‘Shakeout has begun’ after $7.8b streaming loss for Netflix rivals
Michael Hansen 
Financial Times
5 mins to read
Peter Morgan, writer and showrunner of Netflix series The Crown. Photo / Jeremie Souteyrat, The New York Times
The world’s largest traditional entertainment companies face a reckoning in 2024 after losing more than $5 billion (NZ$7.89b) in the past year from the streaming services they built to compete with Netflix.
Disney, Warner Bros
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