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from the pray-I-do-not-alter-it-any-further dept.
It's difficult to imagine that Friends, a show that ended 15 years ago, could be of any real importance to a modern streaming giant like Netflix.
In fact the sitcom, which features a bunch of 20-somethings living together in a time before streaming was even invented, is US Netflix's second-most watched show.
Today, Netflix announced that it's poised to lose its rights to broadcast the series to its original parent company, Warner, which plans to launch its own streaming service, HBO Max in the first quarter of 2020.
The blow follows another announcement in June that Netflix's number one series, the US version of The Office, is also being snatched back by its creators, NBCUniversal, to be broadcast exclusively in the US on its own yet-to-be-launched streaming service.
Old media, analysts are noting with no small amount of surprise, is suddenly bringing the fight to Netflix, and it looks like Netflix could be the one that gets knocked out, or at least very knocked around.
(Score: 2) by legont on Sunday July 14 2019, @04:06PM (4 children)
The biggest difference is that gold can't be easily devalued by the authorities. Yes, Romans and such shaved the coins and added silver, but it was a long process with limited results.
Gold or any other commodity money would hold value as long as community accepts it. Money, by definition, is a commodity used for exchange. In this sense Marx's prediction that money would dapperer and by the effort of the very capitalists has come to be already and most don't even remember what money is.
"Wealth is the relentless enemy of understanding" - John Kenneth Galbraith.
(Score: 2) by The Mighty Buzzard on Sunday July 14 2019, @04:20PM (1 child)
Dunno what gives you that idea. What they accept as $1 of value is entirely up to the government. They could easily make gold worthless except as a commodity within a decade.
My rights don't end where your fear begins.
(Score: 2) by legont on Sunday July 14 2019, @04:47PM
Roman emperors tried and failed. I doubt ours would be more successful.
"Wealth is the relentless enemy of understanding" - John Kenneth Galbraith.
(Score: 0) by Anonymous Coward on Monday July 15 2019, @12:16PM (1 child)
easily devalued
ORLY?
Executive Order 6102 [wikipedia.org]
(Score: 2) by The Mighty Buzzard on Wednesday July 17 2019, @10:52AM
If FDR weren't shit with money, we wouldn't be spending ~3/4 of what we take in in taxes every year on entitlements, so your point's just a wee bit undermined by your choice of example.
My rights don't end where your fear begins.