He ignores all counter points.
But the biggest one is the whole profitable thing.
Disney+ and ESPN+ are both expected to turn profitable in 2024, if it works out, it will take Disney+ 5 years/ESPN+ 4 years, but it took DirecTV 6 years, Netflix also, Dish/Amazon 9 years.
The other part of that he ignores, how did DirecTV become profitable, price increases and more subscribers.
How then will streamers become more profitable, hmmm, I wonder.
But at the same time, does not mean all streaming will be successful, Peacock/AMC are both dumpster fires, jury out on MAX.
Netflix, Disney are no brainers.
Paramount+ is the little engine that could, always gains, just read they are now expanding to Canada, Mexico and Australia, finally regained rights to programming in those countries that was licensed out
But Bruce, didn't you hear, if any of them fails (something you and I have both said will happen: failures, pivots, mergers) it's 'pop goes the bubble' all while pretending his chosen medium isn't making that deflating balloon sound much louder than the sound telling us everyone who wants Sunday Ticket already has it, or that nobody is waiting for streaming (while pretending it's not growing), or that we are saving pennies (as we save hundreds of dollars - but isn't a topic of virtually any of our posts)...
Stuff just doesn't add up, it's wild to see the points repeated even when demonstrably proven incorrect.