This is what happens when you get rid of half your content and just make your own. Especially when a lot of them are crap.
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Netflix stock drops more than 10% as earnings show huge decline in new subscribers
- Thread starter BringBackSonics
- Start date
Netflix continuing to be a streaming package for other people's content would have literally been a Blockbuster-esque movie. They'd cease to exist.
They lost 126K domestic subs in the quarter. I'm surprised to hear that. Sure, saturation is a concern for growth, but to actually lose subs, and we're still four months away from Disney+, wow. I thought even with the price hikes it was still good enough value and cheap enough.
dat boi I'm curious, do you and your sample set have other streaming services, or cable package? If you only had Netflix, are you spending that sub money on some other service or just doing without stuff to watch and saving the money?
dat boi I'm curious, do you and your sample set have other streaming services, or cable package? If you only had Netflix, are you spending that sub money on some other service or just doing without stuff to watch and saving the money?
To be fair, a lot of the content was pulled from them. Investing in their own content was really the only thing they could do. Once other media companies saw how much cash Netflix was pulling in, everyone wanted to build their own service to serve their content. The only way to stop content from leaving is to own it.
Yep I'd say most of us had some combination of netflix, Hulu, ESPN, and HBO now (for game of thrones). I honestly don't know very many who still pay for cable, because it seems like my friends and co-workers prefer the streaming services. And until somewhat recently, everyone I talked to used to use Netflix predominantly for their needs but nowadays they seem to just subscribe once in a while instead of keeping their subscriptions going. This is just what I've noticed from word of mouth though.
Edit: Amazon prime is another one too, but that's probably just because everyone has that for the delivery anyway.
When literally everybody and their mother already has or shares an account. There's not really much room for growth. Especially since they now face intense competition which is making people really question which services they are subscribing to, really only wanting to pay for 1-3 at most, and then going back to the olden days of pirating the rest.
Anything else, and its more easier for them to pirate than be legal.
Seriously. These idiots are going to be their own downfall. People have shown quite clearly they don't want the cable model, they don't want to pay for a million services, and they don't want to have to use a million services and search for where what they want is hidden. They just want to pay the $30, then open one app. And. That. Is. It.
Anything else, and its more easier for them to pirate than be legal.
Combined with a significant slowdown in new subscriptions, that's why the valuation has declined.
Stock analysts are pretty sharp. If the stock price drops, it's because there's some smart people who are skilled at predicting good or bad decisions of a company.
Still need to make good content.
Outside of a few big shows, Netflix has really shoddy quality. It's not really significantly better than cable or network TV, which is what people are looking for if they're going to subscribe.
I smell it now... Netflix - An Amazon (or Apple) Company - coming to you 2022. I think the next two years will be really hard for Netflix, but eventually, outside of Disney, streaming won't be sustainable for the smaller players and they will look to bring their content back to some of the bigger players.
By smaller players I mean CBS All Access, Whatever Comcast is doing with NBC Universal, and whatever else is supported on Hulu. Now that Disney is majority owner of Hulu that will end up getting swallowed up or merged into Disney+. It is definitely going to be interesting times.
By smaller players I mean CBS All Access, Whatever Comcast is doing with NBC Universal, and whatever else is supported on Hulu. Now that Disney is majority owner of Hulu that will end up getting swallowed up or merged into Disney+. It is definitely going to be interesting times.
With some of the recent cancellations, Netflix has lost a lot of the good will it once had and is starting to seem just like any other tv company. Self-inflicted wound imo.
It;s almost getting to the point where having cable and on demand in one service is starting to sound appealing lol. I've actually thought about it.
Prices going up, increased competition, and loss of content taking their toll. It was only a matter of time before their user base dipped.
It's a fraction of the price of a cable package though, and better value than HBO (certainly, if you've seen their great shows over the years until now). We have cable + HBO + Netflix + Amazon which is too much content, however that means I always have things I want to see on Netflix because it's not my only TV source. There's very little on Amazon Prime or Hulu that interests us.
yes, im fully expecting a "home" feature to being added soon to being able to stream content or something. Because a LOT and I mean a LOT of people share accounts........most folks i know are spread across 4 houses.
