Honest question: could some of Netflix's enshittification be because of the media industry, and not their fault? The fragmentation of streaming was the opposite of what they wanted. So maybe his point is that it's impossible to compete because the industry is so powerful and greedy that they couldn't hold onto their monopoly. Spotify has been able to hold onto theirs because record labels hold less power and don't want to get into the streaming business.
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Jellyfin / self hosting is so great. You get the experience of a good streaming service and you can share with your friends and family, and there is no risk of a DMCA other than the initial seeding.
Unless you are friends or family with one of the Disney execs.
The likes of FMovies and movie-web offer a virtually unlimited catalogue that contains everything you could ever stream, for free. And their streaming quality is almost always at par with Netflix, if not more. There is zero rational reason why anyone would turn to those "legit" streaming platforms if they know about them.
The only thing separating is app support on smart TVs. It's Game Over once TVs start allowing PWAs and ad-blocking browsers (do they already? I don't know).
There was a resounding chorus of "DUUUUUUUUHHHHHHHHHHHHHHHHHHHHHHHHHHH" that echoed across the land as Netflix discovers this reality.
Good
Most of this sits squarely on Netflix's fault. I had stopped torrenting when I started with netflix, but their sheer stupidity between the password sharing and constantly taking down titles, not to mention the fact the rest of the industry is going copying them has pushed me to setup a plex server and share between my friends. Yarr... Ye gang be back me maytees!
EDIT: Fucking LOL, Hulu just emailed me this...
sorry netflix i can't hear your whining because I canceled after your second price hike. Fuck you. You sell nothing.
Try making a decent product again then, that seemed to limit piracy quite a bit