Spending on Streaming Content to Flatten: MoffettNathanson

Streaming service spending on content, after two years of double-digit growth, is likely to flatten this year, MoffettNathanson Robert Fishman wrote investors Tuesday. He said as companies shift the focus away from subscriber growth and toward profitability, industry content spending will likely stay relatively flat or even start declining. Wall Street increasingly is questioning "whether streaming is a good business" and companies "are no longer willing to spend whatever it takes, in part because attitudes and strategies have shifted and rationalized, but also because their balance sheets no longer have what it takes," it said.