Broadway, Netflix, and a $150 Billion Upstart

Good Morning,Two of entertainment’s surest money machines have stalled. Broadway producers are conceding that the big musical can no longer reliably find audiences large enough to cover what it now costs to run one (The Hollywood Reporter). And Netflix’s investors have discovered that viewers aren’t returning for second seasons of even its biggest hits (Slate) — a subscription business built on renewal that now seems not to be. The audience didn’t vanish, though: mi