It’s nice to hear a big increase in spending and finally hear the amount of paid subscribers as opposed to just the people signed up for an account.
Seeing what just happened to Netflix’s stock because their subscriber growth slowed, I do have to think that this quasi-pyramid scheme of all these streaming services spending way more than they make each year is going to have to end at some point and I do think it will lead to some services merging together or shuttering.
Something I could very easily see happening is Peacock and Paramount+ merging, which would create a much more dynamic service with a much larger library and way more originals and the service being owned at a 50/50 split.
Peacock spending is different than Netflix because its NBCUniversal just buying content and deciding whether it should go to peacock, cable/broadcast, or sky similar to Disney. Whereas Netflix buying content can only go on netflix.