I think $NFLX the iconic company is in a tough spot. The slower growth comments from their Co-CEO this week will be blamed on a shift to live programming. I don't think that's the actual issue. Live programming does contribute lower watch hours per dollar of content spend… but it also over-indexes in terms of generating new engaged members… which should greatly offset the headwind. So what is the issue? I think it’s fierce competition. When $AAPL, $AMZN & $GOOGL have all prioritized their streaming libraries… When they don’t need to make much money on those libraries… & when they have far more money to spend than Netflix does… How is the pure play supposed to sustainably compete? I don’t have a good answer to that question… so I focus elsewhere.