Jessica Reif-Ehrlich

So the pivot now is when having enough quality content to try to keep churn to a minimum, but grow your profitability. So there is a sea change in what's going on. Content spend is coming down for everybody, including Netflix.

So the pivot now is when having enough quality content to try to keep churn to a minimum, but grow your profitability. So there is a sea change in what's going on. Content spend is coming down for everybody, including Netflix.

So it's the traditional media companies competing with the fan companies who are much better capitalized. And they use streaming to drive other businesses.

So it's the traditional media companies competing with the fan companies who are much better capitalized. And they use streaming to drive other businesses.

So the pivot now is when having enough quality content to try to keep churn to a minimum, but grow your profitability. So there is a sea change in what's going on. Content spend is coming down for everybody, including Netflix.

So it's the traditional media companies competing with the fan companies who are much better capitalized. And they use streaming to drive other businesses.