The Streaming Wars’ Second Act: A Look at the Profitability Revolution
Let’s be honest, the first act of the streaming wars was a bit of a farce. It was a mad dash for growth, a land grab where companies threw billions at the wall, hoping to sign up every man and his dog, profitability be damned. To me, it always felt like a party that was destined for a spectacular, cash-burning hangover. Well, the aspirin has been handed out, and the industry is finally waking up to a simple truth: a business needs to actually make money.
This shift from "growth at any cost" to "profit at a reasonable cost" is, I think, the most compelling story in media today. It’s creating a new set of streaming investment opportunities for those paying attention.