
(media.scored.co)
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How is it possible for the streaming service to lose this much money?
It feels like some sort of accounting game where they are recharging lots of money for "rights to stream" legacy shows to the streaming service business unit. Thus all of NBC losses can be concentrated into one place?
I don't know this seems fishy as hell.
But fuck NBC, Comcast, Disney, etc.
Everyone wanted to get in on Netflix marketshare. It would be hard to get subscribers to pay for the stuff they were already getting on cable so studios spent billions on shitty streaming-only shows and movies trying to convince people it was worth spending $15/mo to subscribe to their shitty service. People figured out quickly that paying 20 shitty companies just to watch shitty shows was more expensive than they were paying for shitty cable. Cancel rates on these services has been huge, so the sunk costs of the streaming shows aren't being recouped.
Streaming in Australia outside of Netflix only survives because of live sports. Quite literally. Which is why Disney+ and such have been even more of a failure over here, when competing with local services (Stan, Kayo, etc)…
I can’t imagine how these services stand to make any money at all over there, without that element…
Financial fuckery at play.
Like the Rings of Power costing an estimated one freaking billion dollars, for what is written and executed like a Dragon Age fanfiction from a College art project.
That’s what legacy media is though, Amazon is just another comcast/GE/NBC or Disney/ espn/ abc/Hulu. Netflix is propped up by Black Rock and Soros. From top down it is financial fuckery to push an agenda.
Not sure how effective the agenda is when all it’s doing is pushing more and more people to hate anything the offending company produces.
They got used to the cattle acting like castle, and forgot most people just REFUSE to think under normal circumstances. They're fully capable of catching on to things when they don't benefit from it.
That jist gave me a thought. Is there a sweet baby inc for tv shows and movies? Maybe that billion went to the woke consulting firm that also doubles as money laundering.