‘Netflix Thinks Exactly Like an Old Movie Studio’

The past few months haven’t been kind to Netflix, at least according to the news. The company’s stock price plunged amid news of lost subscribers; it has had mass layoffs; and after years of growth and rosy predictions, its domination of the streaming world no longer seems a given. Such a fragile moment might feel like an odd time to double down on making expensive blockbusters. But that’s exactly what Netflix is doing.