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I don’t think they’re replacing their content on purpose, they have no choice. Around ten years ago when Netflix streaming started to take off studios thought
by xienze 8y ago
I don’t think they’re replacing their content on purpose, they have no choice. Around ten years ago when Netflix streaming started to take off studios thought they were taking Netflix for a ride, selling new-fangled “streaming” rights for old catalogue films that otherwise weren’t making much money. Now the game has changed and Netflix effectively can’t afford to renew these contracts, so little by little the stuff people actually know and love is leaving the service. To Netflix’s credit, they started trying to make their own content, but for every hit there’s about twenty misses. And frankly, even if everything they made turned to gold they still wouldn’t have age-old classics that everyone still wants to see.
I actually think they’re going to be in a lot of trouble a few years down the line as their catalog is going to be a handful of great originals, tons of garbage originals, and a bottomless pit of Z-grade studio films.
- pkaye 8y agoI've realized the same. I'm always surprised they are part of the FAANG stocks given how little they have control they have over their catalog.
- dfee 8y agoI took the N out and realized that would never fly. As Netflix is the odd duck of the group, maybe some banking associate put it in there just to give some ferocity to the acronym (I.e. engineered a backronyn).
- toomuchtodo 8y agoI always thought it odd that Netflix was picked instead of Microsoft for the "FAANG" group, considering market cap.
- dlgeek 8y agoMicrosoft wasn't a growth stock for many years.