Alex Kretzschmar

That's not a good business model.

Like recurring revenue, that's what you need to build a business around.

Yeah.

It's interesting.

If Plex launched today with its client app suite, with its fit and finish and polish and codec support and everything else, I'd probably pay five, 10 bucks a month for it and not think twice.

But because it has been free for so long, or in my mind at least, I paid that lifetime fee and it is free forever after that.

It's tough.

You can't ever really charge for something that used to be free or used to be on a lifetime tier.

So they kind of ruined their business model 15 years ago and they're kind of paying for it now.

So it's tough.

It's tough for them.

I do think piracy is going to have a moment as, you know, inflation continues to bite and people just can't afford, you know, as the media space continues to homogenize, you know, you saw the Warner Brothers acquisition by Netflix recently.

Those massive corporate mergers are never good for consumers.

They're just, it's always going to result in long-term higher prices, less choice, less content.

More gates.

Yeah.

Yeah.

I do think piracy will have its moment over the next few years as a result of all that homogenization.

We kind of had a nice honeymoon period for the last decade or so.

led by Spotify, I think, where that was all you can eat.