Layoffs and Cost Cuts Usher in a New Era for Streaming
Netflix thrived during the post-recession boom. Where does streaming go during a recession?
The first contraction of the streaming wars has begun. After years of spending more money every year on original programming, the world’s largest entertainment companies are rethinking their approach.
Netflix has said it will limit growth on content spending, and just fired about 150 people. Disney trimmed about $1 billion from its programming budget for this year. Warner Bros. Discovery chief David Zaslav is already killing costly projects.