TV Streaming Horror Show

[ncted]

The Binge Purge

TV’s streaming model is broken. It’s also not going away. For Hollywood, figuring that out will be a horror show.

www.vulture.com

Here comes the sanity...or at least a dose of reality (and probably too much reality tv).

 

[KAB]

I don't think I've ever read such a bloated article in my life!

 

[Bruce]

I don't think I've ever read such a bloated article in my life!

Agreed.

This is what caught my eye and shows the writer has a bias.

In April 2022, when the company announced that it had lost subscribers — the first decline since it had started making its own content — more than $50 billion evaporated in a single day.

True, they did lose, but what the reporter did not make clear, it gained those losses back and millions more.

Netflix-220 million at the start of 2022, now at 232 million(Q1/2023)

A stock that had been approaching $700 would soon fall below $200.

More bias, Netflix stock did hit $700, then it did a 7 to 1 split ( I own Netflix stock that I purchased before the split) , basically 1 share became 7.

So when it hit $200, that split made that 1 share into $1400.

Netflix stock is now $420.

So times 7, $2940 if you owned it before the split, it you bought it afterwards, $200 ( from the article) became $420, still darn good gains.

 

[ncted]

https://www.latimes.com/entertainme...ng-services-wont-save-hollywood-the-wide-shot