From an investor’s perspective, this is principally why I have never liked Netflix’s content creation binge. How much of what they are producing has any long-ta

From an investor’s perspective, this is principally why I have never liked Netflix’s content creation binge. How much of what they are producing has any long-tail value for their subscribers? The same can be said for the studios, and I suppose we live in a world now where content creators need to stream, but why not develop the tech and seek monopoly rents from Disney, Paramount, et al when they need to stream? Is digital content streaming that simple that there is no value in creating defensible IP? Or is it more a function of dumb data pipes which do not favor the smartest content distribution so there’s no need for that investment?