in which the Hollywood Reporter, of all outlets, attempts to explain our very good friends and their billionaire very good friends to normal people (www.hollywoodreporter.com)

submitted 3 months ago* (last edited 3 months ago) by dgerard@awful.systems to c/sneerclub@awful.systems

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[-] Soyweiser@awful.systems 8 points 3 months ago* (last edited 3 months ago)

If you were to stick a pin in a timeline at the exact moment Silicon Valley declared war on Hollywood, it would likely land on Aug. 29, 1997. That’s the date Reed Hastings and Marc Randolph got together in Scotts Valley, about an hour south of San Francisco, and started a little DVD delivery company called Netflix.

Weird bit of critihype that ignores a massive amounts of things. Napster and Blockbuster for example. Massively overestimates the power of SV imho, and a bit ironic as of all the various media providers like Netflix, netflix is often not considered that highly from what I can tell. (In .nl iirc the big non-american providers are also the NPO and Videoland owned by RTL. Both traditional players in the market.

[-] V0ldek@awful.systems 5 points 3 months ago

as of all the various media providers like Netflix, netflix is often not considered that highly from what I can tell.

Well, it should not be considered that highly, but for some god damn reason they occupy a letter in FAANG since forever.

Probably only because if you remove the N the acronym stops being that cute.

[-] froztbyte@awful.systems 6 points 3 months ago

FAANG came about because of "unexpected growth" in how those could "surprisingly" capture money, as time has passed it's become clear how all of them did so in pretty shitty ways (of the bigtech-flavoured "it's better to never ask for permission, fuck 'em" variety)

netflix's burgeoning unpopularity is a far more recent thing. I could guess at a few inputs, but not really sure how much each contributed

(idle thought: without the N, it's probably be GAFA or something, or finding another letter to substitute and make a tortured reference out of that)