this post was submitted on 30 Sep 2023
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this doesn’t really answer my questions, though.
netflix was able to afford that much content back then for two reasons
they were flush with capital from investors, spending more money than they were making to promote growth.
netflix wasn’t running new content, they were essentially licensing “reruns” of content that already had its primary run elsewhere.
basically, everyone got used to a certain lifestyle being subsidized by cheap capital and investors misplaced belief in perpetual growth. nobody has yet to explain to me how this could have been made sustainable.
The music streaming platforms (admittedly with their own challenges) have to compete based on service offering rather than exclusivity. Imagine if all the streaming platforms competed on quality of service instead of exclusivity.
I’d personally pay a lot more if I could just have one service that had all the content I want, but instead we’re in this situation where the platforms (in my opinion) are lacking innovation and the content is all over the show. Here in NZ I find different seasons on different platforms or plenty of shows that just aren’t licensed for our market. We all know how that problems going to be solved.
the music streaming platforms basically screw over the artists to make that feasible, with the excuse usually being that artists can make their real money touring and selling merch.
the cost of producing music is also infintesimal compared to that of producing film and television. the whole music industry itself is pretty small in comparison, yet Spotify costs about as much as a streaming TV service.
to scale that model up to film and TV would mean either a much higher base price, or a lot less overall content being made. these are viable paths, but both come with big trade offs.
Not saying that you shouldn't pay people, but the CEO of netflix makes over $50M a year. Actors make how much? I'm sure there are a lot of ways to cut costs and make a more equal society to boot.
obnoxious executive pay is its own problem, but even zeroing all that out wouldn’t do much for the financials. if you brought that $50m down to $0 and passed that savings on to consumers, each netflix subscriber would save pennies on their monthly bill
I'm not saying just the CEO, but the whole structure. Look at the kids from Stranger Things for example. Any of them over 20 yet? If they never work another day in their life they still enjoy a life unattainable to almost everyone. Good for them I suppose, but it's that really how a society should be? And there are a lot of people behind the scenes that we don't see that makes an enormous amount of cash while most don't. There should be a more equal distribution.