[trocadero]

>They have absolutely changed the direction of television in pretty much all respects, from release cycle, to delivery to even marketing.

A lot of this is the classic play of using investor money to buy users. Netflix has been burning billions because they don't charge enough for the content they provide. That problem is getting worse as the streaming market becomes more of a primary distribution channel driving the cost of streaming rights up. We've already seen that happen as Netflix catalog shrinks despite all of their original programming.

Basically, Netflix's product is getting steadily worse while their costs are going through the roof.