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Maybe they prefer dominance over profit. Make less money but maximise revenue. They want you to spend 100 hours a month not 50 even if you pay the same so that you are not spending time at a competitor such as Disney or hanging out with friends at a bar.

Eventually they may go like Amazon with infinite upsells and hunt for whales.




How could this be good business?


Maybe the LTV is higher. Or it attracts more shows to Netflix than competitors. Ot it secures a moat.




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