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A comment on Netflix: Piracy is difficult to compete against and growing rapidly. Parent comment

Re:Netflix: Piracy is difficult to compete against and growi... by roenxi on Monday February 05, 2024 @02:29AM (#39258297)
I wouldn't want to be involved in a company that isn't turning a profit.

But, in fairness, this is an industry that is adjacent to Hollywood. It is conceivable that they have some sort of weird profit-laundering scheme going to make sure not too much of the money goes back to the artists or something.

[ Parent | on HN ]
Re:Netflix: Piracy is difficult to compete against and growi... by vineyardmike on Monday February 05, 2024 @02:53AM (#39258423)
Profit and loss can be accounting fiction when needed (eg Amazon), but I think Spotify has the cartel curse. No matter how much money they make, it’s too easy for the labels to see the public finances of Spotify and decide they want to raise the price of licensing. Furthermore, the more people use Spotify, the less profitable the subscription becomes.
[ Parent | on HN ]