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Welcome to Episode 15! In a special streaming-focused episode, we cover the incredible fall of Netflix, which is now losing subscribers and saw their stock decline by 40% this week after they reported earnings; indeed, Netflix stock is down to $215 from a high of $700 in November - so what happened? We diagnose a variety of issues, including their comically woke programming. We also discuss the state of streaming, including how binge releases may not be sustainable and why watching sports on streaming is fast becoming extremely expensive.
Next we celebrate the demise of CNN+, which is one of the first major instances of Woke Defunding. We'd like to see more. Why did CNN executives think there was a demand for this product, and what does it say for their news organization that CNN actually fake news'd themselves by telling employees the service was a massive hit?
We close the episode with another Weekly Antidotes, including The Last Kingdom and Severance, the latter of which benefitted from weekly episodes rather than Netflix's Binge and Burn strategy.
By The Woke AntidoteWelcome to Episode 15! In a special streaming-focused episode, we cover the incredible fall of Netflix, which is now losing subscribers and saw their stock decline by 40% this week after they reported earnings; indeed, Netflix stock is down to $215 from a high of $700 in November - so what happened? We diagnose a variety of issues, including their comically woke programming. We also discuss the state of streaming, including how binge releases may not be sustainable and why watching sports on streaming is fast becoming extremely expensive.
Next we celebrate the demise of CNN+, which is one of the first major instances of Woke Defunding. We'd like to see more. Why did CNN executives think there was a demand for this product, and what does it say for their news organization that CNN actually fake news'd themselves by telling employees the service was a massive hit?
We close the episode with another Weekly Antidotes, including The Last Kingdom and Severance, the latter of which benefitted from weekly episodes rather than Netflix's Binge and Burn strategy.