Chinese video-sharing platform Bilibili restructures content units, bets on live streaming amid pressure to turn a profit
Inflation may be falling, but it's still a concern for households, and consumers are increasingly cautious about spending on entertainment. Recent research by Morning Consult, conducted among 2,203 US adults from March 2 to 4, 2024, reveals that while one-off entertainment purchases, such as movie tickets and books, were the first to be cut, recurring subscriptions, such as those to video streaming services, could be next in line.
Recently, streaming platforms such as Netflix and Disney have announced subscription price hikes and measures to curb the sharing of account passwords. A situation that is all the more worrying for streaming platforms when, for a third of Americans, SVOD platform content catalogs aren't worth the price.
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