Paramount revenue misses; cable, studio declines dull streaming gains | REUTERS
Paramount’s streaming side is growing, but its cable and studio businesses? Not so much. They didn’t make as much as expected this quarter. More people stream now. It’s a big shift for media companies, and Paramount’s feeling it, even with new subscribers.
Paramount like most of the movie studios is in trouble.
Hollywood is dead as I have written for more than a year.
Due to AI and Social Media?
That is due to the distribution channels being broken up. AI hasnt entered. People have more options of where to get information and entertainment.
Oh you mean their days of monopolizing the market is so over.