You don’t want your bad news to lead the main evening news in a wealthy but peripheral market.
“Netflix has just known a ca-ta-strophic day on the stock exchange”, losing $15bln, 12% of its market cap, after its first-ever drop in US subscriptions. —Sacha Daout, 19h30, RTBF, Belgium
It has been clear for years that the economic case for Netflix was not firm even when beheld at a squint. But this rather forces the reckoning into the present moment. The wall in front of you might be closer than it appears and moving faster.
If Netflix is seen to fail, and I don’t see how at least its worldwide original content could survive, it will be a terribly chilling effect on originals, at least in many linguistic groups at once.