I have never seen that happen. I have only seen companies get bailed out. It’s been decades since a giant insolvent company was split apart and sold for pennies on the dollar. They just enough money to buy financially solvent competition
They did a better job by offering an unsustainable variety of programming from all the studios in one place at the same time. All of the competitors at the time only offered financially viable services.
I believe in ai now because I looked at the Netflix balance sheet and thought. “There is NO WAY they could become profitable they are spending wayyy to much money and have way to much debt. It’s financially impossible to get out of this hole”
I understand how it worked and how it could not have. There are a lot of ways this could fail on AI but there are some real ways forward. AI has a similar application reach as the internet. It’s world changing.
I see why meta and google are going in hard. They lived though the rise and fall of blockbuster. They saw Sony release 3 different steaming services before after and during Netflix. This is the disruption for the current generation of tech and their revenue model.
Someone is going to ‘Win’ AI and a lot of others will loose.
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