[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.