this post was submitted on 28 Dec 2023
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It’s “shakeout” time as losses of Netflix rivals top $5 billion | Disney, Warner, Comcast, and Paramount are contemplating cuts, possible mergers.::Disney, Warner, Comcast, and Paramount are contemplating cuts, possible mergers.

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[–] stolid_agnostic@lemmy.ml 13 points 11 months ago* (last edited 11 months ago) (12 children)

See 10 years ago it was ALL in Netflix and everyone was happy. Studios got to get passive income and we only needed one service. Then the business bros got greedy and decided they needed more money and exclusivity while spending millions to stand up their own inferior services.

[–] HobbitFoot@thelemmy.club 3 points 11 months ago (11 children)

Netflix 10 years ago also got amazing deals because most studio executives didn't understand streaming and just saw it as some additional money on top of broadcast, DVD, and syndication. Those revenue streams are mostly gone.

[–] TwilightVulpine@lemmy.world 3 points 11 months ago (2 children)

It's so good when executives and investors don't get new stuff, so they don't come along to squeeze every single penny out of it and choke it to death.

[–] HobbitFoot@thelemmy.club 1 points 11 months ago (1 children)

Maybe, but I still want good new stuff.

And it isn't like executives and investors won't still get rich on making new stuff, they will just cheaper and shittier new stuff.

[–] TwilightVulpine@lemmy.world 1 points 11 months ago

These folks don't get satisfied simply making a lot of money, they want to always make more money than before, and that inevitably leads them to sabotage whatever was good about the products they make.

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