Comments by "Harry Mills" (@harrymills2770) on "Why Netflix is Collapsing: The Truth About Netflix's Empire" video.
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Netflix was great. You could wait a year and see any movie you wanted. Then the licensing dried up, because all the studios wanted to host their OWN streaming service, so Netflix lost out on being the dominant middleman for all movies and series everywhere. Cable and broadcast revenues are stagnant, at best, and all the networks and studios are very stingy about licensing their content to 3rd parties. They want All the revenue, and NONE of them, alone, can do it. Nobody's going to pay $20/month to 20 different streaming services.
Then Netflix and all the other media companies went on a mad dash to make enough content to be the Main Company people bought content from. The content got terribly diluted, with a shortage of good writers and directors. I'm not even hitting half the factors. Woke content is another factor. Covid was a factor. The steady convergence between what an independent can produce and a big studio can produce. The crazy "borrow money to make a movie" model of finance for movies.
I think we're going to enter a renaissance, as the old ways and the old systems of control wither and fray. As they should. There's just a war going on between old, new, and competing visions of what the new ought to look like.
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