The growth-at-all-costs phase of the streaming wars is over; now, profits are the priority.

Faced with slowing subscriber growth in their core domestic markets, some streaming services are shifting their focus from adding users to growing their bottom line. The result is that streamers like Walt Disney Netflix and Warner Bros. Discovery are each doing some combination of slashing costs, raising prices and creating new ad-supported tiers that offer content at lower prices to consumers but also establish a new revenue stream for the companies.

This post first appeared on wsj.com

Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like

China’s Exports Strengthen, Despite Covid-19 Disruptions

BEIJING—China’s exports unexpectedly expanded at a faster clip in August, shrugging off…

Tequila Bottles Found on New Boeing Air Force One Jet

Two empty liquor bottles were found this month on one of Boeing…

Join Us in Miami! Love, Masters of the Universe

MIAMI — America’s business leaders, freed from the office, looked around the…

EU Proposes Ban on Russian Oil Imports, Sending Prices Higher

BRUSSELS—The European Union proposed a ban on imports of Russian crude within…