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The Hustle Daily Show
Netflix can chill
Jul 25, 2023
This podcast explores Netflix's dominance in the streaming industry, the impact of the ongoing Hollywood strike on the streaming industry, and the struggles and potential future of other streaming platforms.
12:03
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Quick takeaways
- Netflix's strategic moves, like introducing an ad-supported tier and cracking down on password sharing, have contributed to its profitability and subscriber growth, while its competitors struggle to keep up.
- Netflix's dominant position in the industry, along with its ability to spread content development costs over a large subscriber base, make it likely to continue leading the way in the future.
Deep dives
Netflix solidifies its position as the leader in streaming
Despite facing challenges in recent years, Netflix has emerged as the leader in streaming and is in a strong position to retain its crown. The company has made strategic moves, such as launching an ad-supported tier and cracking down on password sharing, which have opened up new markets and accelerated profitability. Meanwhile, its competitors, including Disney, Warner Brothers Discovery, Paramount, and Comcast, are struggling to keep up and have resorted to raising prices and cutting content. Netflix's dominance in the industry and its ability to spread content development costs over a large subscriber base make it likely to continue leading the way in the future.
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Discover
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