Streaming gains failed to offset cable subscriber losses in the media business.

Evidence

James Dolan, executive chairman of AMC Networks, upon announcing large-scale layoffs in late 2022, offered this blunt assessment: “It was our belief that cord-cutting losses would be offset by gains in streaming. This has not been the case … [and] the mechanisms for the monetization of content are in disarray.” — Andrew deWaard, Derivative Media, 317

Categorization

• SHARE: A precise insider quote confirming the streaming monetization collapse — good for anyone tracking media economics.