Lol…wtf is this trash article…Netflix is struggling to survive. Bullshit, they made 12B profit last year.
The article makes it out like all the big players are at a loss…they’re not…they brining in Bs in profit.
The price hikes are greed, and of course the consumers will pay it.
They had a $14.5 billion debt of as of march last year. Servicing that at the super low interest rates of the past decade was so well and good, but that time is over, and now those lenders want their pound of flesh.
Yeah they’re making money but I just saw where “traditional” tv watchers is below 50% now for the first time, the cash flow of the cable /satellite tv subscriptions is in big trouble and everyone was sorta relying on that. The old media production model is dead and I think this strike is related to that.