[forgottenpass]

>And people complain?

They're not competing against 20 years ago, the value proposition has changed. (Although 25 years ago there was "57 Channels And Nothin' On").

They're competing against a giant glut of content. Whats the marginal value in watching the latest hot Netflix show over everything else at my fingertips on the internet? Is there something inherently better about the 22-minute format? A movie's 3-act structure? Or a miniseries carefully crafted with plenty of plot climaxes but no plot resolution so you sit there and binge it? Do those shapes of entertainment earn a special place that commands a premium? Does the spectacle enabled by their production budgets?

I actually think they do have an edge, the social act of watching something together with people in the living room. But that's it.