Netflix Has Finally Hit a Wall. Where Does it Go From Here?
The company has resisted making major changes for the past year despite slowing growth. Now it’s tearing up its playbook.
You will read a lot of takes about what this means over the coming days and weeks. Many skeptics of the streaming business will use this moment to claim they were right all along. Netflix is doomed, as is anyone who blindly follows in its footsteps. Ignore them. Netflix defied expectations for a decade and gave every company in Hollywood good reason to try and mimic its success. It’s got 221 million customers, and generates about $30 billion in revenue.