6 ms·

Old media tried to kill them by cutting them off from content. Instead of letting it happen, they proceeded to replace old media as a source of content.

hackits 10y ago
Granted Old media did have the funds and backing to purchase Netflix out or offer competitive alternatives.
- vogt 10y ago
  They had the chance to do both, and squandered it.
- notatoad 10y ago
  They did have the funds, but i don't think they do anymore. and that's why we call them "old media" and not just "media"
- cryptoz 10y ago
  Blockbuster declined to buy Netflix for $50M in 2000. Now Blockbuster is gone and Netflix is worth a lot more than $50M. Edit, source: http://www.businessinsider.com/blockbuster-ceo-passed-up-chance-to-buy-netflix-for-50-million-2015-7 http://www.businessinsider.com/blockbuster-ceo-passed-up-cha...
  - freshyill 10y ago
    Netflix was a very different thing back then. Didn't Blockbuster try to make their own Netflix?
    - ascagnel_ 10y ago
      They did; both the streaming and disc-by-mail parts of Netflix. Both failed, because of price and paucity of content.
kinofcain 10y ago
Old media is still producing the content. Netflix doesn't own lots, or cameras, or catering trucks. This is predominantly a change to financing and a change to what type of shows get produced. It's not a change to who produces them.
- stcredzero 10y ago
  Old media is still producing the content. Netflix doesn't own lots, or cameras, or catering trucks. Those aren't the the part of old media that people are dissatisfied with. Who decides what gets produced? How do advertisers affect the decisions? Isn't that what is changing? Also, aren't the decisions at that level what viewers tend to be dissatisfied with?
  - kinofcain 10y ago
    it's certainly great news that studios can make money producing high quality content. But this isn't Netflix producing high quality content while the studios lose out. It's Netflix paying the studios for quality content.
    - redial 10y ago
      Old media in this context is the distribution channel.

hackits 10y ago

Granted Old media did have the funds and backing to purchase Netflix out or offer competitive alternatives.

vogt 10y ago
They had the chance to do both, and squandered it.
notatoad 10y ago
They did have the funds, but i don't think they do anymore. and that's why we call them "old media" and not just "media"
cryptoz 10y ago
Blockbuster declined to buy Netflix for $50M in 2000. Now Blockbuster is gone and Netflix is worth a lot more than $50M. Edit, source: http://www.businessinsider.com/blockbuster-ceo-passed-up-chance-to-buy-netflix-for-50-million-2015-7 http://www.businessinsider.com/blockbuster-ceo-passed-up-cha...
- freshyill 10y ago
  Netflix was a very different thing back then. Didn't Blockbuster try to make their own Netflix?
  - ascagnel_ 10y ago
    They did; both the streaming and disc-by-mail parts of Netflix. Both failed, because of price and paucity of content.

kinofcain 10y ago

Old media is still producing the content. Netflix doesn't own lots, or cameras, or catering trucks. This is predominantly a change to financing and a change to what type of shows get produced. It's not a change to who produces them.

stcredzero 10y ago
Old media is still producing the content. Netflix doesn't own lots, or cameras, or catering trucks. Those aren't the the part of old media that people are dissatisfied with. Who decides what gets produced? How do advertisers affect the decisions? Isn't that what is changing? Also, aren't the decisions at that level what viewers tend to be dissatisfied with?
- kinofcain 10y ago
  it's certainly great news that studios can make money producing high quality content. But this isn't Netflix producing high quality content while the studios lose out. It's Netflix paying the studios for quality content.
  - redial 10y ago
    Old media in this context is the distribution channel.