Kintaro said:
Has streaming site/video content site or sites of this nature ever made a profit? A sustainable profit year or year? Or are they all just operating in the red?
Sure, Hulu made 100+ million this year.
The problem here is that the old media guys have the basic premises of why people like services like Hulu in the first place completely wrong.
A) The difference between $5 and $6 and Free and $1 isn't the same thing.
B) The appeal of Hulu isn't "watch TV shows online," it's "Watch TV shows online for free."
The only way a subscription plan/etc. is going to work vs. the status quo is to make the subscription service that much better. i.e. Streaming to actual televisions, available right after airing at the resolution of the viewers choice. The problem with that, of course, is that what we're talking about something that's inherently better than cable is.
The concept of all television/serial programming becoming essentially on-demand is pretty much wave of the future, in my opinion, but I think we all have our doubts that what's being discussed here is anything other than charging money for the same shit we get for free.