It’s “shakeout” time as losses of Netflix rivals top $5 billion - eviltoast
Disney, Warner, Comcast, and Paramount are contemplating cuts, possible mergers.
    • Kepabar@startrek.website
      2·
      1 year ago

      As a Star Trek fan, I dread it.

      Unfortunately Paramount is not turning a profit fast enough. So it’s almost inevitable. They’ve made good progress though.

      Q3 losses were at a quarter of a billion a quarter.

      Last year Q3 losses were half a billion a quarter.

      So the deficit has been halved but that’s still a billion a year in losses they have to somehow plug.