this post was submitted on 19 Jul 2024
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Netflix officially removes Basic - the cheapest ad-free tier (m.gsmarena.com)
submitted 4 months ago by 1984@lemmy.today to c/technology@lemmy.world
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Netflix execs needs a new jet.

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[–] obviouspornalt@lemmynsfw.com 12 points 4 months ago

That's basically what Netflix did in the beginning. The challenge for Netflix is that the media companies they were licensing content from weren't dumb, so the licensing agreements were time limited. The media companies caught up and built their own streaming platforms and now Netflix is at the receiving end of disintermediation.