4 ms·
Spending billions of borrowed dollars on junky “original” content was the beginning of the end for Netflix.
by CyanLite4 7y ago
Spending billions of borrowed dollars on junky “original” content was the beginning of the end for Netflix.
- skissane 7y agoI always thought they should have spent some of those billions to acquire some existing entertainment companies and get some more back catalog. Not everyone likes to watch new stuff. (And even when it comes to making new stuff–a lot of what Disney is doing is building on stuff they already own rather than totally new content-easy for Disney when they own outright so much back catalog.)
- RcouF1uZ4gsC 7y agoYou are right in regards to building on stuff that they already own. All the movies this year that have grossed over $100 Million have been based on older content. 1 Avengers: Endgame 2 The Lion King (2019) 3 Captain Marvel 4 Toy Story 4 5 Aladdin (2019) 6 Dumbo (2019)
- Mindwipe 7y agoYou don't just get free back catalogue if you buy someone else. Residual agreements often force you to sell to the highest bidder regardless, there are hosts of pre-existing deals for multiple years, and your shareholders will ask why you paid so much money for a company and then took away the way they make revenue (selling the shows to other people).
- scarface74 7y agoNone of them are cheap enough
- humantiy 7y agoI'd say it was when they decided to get rid of star ratings for thumbs up thumbs down ratings, but I think that original content was close to the same time.
- dvfjsdhgfv 7y agoI wonder how this decision was taken. You can't fool people you have a rich catalogue if most of it is the bland N-marked pulp. Shouldn't they be doing some research and base their decisions on the needs of their customers? It's not rocket science, almost everyone is telling them the same thing, but they persist in producing content few people want, in spite of their pervasive marketing efforts.