"The Concept of 'Platform Decay': Netflix's Strategy in the Streaming Wars"
Originally Published 2 years ago — by Yahoo Finance
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. Despite this, some users are dissatisfied with the declining quality of Netflix's shows, which can be attributed to the concept of "platform decay." While user enthusiasm for streaming services has waned, 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 have accepted Netflix's dominance and are now licensing their content to tap into its vast audience, indicating a shift in competitive dynamics within the streaming industry.