The Impact of Streaming on the Hollywood Industry

Netflix lost subscribers for the first time since it started making its own content, leading to more than 50 billion dollars evaporating in a single day. A senior executive at a major streamer told Vulture Wall Street that actually profitability is the only metric. Max Disney plus Paramount plus Hulu ended up purging entire series from their libraries for tax savings and some slash shows that had already wrapped production on full unaired seasons.