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For sure. I think network effects are fundamental to streaming success. When Netflix had everything, it was a great service. Now that content is spread out, all of the streaming services stink.
As streamers fail, though, won't we see a reconcentration of content, which will make the remaining streamers profitable?
Yeah I definitely see the number of competitors in the market going down. I just hope that it doesn’t lead to price gouging by the few remaining players since investors are no longer content to keep throwing money at streaming.
investors are no longer content to keep throwing money at streaming
That's a good point.
I don't expect radically higher prices, because the marginal benefit of adding new users dwarfs the marginal cost of providing service. Also, the cost of entry is very low for competitors.
At this point it feels like streaming is a failed business model. Most services struggle to be profitable and are slowly turning back into cable by adding in bundling and slipping in ads.