[stcredzero]

Old media is still producing the content. Netflix doesn't own lots, or cameras, or catering trucks.

Those aren't the the part of old media that people are dissatisfied with. Who decides what gets produced? How do advertisers affect the decisions? Isn't that what is changing? Also, aren't the decisions at that level what viewers tend to be dissatisfied with?

[kinofcain]

it's certainly great news that studios can make money producing high quality content.

But this isn't Netflix producing high quality content while the studios lose out. It's Netflix paying the studios for quality content.

[redial]

Old media in this context is the distribution channel.