Private Equity Turn Money-Losing Streamers into Money-Making Opportunity

For more crisp and insightful business and economic news, subscribe to The Daily Upside newsletter. It's completely free and we guarantee you'll learn something new every day.

If someone spends money, someone else has to make money. That is a simple calculation some private equity firms are applying as streaming services drop reams of cash in their relentless pursuit of viewers, with little apparent concern for the red color of their bottom lines.

Last year, firms were buying up billions in soundstages. This year, their target is the Hollywood production companies that create the content streamers buy to fight for the attention of billions of eyeballs.

Source Fool.com