Given Netflix comp levels, "trying to survive" might be overplaying it. The reason for the schadenfreude mentioned in the article is the massive cost inflation

Given Netflix comp levels, "trying to survive" might be overplaying it. The reason for the schadenfreude mentioned in the article is the massive cost inflation Netflix spending levels created. I think a lot of the discussion in this thread could be summed up as, maybe Netflix should have been content to be a low margin tech supplier to the studios rather than try and spend it's way to becoming a new Disney. A lot of tech firms are built off the back of the fact that it seems to be harder for other industries to learn how to be a tech firm than the other way around. Streaming video is clearly one of those cases where it's the opposite and that fact had been hidden for a long time by the flood of QE funny money.