[PeanutCurry]

I don't know if it's really fair to blame Netflix for this one. There's no obligation to charge the minimal price for your product, just the minimal competitive price. As for content, Netflix was able to dominate streaming early on because nobody had realized how big the market was going to be yet. It's a lot harder to dominate the market with other people's content now because everyone is realize how valuable their contracts with Netflix were and are starting to pull the rights to stream their content in favor of hosting their own platforms which forces Netflix into the content creation business if they want to stay relevant. None of that is really Netflix's fault in isolation.

[noir_lord]

Hmm, I wasn't intending to blame Netflix, Netflix had an interesting model, the incumbents just choked them off when they saw how popular it was going to become (and in fairness to Netflix they saw it coming and hedge their bets with their first forays into original content which gave them both some ability to weather the storm and engage in cross-licensing deals with existing networks - the massive expansion was worth it imo but it's a race against time for them, can they get enough original content to justify the subscription as they lose content to license deals expiring and keep the users they have and grow enough to justify the costs, if they can they'll win, if they can't they'll blow a lot of cash and crater).

It's kinda a tragedy of the commons, they all want to be Netflix without realising that Netflix only works with a large back catalogue of content from multiple places.