• 🍉 DrRedOctopus 🐙🍉@lemmy.world
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    12 hours ago

    reminder than during 2019 there were streaming services popping left and right, all showing tremendous growth because they started from zero, and articles were about how bad Netflix was doing due to having practically no growth compared with the competition (they already had a massive subscriber base). Twist? Netflix was the only streaming service that was actually making a profit, the rest were a massive loss but big growth.

    Needless to say most of those streaming services died; who remembers DC streaming service, or Yahoo’s? While Netflix is basically as stong as ever, despite the prevalent enshitification happening through the whole industry.

    Point of the story? shareholders don’t care about stable profitable business, only cancerous growth. AI is like that, zero profits, ton of cost, but as long as they show growth the shareholders are happy, regardless of how cooked the books are.

    • MimicJar@lemmy.world
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      8 hours ago

      2019 Yahoo

      My immediate thought, there is no way Yahoo! Screen survived into 2019.

      I looked it up and Yahoo! Screen (which featured Community season 6) was shutdown in January 2016. But Yahoo! View launched in late 2016 (as a Hulu-like replacement), and that did shutter in mid 2019.

      So Yahoo! was already dead, but it also died for real in 2019.

      • 🍉 DrRedOctopus 🐙🍉@lemmy.world
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        7 hours ago

        late to streaming, but practically the first subscription based system to watch movies/tv online.

        First years of Netflix were the best, the product began degrading quite early on. but that was mostly companies realizing that instead of licensing their content on Netflix, they can make their own platforms.

      • krashmo@lemmy.world
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        7 hours ago

        Late to streaming? Netflix was the first big time streaming service that I ever heard of. The main reason their streaming service was able to take off like it did is that nobody else of significance thought that streaming was worth pursuing. What other companies were offering streaming services at anything approaching scale before Netflix?

        • thisbenzingring@lemmy.today
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          6 hours ago

          YouTube and Hulu were basically all starting about the same time. But RealPlayer was the first big one.

          Netflix just had the layout that everyone uses now. The Cable networks had streaming services, just not on demand. YouTube and Hulu also pioneered the on demand layout. YouTube focused on personal experiences so maybe that’s why you’re forgetting them

    • UnderpantsWeevil@lemmy.world
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      11 hours ago

      who remembers DC streaming service, or Yahoo’s?

      Quibi will always have a place in my heart. Or, at least, my golden arm