alt Hacker NewsI think this will work out nicely for Netflix. It overleverages their competition, putting them in a worse spot, and I suspect traditional media is going to be far less of an demand from a pure screen-time perspective in the next 10 years. Generative content is just starting to get good enough with Seedance 2 - the cost of creation is about to plumet.
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Generative content is going to make things super weird with the following.
Theres TONS of 1950-1990 SciFi content. Lots of 1 off books, or trilogies. Really cool stories.
And generative video could get to the point where we can make those books into movies.
The weird place here is who owns the rights, and all that. And it coukd easily fall into an area like The Last Ringbearer is in
https://en.wikipedia.org/wiki/The_Last_Ringbearer
Epub free, because of weird rights issues with Tolkien estate. https://www.tenseg.net/press/lastringbearer
They loaded up 2 competitors with debt and got billions in return as a breakup fee. Not a bad strategy.
Are they truly over leveraged when the purchase is being backstopped by countries like Saudi Arabia that have unlimited funds? I feel like people said the same thing about the Twitter purchase being over leveraged and it looks like Musk is about to very successfully offload that entire debt bomb onto happy public investors via SpaceX. I think this could work out quite well for the Ellisons, Trumps and Saudis, this purchase really bulks up their media empire and increases their ability to control public opinion via all major forms of modern media (Streaming, Tiktok, 24 hour news networks).