I do wish they'd pick up a few more good Sci-Fi shows and then cancel them to confirm my personal grudge. It's so hard to waste my time on today's Sci-Fi...get off my lawn, etc, etc.
From the article, fyi.
> slowing at a rapid pace because of increasing competition from Apple, Amazon, Disney and HBO.
I don't doubt that but I do suspect other services will see some slow down too as a result of general bullshit and uncertainty in the economy. It's never really just one thing.
Then again...yeah Disney+ is a really good deal. And Amazon's numbers are inflated from other Prime stuff. I'm just an old man yelling at a screen from his arm chair because I can't trust anyone.
I predict Netflix will change two things business wise: 1. Ads. 2. No content dumps, instead 1 episode/week.
Ads and high price is why everyone cut the cable in the first place. (And poor content)
https://www.msn.com/en-us/money/other/netflixs-ceo-says-hes-...
How can anything slow at a rapid pace?
Rapid deceleration. Just because a car is still moving, doesn't mean it's moving as fast as it was 1 second ago.
It wasn't just the analysts. Netflix itself missed big in their forecast.
because of increased fragmentation, torrents are becoming a big competitor again?
I'm already paying for Netflix, Amazon Prime, and HBO Max. Sharing those with friends, and receiving Disney+ and Hulu in return. We're back to where we started, with everything dashed across a bunch of different 'networks', and I left entirely because of the steep cable bill.
Like hell I'm going to add even more services, like AppleTV or Paramount+.
Torrents are too complicated for most people, compared to the ease of buying an 'Android TV box' at a cell phone store, Craiglist or flea market, and paying $15/month for cable channels and TV/movie streaming. The UI is relatively good, worlds apart from the 2010 era when finding shows and episodes required going through a list of gorillavid.com links.
Yeah but Netflix is the one that most frequently gives me hope before smashing it. Ha ha, I got to get out of these abusive relationships.
Another pet peeve is the grouping of sci-fi with fantasy or horror. There are few cases where there is sufficient science in the fantasy or horror that obeys some premise (e.g. differing physics) but mostly the grouping is noise.
What Netflix really needs is genre search that respects "-" as in "sci-fi -horror -fantasy".
Would suggest: Katla
Ad Vitam
a throwback not on Netflix rn: Continuum
As recently as Feb., mgmt was forecasting 2.5 million growth. (much lower than 7 million consensus)
I'm sure their inability to forecast isn't helping.
Management's loss "reasons" all seem valid, but don't forget the production aspect (which is much closer tied to competition)
> "In an effort to continue to gain share in the market, Netflix has increased its content spend, particularly on originals. To pay for it, it’s hiked prices of its service. The company said Tuesday those price changes are helping to bolster revenue, but were partially responsible for a loss of 600,000 subscribers in the U.S. and Canada during the most recent quarter."
My observation is that they are selling attention addiction like Facebook without caring about quality content recently. Ex: Korean copycat shows and "documentaries", just because both categories tend to rate higher on IMDB. Seems like a decision a PM will make, based on metrics to improve profit, not quality - i.e. give users what they want, even if it is bad for them (or the business) in the long term (as seen with competition's content quality)
PS: Similar thing happened with Facebook back in February. The point is it might take years, but eventually the bs will catch up.
Their desperation is starting to show with the exploration of potential "low hanging fruit" revenue sources like ads instead of new growth markets (games) - as is happening with indirect competitors (Microsoft, Amazon, Google, FB); and direct competitors (Hulu, Disney and HBO): https://news.ycombinator.com/item?id=31101175
The thing about public companies...is that most eventually fall into the pressures of "consistent growth" by stockholders, following the pack mentality (profit at all costs), even if sorting to unethical means.
'Smoking' is really good (not sci fi, though, but I recommend it to everyone). Old Enough has been thoroughly charming as well.
In doing so, they could get huge brand loyalty from bilingual folks, plus more content for people willing to watch with subs. My wife's mom watches tons of dramas on youtube, we'd get her a netflix account in an instant if we thought she would use it - UX watching shows via youtube is abysmal.
Pay for dubbing once a show proves itself without and 'relaunch' the branding to wider audiences. Netflix should have very solid stats on which users are willing to watch foreign language shows with subs, so they can do targeted homepage advertising to test the shows easily.
Dev lift should be light, really just need to add a search filter for original language/country of origin.
I'm conversational in Japanese, and I'd love to see Japanese variety/game shows on netflix. There are thousands of hours of content that have never been available to the US market afaik - I think I've only seen them on youtube or dailymotion when not in japan.
I wonder what the expense of subbing these shows would be. Perhaps they could do a non-exclusive licensing deal where they contribute the sub IP back to the IP holder for an even-further-reduced rate.
I think they are doing that right now with Nippon TV’s Japanese show about toddlers running errands “I’m old enough” which started in 1991.
https://www.cnet.com/culture/entertainment/old-enough-on-net...
As the average quality of their English language has, imo, decreased, the fact that I can easily find good content in other languages is a big selling point.
It's going to be mentioned in every earnings call from now on, and it's almost always going to be a bogus excuse.
The important part is subscriber loss in other countries and the projection that over 2 million more subscribers will be lost over the next quarter. Compared to a previous estimate that the company would see a net increase in subscribers by 2.5 million last quarter, that's a big letdown and the market's reaction would have been the same even if the Russia numbers weren't bad.