Are we being trolled...? FTA: "Seventeen million subscribers later, some people probably wish a clerk would have just refunded the man his 40 bucks." A few thousand ex-Blockbuster employees, and some antediluvian Hollywood execs? Who cares! Maybe I'm just a short-sighted Joe Consumer, but I hear things like "[Hollywood people] are worried about Netflix devaluing content" and "no one fully trusts its motives" and I feel like I'm reading an Onion article. I love Netflix. I would happily pay twice what I'm paying now. If someone created an OS that was impenetrable by viruses, ten thousand Symantec employees would lose jobs, too. It's called "progress".
The article provides explanations like, "“Even though it has a detrimental effect on their business, everyone keeps feeding them content,” BTIG Research analyst Richard Greenfield says." Is there really anything here that isn't exactly like the death knell of the tape cassette industry as CDs became vogue, or the indignant crowing of Newspaper execs who feel so entitled to business that they can't understand why customers are abandoning them in droves?
Yes, you are missing something, though your overall point is correct.
"Some people probably wish" refers to the people who stand to lose business to Netflix, not suggestion that consumers will wish it, or that it's bad for consumers in general.
I don't think he is missing the point; I think he is just pointing out the absurdity of this article which seems to value Hollywood opinion and the inefficient Blockbuster's demise over something that 17 million people are happily paying for.
The article provides explanations like, "“Even though it has a detrimental effect on their business, everyone keeps feeding them content,” BTIG Research analyst Richard Greenfield says." Is there really anything here that isn't exactly like the death knell of the tape cassette industry as CDs became vogue, or the indignant crowing of Newspaper execs who feel so entitled to business that they can't understand why customers are abandoning them in droves?
Am I missing something?