Friday, April 26, 2019

The NETFLIX Problem

My response:  

A free market means that you are free to make choices. If a company wants to give an exclusive license for their product, then that is their choice, and they would only do it if it was more profitable than having a non-exclusive license. The consumer is still free to make a choice. It becomes a question of which streaming service gives the best value.

The argument would be like saying videogame consoles cannot have exclusive titles. It would be nice to be able to play every videogame on every system, but exclusive titles are what sell videogame consoles. So the market trends in that direction.

It would be like saying that television networks can't have exclusive shows.

It is not the end of the world to have two streaming services or two videogame consoles. Streaming services are remarkably cheap, so it is just a question of whether the extra content is worth the extra cost.

Another choice the consumer can make is to not use any service if they feel that the services don't meet their needs.

You will see the merging of some companies to be more competitive with the top service, which likely will be Disney next year. Sometimes it is government laws that prevent such mergers, which would provide more value for the consumer.

How is This a Thing? April 25th 2019

Saturday, April 6, 2019