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by nabla9
1541 days ago
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Because increasing returns of scale combined with the increasing competition makes long-term profitability uncertain. Netflix is the only big streaming service that relies on streaming as the only source of revenue. Netflix has to spend huge sums every year on new programming to keep subscribers.
Disney/Hulu/ESPN/Hotstar, Amazon, Disney, Apple, Peacock, HBO Max, and YouTube plan to make deep cuts into Netflix revenue in the future. |
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