
TV after software
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Is There a Point of Equilibrium?
In t v, you spend a programming budget of x. That gets you an audience of y and you canmonotise audience through subscription or advertising to get revenue of ased. For syphi, there would ave been a decision, we are going to spend the next five years losing money buying shows that we cannot monotize at the level that reflects what they could be monotized at on on exist on a big channel. And this is what we know in the end, hole didn't do. The only way you have two undred, 50 million subscribers as you buy 250 million subscribers worth at v shos? Just think here, you don't get you don't
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