this post was submitted on 25 Dec 2024
1393 points (98.3% liked)

Greentext

4634 readers
1533 users here now

This is a place to share greentexts and witness the confounding life of Anon. If you're new to the Greentext community, think of it as a sort of zoo with Anon as the main attraction.

Be warned:

If you find yourself getting angry (or god forbid, agreeing) with something Anon has said, you might be doing it wrong.

founded 1 year ago
MODERATORS
 
you are viewing a single comment's thread
view the rest of the comments
[โ€“] frayedpickles@lemmy.cafe 1 points 20 hours ago* (last edited 19 hours ago) (1 children)

I can't prove the data wrong, but I will say it's not particularly uncommon for businesses to move money around in an effort to make new product seem better or more profitable than it is. Tons of incentives to do so, little reason not to.

Also since you quote revenue not profit, they were still net unprofitable as of 2023 https://www.hollywoodreporter.com/business/business-news/streaming-profit-report-netflix-disney-warners-paramount-nbcu-1235868631/

[โ€“] Gestrid@lemmy.ca 2 points 18 hours ago* (last edited 18 hours ago)

it's not particularly uncommon for businesses to move money around in an effort to make new product seem better or more profitable than it is.

Didn't Xbox do something like this? I heard they converted all remaining Xbox Live subscribers to Xbox Game Pass.