I agree and they have already proved they couldn’t. They use to say that their investment in content will keep attracting users even when its not new - ie their library content has value.
But they admitted that they didn’t sign up as many new customers last quarter because they didn’t have big new releases to attract customers.
They are still taking on billions of debt for both licensing deals and to create new content while their major upcoming competitor - Disney+ - has multiple income streams from their content and most of the cost of content has been repaid multiple times by the time it reaches Disney+.
Streaming is also a feature and not a standalone product for Amazon, Disney, AT&T and even Apple. None of these companies live or die based on their streaming product, it’s just a check mark.
Netflix has a large catalog, but most of it is either crap or owned by other studios and networks. They are all taking their content back to start their own service.
But Disney seems to have all the franchises that everyone wants to see. Add to that the major broadcasters are also pulling content, it's not just Disney. NBC, ABC, CBS are all pulling their content from Netflix and creating their own Disney+-like competitors to Netflix. HBO never even put it on there (they have had HBO Go for a while).
But they admitted that they didn’t sign up as many new customers last quarter because they didn’t have big new releases to attract customers.
They are still taking on billions of debt for both licensing deals and to create new content while their major upcoming competitor - Disney+ - has multiple income streams from their content and most of the cost of content has been repaid multiple times by the time it reaches Disney+.
Streaming is also a feature and not a standalone product for Amazon, Disney, AT&T and even Apple. None of these companies live or die based on their streaming product, it’s just a check mark.