At least with Netflix what happened wasn’t really their fault. The companies that owned the copyrights to the media that Netflix wanted to show wanted Netflix to fail, so they refused to license them anything good. They were willing to lose money by not licensing things to Netflix, and/or by trying to built a competing online video platform.

Netflix fought back by producing its own media. That was somewhat successful. But, their expertise was really in the distribution side of things. You can’t really spin up a world-class movie and TV studio in a few years, no matter how much you’re willing to spend.

It sucks that Netflix has killed the things that made it unique and good in order to survive, but it’s not like a lot of the other companies here that locked in a monopoly and then started to squeeze it.