To The Moon

Netflix is doing a stage play of Stranger Things. They are milking Stranger Things for every dollar they can, as they should. The problem is, it highlights just how important name brand content is, especially as prices will have to go up for streaming services. Disney, Comcast/Universal, Paramount, Warners/HBO max, all these companies have multiple name brand properties that are known worldwide, whether it's Marvel or Star Wars or DC or Harry Potter or Fast &Furious or even Top Gun. These types of properties continue to bring in dollars through multiple revenue streams forever. Reed Hastings should have realized this earlier and spent more money to buy existing properties, much like Iger bought Lucas and Marvel and Pixar. He claims to have known that companies would eventually pull their content from Netflix, but if he knew that he should have also realized that creating homerun evergreen properties is very hard and very expensive. For all the mega billions Netflix has spent so far on originals, Stranger Things stands as the one shining light. Even companies like Mattel are now looking into a theme park with properties like Barbie and Hot Wheels and Masters of the Universe. Netflix has to really up their game in terms of name brands. In time, this weakness is going to hurt them even more than it already is.$Netflix(NFLX)$