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Recently, during ’s Q4 Earnings Report for the end of the 2022 fiscal year, the general public learned where gained revenue and where it lost income.
For example, did you know that Hurricane Ian cost the $65 million? It’s true!
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For another example, + cost the $4 billion during the fiscal year. With numbers like that, it makes sense for leaders to try anything to save money, including a price hike and the introduction of advertisements for non-premium users. But those aren’t the only tactics leaders have used.
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Allegedly, Bob Chapek had + originals debut on the Channel instead of the in an attempt to make it look more profitable than it really was.
According to a report made by The Wall Street Journal, series such as The Mysterious Benedict Society (2021) and Doogie Kameāloha, M.D. (2021) were credited as + originals. Still, they were shown on the Channel before being placed on +.
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This was done very deliberately, as it took the costs from + and placed them elsewhere, which makes the look more successful than it is. That being said, this practice is primarily a gamble and even made The ’s chief financial officer, Christine M. McCarthy, “concerned.”
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Unfortunately, the attempt to pinch pennies with this method didn’t work out as well as expected, and + isn’t projected to be profitable until 2024’s fiscal year.
