Makes me wonder how Max was able to turn a profit. I know from advertising, but how was that able to offset the losses everyone else experienced?
Streaming Profitability Is More Than Just Subscriber Growth | AdExchanger
In the quest for profitability, streaming services are struggling to grow subscriber accounts and advertising revenue at the same time.
(And they spent a lot on Friends, South Park, ect.)
And this is three years ago---so just multiply the profits and factor in the new ad revenue on top:
‘Friends’ Is Already Looking Like It’ll Be HBO Max’s Crown Jewel
How ‘Friends’ gives HBO Max an immediate advantage.
It worked less well for Paramount than it did for Max because WBD raised the price of its ad-free tier to drive viewers to its ad-supported tier----where it gets both a monthly subscription fee from each household and ad revenue (which only gets better the more eyeballs you have).
Paramount+ was slow to raise the price of its ad-free tier because it hadn't hit the subscriber number it was looking for---so fewer of its customers opted to watch commercials. They simply weren't able to drive eyeballs and capitalize on ad revenue plus subscription the way Max was.
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