this post was submitted on 19 Jul 2024
723 points (99.1% liked)

Technology

59709 readers
1889 users here now

This is a most excellent place for technology news and articles.

Our Rules

  1. Follow the lemmy.world rules.
  2. Only tech related content.
  3. Be excellent to each another!
  4. Mod approved content bots can post up to 10 articles per day.
  5. Threads asking for personal tech support may be deleted.
  6. Politics threads may be removed.
  7. No memes allowed as posts, OK to post as comments.
  8. Only approved bots from the list below, to ask if your bot can be added please contact us.
  9. Check for duplicates before posting, duplicates may be removed

Approved Bots

founded 1 year ago
MODERATORS
[email protected]
[email protected]
[email protected]
[email protected]
[email protected]
723
Netflix officially removes Basic - the cheapest ad-free tier (m.gsmarena.com)
submitted 4 months ago by [email protected] to c/[email protected]
135 comments fedilink hide all child comments
 

Netflix execs needs a new jet.

you are viewing a single comment's thread
view the rest of the comments
[–] [email protected] 33 points 4 months ago (1 children)

In their defense, they didn't fuck it up (at first), media publishers saw there was money in streaming and decided that they wanted a bigger slice of the pie. When everyone is trying to take the whole pie for themselves, no one ends up with any pie.

However pretty much every move they have done in the past 5 ish years has been fucking it up.

[–] [email protected] 6 points 4 months ago (2 children)

No they screwed the pooch hard in the beginning. They could have bought up rights to basically everything for pennies compared to what it is worth now because of the leverage they had before any of those media publishers had options elsewhere.

Netflix was literally in the position to tell them what the price was back then and now they have nothing to bargain with because the market is saturated.

[–] [email protected] 12 points 4 months ago

That's basically what Netflix did in the beginning. The challenge for Netflix is that the media companies they were licensing content from weren't dumb, so the licensing agreements were time limited. The media companies caught up and built their own streaming platforms and now Netflix is at the receiving end of disintermediation.

[–] [email protected] 6 points 4 months ago (1 children)

But wouldn't them buying all the rights to "basically everything" incentivise them more to jack up prices and include ads since the user base has no legal alternatives ?

[–] [email protected] 1 points 4 months ago

We will never know considering what they did instead.