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by CrypticShift·3y ago·view on hn ↗
No paywall : https://archive.ph/Rqo6D

> The changes at the top come after the company’s stock had fallen by nearly 40 per cent this year as Disney and others spent heavily to compete in streaming, a business that has been costly and less profitable than cable television or cinema.

To get a comprehensive and recent background account on this continuing "streaming business" drama, I recommend the Book "Binge Times: Inside Hollywood's Furious Billion-Dollar Battle to Take Down Netflix"