It's generally a bad sign when a company is losing customers and increasing prices, trying to squeeze more money out of less people for a lower quality product just isn't a great long term business model.
we all knew netflix got a ton of subs due to covid and it would drop afterwards. netflix staff didnt prepare for this and lead hype - it'll go back to what it was if they start setting the correct expectations and providing real content & not overbuying shows at like 30million per ep like stanger things. they went full retard. once they buy more shows at a decent rate it can go back to what it was pre covid.
It fascinates and baffles me that the company apparently did not see the correlation between the COVID-19 pandemic and the explosion of signups to their platform. It is as though they hadn't considered--and therefore were not prepared--that these same people would cancel their subscriptions once they were able to leave the house again.
this is hindsight, you do not know for certain whether the demand that was created during covid19 would stick or not. in my industry, canned food/bevs, the demand spike from covid19 is still sticking
I stopped pirating stuff many years ago when Netflix was on its peak. I had everything on the spot for a reasonable amount of money and on top of that it was all legal. Then a lot of IP was pulled from Netflix and now I would need at least 4 different subscriptions to watch all the shows I love. I just can't and tbh don't want to afford that. The big players made piracy an attractive solution again. That's beyond me. I feel sorry for Netflix.
Hahahah indeed. Looks like back to pirating for us. Or download mod apks that allow free movie and shows if you are an android user. If iPhone, GG rich people no issues with subscription to life.
when pirating a movie/series is easier than searching across multiple streaming platforms to find the same movie/series then there is something wrong with the distribution model
there is a app that have all tv and movies from all apps in one and you can download to your phone or side load to your smart TV. all for FREE $9.99 lol. with 4k hdr blueray etc. the time of the low quality stuff on web are no more. I never paid for streaming apps my whole life. I only waiting for the new TOP GUN that has to watched in person lol
Eliminating the reviews made it difficult to filter shows that one would like. No sense in doing this. Their algorithm in recommending shows specific to taste also seems to be poorly executed. I find myself spending more time looking for a show than watching. That’s when I quit.
Exactly. After the endless scrolling to find something to destress me from a day’s work, all the more I get frustrated and end up turning it off and switching to watch random videos on youtube instead. I swear you tube’s algorithm is way more efficient to keep me interested and make me click for more. Get your act right, netflix.
There's too much competition. No individual service is worth it because all the content is spread out between all of them. At this point, piracy or abstinence are the only real options.
Was on the fence with Netflix - gradually got sick of them making rubbish nobody wanted while cancelling good stuff. Finally got rid of it when I realised free content on TH-cam was often better!
Thats 1 thing i hate over the woll withe tv shows netflix including canceling good shows 1 show or seasen is bad showing so lets cancelled it istead making it bether nope Nada
nowadays all they have going for them is stand-ups. everything else is the equivalent of a made-for-tv movie from the early 90s (absolute trash 99.9 times out of 100)
I think piracy still increase again when you basically need five or more streaming services to view what you want. That makes it easier to pirate than pay again. The problem that Netflix and Spotify solved initially.
I dont think Spotify will fail though, unless major record companies decide to sign exclusive deals with Apple Music and Spotify, which is pretty much what is happening here.
@@pop_3310 Totally agree! For music it still affordable and simple enough to get more or less all music. But if I needed five streaming services to listen to my favorit bands, I would find other solutions. Personally I believe that the best way to limit piracy for movies is to release them digitally the same day they open i theaters and not make exclusive. Maybe they could be included in a Netflix subscription of Netflix produced it, but why not also sell it at iTunes Movies, Google Movies, etc? I think Disney+ has done this for some of the movies.
@@pop_3310 only issue is apple music’s audio codec is vastly superior and when apple actually has hardware to support their lossless audio later this year.. idk man spotify looking hella sticky in the near future
The $100m they paid to Prince Harry and his wife instead of making better contents to subscribers is a clear indication that this company lost focus and run by idiots, that money could have easily help keep prices down and more contents, we left Netflix when prices went up again but knowing they have so much cash to waste than to give me value for money is just a no no for me.
Netflix eventually was headed this way regardless. There's nothing special about Netflix anymore compared to 10+ years ago. There's just to many streaming options compared to back then. And there losing content from new competitors. The Office leaving Netflix was definitely a big blow. That is definitely one of the most watched TV shows on Netflix even if you seen the episodes 100 times for some reason it doesn't get old.
You may not like the drama surrounding the royal family but statistics would prove you wrong. Just like I don't care about the trashy Kardashians, but still they have millions who do follow them. If Netflix had signed them up they would have made even bigger piles of money. I agree with JDBass and have read articles that there is just too much content out there. But how quickly we forget that part of Netflix's success was their original content. Previously awards shows were won mostly by Netflix. The list of movies and shows they made that had everyone watching pales in comparison to all the other services. But true, they aren't keeping up and I predict that Disney will overtake them because they are a studio that added a streaming service. Netflix is just a streaming service. They desperately need to combine with a studio like Columbia or some lesser one.
@@rabbit251 The Kardashians mastered a new genre. They had a talent for it and worked hard. Harry was born into the royal family and his wife married into it. They have shown no talent for anything but bashing the royal family.
@@JLB00333 And royals brand is how old? (Which is the main purpose of their brand. Plus they have some really nice castles that no one would ever be able to afford. Both are nothing but drama, though, basically).
The price increase was the last straw. Coupled with the lack of older content. It's no longer the product originally sold, a movie rental business that had a wide selection. Browsing Netflix now feels like when you went to Blockbuster and found the new release wall empty and then wondered around the store to find something to take home so your not empty handed.
Yes, me too. They lost much of their content, yet instead of adjusting their pricing according to the quality of product they are offering, they opted to overcharge, now of all times when everyone's finances being hammered? So after being law abiding citizen for almost 10 years, I'm back to piracy as of this April.
Imagine if they’d cancelled Breaking Bad half way through season 4 or 5 even? That became their inexplicable business model which unaccountably squandered all good will between them and the creative industry, and their audiences. Two years ago, parting with Netflix would have felt like a sacrifice. Now, everyone has another streaming service they’d rather keep and Netflix is way down on their list. Two things the public are sick of: when a movie flops and they know that means it will soon be on Netflix (thanks for nothing, Netflix) and hearing the word, “algorithm.” The dumbest robot in the world cancels all our favourite content and now they want us to pay more for adverts? Not happening.
Fun fact: This same thing happened a very, very long time ago with the advent of Cinemas! Each company started partnering with different Cinemas and to see X movie, you'd NEED to go to a Y cinema. Eventually sales started dipping and the government had to step in and say all cinemas are entitled to all movies. This will, in my opinion, happen again soon with streaming services. Either that or they're all just gonna die out to piracy, its been sky-rocketing ever since splitting up the content. Pretty easy to see why. Companies are greedy morons lol; Smh.
Yup. If I want to watch the entirety of the Stargate Franchise, I have to have: 1) Netflix for the original series 2) Hulu for Atlantis 3) PlutoTV for Stargate Universe 4) Hulu with the cinemax add-on for the first Stargate movie 5) Multiple rentings for the Stargate movies, on either Amazon or TH-cam. And if another series finally gets produced, it will be on Amazon prime. I'm not fucking paying for all those services. Yo-ho yo-ho it is
This is a situation like the prisoners dilemma really. If company A shares its ip and company B does so as well then everyone profits as streaming services are easy and comfortable to use again. However if A shares but B doesn't then B profits leaving A to fail. So both A and B afraid of getting betrayed don't share which means they both suffer because the content is so divided among services that piracy becomes the better option. That's why the gov. action would work, since you don't have to fear anymore that someone might get greedy and betray everyone since they would get sued. Another option would be if they all got together and made a contract that they can stream each others ips if they agree to share their own. But something tells me they're better at this when it's screwing the customer over rather than helping out.
@@ImpossibleOrange even with the scenario you're describing Netflix seems to have pushed themselves into a corner. Who would even want to pay for Netflix's trash inhouse content? what media suit in their right mind would look at Netflix's "Cleopatra" and think "YES, I want to pay money to have that on my streaming platform!"
The problem as I see it is exclusivity. If I want Game of Thrones, I need HBO. If I want Mandalorian, I need Disney+. If I want Foundation, I need Apple TV. For Halo, I need Paramount+. And for Stranger Things, I need Netflix. That exclusivity divides the streaming landscape and pushes up my streaming bill into cable bill territory. That is a real problem that won't go away until exclusivity is solved, probably legislatively. Used to be the movie studios owned the theaters, and if you wanted to see a Paramount movie, you HAD to go to a Paramount movie theater. I think Congress was right to step in and break that up. You could be a content owner, or a content distributor, but not both. I think that idea would work wonders for streaming as well, so that I can watch EVERYTHING on Netflix. Or of I don't like Netflix for any reason, I can find EVERYTHING on Amazon, or Hulu, etc.
This is classic divide and conquer. They are all doomed unless they share their content. I have no sympathy for these services when they complain if password sharing.
Honestly, the price increase combined with the drop of quality of their original content just killed it. Series like black mirror and Arcane are not the rule, but the exception.
The problem with Netflix can be summed up in one sentence, they are producing content showrunners want to create instead of content people want to watch. They utterly fail when it comes to second seasons, but that's normal these days. Netflix was meant to be the revolution, no adverts, paying for only content you watch and none of the cable TV stuff, where you pay for 100 channels of crap that's watched by 3 people, but it's turned into exactly the beast it was meant to replace, expensive, adverts and a catalogue that's a big pile of crap.
every single netflix original movie apart from don't look up has been a huge disappointment for me. The George Clooney space film just ended, bird box didn't have a satisfying conclusion etc.
Nah, it’s just competition. Too many rivals who have taken back all the ‘sticky’ content like friends, the office and Star Trek. Stuff you just put on in the background or when you can’t think of anything else to watch
The problem really is that the competition isn't true competition. It's just monopolies who abuse IP laws by focing exclusives, thus spreading the market thin. A streaming service should be seen more like a movie theater. You should be able to watch every show on every streaming service, and have them compete on price and features instead of content. This is the model you see on music streaming services.
@@nikkingman a better analogy would be music streaming. You expect spotify, apple music, tidal… to have every song. They then compete on the details, like sound quality, algorithm, user experience…
There are far too many streaming companies, and something has to change moving forward. Either a lot of them will die off to make room for a few favorites, or a second layer of companies will make deals with batches of streaming services, and then push bundles until we're back to cable, but over the internet.
The problem is Netflix used to have great content from all networks for a low price of $7 a month. Now they don't have jack shit and expect you to pay more.
It's already happening. My cellphone provider includes a subscription to their own video app with the plan I have, and while the basic catalog is pretty mediocre it has the option to rent movies and add subscriptions to other streaming platforms within the phone plan itself, it actually includes Paramount plus for free so all the Star Trek stuff that's being removed from Netflix is showing up in there. It really is cable TV all over again, but actually a bit cheaper.
This is already sort of happening.. my parents are old so they still watch cable tv... i recently saw that their DTH company has rebranded into a amalgamated platform where they are offering cable channels and the content of a number of streaming services all in a single place with a subscription model. We're back to square one. I predict internet-cable.
