This is a significant and challenging moment for Netflix, but it's also one with an underappreciated upside. TVMoJoe writes
In the eternal words of Rachel Green: “Not worth it!” Photo: NBC For years, the story of Netflix has been almost exclusively one about growth: more spending, more subscribers, more international production, more talent deals, more everything. But as this week’s news that Friends will be leaving the service for WarnerMedia’s upcoming HBO Max platform underscores, the years-long narrative surrounding the streaming giant has started to shift.
Admittedly, this is the glass-half-full interpretation of what’s happening to Netflix, but it’s not to suggest this is somehow a “win.” To the contrary, losing tentpoles such as The Office and Friends is clearly not the future Netflix execs would’ve chosen for themselves. Ratings giant Nielsen recently said U.S. Netflix subscribers collectively spent 52.1 billion and 32.
But this is where all the money Netflix is about to save — as well as all the cash it’s been spending the last few years — becomes so important. Even though Netflix tried to hold on to shows such as The Office and Friends, it has spent years preparing for the day that the same companies who gladly leased their best content to Netflix would figure out they were helping build a competitive monster.
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