Member Mailing #288: Why Growth in Streaming May Be Too Expensive for Shareholders

Key Takeaways

• Both Netflix's and Spotify's recent pivots create a stark contrast to legacy media companies doubling down on streaming. 

• After user growth plateaued in 2021, higher content spend may be increasing their execution risk and not solving for it.

• Through the lens of growth, higher content spend also creates additional risks to future profits.

• The …