Streaming services for music make notoriously little money for musicians unless you are a top tier selling artist. It can take thousands of streams to get the equivalent revenue that an album purchase would give them.
I understand that movie streaming services (Netflix, Amazon Prime, etc.) have to pay rights to movie studios to be able to stream for movies but how does that revenue compare to the revenue they made from older business models where people rent movies in a physical or digital form?
In short, is the new streaming business model as bad for movie studios as it is for musicians? If not, what is the difference?