NFLX
4 posts
NYT Write-Up
barriers to entry
For the first time in years, investors have become pessimistic on the main drivers of NYT’s business model – its digital news subscriber potential & its digital news pricing power. This write-up examines base rates for both of these drivers.
Scale Economies Shared
Flywheel
Scale Economies Shared businesses have a flywheel because their competitive advantages increase as the business grows larger, making it harder and harder for competitors to offer as much value to customers.
39 min read
The Nature of Content: New York Times vs Netflix
Investing
How does the nature of content impact long-term margins at media businesses? All else equal, the more durable your content, the less you need to continually spend on content creation. Let's explore that.
When Fixed Costs Turn Variable
Investing
What happens when a variable cost turns fixed? What happens when a fixed cost turns variable? Let's explore.
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