On the subject, the problem with Netflix was that they tried to have it both ways. They seemed to think they could significantly increase output without decreasing quality. So saying that the failure of the new strategy is prudence ignores the fact that reckless spending got them into this position...bankruptcy tends to force prudence, but that is ex-post...prudence is not the cause of bankruptcy.
I think this should indicate that problems with NFLX are slightly more fundamental. I am sure they have the capacity to produce great shows. Look at their debt, look at how much capital they have committed to production...you can produce multiple "best ever" shows, and it won't get you out that hole.
An executive is quoted, on their strategy, as saying “We succeed if 1 in 10 shows is a hit.” I think it’s pretty clear they didn’t think they were pumping out pure winners.
If the events mentioned in the story are in fact a cause of NFLX's decline is another story. People were forced inside(globally) during the pandemic and consumed alot more media than ever before in history. The quality of shows at NFLX has gone down considerably the past 2 years. NFLX pushed a show that alienated alot of people with Cuties. Friends and other hit shows left NFLX. Inflation has hit a 40 year high and gas and food are expensive, people are cutting costs and NFLX seems like an easy cut.
Would Cindy have stopped all of the above events? Maybe the quality issue but costs(under her) seemed steep, who can say? I think no matter who is at the top NFLX would have suffered in some way. If Ted had chose Cindy instead of Bela Bajaria we would have a similar article talking about Bela's sources and how Cindy's excessive spending and smaller show lineups are killing NFLX.
Given that the journalist goes out of her way to include this, it's not a mystery why "wokeness" is not mentioned in the article :)
https://www.hollywoodreporter.com/tv/tv-news/he-makes-you-fe...
Well, the people blaming "wokeness" aren't connected to reality anyway, so I doubt that any evidence will change their mind.
But it's ironic if the reign of an "anti-woke" Chapelle loyalist is what tanks them.