It could also just not be true? No one but Netflix knows what shows their subscribers like and they're currently spending money like a drunken sailor so I'm hard pressed to believe any argument about paying less for their work. The author is not in the industry and has no access to what Netflix viewers are watching, how much Netflix pays or how much competitors of Netflix pay. What we do know is more shows are being made which means more jobs.
I bet it's more like Netflix realized what viewers have: the first few seasons are almost always the best. Perhaps it's not "straightforward market power exploitation" and it's just that later seasons from legacy players were renewed out of habit, time slots and pre sold ad sales and not because of quality?
I bet it's more like Netflix realized what viewers have: the first few seasons are almost always the best. Perhaps it's not "straightforward market power exploitation" and it's just that later seasons from legacy players were renewed out of habit, time slots and pre sold ad sales and not because of quality?