Couldn't agree more with the fact that consumers are now spread too thin. It was obvious that with more streaming options to appear the quality would go downhill. Especially when companies owning original IPs jumped in, HBO, Disney... In the end this industry will start to do like the gaming one buying each others out one by one, until there's only two or three big services suppliers. We're going toward an era of industries led by Hyper Consortiums with numbers that will redefine business profitability.
HBO max and Disney plus are basically the only ones worth signing up for. I do use Netflix for squid game. But I password shar it. If they get rid of password sharing, I’m pirating the show.
i found myself subscribed to Netflix for 14 years , hulu , Amazon prime , Disney , TH-cam premium , and HBO .... Netflix seems to have zero idea about my taste after 14 years of data , it takes the worst cultural tastes and turns them into a cartoonish archetype for most productions ... but it keeps producing worldwide hits .but I'm impressed by HBO , the next step on this content war is pretty obvious.
Yarrr! I be ye olde pirate, have some elementum from my kodi bag ye swsshbucklers and take some ye olde debrid with your preiumizer at thst: 3 bucks a month for every show and movie on the planet whenever wherever you want
A few decades ago when the phone companies realized that 'cellphones' were the new thing, instead of reacting to the competition by lowering prices, they raised prices for local landline service and landline long distance, reduced services (hello operator?) and doubled the price to use a payphone. We see how that worked out.
Yeah! I've never had a landline in my name except for the college dorm phone in about 2004, and I didn't even plug that in. About a decade or so ago, I looked into landline service, just for fun (so I could jook up 90s novelty phones that I had wanted as a teen), and the prices made it completely not worth it. Right now, in my apartment, I think that the only landline service I can get is through xfinity, and that's with a VoIP type box, so it's not even a genuine landline. At the time I first checked, the traditional local phone service was still available.
Well If you really think about it, since they know they'll have fewer costumers (and eventually none) it may be a better strategy to raise the prices so they can squeeze the most they can, on those who remain and have no choice than using that specific service
My parents always had landline just incase if something happened with cell phone and as home phone line but mostly as nostalgic and functional relict. Mom bought antique style rotary phone in 2020 but that time because sniffles caused economic crisis everybody become greedy and began to scam peoples including landline phone provider who didn't correctly connect her phone and ignored her calls and emails but in the end demanded to pay for services she didn't get. She refused to pay for something she never get and they began to add ridiculous penalty % and in the end cut off all services in including blocking her cellphone numbers and remotely locking fully paid tablet she bought from them. When business is doing bad they think increasing prices and scamming their customers is good business model to save sinking ship and all those highly educated CEOs can't predict even if they manage to scam some short term money in long term it will cost them more.
There are simply too many streaming services diluting content, and Disney is too big. I've thought a lot this year about how nice it would be to have a blockbuster video store again. The selection was good, and it wasn't impacted by NBC, HBO, or Disney owning the rights to this or that.
@@gbenselum yes, but Apple, Google, and Amazon have enough money and control over society. The local mom and pop franchised or non-franchised video store would feel much better.
The video store footage in this is both nostalgia and trauma In the mid-late 2000s I worked full time in a DVD rental store franchise open 365 days , im not afraid of hard work but it was most unexpected intense job I’ve ever had , under-staffed ,multi-tasking on minimum wage ,unpaid overtime was necessary to keep the store systems functioning. I don’t know if every store was same, management squeezed us to our limits
If Netflix would focus on *quality* over quantity then I think they would still be worth the subscription. So many great shows were cancelled and having too many options to sort through doesn't add value to their service.
Agreed. Their biggest problem was that they rushed to put out content and never bothered to try to build a fan base for their original series it was just one after another after another.
When I'm honest... the dilution of the streaming market is my reason for nearly canceling Netflix (and it's still on the cancelation list) with Netflix, Disney+, Amazon Prime, HBO Max, ESPN, Videoland (NL), Viaplay, Apple TV+ and my cable subscription. There is no way for me to see the series and movies I like. They are all over the place. I quit downloading entertainment because of Netflix. But now there is no way for me to enjoy what I want and still being able to afford it. Making piracy a viable option again.... investors are f***ing up their own market.
For a while a bunch of us just shared passwords around, so we could cover all the subscription services and still see everything. One friend had Stan, one had Netflix, one had Disney. But now they're demanding we stop doing that and cracking down on sharing passwords, making it less viable and they're just gonna lose more and more customers. The convenience of a streaming platform is the only thing stopping people pirating and pretty soon piracy is gonna be more convenient once again. Same cycle as what happened with cable. They never learn.
We are no longer in the golden age of streaming. Instead of one big streaming service that was a good price and decent quality we now have several lesser quality services that are way more expensive when combined. I don't really blame Netflix for where we're at.
Netflix is definitely to blame as well. They flood their own service with low-quality trash that no one cares about while simultanously raising their prices.
Same! I was subscribed since 2010 but I realized one day that I don't actually watch anything on Netflix anymore because any major show or movie has been taken off the platform. Scrolling through an endless wheel of garbage independent movies. We used to pay $7 a month for all of Hollywood and now they want us to spend nearly $20 for jack shit.
The UX was like a terrible curse... you know there is stuff available on anext screen, but it gave you almost no way getting there. I would explain better what I want to a half-deaf Chinese on a market than to get it from the hellish UX of Netflix.
Interesting fact - in smaller countries like mine Netflix is a shell of what US consumers get, even what Canadian Netflix offers (which I know is far from good). Whole shows are missing, sometimes shows have only one season out of a few released. You get mainly Netflix originals and whatever Netflix is doing with this model, it's not okay - you pay for nothing.
Yeah, all we get is the dreaded Netflix originals aka braindead plot United Nations cast (the diverse cast is supposed to lull us from realizing that we're watching mumbo-jumbo)
During the pandemic, I paid for several streaming services (Netflix, Crunchyroll, HBO Max...) With the return to work, there is no time to watch everything and with the high price, it does not justify keeping them... Currently, I rotate between them, keeping only one subscribed at a time. When I finish watching the content I want, I cancel it and I go to another service, so I'm paying a maximum of 1 at a time (in addition to Prime, which I keep due to Amazon's free deliveries).
This is exactly what I do. Prime is always there because of free shipping, but any other streaming service gets rotated. Keeping multiple going at the same time is way too 3xpensive. Especially when they release maybe one or two things a year I'd actually want to watch.
So basically people are treating and paying for the individual services the way Netflix originally intended to work, one subscription for everything. But with extra steps
its so easy to blame piracy but since the beginning of online piracy has always been there and when netflix was in the top piracy was still going! obviously bad corporate decisions brought them to fall! downgrading quality content, cancel show series, limited account restrictions is just a fre to mention that there is no one to blame but netflix itself! they got greedy and couldn’t handle competition enough to bring up the heat and level up!
For me it was the fact that when I went onto Netflix I literally couldn't find anything that I wanted to watch. I had been bitten too many times by their terrible cheap boring sci-fi films that I just didn't consider watching them any more, likewise with pretty much every other genre, it felt like a scam. Even when a new series was good, they'd deliberately not put as much effort into the 2nd season because they knew people would watch regardless (The Witcher). Then they kept trying to suggest all the new awful reality shows they were pumping out. Most of the original content (like 95%) was garbage, they needed to focus more on creativity rather than trying to come up with a formula that pleases their own algorithm.
That's happening to me now. My dad wanted to pay for it for the family, but now I can't convince him to cancel because that's the only app our TV let us watch (and TH-cam). My brother brought us a Chromecast for the biggest TV (it's kind of old) and I will pay for the best streaming platform that I can find, maybe that way I will convince him.
as a fan of The Witcher series who played the games and read the books, they just went too far in term of accuracy from the books which inspired the game and inclusion of diversity in the show doesn't help either because it's a polish franchise and has polish folklores, so it didn't make sense to have diversity of race in it. Simply said, Netflix tries so hard to push the woke culture
From 6 Euro/month to 22 Euro/month within 10 years is almost a 400% increase. My salary did not increase by 400% within the last 10 years. The Netflix library has not increased by 400% (it actually decreased since Disney took everything away that is under their Umbrella). I pay more year after year and receive less. For the first time I have actually considered cancelling my subscription when I saw I am now being charged 21.99 Euro/month
I already switched price tiers from the highest to the second highest bc it def wasn't worth as much and honestly I don't believe all 4 accounts were ever used at the same time anyways. The only downside is no 4k, which is annoying but also not that bad since there isn't much interesting stuff on netflix anymore anyways. Sooo, if they dare to increase prices again they can kiss my ass. If I really want to watch something I'll maybe activate it again for 4 weeks, but that's it.
I got tired of Netflix after they constantly cancelled every show I followed. I read that it was because of contracts making anything past season 3 very expensive but thats a problem they should have fixed yesterday if they knew that. Anyone that doesn't look into the financial reasons their show got cancelled after investing time into a show is going to assume the worst and they have.
They cancel shows thats way they have money to produce brand new shows. They realized a hyped up show like tiger King will sell a lot of new subscriptions while sequels dont sell anything. The irony is that them canceling shows is canceling more subscriptions than new shows are selling though.
Netflix was awesome when it first started. It's actually pretty sad to see it's downfall. I appreciate everything they've brought to streaming services. Unfortunately, it's really is hard to find the gems now in days. Squid Games and Arcane were the only Netflix shows I've watched in at least two years, and that's only because people kept talking about it.
To be fair it's not really their fault - the content owners decided there was more money to be made by milking their cash cow fans and releasing their own services
Great video as always, but you forgot one HUGE point, relating to their business model itself. It's not like Netflix no longer produces good content, they occasionally do. Key word occasionally. For every good show, there's an absurd amount of junk produced as well. Instead of striving for great content, execs and production just strive for content in all shapes and form. They're the Nick Cage of the streaming world, they'll greenlight anything no matter the quality just so their platform can be filled with stuff. This results in hundreds of millions being spent on the production/distribution rights and marketing of junk shows and movies that nobody cares to watch or get critically panned. It's not like other streaming services don't do this, but Netflix does it FAR too much and the company has no alternative sources of revenue, contrary to say Disney and NBCU, which have, for example, their theme parks. Netflix needs to stop acting like a tech company and start acting like a movie studio.
Yes, the quality varies wildly - some is so bad a cringe is not metaphorical - you catch yourself in the act. Series can also have GOT disease - an infection that kills a 3rd or 4th season, etc, ......
for the most part agreed, but you also are thinking from a critical perspective - how many of your friends / colleagues see a movie and say it was great, best movie ever! etc but in reality it had a terrible story, too vague, bad script etc..but people just watch something and think it's great. Also, netflix learnt very early on that they didn't want to not own things being streamed on their platform. This point makes me wonder how much their catalogue is worth.
I don't think they have the option to be picky. Basically all popular video media (movies and series) are owned by major companies, and most of them are moving to their own streaming service. They see the writing on the wall that in a certain number of years or decades they will have no more content. So they are scrambling to get enough content to be able to justify a service, whether good or bad.
Definitely this. I never agreed with valuing Netflix like a tech company and not an entertainment company, it's like calling Allegiant a travel agency and not an airline. Netflix is so overdependent on fixed subscriber prices regardless of how much they spend on content, and only a limited amount of those shows can make more money on licensing or merchandising. Basically enough to subsidize a fraction of what they cancelled. They're also forgoing another revenue stream without ads. How this company was ever valued more than Disney just defies logic. Investors expected endless growth but Netflix doesn't have much runway left, if at all.
