alt Hacker NewsNetflix was also still in the “grow users at all cost” phase. They have since moved to “grow revenue at all costs.”
Everyone likes a service when it’s subsidized by VC dollars. Until they inevitably start turning the screws.
Netflix was also still in the “grow users at all cost” phase. They have since moved to “grow revenue at all costs.”
Everyone likes a service when it’s subsidized by VC dollars. Until they inevitably start turning the screws.
>Everyone likes a service when it’s subsidized by VC dollars.
Netflix went public in 2002. It was +8 years later that the streaming-only service was launched in 2010. The digital streaming wasn't "subsidized by VC".
Netflix had more content from everybody back then because the other studios licensed their content for cheap prices to Netflix. But those studios then realized that Netflix was growing rapidly on the backs of their content. Once those multi-year contracts expired, studios like Disney didn't renew with Netflix and instead, started their own platform (e.g. Disney+).