News Summary

• Over the past 12 months, streaming rates have collectively risen 11.8 percent.
• The biggest year of increase was 2023, when the streamers shot up an average of 17.7 percent.
• A Hollywood Reporter analysis of Bureau of Labor Statistics data shows cable and satellite prices, by comparison, rose an annual average of 3.9 percent.
• With growth saturated, media giants have started shifting their attention to mergers and consolidation.
• That means even more price hikes to pay off debt, significant layoffs, and corner cutting that results in lower-quality overall product.