@@wingedarr0w yeah exactly that’s part of the problem as to why they feel the need to go HAM with content rather than produce high quality good content. They just don’t have alternative sources of revenue as well, partially due to another factor: they do a terrible job merchandising their shows and movies. Their biggest shows and their kids shows don’t get nearly enough merchandising attention, and that’s where the company can find alternative sources of revenue as well
All the streaming services have the same issues. After, three to four months you run out of things to watch. Then cancel one and move to another, after a year you may have had 4 to 5 streaming services. They will have to come together and create a Spotify model where each stream service gets revenue based on content being streamed. Only time will tell.
I think you are right. I'm in the UK and pissed that I can't watch Star Trek Discovery. Netflix made the series a success and their reward was a massive middle finger from CBS. I think that studios and rights holders should adopt the Fair, Reasonable and Non-Discriminatory (FRAND) licensing model. Basically, if, for example, Disney make a new movie or series, they HAVE to make it available for others to license at a fair and reasonable price. Maybe not straight away, let the creators get first showings, but soon enough.
How can I run out of a content, if I keep being shown 15 things, with tabs so big that a sealion could easily control it, and to get out of these loops to some reasonable list and filters is impossible.
You neeed a streaming standard platform. One subscription, various upgrades, all movies and TV series. It's ridiculous nowadays, that you have to subscribe a dozen streaming services to get what you want.
I think you nailed it with: “why would consumers pay more for content that is slowly dipping in quality, with shows that run the risk of being cancelled.” I think that, in combination with a rise in the price of living, is what Is driving customers away
They canceled Bojaaaaaaaaack. The creators had more planned. I'll never forgive that, especially given how relatively cheap animation is to produce when compared to live action.
I resent the LGBTQ++++ getting forced into every category. The WOKE content made Netflix unwatchable. You cannot pay me enough to watch Netflix's terrible content now.
@@davidparker9676 im glad it offends you, because its gunna keep happening and when your dead? still keep happening. in fact i hope in the future being straight becomes either illegal or the unusual... i pray for times like these. Same with whites becoming the minority like projected. Its about damn time we stop giving them any attention.
Netflix's biggest issue actually has nothing to do with them specifically but with the market as a whole. When they were the only streaming service available they had an immense value proposition. Now with dozens of different streaming services, each with its own unique content, all streaming services, are have a significantly lower value proposition. Whenever people discuss the business of entertainment they keep forgetting the biggest hidden competitor: piracy. When the market has a convenient legal alternative that provides good value most people will flock towards it rather than sail the high seas. That's how Netflix rose to its dominant position. However whenever the market options become less convenient(say adding ads), and/or no longer offer good value(less content and more expensive) than many people will ditch them in favor of sailing the high seas. The music industry learned this lesson long ago, with Spotify remaining the king of legal music and now TH-cam music starting to rival it. Hollywood needs to learn the same lesson. Competition isn't always a good thing, especially when the competitors resort to exclusive content to beat their competition. Since piracy clearly isn't the solution, what the streaming market needs is consolidation. There's absolutely no reason for small streaming services like Peacock, HBO-Max and their like to exist. All these smaller streaming services should be merged into the 2-3 top dogs and preferably either shy away from their own production studios altogether or share some of their exclusive content with their rivals, even on a limited time basis. Streaming needs to be affordable again for the amount of content we're getting. That's the only way for the industry as a whole to regain the upper hand from the pirates.
Consolidating power is good for large corporations but not good for the common man. Competition is bad for powerful corporations but good for innovation and the common man. The biggest problem with America is that lots of businesses are consolidated by large corporation ,therefore a new enterpreneur doesn't get get a fair chance.
I think it's partly the spread of licensing. If Spotify had 10 big competitors and all music licenses were spread out over all services, with huge gaps of content on all of them, people would just start downloading the files and go back to using mp3 players (or using their smart phone as one). I think this is what's happening to video. Torrenting is seeing a golden age of content currently, with all these behemoths pumping out fresh content for market share. Meanwhile you can just pay a THIRD of the price of ONE subscription on a VPN, to gain basically risk-free access to ALL of the content.
you do not get access to all content just by pirating, you still have to sift through a billion sites, really cant compare that to like going on netflix... what
This exactly, the big issue I see with the modern streaming concept is it's hard focus on monopolizing content and due to that and knock on effects on that (increasing price and increasingly worse consumer experience). Meanwhile music streaming doesn't really see any piracy issues anymore, mainly because audio streaming services don't monopolize content but rather compete on quality of service. Just imagine a world where all big music labels like Sony, Virgin, Universal, Warner, etc. had their own streaming service and those being the only place you get their content as well as monopolizing every album that get on one of their platforms. Nobody would be streaming music.
@@germgoatz2014 bro you have no idea about pirating I guess. There are sites that are called trackers and you pay approx 5-6 usd per month and have access to over Petabytes of collection, so yes it probably has everything. You literally no more need to go searching, you get everything in one place, it's just that in the beginning, it is hard as payments are through crypto or other anonymous methods and even registering an account requires strict verification or referal from already joined members. you also can't join whenever you want, they open registrations for a short period of time and people are informed about it only by referal and other means, but if you know what you looking for, you can easily get in.
@@MarcSpctr I can download 95% of the things I search for, without viruses, 100% free. Takes just a few minutes and it's playable on my computer. Another few minutes to put it on a hard drive and plug it into the big screen. I could download every 4k movie that came out in 2021 in an afternoon while I run errands.
Main reason netflix failed in india was bcz of its inability to identify and pick up india specific shows whereas on other hand its main competitors amazon prime and disney are experiencing huge growth in india as they were better able to understand indian audience.
Also Disney plus and prime are yearly and Just much cheaper,200 rs per month per single person makes sense but they make a mobile only version in that price , that's shit,even in that i can't watch on tv or my laptop that i want of course i share a account
@@DaChonkIsHere Woke Factor destroyed whole of Bollywood too. Even Highest Grossing movies in India from past couple of years are of regional languages.
Imo Netflix started dying when they chose to ditch their (great) algorithm to recommend stuff based on your viewing experience and ratings (5 years ago I think). Suddenly all my recommendations were 90% shitty shows (mostly being Netflix originals of course), and getting worse every year. They VERY intentionally chose to pick inflating their view numbers over the viewing experience of their costumers. After that they clearly picked quantity of quality. So like you said, the quality just kept getting worse while the price kept rising. It's ironic that the only reason I was still subscribing is because I was sharing my account. I didn't want to let down a friend, so I just kept it. And now they want to crack down on that too, stupidly thinking they'll gain subs. They won't, they'll just lose even more. I'm done with just giving away my money to a company that doesn't give a shit about providing a decent product. I'll hop between different services and sail the high seas again.
Agree. I also am frustrated by the user interface. I wish it was a bit more like youtube where the watch history was more detailed and searchable and that you could create playlists and click the dont recommend /already watched button. Am sick of seeing shows in my list ive seen or will never watch. It would be good also to have a notify button in the lists for new episodes of series on your playlists.
I am one of the most affected from this. Currently, my portfolio is down by approximately 35% and there's no hope in sight. At this point, I am just praying to somehow scale up my returns, draw even and sell off. Any tip or info on how to go about this will be highly appreciated as I am losing my mind.
People must understand that the market is not a child's game. It a zero sum game and you could potentially lose all. For starters, always make correct inquiries before putting your money somewhere or better still, get the services of a pro (that way, you give little room for error). Made my first million earlier this year this way after years of learning the hard way. Good luck!
@@patsyryan9316 Pragmatic... I have been into this for sometime and though I won't say I have lost a fortune, I have squandered quite a lot... How can I get in touch with one? If it's not a problem, do you mind recommending the pro. you worked with? I could definitely use the help of one right now... I anticipate your response..
@@Mrcarlson_E Funny enough, I can honestly relate. I don't know if I am permitted to drop it here, but her name is "Nancy Lynn Lewis". Was in the news a lot in 2018. You may check her out online for more.
What happened is that instead of paying 10$ a month for all types of our favorite movies and series now every stupid media company has decided that instead of renting the rights of their content to Netflix they will just open their own small streaming services… splitting the product you love to many services costing 15$ each…
and then you have disney being an idiot opening two different streaming services when they own fox in its entirety, and excluding content from it's vastly more popular service because it doesn't fit their brand image. Fucking garbage company.
I read an article about Netlfix and their penchant for cancelling new shows. Apparently they just make WAY more money on shows that last 1-2 seasons than on longer-running programs. The production costs are low, the actors and crew are less expensive, and they make a killing on ads and merchandise because of all the hype. After a show is on for a while the actors and crew expect more money and production costs tend to increase, so Netlfix pulls the plug. They’d rather take away something people like than pay more to keep it going. “Stranger Things” would be an exception: by far one of their most expensive shows, it just happened to premiere at a time when “one-and-done” shows weren’t really a thing so it basically got grandfathered in If someone stands to make a profit off of something they will and they’ll ruin it in the process. TV, music, sports- you name it and money has messed it up
Netflix always had the issue of being a small fish in a big pond. In some ways I had a soft spot for them as they were the little guy standing up to the big playground bullies and they dominanted for quite a while. It was great to see. But the moment Amazon and Disney entered the market, you knew it would be game over for Netflix eventually. These companies have huge financial backing behind them. They don't just rely on making money through their streaming services. Amazon's main source of income is through its online shopping services while Disney, well, take your pick. A global behemoth of an organisation. So even if their streaming service does lose them money, they can withstand it without any difficulty. This is not the case with Netflix as their only source of income IS their streaming service. This is not sustainable when you consider how much more money they were ploughing in each year for creating new content just to stay competitive (the numbers were getting ridiculous); the fact that subscribers could cancel anytime they wanted to (which always left them exposed to a drop in income or company value overnight) and their ridiculous deficit they've always been operating at. Add to that some of their greedy business decisions such as price rises at a time when the cost of everything is rising anyway and you have an extremely flawed business model. So now it only seems to be a matter of time. I do still see a future for Netflix though but not as a streaming service. My prediction is that they will go under and then become a cable channel and show repeats of all their previous content. Alternatively, maybe outsource their previously made content to other cable channels (or dare I say it, other streaming services).
Running a studio is not cheap. Maybe that is what failed them so. And also, creating new contents, should.. Well they should look at YT, or even for other countries, and their back logs as well.. and make sure that they have a decent "right" to lock them to them only for a set period of time. And yes, diversify then... Or consider merging with other companies etc. i.e. Uber, or delivery companies to include food AND movies together as a deal.
Netflix was incredible content-wise before HBO, Disney etc. understandably pulled all their best content from the platform. Really was the best streaming catalog ever, and probably will be the best of all time as I don't see the streaming marketplace ever getting as small as it was in 2014-15 again.
It was the big streaming platform and it could pay for Disney's IP's or to have the show Friends. Netflix will probably be the Apple II or the commodore 64 o this era, a golden standard but one that didn't last for that long
Netflix made two major mistakes. One, investing and catering too much to the minority of subscribers. Two, charging more money and continuing to provide less and less to it's users.
Lately from last 1 year, I noticed almost all new series is based on women leads or people of color Wth..am I the only one who felt that way?! No issue with women lead characters or minority oriented shows - but then if it's 90%. Then it's indeed an issue. I don't remember when was the last series I liked - I still have the subscription though - Just not interesting as much as it used to be.
