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Netflix Lost 1.3 Million U.S. and Canadian Subscribers in Q2 2022
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Theres a lot of money to recoup if they can monetize some cheaters to paying a few bucks to legalize their relatives usage.
Previously posted
- 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%
Amazon does not own the old MGM content. They bought a very empty version of MGM, which only covers stuff from fairly modern times. The classic MGM content of the 1930's to 1960's is owned by Warner Bros. That's why Warner owns examples like Wizard of Oz and Gone With The Wind, two of the most famous MGM films.
Amazon Closes MGM Deal — But Here’s Why You Still Won’t Find ‘Wizard Of Oz’ Or ‘Gone With The Wind’ On There
The famed film studio’s Golden Age classics and library from before 1986 is controlled by WarnerMedia, not MGM.
www.forbes.com
i am more irritated that Apple still sells a cheaper SD version. HD video has been around now for like 16 years i dont think they make less than 720p screens anymore
Surprising enough there are subscribers that have really old gear and they constantly argue about what players does the best upscaling of SD content on a HD TV. But like you I wish the whole legacy SD subscriptions would fade into the sunset.
They have over 200 million subscribers
It’s almost as bad as Apple charging extra for RAM over 8GB and storage over 256GB
This is a big deal. Everyone in my household has "forgotten" about the things they used to watch on Netflix because they get reminders for everything else on the TV app.
Do you know of any artistic examples that don't look like B movies with mediocre acting?
Fewer subscribers -> less money -> less money to plow into content -> fewer subscribers?
If it worked that way, content should've still been consistently improving since the number of global Netflix subscribers is up around 124% versus five years ago and up 762% versus ten years ago.
It's only recently that Netflix has been seeing a subscriber decline and part of that was due to pulling business out of Russia.
Glad to contribute to their subscriber losses. I've been a customer since they launched their streaming service in 2008 and I'm over it. They are customer hostile, charge more than everyone else, and their content has been going downhill. Why stay? I encourage others to leave as well.
I haven’t been subscribed for quite a few years and don’t miss wading through a sea of mediocre original content to find something decent to watch.. and I don’t miss compelling and unique shows like The OA getting canceled prematurely.
That being said, the knives have been out for Netflix in the press for years, probably fueled in part by competing forces (it used to be the scared studios back in their early days) + people seem to love to building something up and then tearing it down.
I’m sure Netflix still has more subscribers than any of the competition and they aren’t going anywhere anytime soon. But when you operate your business within a system that primarily focuses on short term profits and expects infinite growth quarter after quarter, it’s always more, more, more, or you’re a failure.
That being said, the knives have been out for Netflix in the press for years, probably fueled in part by competing forces (it used to be the scared studios back in their early days) + people seem to love to building something up and then tearing it down.
I’m sure Netflix still has more subscribers than any of the competition and they aren’t going anywhere anytime soon. But when you operate your business within a system that primarily focuses on short term profits and expects infinite growth quarter after quarter, it’s always more, more, more, or you’re a failure.
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Cancelled after I found myself scrolling through their menu for 5 minutes for something to watch every time I opened it. They just don't have anything new I'm interested in, and I have moved on to "other ways" to rewatch the old stuff on there I do like.
I'm not ready to bail on them yet but I've definitely been drifting in that direction.
Also, can we all agree that "it is ultimately a win because Netflix was expecting to lose as many as 2 million subscribers" is sort of a ridiculous perspective. Lost customers is lost customers, and 1.3M is a LOT of them no matter how you frame it.
Also, can we all agree that "it is ultimately a win because Netflix was expecting to lose as many as 2 million subscribers" is sort of a ridiculous perspective. Lost customers is lost customers, and 1.3M is a LOT of them no matter how you frame it.
Apparently not, because so few people cancelled that they actually made MORE money from the price increase.
Sickening, really.
TBH I think its a fair deal compared to cable tv. Cable TV cost was like $60 a month in 90s dollars. With streaming services you even get to watch it where ever and when ever you want with cable you have to stick to a tv schedual and you had to pay more for each extra dvr for each extra tv you want to have that cable service in the house.
I think people are just more stingy now, albeit CableTV was a luxury service in the 90s and Netflix/streaming service is for everyone.
Actually they will. Here are some reasons:-
- Unlike in prior years, today there are many streaming service competitors like Disney+ , Amazon Prime, Appletv, HBO. You can even build your own with Plex.
- Less&less studios are keeping their shows for them as exclusives making Netflix less desirable.
- Netflix got bad rep. by investors, and customers not happy with price increase, honestly their exclusive shows are very bad except for some.
so what? I thought SD screens/gadgets can display HD video just in lower resolution? Even old gear from 2009 (13 years ago) can display HD video.
That's a very good point, losing other Studios' content almost certainly only exacerbated the apparent lack of quality content. Netflix had the rug puled out from under it in some ways, but as you've said, they should have predicted that day would come and prepared for when it did.
They did predict it.
Netflix has been producing and streaming their own content since 2013 because they didn't want to pay licensing fees for other studios' content forever. They wanted content that was under their control... not anyone else.
We're approaching 10 years of Netflix original content.
So yeah... they prepared for it.
Trying to justify theft is pathetic. There is no excuse. If you don't want to pay for it, then you shouldn't have it or act as if you're entitled to it.
It amazes me that people actually brag about stealing. You're no better than they guy that breaks into houses and steals Blu-Ray collections.
Not sure where you lived but I paid around $15 a month 90s dollars in the 90s. When a ppv event was around $30.
Netflix is lame. They are stupid enough to spend $200m on a lame Bourne Id wannabe while that money should have been spent on an original series, would have covered any season 1 easily.
No doubt some are sharing passwords however I suspect Netflix has a bigger problem. When you check account activity and find there are people using your account from other states where you don’t even know anyone living there then something more sinister is going on. While I can’t prove it I have to wonder if Netflix has been hacked or something. I’ve changed my password several times and this keeps happening.
I think Netflix needs to give its customers a way to lock our accounts. Perhaps a text with a code could be sent for verification when new devices try to login to your accounts. Even today I find that my account is being used from two other states and I have no clue. All I can do is change my password (my password isn’t easy to guess) yet again. Perhaps someone with a background in security might have some thoughts or recommendations on this.
I think Netflix needs to give its customers a way to lock our accounts. Perhaps a text with a code could be sent for verification when new devices try to login to your accounts. Even today I find that my account is being used from two other states and I have no clue. All I can do is change my password (my password isn’t easy to guess) yet again. Perhaps someone with a background in security might have some thoughts or recommendations on this.
This is only the first book of the Gray Man series. Be interesting to see how it fares as far as viewers ratings.
Netflix Must Pass Its ‘Gray Man’ Test With Flying Colors
New VIP+ Analysis: Netflix is going all in on its new tentpole film 'The Gray Man.' It's a bet that the streamer badly needs to pay off.
variety.com