[echelon]

> ad revenue and data mining

Ad spend will go down when companies have less to sell.

> I think that streaming services will not do well.

Entertainment does well in time of recession. People want to take their minds off their problems.

Most people do not know how to pirate films. Piracy won't be a huge deal.

Netflix is losing out to Disney and HBO. Traditional media caught up and pulled the plug, and great content has never been a core part of Netflix's DNA. They're more algorithmic than taste makers, and unfortunately they've got a low dimensional projection of what people really want.