WeWork is at least in a weird liminal space where it's selling a "vibe", and for nowhere near enough to meet its costs (thanks VCs!).
On your first point (butts in seats), Netflix's approach does reflect the new reality of how we consume content. Netflix doesn't care if you watch Bridgerton or Seinfeld or Rebel Moon as individual properti…
WeWork is at least in a weird liminal space where it's selling a "vibe", and for nowhere near enough to meet its costs (thanks VCs!).
On your first point (butts in seats), Netflix's approach does reflect the new reality of how we consume content. Netflix doesn't care if you watch Bridgerton or Seinfeld or Rebel Moon as individual properties, they only care if you retain on the service. If watching one episode of Seinfeld a month is enough for you to keep paying them $20 forever, great. If it's Rebel Moon, great. If it's 50% Bridgerton, 20% Mike Flanagan, 15% Orange is the New Black and 15% whatever new thing, great. They're much more like a cable company that knows they have to offer both HGTV and ESPN to keep subscribers, but doesn't much care how subscribers spend their time.
WeWork is at least in a weird liminal space where it's selling a "vibe", and for nowhere near enough to meet its costs (thanks VCs!).
On your first point (butts in seats), Netflix's approach does reflect the new reality of how we consume content. Netflix doesn't care if you watch Bridgerton or Seinfeld or Rebel Moon as individual properties, they only care if you retain on the service. If watching one episode of Seinfeld a month is enough for you to keep paying them $20 forever, great. If it's Rebel Moon, great. If it's 50% Bridgerton, 20% Mike Flanagan, 15% Orange is the New Black and 15% whatever new thing, great. They're much more like a cable company that knows they have to offer both HGTV and ESPN to keep subscribers, but doesn't much care how subscribers spend their time.