Why Netflix Surged

Jun 20 2011 @ 7:20pm

Jonathan Knee argues that "content isn't king":

[T]he dirty little secret of the media industry is that content aggregators, not content creators, have long been the overwhelming source of value creation. Well before Netflix was founded in 1997, cable channels that did little more than aggregate old movies, cartoons, or television shows boasted profit margins many times greater than those of the movie studios that had produced the creative content.