After the initial bloom of new platforms and subscriber growth, the digital streaming industry has cooled — and Wall Street has turned up the heat.
Streaming was supposed to be forever. That was the promise of a digital library of movies and TV shows.cycling through titles, aware that as Hollywood studios launched their own streaming services, proprietary content would transition to a new platform.pulled content as part of planned tax write-offs tied to its merger, consumers seemed to accept the move as the cost of doing business.
After the initial bloom of new platforms and subscriber growth, aided by pandemic lockdowns and a surge of fresh content, the digital streaming industry has cooled. And Wall Street has turned up the heat on media companies, now focusing on if and when streaming will be profitable versus if those providers are putting up big subscriber numbers.
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