From a Hacker News perspective, I wonder what this means for engineers working on HBO Max. Netflix says they’re keeping the company separate but surely you’d be looking to move them to Netflix backend infrastructure at the very least.
This is a very common narrative to this news. But coming into this news, I think the most common narrative against streaming was essentially "There is not enough consolidation." People were happy when Netflix was the streaming service, but then everyone pulled their content and have their own (Disney, Paramount, etc.)
I don't want one company that owns everything, I want several companies that are able to license whatever content they want. And ideally the customer can choose between a subscription that includes everything, and paying for content a la carte, or maybe subscriptions that focus on specific kinds of content (scifi/fantasy, stuff for kids, old movies, international, sports, etc.) regardless of what company made it.
Now these are all solved problems, so there is no benefit in trying to compete on making a better platform / service. The only thing left is competing on content.
> I want several companies that are able to license whatever content they want. And ideally the customer can choose between a subscription that includes everything, and paying for content a la carte, or maybe subscriptions that focus on specific kinds of content
This seems like splitting hairs, it's almost exactly what we do have. You can still buy and rent individual shows & movies from Apple and Amazon and other providers. Or you can subscribe to services. The only difference is there is no one big "subscription that includes everything", you need 10 different $15 subscriptions to get everything. Again, kind of splitting hairs though. The one big subscription would probably be the same price as everything combined anyway.
It's sports that really have driven me away. I like collegiate wrestling. This is by no means a mainstream sport. But to watch what I want, I need to subscribe to flowrestling, ESPN, B1G, and BTN. The last two are really mind blowing, because the big 10 seems to think I need two subscriptions to watch a single season for a niche sport.
It's just too much for me to bear -- not financially, but morally. I won't reward such behavior, so I just don't watch.
Then there are all the games that are on broadcast and could normally watch them for free, but unless you have an antenna, you need to subscribe to get your local channel.
Now these leagues need to contend with my family and all the others like it where the kids won't have the nostalgia for that game that was on every Sunday. We don't watch the games, so we don't go to the games, so they'll never grow into being fans themselves.
The NHL does seem to try putting their games in front of their fans as the lone exception.