Wrong. Best is MHZ where one episode is both a language lesson and a great story and beats a feature film in US.
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Netflix Lost 1.3 Million U.S. and Canadian Subscribers in Q2 2022
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That’s what I pay at the moment.. been thinking of cancelling for a while, especially now they canned even more of my fave shows
They still have 220 million subscribers worldwide.
I think they'll be here for a while.
Not really surprising. They have a lot more streaming competitors now.
They turned a 9% YoY gain (not a "9% profit"), but it is untenable. Price increases - especially in the midst of a looming recession and ridiculous inflation - are ultimately going to hit a point of diminishing returns and then negative returns.
That's correct, but a huge chunk of their success & market share was due to being a middle-man for the likes of Disney, Warner, Paramount, and Universal. None of them had streaming services 5 years ago, but now all of them have a streaming service. That puts a ton of pressure on Netflix to keep coming up with popular new content. They will never have a 100 year archive that can compete with the established movie & TV studios.
True of all streaming platforms unless your idea is streaming is just rewatching Friends episodes.
Using WB movies on HBO Max, their representation of movie classics is very limited. Westerns are hardly any, they all been licensed to other streaming hosts, EPIX and Tubi have large collections of that genre. Universal classics are MIA also. Disney has done a good job of gradually releasing older content, but considering how much they have not released they have a very long time before they are a threat. Paramount like CBS doesn’t have a lot of classics available either, just look at TV content offered. So 100 year archives isn’t a threat for awhile.
The 100 year aspect probably is not a hugely desired thing for many people in the audience. They might only care about newer stuff. Still doesn't change the fact the legacy studios are sitting on some pretty valuable properties. HBO Max already has a lot of the most famous older films like Casablanca, Maltese Falcon, Wizard of Oz, Citizen Kane, Gone With The Wind, etc. They even have old Looney Tunes, Tom & Jerry cartoons, etc.
Netflix will never be able to compete with some of the franchise material that exists with the likes of Disney or Warner. Both Disney Plus & HBO Max are already loaded with superhero franchise stuff. Netflix used to have access to the Marvel movies for instance. That access is drying up and will continue to get worse for Netflix as the major studios put more emphasis on their own service instead of making royalties from Netflix.
I don’t care what anyone thinks, when they canceled Cowboy Bebop I canceled my account. Canceling on a cliff hanger too, I’m done. They cancel everything I like and wasted Lost in Space.
**** content and constant price increases, and I don’t even know why I’m still subscribed.
It’s not about price guys. It’s about low quality content. Same story with video game industry….. people are still paying full price for 3A games. They even forced diversity on resident evil. User comment section is gold.
www.metacritic.com
Resident Evil (2022)
The sci-fi/horror series inspired by the video game franchise features the story of Jade Wesker (Ella Balinska), her father Albert (Lance Reddick), the Umbrella Corporation, and how New Raccoon City became the origin of a deadly virus that led to a global apocalypse in 2036.
www.metacritic.com
"Netflix blames its subscriber loss on connected TV adoption, account sharing, and competition..."
Yep.....anything but the reality....talk about throwing dust in their own eyes....
Yep.....anything but the reality....talk about throwing dust in their own eyes....
I like some of the new Netflix shows that we get from international TVs, this is refreshing. But Netflix itself is apparently in difficulties against the power of Disney for new large budget series, they cannot even get the full DC universe.
Well... that's because DC is owned by Warner/Discovery/HBO/whatever and they want people to subscribe to their service.
It used to be that Netflix was THE place for online video streaming. But those days are long gone.
Now all the various entertainment properties have gone home to their own streaming services... for better or worse.
Here in Australia, the standard Netflix plan (no 4K) costs AUD$16.99 per month, while the "Premium" 4K plan currently costs AUD$22.99 per month. The high price coupled with the marked decline in content quality led me to completely cancel my Netflix subscription a couple of months ago (I was on a Premium plan).
I'll be giving Paramount+ a go come September, which is gradually increasing their 4K offering and currently priced very competitively at AUD$8.99 per month.
I'll be giving Paramount+ a go come September, which is gradually increasing their 4K offering and currently priced very competitively at AUD$8.99 per month.
Poor old Netflix 😆, I wonder if their crackdown on password sharing will help much?
Mmm. Bet they wish they had some of that sweet Cowboy Bebop/Resident Evil money back right about now, huh?
Not too late to scrap that live action ATLA remake, however. Cut their losses and avoid the negative press when it gets trashed by critics and viewers alike.
Not too late to scrap that live action ATLA remake, however. Cut their losses and avoid the negative press when it gets trashed by critics and viewers alike.
Other services already do that - in that you get a good discount for a yearly subscription rather than month by month.
Netflix' issue is that it makes no sense that their price (and I count the 4k price here) is about the same as HBO Max (launch pricing - 50% lifetime discount), Disney+ (yearly) , and AppleTV+ combined in Norway.
Combined with losing most of the good content to other services, the pricing is clearly too high. Cancelling content I like doesn't help.
Well these are the stats related to that.
- Around 27% of Netflix subscribers in the United States share their accounts with family members. (Compari Tech)
- Another 18% share it with their friends, while 9% share it with relatives from another home. 47.5% of users refuse to reveal their passwords.
- People viewing netflix without paying is around 41%
True. However, they don't have the back catalogue of quality content of the other services, and their new content isn't up to the same level as HBO (at least until Discovery ruins that).
Their pricing - much higher than the competition - is very high already, thus is shouldn't be a surprise that people react to price hikes.