this post was submitted on 29 Aug 2023
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I guess the lesson is that Netflix was always doomed the moment the companies that actually produce and/or own all the content realized how lucrative streaming could be. They were only as successful as they were because they had no competition.
On top of what ShustOne said, I would argue that they have know this for over 10 years and was the reason they created Netflix originals starting with House of Cards.
The business articles about how companies like Disney and others that "that actually produce and/or own all the content" are struggling to compete kinda suggests otherwise though.