Episode 84: Decoding Q4 Earnings From Apple, Amazon and Alphabet; Lumen Shuts Down CDN; More Industry Layoffs Coming

This week, we discuss the key takeaways from Q4 earnings across OTT platforms and streaming vendors, including Apple seeing a "huge opportunity" with AI, YouTube's 15% ad revenue growth, and AWS closing out 2023 with $90.8 billion in cloud revenue. We discuss new numbers released by Amazon, which spent $18.9 billion on content in 2023, of which "approximately $7 billion" was spent on Amazon originals and live sports.  We also highlight the latest pay TV losses from Charter, nearly 1 million Xumo Stream Boxes deployed, Plex's new round of funding, and Harmonic's update on the strategic review process of its video business. As Lumen officially shuts down its CDN and sells off some assets, we detail the history of its CDN business and its contributions to the industry over the years. Finally, we discuss why 2024 is going to be a much worse year for layoffs across the video industry, including streaming, pay TV, vMVPDs, broadcasters, and content owners. Podcast produced by Security Halt Media