On one hand, I agree. On the other, it looks worse than it actually is. The main reason this happened is because Paramount had a terrible year and booted their CEO.Quoting Grouchy (view post)
They don't. In this case, Netflix is only acting as worldwide distributor.Quoting TGM (view post)
They're willing to overpay to get marquee names, because it will draw industry prestige and industry prestige will draw other prestige players (potentially names like "Anderson", "Nolan", and "Linklater," etc). The downside is that they can only do it as long as their investors let them do it.
The people who should be most worried are producers/distributors like Anapurna and A24, because they're going after the same market but they can't match Netflix's payout.