this post was submitted on 11 Jan 2024
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How Disney and Warner Bros. Are Causing Internet Piracy to Boom | Platforms like Netflix, Hulu, and Disney+ were supposed to do away with pirated media. Instead, they may make them stronger than ever. (www.thedailybeast.com)
submitted 10 months ago by L4s@lemmy.world to c/technology@lemmy.world
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How Disney and Warner Bros. Are Causing Internet Piracy to Boom | Platforms like Netflix, Hulu, and Disney+ were supposed to do away with pirated media. Instead, they may make them stronger than ever.::Platforms like Netflix, Hulu, and Disney+ were supposed to do away with pirated media. Instead, they may make them stronger than ever.

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[โ€“] Nommer@sh.itjust.works 0 points 10 months ago (1 children)

They are profitable. Just not profitable enough.

[โ€“] SuperSpruce@lemmy.zip 0 points 10 months ago

No, they actually aren't profitable.

From https://arstechnica.com/culture/2023/12/its-shakeout-time-as-losses-of-netflix-rivals-top-5-billion/

"Disney, the largest traditional media company, is in the midst of a gutting restructuring that has featured 7,000 job cuts and attacks from activist investors. It lost more than $1.6 billion from its streaming businesses in the first nine months of 2023, during which its Disney+ service gained 8 million subscribers. The company says it will turn a profit in streaming in late 2024."