Yeah, Netflix couldn't continue by just hosting other's contentm. At some point they'd have nothing left.
They are going to lose a lot people people on this plan when Disney+ comes out. It's more than double the price of Disney+ which will also have 4K HDR content.
Yeah I'm salty too that Santa Clara Diet got canceled for what will probably be garbage new shows by comparison. SCD is so good, Netflix needed to promote it better instead of can it.
Price increases will drive people away. I even disconnected mine because of them, though I came back for Stranger Things.
I think right now its the price increase. The effect of shows being removed isn't felt yet.
Do you plam on keeping your sub more than a month though? I think this will be Netflix problem in the future and I can see them going to a weekly release schedule for shows like on tv.
Cable was one service with 100-200 worth of channels you never watch full of ads, and they force you to subscribe to packages.
Still better but the price point is creeping upwards.
Cord cutters did it to save money.
People are too squeezed for money to subscribe tomany things at once too.
I'm sure Disney+ will start creeping up in price over time.
I get Netflix free through T-Mobile. If I didn't I would have canceled after stranger things and waited for the next season. That's the problem with content system like this, they'll never be able to keep enough good content in the pipe. Any wins will be fleeting.
I dropped my sub down from the highest tier to the lowest this past month. I've been watching it less and less, and I'm likely to cancel it all together once Disney's service launches. If something comes out interesting enough to resub, I'll do so then drop it again.
I unsubscribed. At that price it doesn't make sense to keep a month-to-month subscription.
Funnily enough, Netflix's own price increase made me choose between it and Hulu. Not that Hulu's content was better per se but there were shows on it that I wanted to continue watching currently and Hulu's price is better month-to-month. If there's something on Netflix that I want to watch, I'll switch subscriptions temporarily.
Funnily enough, Netflix's own price increase made me choose between it and Hulu. Not that Hulu's content was better per se but there were shows on it that I wanted to continue watching currently and Hulu's price is better month-to-month. If there's something on Netflix that I want to watch, I'll switch subscriptions temporarily.
Netflix should be scared. Alot of people signed up for other services just to watch Game of Thrones, and then dropped it when it was done. These people now got the idea in their head that hey, maybe we dont need netflix 12 months a year..
Minimum wage hasn't noticeably increased in that time period (Yet) and Netflix targets the mass market
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Cordcutternews polled his followers and he found out that about 50% of Cable scrubbers also subscribed to a Netflix or Hulu. We just cancelled cable and we had Hulu, Netflix and amazon prime.
After the price increase the quality of the movies and shows has declined.
What really annoys me though is that you can't even organize your own list properly or make multiple lists.
What really annoys me though is that you can't even organize your own list properly or make multiple lists.
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We will likely cancel. I'll likely add for one-two months to catch up on Last Kingdom, Peaky Blinders and Ozark
yeah, I don't know what netflix can do, bar pulling more rabbits out of the hat that reach the success of early house of cards/stranger things
they don't have the exclusives. disney and others are going to beat them here 100%.
rights to shows are also getting more and more expensive as there's more competition in the streaming marketplace.
I really only use it for anime now, and only because my parents/sister use it too. If they didn't, I wouldn't pay for it.
they don't have the exclusives. disney and others are going to beat them here 100%.
rights to shows are also getting more and more expensive as there's more competition in the streaming marketplace.
I really only use it for anime now, and only because my parents/sister use it too. If they didn't, I wouldn't pay for it.
Their free cash flow is something to be concerned about though. Netflix is throwing money at anything they can in order to get more content and hopefully more subscribers. That strategy clearly isn't working anymore.
I, unfortunately, see them being acquired/merged sometime in the near future to bring down costs. Large media companies can develop and stream their own content because of built-in efficiencies. Netflix doesn't have this advantage.