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this post was submitted on 21 Aug 2023
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I wonder how much of the inability to be profitable is driven by their licensing costs.
Having worked in the industry, less than you might think. Licensing cost generally sets a price floor. The single mindedness on maximizing revenue growth is driven by VC or stock market forces.
In the earlier days, licensing was used as a club to knock out a bunch of early competitors, but that quit being as useful once enough sets if companies with deep pockets came into the streaming industry.