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Netflix rocked by subscriber loss, may offer cheaper ad-supported plans

TV has always been woke as fuck because a) gays are “woke”, and b) lots of gay folks go into showbiz because it’s safe for Gays there and b) Gays are edgy and controversial and that makes good TV. As Roger Ebert used say “a movie is about what it’s about”. It’s not the premise that is often the problem, it’s often the execution.

Netflix’s first-quarter revenue grew 10% to $7.87 billion, slightly below Wall Street’s forecasts. The downdraft caught other video streaming-related stocks, with Roku (ROKU.O) dropping over 6%, Walt Disney (DIS.N) falling 5% and Warner Bros Discovery (WBD.O) down 3.5%. They lost the rights to everything my partner and I used to watch, and their original content is meh. Consumers are going to just skip instead of having to deal with all these micro-subscriptions. I’m not a football fan, but I thought about watching the last superbowl as I do on occasion.

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To contemplate offering a lower-priced version of the service with advertising, citing the success of similar offerings from rivals HBO Max and Disney+. The downdraft caught other video streaming-related stocks, with Roku dropping over 6%, Walt Disney falling 5% and Warner Bros Discovery down 3.5%. “While hundreds of millions of homes pay for Netflix, well over half of the world’s broadband homes don’t yet — representing huge future growth potential,” the company said in a statement. “I don’t think any of us expected that all to happen at once.” This confluence of factors resulted in Netflix reporting losing customers for the first time since October 2011, catching Wall Street by surprise.

I mean, Look Whose Coming To Dinner is pretty much the premier 1960s “woke” film, and yet it’s so well done; the writing is spot on, the acting is excellent , that whether you feel the message is moralizing, the film is engaging. Imagine watching the new Batman, Lt Gordon says ‘he can’t do it alone, help him! ‘ and Batman stops fighting The Riddler to go on a 15 minute tirade about his preferred pronouns as someone who identifies as a bat, his furry sexual inclinations, etc. YOU are representative of the reason why people don’t like the service anymore.

Everything worth watching went over to HBO Max, Hulu, Disney+, and Paramount+. If the films are a series, they’ll always be missing one or two parts, and showing an IMDb score would be good as well – it would save committing to a 5.8 film that had a good blurb but turned out to be rubbish. If you havent already been watching , Netflix stock cratered 50% in January, part of a larger selloff. While I will use a free service that is ad supported, I will not under any circumstances pay for services that also run ads. Itâs why I donât use anything under the Hulu/Disney umbrella and why I canceled cable.

DVD.com still has all the wide breadth of content that they had from the beginning. “The large number of households sharing accounts ― combined with competition, is creating revenue growth headwinds. The big Covid boost to streaming obscured the picture until recently,” Netflix said, explaining the difficulties of signing up new customers. In addition to the paying households, Netflix is being watched by an additional 100 million households that it said were sharing accounts, including 30 million in the United States and Canada.

The Standard Group is recognized as a leading multi-media house in Kenya with a key influence in matters of national and international interest. ‘s stock has benefited from expectations of perpetual growth. powertrend Reporting losing customers for the first time since October 2011, catching Wall Street by surprise. ‘s first-quarter revenue grew 10% to $7.87 billion, slightly below Wall Street’s forecasts.

Netflix Shares Crater 20% After Company Reports it Lost Subscribers For the First Time in More Than 10 Years

Netflix’s first-quarter revenue grew 10% to $7.87 billion, slightly below Wall Street’s forecasts. It reported per-share net earnings of $3.53, beating the Wall Street consensus of $2.89. While the company remains bullish on the future of streaming, it blamed its slowing growth on a number of factors, such as the rate at which consumers adopt on-demand services, a growing number of competitors and a sluggish economy. Account-sharing is a longstanding practice, bitmex review though Netflix is exploring ways to derive revenue from the 100 million households watching Netflix through shared accounts, including 30 million in the United States and Canada. The majority of Gen Z and Millennial consumers polled said they spend more time watching user-created videos like those on TikTok and YouTube than watching films or shows on a streaming service. Streaming services are not the only form of entertainment vying for consumers’ time.

• Benchmark analyst Matthew Harrigan warned that the uncertain global economy “is apt to emerge as an albatross” for member growth and Netflix’s ability to continue raising prices as competition intensifies.
• One price, one login, no commercials , super easy with everything all together for less than individual subscriptions.
• The new releases seem pretty dull or repetitive and don’t justify the mounting prices.
• In a few years, the streaming services will be free, with advertisements every 5 minutes.

Their initial business model that led to explosive growth involved renting the past 70 years of TV syndication and prosaic movie rentals. Anything good has already been canceled or the streaming license has expired. You can definitely reach the end of what Netflix has to offer.

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As penetration has increased, the number of shared accounts has become a bigger problem. “The large number of households sharing accounts — combined with competition, is creating revenue growth headwinds. The big COVID boost to streaming obscured the picture until recently,” Netflix said, explaining the difficulties of signing up new customers. “While hundreds MVC Framework Introduction of millions of homes pay for Netflix, well over half of the world’s broadband homes don’t yet — representing huge future growth potential,” the company said in a statement. I mean Disney+ has great franchises with Marvel, Star Wars etc., but I’m not going to pay just for that channel. I wanted the goddamn aggregator, which is what Netflix was.

It’s a entertainment service that used to offer a wide variety of content. They’ve lost the rights to much of what they use to have (ironically, some of it to so-called “woke” Disney and Paramount), and as the expression goes, content is king. “Those who have followed Netflix know that I’ve been against the complexity of advertising, and a big fan of the simplicity of subscription,” said CEO Reed Hastings.

I used to use a browser extension to watch US Netflix that had 10 times the content of the Australian one but when they made that hard I just cancelled it and went back to channel BT. I suspect these people probably gave up on Disney for other reasons. Bear in mind Disney’s been unattractive to visit for two years for most people, and two years is a lot of time for kids to develop other interests. If anything, they didn’t make enough ‘woke bullshit’ to cover the content they lost. Yeah, adding insult to injury – the Canadian version of Netflix has less content. You’re stuck watching Schitt’s Creek or Community, unless you VPN.

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Combine that with a hesitancy to start a new series until it’s confirmed they will finish it. Hastings said “it’s pretty clear” that ad-supported services are working for Disney and HBO. Hastings said “it’s pretty clear” that ad-supported services are working for Disney and HBO.

“Those who have followed Netflix know that I’ve been against the complexity of advertising, and a big fan of the simplicity of subscription,” said Netflix CEO Reed Hastings. I have a subscription and are considering cancelling because there just isn’t that much good content on there. My 9 year old nephew and niece weren’t watching children things on there I probably would have already done so. I pay about $15 which is not much but considering that I only watch a few hours a month at best it is still not really worth it. Netflix is just losing customers to an increasingly long list of streaming competitors, ever since it dawned on Hollywood that they don’t need a middleman to stream their content.

Now, it appears the culprit is a combination of competition and the number of accounts sharing passwords, making it harder to grow. Streaming services are not the only form of entertainment vying for consumers’ time. “I don’t think any of us expected that all to happen at once. I know DVDs aren’t cool anymore, but as Netflex started losing content to other streaming services , we switched to DVD.com .

I’m honestly not sure how much longer I’ll even bother. I don’t watch TV like I used to, my entertainment has shifted back to reading, and frankly I feel like I’ve pretty much watched everything on Netflix worth watching. The new releases seem pretty dull or repetitive and don’t justify the mounting prices. Through shared accounts, including 30 million in the United States and Canada. “Today’s report shows that there is a limit to that long-term bullish thesis,” said David Keller, chief market strategist at StockCharts.com.