Legacy media companies like Disney , Warner Bros.
Netflix was the first streamer to report a loss in subscribers in 2022, sending its stock and other media companies spiraling.
Media companies also have begun slashing content spending budgets.
Yet streaming remains the focus for all of these companies as consumers rapidly cut the cord and opt for streaming.
Legacy media companies scrambled to follow suit, unsure if the model actually worked.
Persons:
Mario Tama, it's, Steven Schiffman, NBCUniversal, Bob Iger, Ken Solomon, Solomon, Marc DeBevoise, John Hodulik, hasn't, —, Hulu —, Peacock, Max —, HBO Max, — Ryan Murphy, Shonda, Kenya Barris, David Benioff, Weiss —, Jonathan Miller, Shonda Rhimes, Presley Ann, Patrick McMullan, Bart Simpson, esports, DeBevoise, Peter Csathy
Organizations:
Netflix, Getty, North, Georgetown University, Legacy, Disney, Warner Bros, Discovery, Paramount, Media, Marvel, Tennis Channel, Sinclair, Companies, UBS, CBS, HBO, Max, Hulu, Integrated Media, Trek, Universal Studios Television, Getty Images Disney, Wars, Fox, Hollywood's, Creative Media, Charter Communications, ESPN, & $, + +
Locations:
Los Angeles, North American, J.J, Abrams, Kenya, Beverly Hills , CA, Georgetown