Streaming Wars on a Budget? How Hollywood Plans to Scale Back Content Spending | Chart

Entertainment chiefs signal plans to trim their projected $140 billion investment in new movies and TV shows

The Hollywood moguls who run the industry’s dominant streaming services sent out a surprising message in recent weeks: They all intend to slow down spending on exclusive new streaming series and movies.

Warner Bros. Discovery’s David Zaslav, Disney’s Bob Chapek, Netflix’s Ted Sarandos and Paramount’s Bob Bakish never met in person to discuss how to avoid runaway streaming spending to lure subscribers. They didn’t have to. Studio chief executives used quarterly earnings calls with Wall Street analysts to make their point.

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Joe Bel Bruno

Joe Bel Bruno

Joe Bel Bruno is TheWrap's Editor at Large, Business. He most recently served as the Founding Editor of the business news site dot.LA. He was previously the Managing Editor of Variety, and served as Deputy Business Editor and later Deputy Entertainment Editor at the Los Angeles Times. Bel Bruno also ran markets coverage for The Wall Street Journal. Before that, he was an award-winning reporter at the Associated Press in New York, and held senior posts in London and New York for Knight Ridder Financial.