Feb. 14 at 3:34 AM
$NFLX It's using AI already. The issue is the barrier to entry is eroding and will not be high enough to stop every little huckleberry from starting his own broadcast studio. David Letterman during his heyday had 13 million viewers. Now, the top network late night talk show host draws only 2-3 million. Why do you think that's the case: first, there are more viewing options. But Youtube also makes short talk show clips available and is cannibalizing network content. It's a slow drip and lowers the expected growth rate: that results in lower multiples and NPV. Understood? NFLX will still survive for many years but will be subject to a thousand paper cuts from smaller content creators going forward.
https://www.hollywoodreporter.com/business/business-news/netflixs-ted-sarandos-gen-ai-1236319038/#:~:text=July%2017%2C%202025%202:59pm,visual%20effects%2C%E2%80%9D%20he%20added.
