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Netflix enshittification will continue until morale improves
(lemmy.dbzer0.com)
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this post was submitted on 25 Jan 2024
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Step 2 is doubly true. Because not only did they steal the studios users, and dent their profit margins being competitive, they also went out and became their own studio.
Out of survival in a way, but their brand is so strong they keep most of users despite any conversion rate Netflix's competitors have.