Every month they push another group’s content. Why can’t they just see what I like and recommend similar content. Put other content into “feeling lucky” and let the subscriber decide. I use Just Watch to curate my shoes and recommendations.
@@rajesharihant The funny part is when those women of color (LGBTQ+ as a bonus) are on stage accepting some stupid award at some stupid award show.... they will give the usual self-congratulating spiel about how heroic they are for breaking some non-existent glass ceiling, while everybody is forced to pretend they are vastly underrepresented in mass media and clap enthusiastically!! It's all so tiring and disingenuous. The only group that has a right to complain about representation are Asians... and yet they hardly ever complain about anything.
I think you left out an important detail in the Netflix/Blockbuster situation. Blockbuster didn't "laugh them out of the room". Blockbuster said no because they already had a DVD Rental service in the works. At the time of the Netflix meeting, Blockbuster had just scored their funding from a well respected company. One that was definitely going to be around for a while. You've heard of them, too. It was Enron that was going to partner with Blockbuster to develop Netflix's competition. And, well, we all know what happened with that.
When you start living in lack and draw attention to yourself you will end up attracting that to yourself. If a customer plays for 4 accounts it shouldn't matter where the accounts are accessed as your paying for the ability to access them. What they should of been doing is lowering the price to lighten the load of the cost of living for families who need cheaper subscriptions and got companies to advertise so that they can still see protential growth for 21/22. When your not customer focused and you take your eye of the ball for a second you will find yourself in shark invested waters. Also when you don't own the content that is being consumed it can become a liability really quickly. What they should be doing is building their own studio so they own the content they are producing and this would of allowed them to sell it to other digital platforms over time and if they kept on doing this they would have eventually been in the green. Reason why you want to have you own studio is because it allows you to sent terms of agreement and pay of production. When you buy content and is extremely popular you can pay to heavily for it and they can pull the plug anytime on you. And it can involve heavy law suits.
We are 100% in a bubble, there are more choices now for streaming that if you wanted to watch everything it's more expensive than having a cable package. Its not worth it
Anti consumer bullshit always leads to demise. I think there will be a crash like the gaming crash. Not as big of a drop off, but a significant one non the less. I think the frustration people have with all the money they have to spend on these services (especially with the economy rn), the sorry state of the content, and the rising prices will end up blowing up at some point. I’m not in the best financial position rn, so piracy is becoming an increasingly viable option for me. What they need is what the music industry has, have several services offering the same content, so the platform can just relay on the features they offer over the competition. Don’t spread people to thin
There is stuff like xbox live, one of my favourite ones. Ubisoft and some others are implementing pretty much the same thing, which honestly works for me because far cry 6 had barely enough content to justify 15€, not even considering 60 :) I prefer this model as I usually play games for only several months a year but when I do I'm pretty committed :D
Why do you torrent? There are many streaming sites where you can just watch whatever you want. Torrenting not only takes long, as a peer to peer service if they catch you you are considered to be an uploader of illegal content which is punished much harsher.
And the fact they keep paying lots of money for popular IP rights only to then make a garbage show that in no way resembles what made that IP popular. It's like they're actively trying to fail as a business.
To quote Gabe Newell : "Piracy is almost always a service problem and not a pricing problem." What a surprise, the best streaming service is Plex with torrents. Only way to get all the shows in one place.
For one that alot of really bad content flooded the market and it was really hard to determine what was a cash grab and what was quality. Thats why Nintendo made that quality seal in the early 90s
@@Arendvdvenk And made all the NES cartridges themselves and included a security chip (called the Rabbit Chip) in the NES that communicated with a chip in the cart and if the chip wasn't present the game wouldn't run.
Gabe Newel from Valve once famously said "Piracy is a service problem" and he is 100% correct... we "cut the cable" to reduce costs but with the content we want to watch is spread over soo many platforms each with their own subscription fee its got to the point where Streaming is WORSE value than cable was... it also hurts consumers when you start getting into a show that then suddenly moves to a different platform for any following seasons, a prime example is "Lucifer" the first 2 seasons are on Amazon Prime Video the last 3 seasons are on Netflix.., its practices like this that lead me and millions of others back to piracy the bigger the barrier to entry the more likely people will look for the back door
I stopped using steam and almost all game platforms because of that, so many for every game. at least in xbox we have all in just one store, but the prices are bad. Is using the series X/PS5 or going pirate with the pc. is crazy having like 6 different launchers installed in my pc only for playing games. Also, steam have lost a lot of quality in the platform and users rights, that 2 hours refund policy is a scam.
Sweet, so now instead of paying a high price for cable, we pay a dozen low- to mid prices for streaming... And somehow we feel as though we're beating the system
I got pissed when they moved all the star treks off Netflix. Seriously I was watching that stuff! Other big streaming services rising up only hurts them too. People are not going to all leave netflix to get the content they want. The move of all the big companies to setup their own streaming services has brought back piracy.
@@Rolando_Cueva Nope, I looked up the article, it's global licensing with paramount+. The first to go was ST Discovery. Others are following. If you can watch ST Discovery, please tell me the country to VPN to.
its like whoever is in charge of netflix does not even have the most basic understanding of its consumers. They crack down on password sharing(they were losing profits, so maybe this by itself could have been acceptable, but overall i think it just served to annoy people), they keep raising their prices for a worse and worse product, and they have begun to release their seasons over time instead of all at once. one of the major parts of the netflix model is being able to binge a series, and by removing that they come off as greedy and extremely out of touch. they quite honestly deserve to be sued.
I cancelled my subscription back in '17 I believe. No matter what I did I couldn't get any show to stream in 4k unless I pirated it. Now, it seems like everybody wants their own streaming service, which completely defeats the purpose of having something like netflix where you could just get everything. Netflix made me stop being a pirate. Now I'm a pirate again.
The Netflix business model was always flawed. When I worked there a decade ago, I urged them to think of themselves more like a cinema chain: be a distribution *service* for the Hollywood studios, hosting all their content and paying them a percentage based truthfully on how much of their content was being watched. Instead, management decided it was going to try to produce more content than the rest of Hollywood combined, and to finance it at a deficit on the assumption that eventually a time would come when everyone was 'locked in' to our service and then we could finally make a profit by raising prices and cutting back in content. Which is basically how the cable channels operated in the 1980s and 90s. Thing is, it is a lot easier for consumers to cancel an online streaming service and switch to another, so the bait-and-switch model of cable television doesn't work.
Well, they actually do both from before your time, so maybe you didn't understand their business. They do want to produce their own originals to not be beholden to outside studios only. They do however act as distributors for content. For example, what would happen if HBO/Disney made their own streaming platforms? Would they take it off of your platform? Management had the foresight to know the answer, as did anyone with 90 IQ. Netflix is a high growth, tech company thats how they ALL operate. Deficits are only bad if you have no idea what you're doing and don't have a plan to grow in order to pay it back. The company was posting new ATHs with their deficit so obviously, it was not an issue. All that matters was continuing to grow market share until other prominent services started competing for market share and took their content with them.
Them paying millions upon millions of dollars to poach mediocre C to A list “talent” is another problem! I’m sure that cuts into the already dismal business model they have/had.
One of reasons why Netflix is failing is their really strange restrictions to quality consumer get. For example if you use Firefox browser only thing you get is 720p. To get better quality you have to use other browsers and 4K have INSANE list of demands to software and hardware. In my country on local VOD services we have 1080 without any special requirements, even with Firefox on Linux. Another thing is that you get only 720p on "basic" plan, this is also strange and nobody doing that here(all plans have HD access), except Google Play maybe, they too ask less for SD then HD
@@whatwelearned OFC its isnt, just like pulling from Russia had no real impact at all (seriously, Netflix was absolutely minor player on this market and sales in Russia was minor to Netflix too). BUT its this strange attitude to customers which is unacceptable on competitive market is one of reasons for failure.
@@whatwelearned BTW, according to Netflix Google Chrome is also will get only 720p if its not ChromeOS, so its quite a lot of customers stuck at 720p. Maybe FF is negligible, but Chrome is not.
Love your channel bro the music the narration voice it reminds me the days of Nokia's peak in smartphones when technology and and entertainment was a rare thing to get handy... And love those days of Nokia 7210 supernova and 5130 express music....
I had no idea they were around before the dvd shipping times. That clip of streaming a show on windows 95 / 98 surprised me... Granted some people had fast cable internet, but the vast majority were still on 33.6 and 56k dialup then, and streaming was impossible in a watchable quality larger than a postage stamp.
For me, when The Office left Netflix for Peacock and a lot of other content also left Netflix for its respective owners’ own streaming services, I realized there was relatively little remaining on Netflix that I still wanted to watch and finding it was much more difficult. I can’t see ever resubscribing to Netflix unless it’s able to substantially improve the quality of its original content. When I last looked, the company was clearly valuing quantity over quality.
I think that's the massive issue, really. Netflix completely failed to cultivate their own long-term stable of IPs, or at least a culture where we can expect them to regularly put out new quality content, which was going to be critical to the company thriving after mega-corps like Disney inevitably take their ball and go home. Netflix's OC has, at least since ~2015, been incredibly sporadic and unpredictable; often heavily relying on one-off phenomenons like Tiger King or Queen's Gambit. Without the broader catalog, it simply isn't worth the regular subscription anymore. And their ridiculous price increases compared to the competition has only served to remind consumers of that.
@@mm-tr8ly same in Sweden, I watched the best episode (the dinner party) last night. I think these guys are prolly talking about american netflix. They should get a VPN 🙃
They changed their user interface about a decade ago. I complained to them that it was not conducive to finding shows I wanted to watch. I was dismissed and told they were making an interface for all platforms - easier to maintain I guess. Also they offered wide ranging content, including classic movies, etc. Now, not so much.
It's not just to many streaming services, it's the whole concept of subscriptions to anything from software to razors. For some time just about anything remotely possible has been turned into a subscription model, but the reality is that many people can't constantly afford multiple subscriptions a month. Peoples needs and interests constantly change, so it's hard to keep them subscribed for a long period of time.
Yeah I've grown to detest the subscription model. It's too easy to rack up 5 subscriptions in a day just from shopping around. There are already a few companies who's whole business is tracking subscriptions. I would like to see banking create this feature and honestly surprised they haven't already.
@@jeronimo196 I remember seeing an article in a UK motorcycle magazine for the airbag vest for motorcyclists, back in the early 2000s. The author mentioned how drunk blokes in pubs would pull the cords on the vests. I could see many problems with the cord being pulled simply by accident, a curious toddler, dog, curious coat check employee, etc. These vests were quite expensive so a subscription plan would make sense.
I would say the rise and fall off online streaming plattforms with their current model. The model off exlusive content is deeply flawed and as their are more services out there the each with their exclusive content people cant afford to have netflix, hulu, amazon, hbo, via play, disney and.... Soo I think we are going to see a resurgence of "torrent" if they don't their s**t togheter with a model like the music industry with Spotify as an example, almost all music on all service plattforms competing with service and not content.
