Or have Apple acquire the rights to the documentary for its own streaming service. 😉
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Netflix Lost 1.3 Million U.S. and Canadian Subscribers in Q2 2022
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When you realize Netflix is just a middle man, without value exclusive content you understand why they are in trouble. One can get the Disney bundle of Disney +, Hulu and Espn for the same price as Netflix. They are in trouble until they can make elusive content that the masses like.
They are going to charge people $36 more a year to let someone have their mom use their subscription, and already raised 4K streaming from $13.99 a month to $19.99 a month since 2019. They also raised their CEO’s pay from $24 million to $40 million during the same time. Greed.
Netflix isn’t just a middle man. They make original content. They actually were the first streaming service to do so. House of Cards is an example.
Hardly, blockbuster was a physical media rental store business. Streaming killed them.
The NEW Blockbuster, not literally Blockbuster. There is a difference. Blockbuster died a death of arrogance.
Nice try but not even close. No VoD host has Netflix's percentage of subscriber marketshare in comparison. Go target AT&T management against HBO Max ignoring WB profitability if you want arrogance. Passed on at a loss to Discovery.
I cancelled a couple of years ago for some of the reasons others have. The prices kept going up, the quality of shows kept going down and the shows that I liked they ended up cancelling with cliffhangers. Out of all the the streaming services I have/had it was the least bang for the buck for me since I want 4K. I was going to just cut down and maybe get it a few months a year and binge things I wanted to see, but even that I ended up not doing. My sister housesits for me a few times a year and logged onto her account on a couple of my Rokus, every once in a while I’ll check something out but not enough for me to get it myself.
I thought all my kids were sharing my password — until I cancelled and nobody seemed to notice…
Interesting how all the comments here are to the tune of “haha good” while the news was received as overwhelmingly positive by investors, with their stock blasting off in after hours.
I am frustrated with Netflix, too, but this isn’t the third nail in the coffin folks here seem to think it is.
I am frustrated with Netflix, too, but this isn’t the third nail in the coffin folks here seem to think it is.
Unless you're a Marvel-head, Disney's content is even worse. And their bundle is only attractive because Disney gobbles up companies like candy.
Well, considering almost no other service charges more for 4K in the US...
Macrumor forum posts: Netflix is crashing to the ground.
Netflix stock:
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Netflix stock:
I timed my cancellation for the end of Stranger Things 4… which honestly I thought wasn’t great. No interest in season 5 whenever it comes out (probably years from now). My reasons were mainly that it’s gotten way too expensive and I almost never watch it anymore. And I hate that it doesn’t integrate with the Apple TV app. Quality has definitely gone downhill. It feels like algorithm-driven shovelware now. Bad standup. Dumb reality junk. And “originals” that are just trash that they purchased and slapped their name on. Anything actually interesting or creative gets cancelled after 2 seasons because, even if it has good numbers, it’s no longer driving new subscriptions. AppleTV+ is 5 bucks and I was watching it 10X more than Netflix.
Price increase, dumb tiers vs other providers. I binned Netflix after the last price increase. Not going back, I’m able to acquire the few shows they make that interest me through other means.
I honestly don’t even think to check Netflix these days for things to watch… when they started and were the only game in town, that was one thing. But now there are too many services with great quality content, and Netflix just hasn’t stepped up with the breadth and depth of quality, exclusive content.
At this point if the need arises to cancel one of the services we subscribe to, it will be Netflix, without a doubt.
Only reason we keep it is because my youngest still watches some of the cartoons on it.
At this point if the need arises to cancel one of the services we subscribe to, it will be Netflix, without a doubt.
Only reason we keep it is because my youngest still watches some of the cartoons on it.
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You could have said that about blockbuster back in the day, now look at them. If Netlix don't change then there will always be someone else that may start up and put them out of business.
The pricing model is a load of crap, charging a premium for 4k while keeping a charged for 480p tier is insane for 2022.
They are in the same crushing wave as Zoom.![]()
Netflix in the second quarter of 2022 lost 1.3 million subscribers in the United States and Canada, according to new data shared today during the company's earnings call. Netflix had 73.28 million paid memberships during the quarter, down from 74.58 million in the first quarter of 2022.
![netflix3.jpg]()
With subscriber additions in some other areas, Netflix in total dropped 970,000 subscribers worldwide. That's more than the 200,000 customers that it lost in Q1 2022, but it is ultimately a win because Netflix was expecting to lose as many as 2 million subscribers.
Netflix has been raising its prices, which has resulted in some customers turning away from the service. In January, Netflix increased the prices for all of its plans. The basic standard definition plan went from $8.99 to $9.99, the Standard HD plan went from $13.99 to $15.49, and the 4K plan went from $17.99 to $19.99.
Despite the U.S. subscriber loss, revenue was up nine percent year over year, which Netflix says is the direct result of an increase in average revenue per membership. In the third quarter of 2022, Netflix is expecting to add one million subscribers.
Netflix blames its subscriber loss on connected TV adoption, account sharing, and competition, and to continue to improve revenue growth, the company says that it is focusing on evolving monetization.
A lower-priced ad-supported tier is in the works and is set to launch in early 2023, and the lower-cost plan could draw in some of the subscribers that have abandoned Netflix because of the rising costs. Netflix says that it is also working to monetize the 100 million+ households that are "currently enjoying, but not directly paying for, Netflix."
The company is aiming to find an "easy-to-use paid sharing offering" that can be rolled out in 2023. Right now, Netflix is experimenting with a $3 fee to add an additional household to a Netflix plan in Latin America.
Article Link: Netflix Lost 1.3 Million U.S. and Canadian Subscribers in Q2 2022
Th market is filtering itself - hi res viewers will go with best provider for them - bottom dollar subscribers gonna go with crap cheap streamers. It's simple.