adamconover
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The Difference Between a Monopsony and a Monopoly (and Why It Matters for Your Favourite TV Show)
You’ve probably noticed your favourite streaming giants, the likes of Netflix, Hulu, and HBO Max — once the haven for creators lured in by the freedom to make shows that would never fly on broadcast TV — are increasingly resorting to tactics like subscription price hikes and a shift to cheaper, more formulaic (aka “safe”)…