Even beyond the costs, it stress me to check all platforms for not feeling like missing anything. netflix was cool when everything was there. now torrent lol
I use a combination of spotify for the more generic things and soundcloud for more unconventional music, it would be nice if Spotify would allow for a larger variety of remixes as some genres cannot exist on Spotify at all
I started buying DVD's of the movies I rewatch and ones I felt were hard to come by about 5 years ago, in preparation for these moments. I knew that licensing issues would create problems for particular movies and that studios would just make everything exclusive. The problem is a lot of classic 70's and 80's movies actually get lost in the shuffle and become really hard to stream (well here in Australia it is.) Also at any point, they can just remove them. I don't want to be paying 10 subscriptions and have 10 apps bloating my phone up for movies that may just disappear. Corporations want you to believe that physical media is dead because they lost control of it. Don't accept that horse shit!
Yup - me too. Way too many streaming services and no guarantee that your movie will be available. It's silly. Plex(if they fix their issues on Nvidia) is the way.
I kinda agree with Elon Musk's tweet. I started to stop watching Netflix when most of its documentary and tv shows are "edgy". Many shows basically talk about conspiracies. Unfortunately while it looks like an in depth journalism from the outside, many are under researched and contain few credible sources.
I been saying this for awhile. When Netflix first started it was great because they had DVDS. They never had a large online content but I did enjoy the option. Now everyone is asking for their content back to start their own stream subcription service. We are going back to regular TV with the amount of services we need to catch all our favorite shows
The one thing has been true in media since day one. Content is king. Before big studios pulled their content, Netflix was the one stop shop to get everything. But as soon as Disney pulled the plug on Netflix, I knew it was all over. Netflix does not have the production budget (yet alone experience) of the major Hollywood studios.
I read somewhere that Netflix was spending more money on creating new content than all other studios combined. They saw the withdrawal of big studios and were obviously hoping for them to stick with Netflix, but honestly it's not surprising that they went solo. From the ashes of Netflix will come either a merger of Netflix with other streaming platforms (Netflix-Paramount-Hulu) or the gradual acquisition of them by Disney.
Not only have they spent more, but they also said just over a year ago they had finally stopped taking outside capital to fund their products. Once they said that publicly, I shorted the company expecting this fall to happen. Disney +, HBO Max, and Apple TV + will dominate the streaming world.
A few years ago, Netflix market cap surpassed Disney’s. I remember my father being absolutely astonished. To him, it didn’t make sense that a company with essentially no intellectual property (other than tech) was more valuable than a legacy brand like Disney which has countless characters, franchises, television networks, theme parks and real estate, simply on the basis of a streaming platform. How right he was
Let's see what kind of dumbfuckery Netflix did recently: 1. Cancelling amazing, critically acclaimed, and beloved shows. 2. Greenlighting shit and terrible content no one asked for. 3. Cancelling many animation projects (because apparently the Boss Baby is the kind of animation they think "matters the most in terms of numbers") 4. Raising prices to an outrageously high amount, considering the competition. 5. Planning to add ads. 6. Launching live streaming for some odd reason. 7. Shows and movies got removed because of licensing problems. 8. Releasing Cuties. I mean Jesus Christ that's a lot of mishaps in the span of short time. It's like there's a Blockbuster ex-employee who went up to Netflix's executive and initiate their revenge there. It's hilarious.
Ugh. I'd missed the news about the animation layoffs. I'm still mad they canceled BoJack. The show got a final season, but the creators have confirmed that it was canceled and they had more seasons in mind.
1. That happens with every network for various reasons. 2. That is so annoyingly vague. 3. Due to a management shake up. Projects get cancelled all the time, this isn't anything new. 4. Is it outrageous compared to the competition, because....no....it isn't. Again, you're just saying words here without backing it up. 5. Planning being the key word there. And it's not even that, it was in consideration. 6. LIve streaming? News to me. 7. Again, not specific to Netflix; blame the distributors. 8. Cuties wasn't made by Netflix.
@@Dribbleondo Lol what are you fucking doing here? Simping for a company? 1. "iT hApPeNs At OtHeR cOmPaNiEs" What's your fucking point? If it sucks it sucks, we don't give companies a break with our money because "other companies" do this, which also pisses people off at those companies and causes them to abandon them. 2. "So annoyingly vague", no people understand what this person is saying. You act like he's making some personal accusations against you rather than bringing up shared experiences many of the people watching this video can relate to. 3. Again, what's your point? What's with this weird excuse making for shit that sucks? The point of providing a service is to provide the service. If the customers feel as though you aren't providing said service, they will vote with their wallet. 4. "Without backing it up" Was this a personal essay to convince you of something? 5. "Planning is the key word here" What's your fucking point? Planning to do something stupid is doing something stupid in and of itself. 6. Irrelevant 7. Not dumbfuckery on netflix's part, agreed. But it's not helping them. 8. Fucking irrelevant. Netflix decided to air cuties, idiot.
I stopped using Netflix when I stopped being able to search for the content I want instead of them dictating to me. In the early days of Netflix you had access to their entire database of titles (Like Blockbuster in your mailbox) - but now you are massively limited by what they want to 'push' to your device, the same show might pop up in 10 different places when browsing, and you have no control to stop or influence it. Even using the search function only gives skewed results now. Freedom of choice was the #1 reason I tried streaming!! Once I lost control to algorithms and profits - I was OUT!!
I feel like the first tell tale sign of Netflix's decline was when they removed the rating system and changed it into the thumbs up/down thing they have going on now. Wasnt a big one per se, but I remember that making the platform a lot more annoying to use.
Absolutely. Amazon took away their forums and replies to reviews and down buttons too, in the same sort of effort to make things supposedly better for the company by making it significantly less valuable to the actual consumer. Huge selfish mistakes. Now I have no way to trust that what I'm going to watch will be a good match for me. It just wastes my time and energy to keep giving things a try at random.
Netflix needs to realize they are not a streaming service they are a movie studio, their focus on subscriber count instead of creativity and intriguing storytelling [in a Time where that is rare] is criminal
No, that's the worst way to position itself. It has to see itself as a tech company going beyong streaming. They have to think what's next. Streaking games? Comics? Maybe vr content? If they start acting like a movie studio, they'll fail like railroad companies who were myopic and only limited themselves to railroad rather than thinking themselves as a transportation company and going beyond.
They should also realize that it is more important what customer wants than what their propaganda dept. wants,and giving 10.000 shows in a system, and then give you a tool which let you find only 15, out of which 14 is crap, is not the way.
The biggest problem with online streaming now is that each platform prevents the others from streaming whatever they have so customers will have to come to their platform but by doing that people need to subscribe to a dozen different options just to watch the things they like, it's just infuriating I'd rather just buy the blueray or pirate.
I can't believe this really had went down with Netflix.. there was actually a point early last year I wanted to empty my savings on Netflix with the word going around that more people are considering it as a great investment. I think this is actually a valuable listen to not rush into something with out giving it some time to unravel its path.
Considering how long Netflix has been out it sounds like you really just missed the wave if anyting. You could have made a lot of money had you decided to invest way before last year
The time to invest in Netflix was 2009, not now. You're over a decade late. Also empty your savings account on dead stock for a dying company just because some shill clickbait on the internet told you to? My god people today are such total absolute morons. Netflix will be gone by next year, guarantee that. It's lost 70% of its value in a year and will continue to plummet. There has been a 2 million drop in subscribers since the start of this year alone. It's on life support and has flatlined, and the time to pull the plug on it will be coming shortly.
I do believe big companies like Amazon and Disney are being awful to their customers and people will slowly lose interest in them. They are the reason torrenting is again on the rise. Netflix single handedly shut down the torrenting worldwide.
I rarely watch netflix anymore and literally an hour ago I heard the news about how netflix will charge extra if they catch you sharing the password of your account. As someone that pays a lot for one show (not to mention how they infamously killed House of cards) I think I’m done with netflix.
Netflix was "humble" and I wanted Blockbuster to catch up at the time (2005-2008) but I found that getting DVDs from Netflix was revolutionary and it was the "return at your convenience" that got me to like Netflix better.
I think part of the problem is a broader problem of companies always wanting more growth. It is impossible for a company to have such a huge rate of growth and then sustain that huge rate of growth, but investors buy in because of the huge growth and they want more huge growth and they get upset if they don’t get it, even though it’s an unreasonable expectation. As companies get bigger, with more visibility and more investors, they let the need for growth impact their business decisions too much, which has the potential to drag them off the good path they were on. Although they have not hit their predicted growth, they still grew their revenue, they still have huge cash flow, they are still making very respectable profits. All the investor panic, and all the people saying they’re done for (even this video title says they’ve fallen, which is not really true yet) is unwarranted at this stage, even if they do have a lot of competition now. A lot of tech stocks are wildly overvalued, so then when they slow in growth (even if it’s not unreasonable for them to slow) it causes a big problem. This is the kind of thing we saw in the dot com bubble and we’re starting to see some signs of again.
If a company is generating enough income sustain itself even its stock price gets lowered, then it should be ok. If it is reliant on stock prices to survive, then it is doomed to fail. Other public companies have existed for decades, i bet not all of them are reliant on stock prices to have survived for that long.
Thats the stock markets and speculative nature of our financial systems fault. Theres actually no growth. These companies are finally being given the proper market value they always really had. Its been sickening to watch these companies post their market values that just didnt make sense. Primary industry and materials of actual physical value is where you will see investment flow. The speculative model is over. A lot of people will go to jail over the next 5 years. Not the right people but heads are going to start rolling before the end of the year.
@@sepg5084 that is exactly what current meme stocks will get you. Check how many cars Tesla made and check their stock price compared these to others in the field. "Papa Musk will make me rich!!!"
The investment system is at fault, as the way corporations need to do everything to make profits for the investors. The investors are just useless leeches of the corporations they invest on. They do nothing but throw money at the companies and then decide that they own the place, of which the know nothing about, do nothing about and care nothing about ecept that the profit margin increases. No matter if it is hurting the people around them and even the ones responsible for running the company. The system is fucked up. Fuck the leeches.
You could easily find all of that for free on the web if you search diligently enough. Why anyone would pay for in-home entertainment when you have the entire web? It honestly baffles me. I'm SO glad Netflix is in its last days.
@@nonequivalence1864 I didn’t know where to look or what to even look for. Netflix introduced me to a lot. I valued that varied and easy access as a young person. They gave new life to all kinds of genres. I feel like they stopped curating their content. Most of it feels like padded content now. The value of discovery is gone.
In the past year, I saw fewer and fewer quality shows, which explains the declining content on Netflix. I see fewer and fewer quality shows. And it isn't just me. Their price increase is unmatched by the quality of their shows now. I'm all for varieties of genres, as my list is all over the place. But what Elon said hit it on the nose.
How can they even try to claim password sharing is an issue when they charge per screen? If I'm paying extra for 4 screens instead of 2, what does it matter if they're under the same roof?
@@martinazhila6396 I mean that as far as I know if a publicly traded company’s CEO is perceived to not be doing everything it can to improve share prices for investors, they can be ousted and potentially sued which incentivises them to try to come as close to pissing off the customers as possible. I’m not saying they handled it well but with the shit hitting the fan and them in a position where they can’t even buy their way out of it (paying for more content), I don’t know if there was a way out
@@NuttyAs i don't think share prices will improve if you increase service prices. Even more, it makes people unsubscribe along with many other reasons such as low quality content. If the business is struggling of course share prices will be better, because they become cheaper. If the business is doing well the share prices will go up, but the value of the shares will also go up, the value of the business itself goes up. It's in the investors' best interest to have high value shares, they will sell them for good money. It's after all an investment. You buy these shares to later sell them at a better price. Dividents aren't always a given.
