Megan is funny and on target:
But something seems to make peoples’ brains drop right out of their heads when it comes to streaming media, causing them to issue pompous lectures to folks in other businesses about how their revenue model ought to work. The idea seems to be that if you like to watch television, you probably have a pretty good idea of how to make and market it to consumers, particularly if you have some actual experience in a completely unrelated digital content market.
I’ve noted the same about insurance:
This falls under the “If everyone else is an idiot, how come I’m not rich” category. In other words, these casual ideas about contraception or filter maintenance just might not cause insurance executives around the country to suddenly slap their hands to their fat foreheads and say “why didn’t we think of that?”. The fact of the matter is that if you can reliably take a few percent out of the loss and expense costs of homeowners policies without reducing coverage, you should go forth and make A LOT of money putting State Farm and Chubb out of business. If you don’t believe me, I’d be happy to bore you about combined ratios.