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Culture War Roundup for the week of July 10, 2023

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I can't see how that can be sustainable for companies where they don't get any direct payments in exchange for making good shows.

I think the idea is that Netflix builds up both a catalog of quality complete workand has enough of a reputation that you stay subscribed for the new, exciting stuff they bring you. Basically, they themselves summed it up as "becoming HBO before HBO can become us". HBO has been around for a while, and they sustain themselves on subscriptions and their reputation for making good shows.

If you are Netflix or any new upstart without a strong brand it is absolutely not in your interests - in the most crowded entertainment landscape in human history - to put out shit when everyone else is trying their hardest for people's eyeballs.

The problem is that Netflix's value proposition (or for a streaming service in general) drops the more competition there is. Netflix succeeded by being a one-stop shop when everyone was content to just license out their content. The more Netflix succeeded by cornering the market, the more competition started to wake up, the more companies trying to drown out their rivals in content (aka peak TV) before becoming enough of a monopoly to be secure or at least enough of a major player to be comfortable and the less everyone makes.

Especially since streaming offers strictly worse profits than the box office it's helping to kill and the DVD industry it definitely already strangled. People are paying prestige TV/film levels of cash and likely not getting that return (HBO does one GOT but then has shows like The Wire and Treme that get subsidized by it). Even worse: streaming makes piracy even worse since the minute it's on stream it's also on the Bay (COVID was a great time for just rolling out of bed, torrenting a "just released" movie and having it on your screen by the time your breakfast is ready.)

so I don't have a better idea, unfortunately.

There doesn't seem to be one. Honestly, I don't think this is even specific to streaming: I think that the internet broke cinema and media and we've been basically managing the hangover since then.

When people can get it all for free it messes with the equation. Streaming was an attempt to exploit this unfortunate fact but it only seemed to be working so well because of a very artificial period of Netflix dominance (and the strike shows that some people think it wasn't working well for them anyways)

No such system will simply ever be as profitable as getting a direct payment for one watch, but unless some magical uncopyable format comes out that's over.

I think the socialists are right about this one: a lack of scarcity is kind of a failure mode for capitalism and here, unlike with patents, copyright and such, we don't have a good patch.