this post was submitted on 25 Dec 2024
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Theu saw the writing on the walls. They knew the big dogs would want a slice of the streaming game and they needed to pivot before the rug got pulled out from ubder them. Hulu was already being constructed when they were recalling shifting into making their own products IIRC. It wasn't just VC that got them to their golden era, they also relied on the industry bot taking streaming seriously enough and giving them deals that they never would today.
This (though you need to fix your typos). Movie companies saw Netflix as a garbage rerun channel. They were chasing after opening weekends. It took a long time for them to finally launch their own service.