3 ms·

I think Netflix is learning a hard fact about the content business. Hits are hard. All the shows I’ve gotten into on netflix get cancelled once the cast deman

by lumost 4y ago

I think Netflix is learning a hard fact about the content business. Hits are hard. All the shows I’ve gotten into on netflix get cancelled once the cast demands to much money around season 4. This strategy makes sense if you can turn around a new hit next year to replace it, but having to deliver an exponentially growing set of hits is really hard. At this point just getting cast and crew who want to work with you is a challenge with 5 other major content streamers. If given the choice, I’m sure hot talent would prefer a studio that won’t fire them once it’s a smash hit.

ALittleLight 4y ago
It's interesting that Netflix's hits seemed to come towards the start of their career producing content. If the issue is "hits are hard" then I would've expected them to struggle first. My intuition is that it's more like statistics led Netflix to produce low quality content that performed on their target metrics. This strategy led Netflix to a local optimum that is far from a global optimum. Plus, given market conditions, that local optimum is starting to be, objectively, pretty bad.