"The Concept of 'Platform Decay' Explains Netflix's Victory in the Streaming Wars"

Netflix has been declared the winner of the streaming wars as its competitors now license their content to the platform, signaling a shift in the industry. The concept of "platform decay" explains the paradox of Netflix's success and declining user satisfaction, attributing it to the platform's inevitable decline. Despite criticisms of declining content quality, Netflix's business performance remains strong with a growing subscriber base and stock price. The company continues to attract acclaimed directors and receives numerous award nominations. Legacy media companies are now licensing their content to Netflix, recognizing its dominant position in the streaming landscape.