this post was submitted on 10 Aug 2023
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Netflix was the canary in the coal mines. Now I suspect we will see most if not all streaming services to follow in the coming months/year.
I'm not an economist, but what is the endgame here? Eventually, in their ideal delusions, every household has their own subscription. How do they intend to fuel growth then? Just more price increases? I don't understand this extreme capitalism. Can't a business just be happy to be profitable? Why do they focus so much on indefinite growth like some kind of tumor?
I know what you mean. Their DVD rental service is profitable, but they are killing it at the end of September anyway. I suppose it makes the CEO feel like a big shot to be able to say, "Sure it's making money, but I don't care about pocket change."