Most PPV is what, $50-$70? So subscribing to Netflix for $20 or whatever per month sounds like a bargain for anyone who is interested and not already a customer. Then assume some large percentage doesn’t cancel either because they forgot, or because they started watching a show and then decided to keep paying.

They want to break into sports because it’s such a big business and if you do sports you need to be able to stream live.

Live is the only thing that won’t be commodified entirely. “Anyone” can pump out stream-when-you-want TV shows. Live events are generally exclusive, unpredictable, and cultural moments .

Not sure why this is being downvoted. I can see your point - it’s much harder to this live but a lot of their cdn infra can be reused.