Let’s say they want more money: they do have a healthy software subscriptions business. How can they get more by becoming the world’s tiniest streaming service? And won’t that cannibalize their subscriptions business as the experience gets shittier and shittier?
Some actual “whys” within this would be things like (made up, but for example)
the subscriptions business is dying - less than 1% of users ever buy a pass and efforts to increase that failed for (another reason here)
streaming services are dumping cash into viewer acquisition because a war is on for dominance in that space and Pled is capitalizing on that
Plex has high overlap with gamers and are making good money on midroll gaming ads during these streams
Plex has legal concerns about facilitating piracy - this is the real reason why sync is shit and they killed watch together. They are desperately trying to pivot out of their old business before they get sued - OR all this streaming nonsense gives them a kind of fig leaf over that somehow
See, issues can be complex and interesting. Just calling them greedy is neither. How is this the greedy play, even?
Nobody outside Plex’s finance department is going to have what you’re looking for if those examples are anything to go by.
What it comes down to is they have $130M that investors are going to want back and all the decisions they’re making now are aimed at doing so. That doesn’t mean any of those decisions are good or are going to work. It didn’t even mean they won’t backfire and have the opposite effect.
Anyone who has knowledge of or works in any areas adjacent to any of these could provide some kind of insight. Fuck me for wanting some grownup conversation about why businesses do the things they do, instead of a circle jerk of hating on mustache-twirling villains.
As predicted, a one-dimensional answer.
Let’s say they want more money: they do have a healthy software subscriptions business. How can they get more by becoming the world’s tiniest streaming service? And won’t that cannibalize their subscriptions business as the experience gets shittier and shittier?
Some actual “whys” within this would be things like (made up, but for example)
the subscriptions business is dying - less than 1% of users ever buy a pass and efforts to increase that failed for (another reason here)
streaming services are dumping cash into viewer acquisition because a war is on for dominance in that space and Pled is capitalizing on that
Plex has high overlap with gamers and are making good money on midroll gaming ads during these streams
Plex has legal concerns about facilitating piracy - this is the real reason why sync is shit and they killed watch together. They are desperately trying to pivot out of their old business before they get sued - OR all this streaming nonsense gives them a kind of fig leaf over that somehow
See, issues can be complex and interesting. Just calling them greedy is neither. How is this the greedy play, even?
Nobody outside Plex’s finance department is going to have what you’re looking for if those examples are anything to go by.
What it comes down to is they have $130M that investors are going to want back and all the decisions they’re making now are aimed at doing so. That doesn’t mean any of those decisions are good or are going to work. It didn’t even mean they won’t backfire and have the opposite effect.
Anyone who has knowledge of or works in any areas adjacent to any of these could provide some kind of insight. Fuck me for wanting some grownup conversation about why businesses do the things they do, instead of a circle jerk of hating on mustache-twirling villains.