It's not entirely binary and I think Ben underestimates the power that content creators have in this country. Some content is simply classic, and will have valu

It's not entirely binary and I think Ben underestimates the power that content creators have in this country. Some content is simply classic, and will have value 30 years from now. Disney is amazing at making it. Disney is also amazing at lobbying Congress, along with other traditional media content providers to entrench their copyrights beyond the pale: https://www.theverge.com/2017/4/3/15161522/mpaa-riaa-copyright-office-library-of-congress-dmca-infringement https://www.theverge.com/2017/4/3/15161522/mpaa-riaa-copyrig... Netflix has been forced to create it's own content because old media wants to charge Reed an arm and a leg for anything distributed online that they don't have control over. Old media always raises the asking price for anyone who comes to them requesting to redistribute content. They are scared to alienate the cable providers, the advertisers, and of losing even more control of distribution with these new consumer-centric on-demand business models. This is why despite years of hype, Google and Apple haven't gotten far with their TV bundles so far. I do think the Netflix - Disney love/hate is over-hyped. Both can exist. Disney can keep crafting great stories and Netflix can keep targeting customer groups across the globe with affordable content that scratches their niche itch. Amazon has been more willing to pay the piper, but has also had to resort to in-house content. The great thing about good TV/movie content is it tends to retain value. Good luck to Disney creating as seamless a distribution platform as Netflix though... I think Viacom is going to be the real loser here, to YouTube and Netflix. Most of their MTV, Comedy Central stuff has no replay value. Music videos in particular have been completely absorbed by YouTube. Meanwhile Netflix is doing great comedy specials. Years of family in-fighting has only further weakened Viacom's position and they are likely to be forced into tiered packaging deals by even their traditional cable and satellite partners.