Wall Street Told Hollywood to Stream. Now It’s Changing Its Mind [Bloomberg]

Wall Street Told Hollywood to Stream. Now It’s Changing Its Mind [Bloomberg]

(Above) A display of various streaming services.

 

By Lucas Shaw

February 21, 2022 | After years of telling media companies to invest in new streaming services, Wall Street is no longer rewarding companies that brag about how much they are going to spend and how many subscribers they will have. Instead, it’s asking about profits and return on investment. We can blame some of this shift on Netflix’s results from earlier this year.

After years of telling media companies to invest in new streaming services, Wall Street is no longer rewarding companies that brag about how much they are going to spend and how many subscribers they will have. Instead, it’s asking about profits and return on investment. We can blame some of this shift on Netflix’s results from earlier this year.

Read more on Bloomberg ($).

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