>>215466757
It’s more that they’re just obsolete and everything for the last 20 years has been about hiding that with performative excuses for why they can’t get attractive people anymore (Weinstein), why they can’t attract talented writers anymore (strikes), and why audiences aren’t showing up (“politics”). When Netflix started streaming and social media went mainstream in 2007, they told their investors that big budget spectacle would be the manner in which they stayed relevant. So they packed up all their smaller budget production companies. Since they’re publicly traded going back on this means instant death.