🌞 Good afternoon. Welcome to our 16th members-only executive briefing. Today, we dive into the state of the streaming wars and how major entertainment companies are reevaluating their strategies.
Our newsletter, edited by Christine Wang and copyedited by Katie Lewis,is 2,484- words, a 9.5-minute read. Sign up for our weekly Media Trends newsletter.
Photo illustration: Brendan Lynch/Axios. Photo: Stephane Cardinale/Corbis via Getty Images
Data: Company filings; Note: ViacomCBS rebranded as Paramount Global in 2022 and later combined with Skydance in 2025; Warner Bros. Discovery was created from the merger of WarnerMedia and Discovery in 2022; Chart: Danielle Alberti/Axios
