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Netflix/Streaming Service Conundrum
godawgst
Member, Swaye's Wigwam Posts: 2,525 
Know this is the Crypto board, but watching Netflix implode again (it's went from 700 to $210 in 6 months) makes me wonder if cut the cord for tv, has now been replaced by cut the router with all the streaming services out there and who ends up surviving.
On one hand, Netflix is the clear cut largest one out there and has billions to throw at original content, along with belief that stopping sharing of passwords and having a ad supported version will change their fortunes and hopefully resume subscriber growth.
On the other hand, with all the other streaming services out there who are going to keep their content in house, what happens when Netflix has millions of hours of shows that no one wants to watch because they weren't born when it was made.
And then there's tik tok, Facebook Reels, and the big elephant in the room Google who's youtube content is free to them, make money on the ads that run, and double the amount of hours in total that Netflix viewers watch their content every month.
Would you buy/sell/hold down here? I started a position today, but can see it being up 50% in year, or being cut in half from here just as easily.
On one hand, Netflix is the clear cut largest one out there and has billions to throw at original content, along with belief that stopping sharing of passwords and having a ad supported version will change their fortunes and hopefully resume subscriber growth.
On the other hand, with all the other streaming services out there who are going to keep their content in house, what happens when Netflix has millions of hours of shows that no one wants to watch because they weren't born when it was made.
And then there's tik tok, Facebook Reels, and the big elephant in the room Google who's youtube content is free to them, make money on the ads that run, and double the amount of hours in total that Netflix viewers watch their content every month.
Would you buy/sell/hold down here? I started a position today, but can see it being up 50% in year, or being cut in half from here just as easily.
Comments
I ended my Netflix subscription three months ago because of all the woke nonsense on there. I had no idea that many others were doing it too. 200,000 lost subscribers in the first quarter of 2022.
For me, they have become just like every other Broadcast Network, who's rise/fall depends on the quality of shows they develop and how many can't miss hits they can produce.
What they have found out, is that the success rate for developing those shows is 1 in 20, which means alot of $ is flushed down the drain.
It’s losing because it’s canceling shows after 1-2 seasons instead of green lighting up to 3,4,5 seasons to build a more traditional arc for viewers. It’s losing because they keep raising the cost. It’s losing because it’s taken the time-honored UW approach or blaming customers (I.e. fans) for its losses with password sharing. Never mind the fact that Netflix actively encouraged this behavior a few years ago. They’re losing because they were artificially inflated with COVID viewership numbers and now that things are getting back to normal, people are doing other things. And yes, there are more competitors now.
As I said in another thread, these streaming services are just re-creating cable on the internet now, which is exactly what people don’t want. The greed and stupidity is astounding but not surprising. It’ll just send people to piracy in droves.
And Ricky Gervais shows.
I thought the whole (original) point of streaming was to watch regular cable tv channels by cutting out the middle-man (Comcast) so that you didn't have to pay for a bunch of channels that you don't care about. Seems like all the streaming options are trying to turn in to movie studios and mini-Comcasts, as was pointed out. I would rather pay for about 20 channels of tv programming and not care about any of the rest of it.
I hadn't watched a Netflix series in awhile and about a week ago decided to try one out called "Pieces of Her". Might be one of the worst shows I have ever watched in my entire life. Netflix went from having a couple Netflix originals that were actually pretty good (early House of Cards, Stranger Things etc). Now they just pump out series after series with plots that were developed in 20 minutes by a 16 year old in a creative writing class.