Netflix is bleeding customers. Their original content has largely sucked for a long time, especially the movies. Their best original show going right now is probably Ozark, followed by Dark and that’s a German show.
2 quarters ago they were bleeding, correct.
This last quarter they evened off (w/help from overseas markets)
They also have a head start base of 151 million subscribers.
Now the big hairy but, they won't be cash positive for another 5 years roughly. They lose 5 billion a year I believe.
Life was a lot easier for netflix years ago when they didn't pay in 15 billion or so dollars a year for original content and they just paid for rights to stream other networks content.
My money would still be on netflix to win.
I tell ya what, now is the time for people looking to break into the industry: producers, directors, actors, etc etc. There are sooooo many shows and movies between broadcast and streaming shows and movies! I may drive over to NYC sometime just to have my ugly ass audition for a show or movie or something... who the hell knows what could happen. Imagine landing a speaking part on a show that pays 10k an episode for 10 episodes that eventually gets picked up for 5 seasons and contract renegotiations lands you 50k or something an episode. Never know.