YouTube Bows Out of Hollywood Arms Race With Netflix and Amazon

The retreat from direct competition with Netflix Inc. and Amazon.com Inc.’s Prime Video service reflects the high cost — in billions of dollars — needed to take on those deeply entrenched players, even for a rich tech giant like Google. YouTube generated more than $15 billion in ad sales last year without a huge slate of glitzy productions and concluded its money is better invested in music and gaming.

Source: YouTube Bows Out of Hollywood Arms Race With Netflix and Amazon

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