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.
Cable TV started out as a means to broadcast network TV in areas where they couldn’t get it over the air. Those stations always had ads.
Then came nationwide rebroadcast of local “SuperStations” in Atlanta (TBS) and Chicago (WGN) with ads.
There has never been a time where basic cable didn’t have ads
After that came ads for what was going to shown on other channels as well, but again they'd never interrupt the programs you were watching and there zero ads for things like cars or laundry detergent.
Then slowly, a few channels started adding them in various formats until eventually there was little difference between ads shown on cable and ads on broadcast TV
Here's an article from the 80s talking about ads slowly but surely encroaching on what was essentially an ad free space: https://web.archive.org/web/20180120172105/https://www.nytim...
some choice quotes:
> When cable first came on the scene, one of the most important points it made was that it was a non-commercial alternative to television,'' she says. ''Now advertisers are saying, 'Here's another place to think of on a costper-thousand basis.' ''
> A much-cited - and widely disputed - study by the Benton & Bowles advertising agency found that the public would accept advertising if it meant a reduction or a holding-of-the-line on subscription fees
> The bottom-line assessment of cable advertising is that it is too good to turn down. ''Who wants advertising on cable?'' Mr. Dann asks rhetorically. ''Anyone who wants to make money.''