interesting to see the $NFLX sub growth slowdown like this: (cash spent on additions to content library + change in content liabilities + marketing spend) / net subscriber adds = a CAC measure that (I think) bakes in the cost of participating in the streaming wars. thoughts?
@andrewkimARK Not the right way to think about their efficiency I don’t think. Incremental customer viewing hours versus incremental content spend is the better measure
@wintonARK @andrewkimARK Maybe both metrics have use in knowing. One is measuring how content investment is measuring investment as it relates to new dollars being made. And the other how the content investment relates to an increasingly captivating attention machine. Both seem useful to me. Why not both