r/movies • u/Vanderlyley • 28d ago

News Paramount Posts $286M Fourth Quarter Streaming Loss

https://www.hollywoodreporter.com/business/business-news/paramount-fourth-quarter-streaming-1236148263/
10.9k Upvotes

96% Upvoted

1.3k comments sorted by

View all comments

Show parent comments

38

u/Amish_guy_with_WiFi 27d ago

All they want is quarterly success. They don't give a shit about the long term

5

u/TheHeadlessOne 27d ago

Sure but they're struggling quarter to quarter anyways

2

u/FILTHBOT4000 27d ago

Well, obviously, they don't know how to achieve either, as per this post's title.

A huge amount of Hollywood studios are run by idiot executives that are wholesale carried by the talent they put money into, often in spite of the executives' intentions. There is an entire ecosystem built up (that has been somewhat slowly dismantled by various trends) to carry that weight.

Those executives obviously thought they could do the same with programmers, and without that ecosystem, just hired some randos on the cheap and said "Okay, make the magic happen!"