I don't see how Netflix will hold ground. Streaming tech is now a commodity, not a moat. 2-3 years ago I would have said Netflix is the streaming sub to have. H

I don't see how Netflix will hold ground. Streaming tech is now a commodity, not a moat. 2-3 years ago I would have said Netflix is the streaming sub to have. Hard to say that now. Disney, HBO and Amazon also have great original content and huge catalogues that could sustain a family as the only sub. Apple is growing a small but quality catalogue, and bundling within the ubiquitous iCloud package. Amazon has a massive bought-in base being that they bundled it with Prime shipping. There are countless other legacy network subs and content re-packagings to choose from. So I don't see Netflix as particular a leader in content, scale, or value. Their best (only?) post-streaming tech innovation is the collaborative filtering. A way of finding something passable to watch that is better that channel flipping broadcast TV. Now there is so much great content that people just go straight to the show with the buzz. If there is one promising area they lead now I'd say it's internationalized content like Squid Game and Money Heist, but I'm not convinced this is big enough moat.