§ 09 · SECTOR DEEP DIVE · 11 PLATFORMS
Gaming & Entertainment
Your Steam library is worth more than your Netflix subscription. Owned assets vs rented access.
11
Platforms
3.28
Mean B
3.51
Median B
9/11
Above B = 1
Key Structural Finding
Steam's non-transferable game library is the strongest consumer lock-in in digital entertainment. Netflix (325M subs, B<1.0) proves that massive scale with near-zero switching costs produces fragile revenue. The owned-vs-rented divide is the key structural difference: Steam users accumulate assets that deepen lock-in. Netflix users rent access that evaporates on cancellation.
Sector Rankings — Apple (5.64) to Disney+ (0.71)
| # | Platform | Ticker | Mkt Cap | Capture | Escape | B | Zone |
|---|---|---|---|---|---|---|---|
| 01 | Apple App Store | AAPL | (Apple) | 1.78 | 0.32 | 5.64 | BLACK HOLE |
| 02 | Steam | Private (Valve) | ~$15B | 1.58 | 0.30 | 5.32 | BLACK HOLE |
| 03 | Roblox | RBLX | $42B | 1.64 | 0.34 | 4.79 | BLACK HOLE |
| 04 | Google Play | GOOG | (Alphabet) | 1.57 | 0.40 | 3.94 | BLACK HOLE |
| 05 | PlayStation Network | SONY | $198B (Sony) | 1.34 | 0.37 | 3.64 | BLACK HOLE |
| 06 | Epic Games | Private | $30B | 1.47 | 0.42 | 3.51 | BLACK HOLE |
| 07 | Unity Technologies | U | $10B | 1.29 | 0.45 | 2.89 | BLACK HOLE |
| 08 | Xbox/Game Pass | MSFT sub | N/A | 1.26 | 0.54 | 2.34 | EVENT HORIZON |
| 09 | Spotify | SPOT | $128B | 1.13 | 0.49 | 2.31 | EVENT HORIZON |
| 10 | Netflix | NFLX | $476B | 0.70 | 0.71 | 1.00 | TRANSITION |
| 11 | Disney+ | DIS | $198B (Disney) | 0.51 | 0.72 | 0.71 | TRANSITION |
B-Index Distribution
Mean Parameter Profile
Capture Escape Extended