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This isn't true at all. Netflix is sinking because Wall Street had absurdly unrealistic expectations for its success (and the success of streaming in general) and wildly overvalued it as a result.Remember, Disney Plus isn't some goliath, it MIGHT stop losing money in 2024... by the same projections that once saw Netflix as the most invincibly powerful company in Hollywood.Streaming isn't dying. It's a new secondary distribution pipeline for film content. Secondary distribution methods have changed before - witness the rise of home video. Its just that this time, for a variety of reasons, the corporate community lost their mind and all perspective regarding the change.
This isn't true at all. Netflix is sinking because Wall Street had absurdly unrealistic expectations for its success (and the success of streaming in general) and wildly overvalued it as a result.
Remember, Disney Plus isn't some goliath, it MIGHT stop losing money in 2024... by the same projections that once saw Netflix as the most invincibly powerful company in Hollywood.
Streaming isn't dying. It's a new secondary distribution pipeline for film content. Secondary distribution methods have changed before - witness the rise of home video. Its just that this time, for a variety of reasons, the corporate community lost their mind and all perspective regarding the change.
