> Youtube has to share it's revenue with content creators, unlike Netflix. From a financial modeling perspective, that’s more akin to a tax paid by YouTube tha

> Youtube has to share it's revenue with content creators, unlike Netflix. From a financial modeling perspective, that’s more akin to a tax paid by YouTube than anything else, which makes it easy to plan for. That’s not the case with Netflix, which has all sorts of competition bidding up costs and making content costs much more difficult to predict per unit of revenue.