They seem to forget this...
Maybe the clue this was all going to be ok is that less than 76,000 people liked that idea?
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Netflix Gains Six Million Subscribers After Password Sharing Crackdown
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Maybe the clue this was all going to be ok is that less than 76,000 people liked that idea?
People still like to channel surf, including myself.
This. It’s the same reason SiriusXM is still in business.
Some people don’t want to be the DJ.
Same with television and movies.
It’s an old art. My HOA includes it with internet. But you find out a lot of the “good” channels mostly show marathon reruns.
Personally, my main on-demand preference switched from Netflix to
I remember being on the phone with their support a couple years ago and mentioned that my daughter uses our account but doesn't live with us. The support person said it was fine and lots of people do that.
And yet, there are still people who will argue that it was never allowed. 🤷♂️
A self-selecting subset people isn't a proper sampling to draw a conclusion like that.
But a 5 year old tweet can be held up as a perpetual contract?
My 208TB unraid server waves goodbye. Fubo ($90), Netflix ($20), Apple TV ($7), DirectTV as family summer home ($65 - $30 internet), Hulu ($15), then there's HBO plus for whatever.
Spent a lot of money on it, sure, but it has 100% paid for itself and I get to watch whatever I want, wherever I want. Better than any service, doesn't cut me off when I'm international, allows downloads. They created me!
Spent a lot of money on it, sure, but it has 100% paid for itself and I get to watch whatever I want, wherever I want. Better than any service, doesn't cut me off when I'm international, allows downloads. They created me!
No consumer is expected to subscribe to all VSOD options at once, nor have the providers ever expected it. This is what makes the streaming industry so fierce. Linear broadcasting still has a place for a while but the marketplace is about content.
Is it true that what brought on this crackdown was Netflix’s first drop in subscriber numbers ever? Stopping account sharing may help the numbers but it’s a one off. It’s likely people will continue to leave Netflix for higher quality services. The correct move would be improve their content quality/cost ratio. I have almost all the services and Netflix is the worst, only use it for Stranger Things.
Not saying they didn't exaggerate a little, but given it is on their 10Q it has to be a pretty accurate number.
One thing they don't report, not surprisingly, is the breakout of memberships. How many new subscribers are on the lowest plan? How many of the original accounts are still on the highest plan?
YoY revenue for Q2 2023 is up by $217,160,000. I know there wa a rate increase in the last year but no idea what it was. So, assuming the numbers are all correct:
Jun 2022 220,670,000 subscribers for $7,970,141,000 or $36.12 per subscriber
Jun 2023 238,390,000 subscribers for $8,187,301,000 or $34.34 per subscriber
First, the per subscriber number seems suspect but I guess global pricing variance and exchange rates can account for some of that. And they did add the Ad-Supported level in teh last year with no breakout of revenue by subscriber vs ad revenue.
In any regard, they may have increased top line revenue but value per subscriber is down while operating profit and EPS are relatively flat.
Edit: accidentally saved before completing the post.
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It's a fairly old business practice IMO. Get them in the front door via any method, then once they are in, change the terms.
How many of these people are actually going to stay subscribed after this penny squeezing measure, though?
You extracted value one time from people in the UK and US by "force," what suggests that they are going to stay long-term, which is typically how subscriptions actually turn a profit?
And how is this going to go down in countries with lower-average-income households who might not as easily be upsold?
Yeah, "sweaty layman nerd on the internet" thoughts talking to a board of what is probably business PhDs, but I still don't feel like this is going to help, or is a good omen in general. The way I see it, you want to turn up "$100" out of new customers by having kickass shows delivered through the best tech, not wrestle "$0.1" out of old ones to keep doing what you've been doing.
You extracted value one time from people in the UK and US by "force," what suggests that they are going to stay long-term, which is typically how subscriptions actually turn a profit?
And how is this going to go down in countries with lower-average-income households who might not as easily be upsold?
Yeah, "sweaty layman nerd on the internet" thoughts talking to a board of what is probably business PhDs, but I still don't feel like this is going to help, or is a good omen in general. The way I see it, you want to turn up "$100" out of new customers by having kickass shows delivered through the best tech, not wrestle "$0.1" out of old ones to keep doing what you've been doing.
Good for Netflix. Subscriber count is only going to increase!
"I'm going to cancel my account when I get called out for account sharing. Greedy corporation!" - Internet Commenters
<a few weeks later>
"My friend paid for their own account."
<a few weeks later>
"My friend paid for their own account."
We know for a fact that for many decades SEC did a great job with Bernie Madoff.
Yet they refuse to say how the split is and how many they actually lost. Also, do they count the add ons as a new subscriber? What if you changed the plan? Are you a new subscriber?
It’s like paramount+ seemingly not actually cancelling your subscription when you cancel your subscription via Apple IAP. I guess they rather loose you as a paying customer than loosing you as a subscription number to wall street
By next year they will increase the price of the Ad supported tier and get it to where Basic used to be while cashing in double with advertising.
Smart of them but I am not supporting this. Thankfully I am still only paying in Mexican pesos since they don’t seem to enforce this no sharing BS on Apple TV … yet, so I am doing my part. Once I loose access, I am going to say hello to VPN + „Streaming“ again
It’s like paramount+ seemingly not actually cancelling your subscription when you cancel your subscription via Apple IAP. I guess they rather loose you as a paying customer than loosing you as a subscription number to wall street
By next year they will increase the price of the Ad supported tier and get it to where Basic used to be while cashing in double with advertising.
Smart of them but I am not supporting this. Thankfully I am still only paying in Mexican pesos since they don’t seem to enforce this no sharing BS on Apple TV … yet, so I am doing my part. Once I loose access, I am going to say hello to VPN + „Streaming“ again
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Like endless law firm ads, medication ads with side-effects worse than what you’re taking it for, and about 10+ channels in different languages.
Good for them. I canceled my six year subscription because of this.
What is the cost benefit of this though? Buying TV series and movies are expensive. Like $20/season for a TV series or $20 per movie. And if you’re like me, you won’t want to spend that on a show/movie that you might not even like. Plus, I rarely rewatch movies or shows, so why should I spend $20 to own a copy when I could watch 5 other movies or multiple shows at the same time on streaming? Then there’s the hassle of having to actually manage, organize, and tinker with your library.
Even if you’re torrenting, there still is the hassle of finding what you’re looking for, some things not being available, hoping there are enough seeders, the hassle of trying to stream it to your TV or other devices with formats, languages, and subtitles being correct. Streaming, you just select what you want to watch and it just works. There’s a lot of value in convenience. And it’s legal.
If your server works for you, that’s great. I just can’t see it being worth the hassle for me or even being more cost effective than streaming - even with the price increases, decreasing quality, and fragmentation.