In the age of the streaming wars, not everyone is going to win. Heck, given what happened in 2022, it's easier to imagine that almost everyone is going to lose, what with Netflix losing so much of its value and HBO Max getting caught in Warner Bros. Discovery's extreme cost-cutting measures. Somewhere in the middle of the pack is Peacock, NBCUniversal's big streaming play controlled by Comcast. The company reported its fourth quarter 2022 earnings recently and, safe to say, they are a long (long!) way from Peacock becoming a profitable venture for them.
Per CNBC, losses attributed to the streaming service totaled 2.5 billion in 2022, which was actually in line with expectations put forth by Comcast. That number includes 978 million worth of losses from the fourth quarter alone. What's more -- and what hurts the most -- is that the company said it expects losses to total 3 billion for Peacock...
Per CNBC, losses attributed to the streaming service totaled 2.5 billion in 2022, which was actually in line with expectations put forth by Comcast. That number includes 978 million worth of losses from the fourth quarter alone. What's more -- and what hurts the most -- is that the company said it expects losses to total 3 billion for Peacock...
- 1/27/2023
- by Ryan Scott
- Slash Film
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