It’s “shakeout” time as losses of Netflix rivals top $5 billion

Ars Technica
By Financial TimesDec 28, 2023, 10:25 am170 pts
Enlarge (credit: Aurich Lawson / Getty Images) The world’s largest traditional entertainment companies face a reckoning in 2024 after losing more than $5 billion in the past year from the streaming services they built to compete with Netflix. Disney, Warner Bros Discovery, Comcast and Paramount—US…

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