What are the benefits and downsides of streaming services?

One of the most interesting topics relating streaming services, particularly services like Netflix and Spotify, is that these companies are pre-revenue. Just last year, Netflix spent almost 10 billion dollars on content, which is even $2 billion more than they originally intended to spend. Spotify is the same way. They’re spending large amounts of money to gain access to more music, while also trying to grow their subscriber base. Neither of these companies are making money. They are playing the long game. They know in 10 years they’ll have so much content that they won’t have to spend billions of dollars each year—they will already have a ridiculous amount of entertainment to offer new subscribers. I think this is a great strategy, and it definitely benefits the consumer. We are lucky enough to live in a golden age of TV, where high quality programs are being released left and right. Netflix and Spotify are the pioneers of the streaming industry, And I can’t wait to see what each company has in store in the future – shanethewriter 6 years ago
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One of the benefits of streaming services is most definitely the convenience. There's nothing like the feeling of booting up the Netflix app and watching a movie/show you are invested in from the comfort of wherever you are. There's also the exclusive content that can't be seen anywhere else because other networks didn't want to invest in it. The biggest downside is that nothing lasts forever on a streaming service, not even the exclusive shows produced in house. Netflix's most viewed shows are licensed shows like Friends and The Office, but Warner Bros owns Friends and NBC owns The Office, two networks that have their own streaming services in the works and are currently trying to take those shows off Netflix. Netflix exclusive shows like Sense8 or One Day at a Time, the type of shows that aren't offered anywhere else get canceled because of the lack of viewership. Marvel shows that were Netflix exclusives like Daredevil get canceled because of the emergence of Disney+. There's also the fact that there are a lot of streaming services in the works where it'll get to the point of being just another of cable television – cbo1094 6 years ago
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One of the benefits of streaming services is easy accessibility. Traditional cable and broadcast television could only be accessed in the one place. At home, in the lounge or the bedroom, or wherever the TV was. Streaming services can be accessed only more than one device, including more than one portable device. Should you have a lengthy break between meetings/classes but not too lengthy that you can leave the building? Whack on the next episode of the show you're binging. The biggest downside to streaming services and in particular to that easily accessible aspect is the addiction that comes along to it. There is virtually no effort in starting a new TV show or movie and that can sometimes distract some from the real work they need to do. – olivialocascio 6 years ago
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I think that although the convenience of streaming sites is a benefit, it can also be a disadvantage. With so much convenience humans become lazy. Instead of having the fact that there is nothing interesting on TV at a particular time to encourage us to go do something active, we always have an excuse to sit and just watch a screen. – HannahTurner 6 years ago
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Streaming services, even ones like Amazon Prime Video who still use advertisements, are the next step in the evolution of the television medium. It allows for more personalization of the viewing experience: namely, letting the viewers choose what they watch instead of programming it for them. More importantly, it allows for more controversial, hard-hitting content which the old corporate controlled system prevented. I just wrote a paper on Rod Serling’s legacy in television and censorship. I agree with him that artists shouldn’t be dictated by corporations. They are two different worlds. – KennethMay 6 years ago
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A downfall of streaming is definitely the issues of acquiring content. The best example I can I think of is Spotify’s spotty content; unfortunately you can’t get every single album or single on Spotify, especially movie albums. This promotes users to spend money on another subscription to somewhere like Apple Music or going out and purchasing the album or single physically or digitally; in some cases purchasing isn’t an option either, creating a rift for the streamer. – roraruu 6 years ago
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here's a helpful podcast by freakonomics about this for whoever takes this on: http://freakonomics.com/podcast/spotify/ – emaglio 6 years ago
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