Media And Entertainment Giants Shift Focus To Profitability As Streaming Subscriber Growth Slows

The big media and entertainment companies, including Disney, Netflix, and Warner Bros. Discovery, are no longer focused on aggressively chasing significant growth in streaming subscribers. Instead, their focus has shifted to making their streaming services profitable. Disney+ recently reported a loss of 4 million subscribers during the first quarter, while Netflix added 1.75 million subscribers, pushing its global total to 232.5 million. As streaming growth slows, the industry may need a new growth story, with gaming emerging as a possible candidate. Netflix has launched a fledgling video game service, while Comcast and Microsoft have also shown interest in the gaming industry.