Streaming technology has allowed people to spend much more time watching entertainment than they did in the past. Normally, a big increase in the use of a product also increases the profits of the companies that make that product. Disney’s stock price has fallen more than half from its 2021 peak, and the company fired its C.E.O. Shares of Paramount Pictures’ parent company are worth less than they were 25 years ago. Warren Buffett recently described streaming as a particularly difficult environment in which to make money.

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Persons: Warren Buffett, Jonathan Mahler — Organizations: Paramount Pictures, Times Magazine, Warner Brothers, Hollywood Locations: Hollywood