Just wait until the ISPs start implementing data caps(except for THEIR online content of course) and begin throttling bandwidth. NetFlix will be doomed!
Netflix has an inherently bad business model IMO. They depend on their competitors to deliver their product to the end users. NOT good!
I agree with you premise. What amazes me though is how Reed Hastings and Netflix have continually managed to stay a few steps ahead, every time the short sellers have cogently advanced such arguments.
He is now leveraging his current position as a powerful industry player, by funding original content in the -production- stage. If he can successfully leverage their substantial cash flow AND substantial audience/customer base by morphing Netflix into a pseudo-independent studio, he may yet, once again reinvent Netflix again BEFORE the aforementioned vulnerabilities come to fruition.
A couple years ago Netflix was “doomed” according to the “shorts” because DVD’s were becoming obsolete. Now Netflix's “Watch Now” service is replacing the discs as a cash cow.
I believe Netflix will be big into proprietary content under Hastings and that is why I believe he could greatly enhance shareholder equity for the owners of Comcast if he were CEO.