deadeye
Warrior
One of the reason the prices were raised is because a lot of people share their accounts with others.
Another reason is that those movie licenses from other companies are very expensive and that is why they spend so much money on original content produced in house.
Take in account that people got priorities and dont see netflix as one of them.
It really aint that simple. Compared to those parent companies, netflix is relatively new to the entertainment business when it comes to making their own movies. Disney been around since 1923. That is almost a century of content. That is why disney dont need anyone and took all their content back from every streaming platform
That's true to an extent.
In the beginning, they did have to pay a lot for content.
Now that they produce so much original content on their own, their costs for content have gone down dramatically.
Bloomberg TV did a segment on it yesterday after their earnings report came out.
Ironically, all these other streaming services have actually helped Netflix reduce their content costs.
Simply because they're not gonna sell any of their content to Netflix since they're trying to use that content to build up their own streaming platforms.
Biggest example............Disney Plus.
They've saved Netflix billions of dollars in content costs by keeping all the Star Wars/Marvel content to themselves.
I said years back that it never made sense for these companies like Disney to start their own streaming services.
It would make more sense to just tax Netflix every year for whatever they're willing to pay for their content.
Use those fees to help produce their own content/movies/etc.............and then tax Netflix again for the right to stream it.
Rinse, Wash, Repeat.
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