Netflix induced — I would say to some degree seduced — all these companies to go into streaming to lose huge amounts of money to try and build a competitive streaming service. They degraded their investment in cable because of the effect of Netflix on cable. They degraded their investment in their broadcasting arms.
I actually like the [Deadline piece] (https://deadline.com/2023/08/barry-diller-wga-actors-strike-media-companies-netflix-streaming-tech-giants-1235533447/) on this interview better.