![]() ![]() Since then, virtually every production studio has developed its own proprietary platform for streaming services, hence the gradual rise of HBO Max, Hulu, Disney+, Paramount+, and many others. While the former was far from the first service to provide streaming video content to consumers, it did manage to corner the market after it converted primarily to streaming over providing physical DVDs in 2007. However, times have changed for Netflix nearly as much as they once did for Blockbuster. Famously, Blockbuster turned down the opportunity to purchase Netflix for $50 million in 2000, with insiders describing the negotiation as the smaller company being “laughed out of their office.” Netflix currently reports having over 220 million active subscribers, while Blockbuster filed for Chapter 11 bankruptcy in 2010. Netflix originated as a DVD rental and sale service in 1997, a time period in which retail rental centers like Blockbuster and Hollywood Video bestrode the world of home entertainment like colossi. ![]() ![]() In essence, while Netflix appears to be king of the hill among streaming services at the moment, the effects of competition from multiple fronts will most likely cause it to increasingly lose subscribers in the near future. In an article in The Globe and Mail, York University Professor Kean Birch (also the director of York University’s Institute for Technoscience and Society at York University), said Netflix may be doomed to a gradual decline and failure, just as its former rival Blockbuster. Streaming giant Netflix may be headed to the same cultural irrelevance as Blockbuster Video, the once-dominant VHS and DVD rental retail outlet. Netflix is facing a loss of subscriber revenue and third-party content at the same time as its expenses for original content increase. GIANT FREAKIN ROBOT > Movies & TV Netflix Is Headed Towards The Same Fate As Blockbuster ![]()
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |