Technology
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It's incredible to watch them kill their own golden goose
Apparently it wasn't so much a "golden" goose.
They were all happy to let them run at below cost just gathering up market share.
Now they're trying to re-position to be profitable. Their subscriber numbers will definitely take a hit but they will have done the math.
Do you have any stats/resources that show that these streaming services are inherently unprofitable?
Sure, it's a fundamental concept of strategic management.