So what is the move for them?
Plex has a two-pronged VOD service. They have ad-supported “live television” and they have content to rent.
I don’t know if that’s enough to sustain them but I don’t really care. I’ve been a PlexPass owner for over ten years. I have only asked that they resolve bugs and made requests for things like proper organization of classical music (which they’ve explicitly stated they will not consider).
You do bring to light something I hadn’t considered; that they see Plex as a business model. From my perspective, I want to buy a fully developed product with the expectation of bug fixes and security patches etc over time. I genuinely can not think of a single thing the developers have added to the service that I’ve used in the past ten years.
So, what kind of business model charges money to do things that don’t have an apparent impact on the user experience?
Plex has been one of my most used applications in the past decade. However, it has its limitations and they are actively imposing more limitations on the experience in favor of “a sustainable business model”.
The issue is that their sustainable business model is interrupting the users’ sustained use of a platform they’ve already paid for. I’ve had to go through all of my devices and disable all auto-updates to ensure I do not get the “New Plex Experience”.
What we should be asking is why “selling a product” is no longer a business model.
ragebutt@lemmy.dbzer0.com 1 week ago
Donations isn’t going to cover the hunger of a 40 million dollar VC round. Those investors want more than a return, they want plex profitable ASAP
ininewcrow@lemmy.ca 1 week ago
Investors are like parasitic leeches to any business model. As soon as you add them, the business has to grow in order to satisfy the leeches who provide no benefit to the model other than to be attached to it. If you ignore the leech, they’ll drain all your lifeforce, so you’re only option is to satisfy them and feed them. Unfortunately, they are also ravenous creatures who are never satisfied. If you feed them a little, they’ll want more next time in an endless cycle.
Once you are infected by investors … eventually they will destroy whatever you created.
tkw8@lemm.ee 1 week ago
You have this semi-backwards. The VC isn’t really a leech because Plex pitches the venture fund with a well developed enshittification plan already in place. Assuming everyone is acting in good faith (i.e. the VC doesn’t just want to just shut it down and sell Plex for parts), Plex’s (enshittification) plan is the reason it makes sense for the venture fund to invest in the first place. Plex promises their plan is why the VC will make an outsized return on their investment and it is what the VC validates as part of their pre-investment due diligence. But that plan is created (and sometimes even put into operation) before any VC investment occurs.
non_burglar@lemmy.world 1 week ago
Yes, you got this bang-on. Plex made the decision long ago.
Jason2357@lemmy.ca 6 days ago
Exactly. Plex could have been “profitable” in the sense that revenue covered infrastructure and paid a handful of full time employees, but that’s not what VC money needs.