Netflix is the one that got greedy and over estimated their position.
Serving video is an absolute commodity. They should have been getting pennies on the dollar if that. A simple distribution service for studios who should have been thought of as their customers. But no, making a steady, useful, profitable business is not enough.
Taking a big cut from an easily replaced service, and using the money to fund a direct competitor to their customers sure was something. Took a lot of chutzpah, is about the best I'll say for it.
Serving video is an absolute commodity. They should have been getting pennies on the dollar if that. A simple distribution service for studios who should have been thought of as their customers. But no, making a steady, useful, profitable business is not enough.
Taking a big cut from an easily replaced service, and using the money to fund a direct competitor to their customers sure was something. Took a lot of chutzpah, is about the best I'll say for it.