Long term, Spotify and Netflix are in trouble. Amazon and Apple are in this space, and they can use their trillion dollar market caps to decimate single-revenue stream companies.
The Department of Justice should do something about this. Neither Amazon nor Apple should be in these businesses. They do too much and apply price pressure unfairly.
If this continues, $1T+ tech will be the entire economy.
Netflix, Spotify, and all of the other "little companies" should sue the ever-loving bejesus out of these monsters for anti-competitive practices.
Spotify is trying to add new revenue streams and revenue growth.
Netflix is fighting content being taken away - they didn't have their own, and now content owners realize the value of their catalogs. There are also lots of new players (HBO, Disney, Peacock, Amazon, Apple). Once Netflix builds a bigger catalog, they can relax and curate better.
Amazon and Apple don't have these problems. They can purchase studios to artificially build their catalogues. If they weren't buying content, Netflix would be paying less. In fact, Netflix would probably be the beneficiary of studio consolidation if the giants were not writing checks too.
Spotify and Netflix don't have a grocery store or hardware business unit to help speed up investments.
It's vastly unfair to have horizontally scaled command of several industries, especially when they have built in synergies you can abuse.
netflix: costlier so-so content AND a soul crushingly annoying interface. I am 100% sure that I will never want to watch the vast majority of the items available, and yet I must scroll past them over and over and over in four to ten different rows during the same session even.
Increased competition is a good thing. I’m glad several companies are in this space.
It’s only a problem if a single provider is a monopoly and uses that to squeeze out other companies in order to raise prices. We’re very far off from that because there are so many companies competing and none of them control the market.
> It’s only a problem if a single provider is a monopoly and uses that to squeeze out other companies in order to raise prices.
The giants behave different to monopolies in the past.
Amazon makes its catalogs available for free, which makes businesses like Netflix and their offerings look expensive. They subsidize the costs using revenues from different business units, which is not only unfair, it's not actually competition.
It's not even necessarily about money. Giants care about attracting and keeping people on their platform.
Once actual healthy businesses dry up, revenues paid to creatives will go down. They've already begun picking apart other studios and assimilating their businesses, and this will only accelerate.
> Increased competition is a good thing.
Not when music, movies, and art become just features of the tech giant platforms. It dumbs everything down and ensures the tech giant opinions are the ones that get amplified.
The Department of Justice should do something about this. Neither Amazon nor Apple should be in these businesses. They do too much and apply price pressure unfairly.
If this continues, $1T+ tech will be the entire economy.
Netflix, Spotify, and all of the other "little companies" should sue the ever-loving bejesus out of these monsters for anti-competitive practices.