@@martinazhila6396 I’m not saying it was a good move, it was a hell of a gamble that didn’t pay off but apart from watching the ship sink I can’t see much more they could do. If there wasn’t so much competition they could buy more of a catalogue but I doubt another production company would even consider it if it meant keeping their competition afloat. Watching the ship sink would get you removed as CEO but probably not sued at least
I've completely unsubscribed to every streaming services. There's several reason for it, but most are following each other's bad decisions. Introduction of ads, higher prices and geo restrictions (if I need a vpn, I'll go to any other websites), too many platforms and all of them want to be exclusive on specific content. Netflix had an advantage years ago. All the content available in one location, now it's getting fragmented over 100s of streaming services, all of them competing with exclusive content old and new. This might explain why piracy has regained territory in the last few years. Illegal streaming websites have access to all the content for free, no geo restrictions or no platform exclusive content. While I don't condone piracy, I think Gabe Newell was pretty spot on "We think there is a fundamental misconception about piracy. Piracy is almost always a service problem and not a pricing problem" "The easiest way to stop piracy in not by putting antipiracy technology to work. It's by giving those people a service that's better than what they're receiving from the pirates" and lastly "If a pirate offers a product anywhere in the world, 24 x 7, purchasable from the convenience of your personal computer, and the legal provider says the product is region-locked, will come to your country 3 months after the US release, and can only be purchased at a brick and mortar store, then the pirate’s service is more valuable.” At this point the service is no longer brick and mortar stores but more other streaming platforms.
Atari was just too old, people needed games, but the system was not complex enough. You own some old TV? just as the Atari? unable to play movies on it, too old?
I said it, when ColdFusion drops a video, I drop everything I'm doing, work or not , I drop it all and watch the new episode release. ColdFusion, is New Thinking
That is so sad. I've been watching ColdFusion for several years now, and still do (obviously) but I feel it too has gotten watered down, He never tells the whole story, particularly not when it comes to anything Elon Musk. Anyway, glad you are such a fan, but keep it balanced man !!
I recently canceled by subscription after being a member for five years. The main reason I canceled it due to the injection of woke ideology in most shows. I am so sick of this progressive politics being shoved into every single aspect of life. I just want to get away from all woke politics. Politicians cause all of the bad situations that everyone finds themselves in now.
Having a small number of services makes sense as consumers can watch what they like for a simple fee. With so many options, I just don't care anymore and have mostly just stopped watching shows. Piracy is going to go up again since the market is now terrible for consumers. I hope it crashes. Maybe out of this, several studios can band together to make one service instead of 50.
It doesn't help that the content they're pushing out is dogshit. It's either woke or more goddamn superhero crap. Remember when you'd get an interesting big blockbuster movie that wasn't based on some IP that's existed since the 70's?
who knew making your service more expensive while downgrading your content is a bad idea
It is, what it is…
Common theme in failing restaurants. Cheaper ingredients, higher prices. Drivers customer right out the door.
You forgot to mention going woke and donating to the wrong crowd.
Every rubbish café ever, classic model
I heard that they were shocked by the results 😂😂
It's generally a bad sign when a company is losing customers and increasing prices, trying to squeeze more money out of less people for a lower quality product just isn't a great long term business model.
like ESPN has been for years now
It gives off the vibe of a company who realizes they've peaked and now wants to cash out before losing their market share.
cough! *blockbuster* cough
What a surprise ? When you go to a restaurant and pay a lot for crap you don't go back to that restaurant. Do you ?
we all knew netflix got a ton of subs due to covid and it would drop afterwards. netflix staff didnt prepare for this and lead hype - it'll go back to what it was if they start setting the correct expectations and providing real content & not overbuying shows at like 30million per ep like stanger things. they went full retard. once they buy more shows at a decent rate it can go back to what it was pre covid.
It fascinates and baffles me that the company apparently did not see the correlation between the COVID-19 pandemic and the explosion of signups to their platform. It is as though they hadn't considered--and therefore were not prepared--that these same people would cancel their subscriptions once they were able to leave the house again.
this is hindsight, you do not know for certain whether the demand that was created during covid19 would stick or not. in my industry, canned food/bevs, the demand spike from covid19 is still sticking
This also goes for all the stupid virtual signaling shows Netflix wanted to produce.
I think they thought that they'd be able to retain those subscriptions.
tbf a lot of companies thought the same way like zoom or peloton
@@typicalnewyorker5993 virtue signaling bruh you can make an inclusive show that isn't shit
I stopped pirating stuff many years ago when Netflix was on its peak. I had everything on the spot for a reasonable amount of money and on top of that it was all legal. Then a lot of IP was pulled from Netflix and now I would need at least 4 different subscriptions to watch all the shows I love. I just can't and tbh don't want to afford that. The big players made piracy an attractive solution again. That's beyond me. I feel sorry for Netflix.
Hahahah indeed. Looks like back to pirating for us. Or download mod apks that allow free movie and shows if you are an android user. If iPhone, GG rich people no issues with subscription to life.
Seriously... I haven't paid for movies, shows, or music since 2002.
@@NativeTexMexican how?
Pirating movies was never legal lol wtf
I don't feel sorry for pedophiles.
when pirating a movie/series is easier than searching across multiple streaming platforms to find the same movie/series then there is something wrong with the distribution model
Arr, a fellow swashbuckler, I see!
@@hailtothevic popcorntime here
there is a app that have all tv and movies from all apps in one and you can download to your phone or side load to your smart TV. all for FREE $9.99 lol. with 4k hdr blueray etc. the time of the low quality stuff on web are no more. I never paid for streaming apps my whole life. I only waiting for the new TOP GUN that has to watched in person lol
Honest truth is stuff isn't even worth pirating anymore.
@@sanriosonderweg exactly! Smh!
Eliminating the reviews made it difficult to filter shows that one would like. No sense in doing this. Their algorithm in recommending shows specific to taste also seems to be poorly executed. I find myself spending more time looking for a show than watching. That’s when I quit.
Blame Amy for that
@@sleepless9994 I blame them for that. They were short sighted to protect her at the risk of the consumer.
Yep. Completely agree.
just avoid the red N of wokeness and you'll be fine
Exactly. After the endless scrolling to find something to destress me from a day’s work, all the more I get frustrated and end up turning it off and switching to watch random videos on youtube instead. I swear you tube’s algorithm is way more efficient to keep me interested and make me click for more.
Get your act right, netflix.
There's too much competition. No individual service is worth it because all the content is spread out between all of them. At this point, piracy or abstinence are the only real options.
I've been a happy, paying customer forever now. Don't drive me back to the ocean matey!
That's pretty much how I feel. If it was just Netflix I'd be willing to pay for it, but with how fragmented the market is I'd rather just pirate.
@@austinME Yo ho yo ho a pirate's life for thee~
@@HakimJamil94 i discovered something better. I started going outside instead!
I've been pirating my whole life lmao
Nothing new
Was on the fence with Netflix - gradually got sick of them making rubbish nobody wanted while cancelling good stuff. Finally got rid of it when I realised free content on TH-cam was often better!
Thats 1 thing i hate over the woll withe tv shows netflix including canceling good shows 1 show or seasen is bad showing so lets cancelled it istead making it bether nope Nada
@@pguijt i had a stroke weading your comment
@@johnwicked1132 same
You're right about this, they start some good series but cancel them for bad ones because they thinks this is what people want
nowadays all they have going for them is stand-ups. everything else is the equivalent of a made-for-tv movie from the early 90s (absolute trash 99.9 times out of 100)
I think piracy still increase again when you basically need five or more streaming services to view what you want. That makes it easier to pirate than pay again. The problem that Netflix and Spotify solved initially.
I dont think Spotify will fail though, unless major record companies decide to sign exclusive deals with Apple Music and Spotify, which is pretty much what is happening here.
already has m8 i can watch al these for free. every channel every streaming service.
@@pop_3310 Totally agree! For music it still affordable and simple enough to get more or less all music. But if I needed five streaming services to listen to my favorit bands, I would find other solutions.
Personally I believe that the best way to limit piracy for movies is to release them digitally the same day they open i theaters and not make exclusive.
Maybe they could be included in a Netflix subscription of Netflix produced it, but why not also sell it at iTunes Movies, Google Movies, etc?
I think Disney+ has done this for some of the movies.
@@pop_3310 only issue is apple music’s audio codec is vastly superior and when apple actually has hardware to support their lossless audio later this year.. idk man spotify looking hella sticky in the near future
@@DineshKumar-cp5qq which woke shows on Netflix said that lmao
The $100m they paid to Prince Harry and his wife instead of making better contents to subscribers is a clear indication that this company lost focus and run by idiots, that money could have easily help keep prices down and more contents, we left Netflix when prices went up again but knowing they have so much cash to waste than to give me value for money is just a no no for me.
Netflix eventually was headed this way regardless. There's nothing special about Netflix anymore compared to 10+ years ago.
There's just to many streaming options compared to back then. And there losing content from new competitors.
The Office leaving Netflix was definitely a big blow.
That is definitely one of the most watched TV shows on Netflix even if you seen the episodes 100 times for some reason it doesn't get old.
You may not like the drama surrounding the royal family but statistics would prove you wrong. Just like I don't care about the trashy Kardashians, but still they have millions who do follow them. If Netflix had signed them up they would have made even bigger piles of money.
I agree with JDBass and have read articles that there is just too much content out there. But how quickly we forget that part of Netflix's success was their original content. Previously awards shows were won mostly by Netflix. The list of movies and shows they made that had everyone watching pales in comparison to all the other services. But true, they aren't keeping up and I predict that Disney will overtake them because they are a studio that added a streaming service. Netflix is just a streaming service. They desperately need to combine with a studio like Columbia or some lesser one.
@@rabbit251
The Kardashians mastered a new genre. They had a talent for it and worked hard. Harry was born into the royal family and his wife married into it. They have shown no talent for anything but bashing the royal family.
@@castlerock58 Kardashians have talent. That's funny. Like saying Trump is a good businessman. They're only good at PR, nothing more.
@@JLB00333 And royals brand is how old? (Which is the main purpose of their brand. Plus they have some really nice castles that no one would ever be able to afford. Both are nothing but drama, though, basically).
The price increase was the last straw. Coupled with the lack of older content. It's no longer the product originally sold, a movie rental business that had a wide selection. Browsing Netflix now feels like when you went to Blockbuster and found the new release wall empty and then wondered around the store to find something to take home so your not empty handed.
Well Netflix also going to introduce Ads
Yes, me too.
They lost much of their content, yet instead of adjusting their pricing according to the quality of product they are offering, they opted to overcharge, now of all times when everyone's finances being hammered?
So after being law abiding citizen for almost 10 years, I'm back to piracy as of this April.
and not something you really would like...just anything really
this comment is underrated!!!!! exactly how i feel!
Imagine if they’d cancelled Breaking Bad half way through season 4 or 5 even? That became their inexplicable business model which unaccountably squandered all good will between them and the creative industry, and their audiences.
Two years ago, parting with Netflix would have felt like a sacrifice. Now, everyone has another streaming service they’d rather keep and Netflix is way down on their list.
