Netflix has won this game. I mean, short of some existential event, it is Netflix’s. No one can get, I believe, to their level of subscribers, which gives them real dominance. They can outbid, and do…
The context for the quote was, Netflix had just announced a monster quarter in growth and earning, and they announced record viewership for the surprise hit bird box over the Christmas holiday. Diller’s enthusiasm and conviction, then, were justified.
Two developments last week reminded me of this quote.
The first was Netflix’s Q2 earnings report and call transcript. It just had another extraordinary quarter, made all the more extraordinary by its ability to continue to produce content despite delays created by COVID.