Also I have a hard time feeling sorry for the traditional press. They spend decades killing their own reputation and now paying the price. They could have had web sites so reputable, so popular, that they would have been the news hub. Instead they turned internet into the bad guy, kept publishing political agendas and sensasionalist headlines and hoped we would suck it up as we did when they were king of the hill.
No matter how good I think netflix is, and despite their now long and good track record, they are entering a new fight bare handed against machine guns.
And Disney doesn't own all the content. Netflix need only be the streaming provider other content makers choose.
But they own about half (Disney Studios, Marvel, Lucasfilm, Pixar, 20th Century Fox, Searchlight, NatGeo, and I am sure I forgot a dozen others), and they might never licence it to a "competitor" again unless they are forced to do under some sort of FRAND unbundling of content and distribution.
I don't expect the GAFAM to play fair. They are going to arm wrest the industry to go through them.
As a middleman, Netflix is great for the customer though - no need to have a half-dozen sign-ins and always need to remember which service has which series.
In other words, I think you're the opposite of right on competition on the Netflix front. A monopoly interface adds significant value and Netflix isn't currently able to gouge the customer - the studios do that instead.
On one hand, you can’t make this stuff up. A “competition” bill that exempts companies from competition laws. On the other hand, this is the problem with the “content middleman” business. By leveraging its near monopoly over eyeballs, Google can negotiate to receive an outsized share of the revenues from people viewing say NYT content, relative to the value Google adds to the transition.
That is also why I welcome the rise of competition in movie/TV streaming, even if it means subscribing to multiple services. The value added by any particular streaming service is pretty minimal. (Except for Netflix original content, Netflix is streaming say NBC’s content from Amazon’s servers over Verizon’s wires to an app using video codecs developed by Sony/etc.) Netflix, etc., isn’t adding nothing, there is a value to the curation and licensing deals, but it’s status as a middleman would allow it to wrestle a much larger share of the profit from the transaction than the share of value it adds.