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Netflix/Streaming Service Conundrum
godawgst
Member, Swaye's Wigwam Posts: 2,554 
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watching Netflix implode again (it's went from 700 to $210 in 6 months) makes me wonder if cut the cord for tv, has now been replaced by cut the router with all the streaming services out there and who ends up surviving.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
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The reasons Netflix gave for its decline are laughable, with partial credence given to increased competition.
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. -
Netflix shows fucking suck now and they went full blown woke. They tripped over their own dicks. That is the reason for their decline.
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And they expect another 2 million next quarter when wall street was looking for a gain of 2 million.
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. -
What do you both mean by woke. I don't have and wouldn't watch enough of Netflix even if I did
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When there were shows about men giving birth, I was outgodawgst said:What do you both mean by woke. I don't have and wouldn't watch enough of Netflix even if I did
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Most of the other streaming service companies have additional revenue streams. Netflix does not.
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Lol Netflix isn’t losing customers due to woke programming. It’s literally their prerogative to have something attractive to as many fanbases out there. Having said that…
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. -
Netflix needs more tits.
And Ricky Gervais shows.
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It is absolutely losing viewers to wokeness.biak1 said:Lol Netflix isn’t losing customers due to woke programming. It’s literally their prerogative to have something attractive to as many fanbases out there. Having said that…
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. -
Just because Elon says it’s true doesn’t make it so. Woke content is not the driving factor in Netflix’s recent drop. I mean, Netflix has how many Dave Chappelle specials now?
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Netflix programming has always been mediocre, IMO. And the movie selection is always awful. Of all the streaming services, it's the one I never paid to view.
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. -
It doesn't help the binge watch model is biting them in the ass now that their prices are at a point where people question whether or not it is worth it. It use to be like what? $7 a month at one point and now it is $25. So people will let the contest pile up, subscribe for a month or two and binge everything, then unsubscribe. With Hulu, Amazon Video etc they at least release their shows on a weekly basis so people stick around for that.
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. -
I binged season 3 of 24 yesterday and made it to episode 24 then fell asleep 2/3 of the way. thanks prime video!