Two things the public are sick of: when a movie flops and they know that means it will soon be on Netflix (thanks for nothing, Netflix) and hearing the word, “algorithm.” The dumbest robot in the world cancels all our favourite content and now they want us to pay more for adverts? Not happening.
Fun fact:
This same thing happened a very, very long time ago with the advent of Cinemas! Each company started partnering with different Cinemas and to see X movie, you'd NEED to go to a Y cinema. Eventually sales started dipping and the government had to step in and say all cinemas are entitled to all movies.
This will, in my opinion, happen again soon with streaming services. Either that or they're all just gonna die out to piracy, its been sky-rocketing ever since splitting up the content. Pretty easy to see why. Companies are greedy morons lol; Smh.
Yup. If I want to watch the entirety of the Stargate Franchise, I have to have:
1) Netflix for the original series
2) Hulu for Atlantis
3) PlutoTV for Stargate Universe
4) Hulu with the cinemax add-on for the first Stargate movie
5) Multiple rentings for the Stargate movies, on either Amazon or TH-cam.
And if another series finally gets produced, it will be on Amazon prime. I'm not fucking paying for all those services. Yo-ho yo-ho it is
This is a situation like the prisoners dilemma really. If company A shares its ip and company B does so as well then everyone profits as streaming services are easy and comfortable to use again. However if A shares but B doesn't then B profits leaving A to fail. So both A and B afraid of getting betrayed don't share which means they both suffer because the content is so divided among services that piracy becomes the better option.
That's why the gov. action would work, since you don't have to fear anymore that someone might get greedy and betray everyone since they would get sued. Another option would be if they all got together and made a contract that they can stream each others ips if they agree to share their own. But something tells me they're better at this when it's screwing the customer over rather than helping out.
@@ImpossibleOrange even with the scenario you're describing Netflix seems to have pushed themselves into a corner. Who would even want to pay for Netflix's trash inhouse content? what media suit in their right mind would look at Netflix's "Cleopatra" and think "YES, I want to pay money to have that on my streaming platform!"
The problem as I see it is exclusivity. If I want Game of Thrones, I need HBO. If I want Mandalorian, I need Disney+. If I want Foundation, I need Apple TV. For Halo, I need Paramount+. And for Stranger Things, I need Netflix.
That exclusivity divides the streaming landscape and pushes up my streaming bill into cable bill territory. That is a real problem that won't go away until exclusivity is solved, probably legislatively.
Used to be the movie studios owned the theaters, and if you wanted to see a Paramount movie, you HAD to go to a Paramount movie theater. I think Congress was right to step in and break that up. You could be a content owner, or a content distributor, but not both.
I think that idea would work wonders for streaming as well, so that I can watch EVERYTHING on Netflix. Or of I don't like Netflix for any reason, I can find EVERYTHING on Amazon, or Hulu, etc.
The bright side is all of those services are cheaper than cable tv!
@@LarsonChristopher Not when you add them all up. And "cheaper than" isn't the same as "cheap".
I want EVERYTHING for $20/month.
This is classic divide and conquer. They are all doomed unless they share their content. I have no sympathy for these services when they complain if password sharing.
Pirate it duhh. Its really easy too. Plus if you have a weak system, it plays better.
right on the head! Netflix changed everything when it produced its own content.
Honestly, the price increase combined with the drop of quality of their original content just killed it.
Series like black mirror and Arcane are not the rule, but the exception.
Exactly, they just keep milking the same concepts and in some original series you can tell they try to save money
Or they cut the good series after one or two seasons…
Ozark is amazing.
Netflix quality always was mediocre
I also dont like their suggested series and movies. Same recommendations month after month, very annoying
The problem with Netflix can be summed up in one sentence, they are producing content showrunners want to create instead of content people want to watch. They utterly fail when it comes to second seasons, but that's normal these days. Netflix was meant to be the revolution, no adverts, paying for only content you watch and none of the cable TV stuff, where you pay for 100 channels of crap that's watched by 3 people, but it's turned into exactly the beast it was meant to replace, expensive, adverts and a catalogue that's a big pile of crap.
Hollywood learned in the 1970s not to let “creative” run wild.
I feel like Game of Thrones kinda ruined TV - everyone wants their GoT
every single netflix original movie apart from don't look up has been a huge disappointment for me. The George Clooney space film just ended, bird box didn't have a satisfying conclusion etc.
Nah, it’s just competition. Too many rivals who have taken back all the ‘sticky’ content like friends, the office and Star Trek. Stuff you just put on in the background or when you can’t think of anything else to watch
This is Obama’s push. He is part of the board of Netflix…Woke agenda was pretty much unwatchable.
The problem really is that the competition isn't true competition. It's just monopolies who abuse IP laws by focing exclusives, thus spreading the market thin.
A streaming service should be seen more like a movie theater. You should be able to watch every show on every streaming service, and have them compete on price and features instead of content. This is the model you see on music streaming services.
what's your question
inbox me right away✅
True
Horrible analogy. Movie theaters make money selling food.
@@nikkingman a better analogy would be music streaming. You expect spotify, apple music, tidal… to have every song. They then compete on the details, like sound quality, algorithm, user experience…
Steam like thing would be great.
There are far too many streaming companies, and something has to change moving forward. Either a lot of them will die off to make room for a few favorites, or a second layer of companies will make deals with batches of streaming services, and then push bundles until we're back to cable, but over the internet.
The problem is Netflix used to have great content from all networks for a low price of $7 a month. Now they don't have jack shit and expect you to pay more.
It's already happening. My cellphone provider includes a subscription to their own video app with the plan I have, and while the basic catalog is pretty mediocre it has the option to rent movies and add subscriptions to other streaming platforms within the phone plan itself, it actually includes Paramount plus for free so all the Star Trek stuff that's being removed from Netflix is showing up in there. It really is cable TV all over again, but actually a bit cheaper.
This is already sort of happening.. my parents are old so they still watch cable tv... i recently saw that their DTH company has rebranded into a amalgamated platform where they are offering cable channels and the content of a number of streaming services all in a single place with a subscription model. We're back to square one. I predict internet-cable.
If you add a middleman the prices go up. That’s not competitive, and one of the reasons streaming services have taken so much market share from cable
I just switch between the services I’m in the mood for. I don’t normally pay for more than one service in a month.
Couldn't agree more with the fact that consumers are now spread too thin. It was obvious that with more streaming options to appear the quality would go downhill. Especially when companies owning original IPs jumped in, HBO, Disney... In the end this industry will start to do like the gaming one buying each others out one by one, until there's only two or three big services suppliers.
We're going toward an era of industries led by Hyper Consortiums with numbers that will redefine business profitability.
And the winner in all this? The pirates, especially those operating their own Jellyfin servers.
HBO max and Disney plus are basically the only ones worth signing up for. I do use Netflix for squid game. But I password shar it. If they get rid of password sharing, I’m pirating the show.
i found myself subscribed to Netflix for 14 years , hulu , Amazon prime , Disney , TH-cam premium , and HBO ....
Netflix seems to have zero idea about my taste after 14 years of data , it takes the worst cultural tastes and turns them into a cartoonish archetype for most productions ... but it keeps producing worldwide hits .but I'm impressed by HBO , the next step on this content war is pretty obvious.
Yarrr! I be ye olde pirate, have some elementum from my kodi bag ye swsshbucklers and take some ye olde debrid with your preiumizer at thst: 3 bucks a month for every show and movie on the planet whenever wherever you want
Or - we'll break out our old PS1's... XBox Ones (modded, of course!) and just let the idjits be idjits.
A few decades ago when the phone companies realized that 'cellphones' were the new thing, instead of reacting to the competition by lowering prices, they raised prices for local landline service and landline long distance, reduced services (hello operator?) and doubled the price to use a payphone. We see how that worked out.
Yeah! I've never had a landline in my name except for the college dorm phone in about 2004, and I didn't even plug that in. About a decade or so ago, I looked into landline service, just for fun (so I could jook up 90s novelty phones that I had wanted as a teen), and the prices made it completely not worth it.
Right now, in my apartment, I think that the only landline service I can get is through xfinity, and that's with a VoIP type box, so it's not even a genuine landline. At the time I first checked, the traditional local phone service was still available.
Well If you really think about it, since they know they'll have fewer costumers (and eventually none) it may be a better strategy to raise the prices so they can squeeze the most they can, on those who remain and have no choice than using that specific service
Ahem, worked well for them. Now everyone has a landline bill they carry around with them.
My parents always had landline just incase if something happened with cell phone and as home phone line but mostly as nostalgic and functional relict. Mom bought antique style rotary phone in 2020 but that time because sniffles caused economic crisis everybody become greedy and began to scam peoples including landline phone provider who didn't correctly connect her phone and ignored her calls and emails but in the end demanded to pay for services she didn't get. She refused to pay for something she never get and they began to add ridiculous penalty % and in the end cut off all services in including blocking her cellphone numbers and remotely locking fully paid tablet she bought from them. When business is doing bad they think increasing prices and scamming their customers is good business model to save sinking ship and all those highly educated CEOs can't predict even if they manage to scam some short term money in long term it will cost them more.
@@simplyincorrigible7708 yes but the original item is GONE from the landscape. As Netflix will be.
There are simply too many streaming services diluting content, and Disney is too big. I've thought a lot this year about how nice it would be to have a blockbuster video store again. The selection was good, and it wasn't impacted by NBC, HBO, or Disney owning the rights to this or that.
You could rent to apple, Google and others.
Google, Vudu, Apple, TH-cam - all services that provide the ability to rent just about anything
Really?
@@gbenselum yes, but Apple, Google, and Amazon have enough money and control over society. The local mom and pop franchised or non-franchised video store would feel much better.
take a trip down to oregon, that's where the only one left is
The video store footage in this is both nostalgia and trauma In the mid-late 2000s I worked full time in a DVD rental store franchise open 365 days , im not afraid of hard work but it was most unexpected intense job I’ve ever had , under-staffed ,multi-tasking on minimum wage ,unpaid overtime was necessary to keep the store systems functioning. I don’t know if every store was same, management squeezed us to our limits
remember kids, unpaid overtime is never worth it.
_queeze Rabaun, squeeze_
@@rooseveltbrentwood9654 agreed, unpaid overtime devalues ourselves and just makes the rich richer
Unpaid overtime?!?! You’ve been a fool to have stayed!
They played you like a DVD 🤣
If Netflix would focus on *quality* over quantity then I think they would still be worth the subscription. So many great shows were cancelled and having too many options to sort through doesn't add value to their service.
Agreed. Their biggest problem was that they rushed to put out content and never bothered to try to build a fan base for their original series it was just one after another after another.
@@Knuckles549 only thing Netflix has done right in the last 5 years was stranger things
When I'm honest... the dilution of the streaming market is my reason for nearly canceling Netflix (and it's still on the cancelation list) with Netflix, Disney+, Amazon Prime, HBO Max, ESPN, Videoland (NL), Viaplay, Apple TV+ and my cable subscription. There is no way for me to see the series and movies I like. They are all over the place. I quit downloading entertainment because of Netflix. But now there is no way for me to enjoy what I want and still being able to afford it. Making piracy a viable option again.... investors are f***ing up their own market.
Stop met al die abbonementen ZSM! Je mist ze echt nooit als ze er niet zijn geloof mij!
