💯 Studios could have focused on producing film and TV to sell to tech companies like Netflix to fill their libraries.
Instead they decided to compete with Netflix and launch their own streaming services, and became unwitting tech companies.
Turns out running a tech company sucks.
NBC could have sold The Office syndication rights to Netflix for $500m and instead launched Peacock, a service nobody wants to use and needed $500m in subs just to break even.