For a while a bunch of us just shared passwords around, so we could cover all the subscription services and still see everything. One friend had Stan, one had Netflix, one had Disney. But now they're demanding we stop doing that and cracking down on sharing passwords, making it less viable and they're just gonna lose more and more customers. The convenience of a streaming platform is the only thing stopping people pirating and pretty soon piracy is gonna be more convenient once again. Same cycle as what happened with cable. They never learn.
I rotate services, 1-2 months on and then off until next year.
Is the consooomer waking up? Probably not. But it’s nice to see doormats like you think about things occasionally
We are no longer in the golden age of streaming. Instead of one big streaming service that was a good price and decent quality we now have several lesser quality services that are way more expensive when combined. I don't really blame Netflix for where we're at.
Netflix is definitely to blame as well. They flood their own service with low-quality trash that no one cares about while simultanously raising their prices.
They’re more expensive (combined) because they are not subsidized by ad revenue.
"Sifting through junk to find the gems" describes my Netflix experience very accurately for the month or two before I cancelled my subscription.
Same! I was subscribed since 2010 but I realized one day that I don't actually watch anything on Netflix anymore because any major show or movie has been taken off the platform. Scrolling through an endless wheel of garbage independent movies. We used to pay $7 a month for all of Hollywood and now they want us to spend nearly $20 for jack shit.
@@cemsengul16 100%.
The UX was like a terrible curse... you know there is stuff available on anext screen, but it gave you almost no way getting there. I would explain better what I want to a half-deaf Chinese on a market than to get it from the hellish UX of Netflix.
Same
@@cemsengul16 Going woke didn't help matters either.
Interesting fact - in smaller countries like mine Netflix is a shell of what US consumers get, even what Canadian Netflix offers (which I know is far from good). Whole shows are missing, sometimes shows have only one season out of a few released. You get mainly Netflix originals and whatever Netflix is doing with this model, it's not okay - you pay for nothing.
I've noticed that while staying outside the US. it's absolute robbery!
Their shows promote discontent, anger and anarchy. Who would want to watch that?
@@davidlafleche1142 which shows are you referring to?
@@mequable "Everything Sucks!" was a typical example. Netflix wanted to promote the worst in human nature.
Yeah, all we get is the dreaded Netflix originals aka braindead plot United Nations cast (the diverse cast is supposed to lull us from realizing that we're watching mumbo-jumbo)
During the pandemic, I paid for several streaming services (Netflix, Crunchyroll, HBO Max...)
With the return to work, there is no time to watch everything and with the high price, it does not justify keeping them...
Currently, I rotate between them, keeping only one subscribed at a time. When I finish watching the content I want, I cancel it and I go to another service, so I'm paying a maximum of 1 at a time (in addition to Prime, which I keep due to Amazon's free deliveries).
It could be interresting to Share familly subscriptions, each member paying for one service for every one.
This is exactly what I do. Prime is always there because of free shipping, but any other streaming service gets rotated. Keeping multiple going at the same time is way too 3xpensive. Especially when they release maybe one or two things a year I'd actually want to watch.
So basically people are treating and paying for the individual services the way Netflix originally intended to work, one subscription for everything.
But with extra steps
You’re just now returning to work? Tf? You must work at a pretty sjw mentally ill leftist company and your job must be pretty unimportant.
to address losing content, they could have gobbled up crunchyroll for peanuts and maybe a movie studio or 2 when the stock went ludacris.
its so easy to blame piracy but since the beginning of online piracy has always been there and when netflix was in the top piracy was still going! obviously bad corporate decisions brought them to fall! downgrading quality content, cancel show series, limited account restrictions is just a fre to mention that there is no one to blame but netflix itself! they got greedy and couldn’t handle competition enough to bring up the heat and level up!
For me it was the fact that when I went onto Netflix I literally couldn't find anything that I wanted to watch. I had been bitten too many times by their terrible cheap boring sci-fi films that I just didn't consider watching them any more, likewise with pretty much every other genre, it felt like a scam. Even when a new series was good, they'd deliberately not put as much effort into the 2nd season because they knew people would watch regardless (The Witcher). Then they kept trying to suggest all the new awful reality shows they were pumping out. Most of the original content (like 95%) was garbage, they needed to focus more on creativity rather than trying to come up with a formula that pleases their own algorithm.
Exactly like why can’t I see “Legends” by Tim Brady without using an VPN?? Pathetic
And those shitty animated shows that all use the same artstyle.
Doesn't matter if it's Hulu, Netflix, HBO, Showtime or Amazon, we all find the few great shows and then get bored with the platform.
That's happening to me now. My dad wanted to pay for it for the family, but now I can't convince him to cancel because that's the only app our TV let us watch (and TH-cam). My brother brought us a Chromecast for the biggest TV (it's kind of old) and I will pay for the best streaming platform that I can find, maybe that way I will convince him.
as a fan of The Witcher series who played the games and read the books, they just went too far in term of accuracy from the books which inspired the game and inclusion of diversity in the show doesn't help either because it's a polish franchise and has polish folklores, so it didn't make sense to have diversity of race in it. Simply said, Netflix tries so hard to push the woke culture
From 6 Euro/month to 22 Euro/month within 10 years is almost a 400% increase. My salary did not increase by 400% within the last 10 years. The Netflix library has not increased by 400% (it actually decreased since Disney took everything away that is under their Umbrella). I pay more year after year and receive less. For the first time I have actually considered cancelling my subscription when I saw I am now being charged 21.99 Euro/month
I already switched price tiers from the highest to the second highest bc it def wasn't worth as much and honestly I don't believe all 4 accounts were ever used at the same time anyways. The only downside is no 4k, which is annoying but also not that bad since there isn't much interesting stuff on netflix anymore anyways. Sooo, if they dare to increase prices again they can kiss my ass. If I really want to watch something I'll maybe activate it again for 4 weeks, but that's it.
I got tired of Netflix after they constantly cancelled every show I followed. I read that it was because of contracts making anything past season 3 very expensive but thats a problem they should have fixed yesterday if they knew that. Anyone that doesn't look into the financial reasons their show got cancelled after investing time into a show is going to assume the worst and they have.
Justice for Marco Polo
Same here.
They cancel shows thats way they have money to produce brand new shows. They realized a hyped up show like tiger King will sell a lot of new subscriptions while sequels dont sell anything. The irony is that them canceling shows is canceling more subscriptions than new shows are selling though.
Netflix was awesome when it first started. It's actually pretty sad to see it's downfall. I appreciate everything they've brought to streaming services. Unfortunately, it's really is hard to find the gems now in days. Squid Games and Arcane were the only Netflix shows I've watched in at least two years, and that's only because people kept talking about it.
To be fair it's not really their fault - the content owners decided there was more money to be made by milking their cash cow fans and releasing their own services
Great video as always, but you forgot one HUGE point, relating to their business model itself. It's not like Netflix no longer produces good content, they occasionally do. Key word occasionally. For every good show, there's an absurd amount of junk produced as well. Instead of striving for great content, execs and production just strive for content in all shapes and form. They're the Nick Cage of the streaming world, they'll greenlight anything no matter the quality just so their platform can be filled with stuff. This results in hundreds of millions being spent on the production/distribution rights and marketing of junk shows and movies that nobody cares to watch or get critically panned. It's not like other streaming services don't do this, but Netflix does it FAR too much and the company has no alternative sources of revenue, contrary to say Disney and NBCU, which have, for example, their theme parks. Netflix needs to stop acting like a tech company and start acting like a movie studio.
Yes, the quality varies wildly - some is so bad a cringe is not metaphorical - you catch yourself in the act. Series can also have GOT disease - an infection that kills a 3rd or 4th season, etc, ......
for the most part agreed, but you also are thinking from a critical perspective - how many of your friends / colleagues see a movie and say it was great, best movie ever! etc but in reality it had a terrible story, too vague, bad script etc..but people just watch something and think it's great. Also, netflix learnt very early on that they didn't want to not own things being streamed on their platform. This point makes me wonder how much their catalogue is worth.
I don't think they have the option to be picky. Basically all popular video media (movies and series) are owned by major companies, and most of them are moving to their own streaming service. They see the writing on the wall that in a certain number of years or decades they will have no more content. So they are scrambling to get enough content to be able to justify a service, whether good or bad.
Definitely this. I never agreed with valuing Netflix like a tech company and not an entertainment company, it's like calling Allegiant a travel agency and not an airline. Netflix is so overdependent on fixed subscriber prices regardless of how much they spend on content, and only a limited amount of those shows can make more money on licensing or merchandising. Basically enough to subsidize a fraction of what they cancelled. They're also forgoing another revenue stream without ads. How this company was ever valued more than Disney just defies logic. Investors expected endless growth but Netflix doesn't have much runway left, if at all.
@@wingedarr0w yeah exactly that’s part of the problem as to why they feel the need to go HAM with content rather than produce high quality good content. They just don’t have alternative sources of revenue as well, partially due to another factor: they do a terrible job merchandising their shows and movies. Their biggest shows and their kids shows don’t get nearly enough merchandising attention, and that’s where the company can find alternative sources of revenue as well
All the streaming services have the same issues. After, three to four months you run out of things to watch. Then cancel one and move to another, after a year you may have had 4 to 5 streaming services. They will have to come together and create a Spotify model where each stream service gets revenue based on content being streamed. Only time will tell.
I think you are right. I'm in the UK and pissed that I can't watch Star Trek Discovery. Netflix made the series a success and their reward was a massive middle finger from CBS. I think that studios and rights holders should adopt the Fair, Reasonable and Non-Discriminatory (FRAND) licensing model. Basically, if, for example, Disney make a new movie or series, they HAVE to make it available for others to license at a fair and reasonable price. Maybe not straight away, let the creators get first showings, but soon enough.
How can I run out of a content, if I keep being shown 15 things, with tabs so big that a sealion could easily control it, and to get out of these loops to some reasonable list and filters is impossible.
You neeed a streaming standard platform. One subscription, various upgrades, all movies and TV series. It's ridiculous nowadays, that you have to subscribe a dozen streaming services to get what you want.
Hmmm
Intersting take
@@richardkbreuer That's what cable TV was in the 1980s and 90s, before HBO and Netflix.
I think you nailed it with: “why would consumers pay more for content that is slowly dipping in quality, with shows that run the risk of being cancelled.” I think that, in combination with a rise in the price of living, is what Is driving customers away
They canceled Bojaaaaaaaaack. The creators had more planned. I'll never forgive that, especially given how relatively cheap animation is to produce when compared to live action.
What's funny is the LaTimes did a interview with me, and that was my reason for cancelling, the low quality shows and popular ones being cancelled.
They cancelled Marco Polo when it was just getting started. I was sad.
I resent the LGBTQ++++ getting forced into every category. The WOKE content made Netflix unwatchable. You cannot pay me enough to watch Netflix's terrible content now.
@@davidparker9676 im glad it offends you, because its gunna keep happening and when your dead? still keep happening.
in fact i hope in the future being straight becomes either illegal or the unusual... i pray for times like these. Same with whites becoming the minority like projected. Its about damn time we stop giving them any attention.
Netflix's biggest issue actually has nothing to do with them specifically but with the market as a whole. When they were the only streaming service available they had an immense value proposition. Now with dozens of different streaming services, each with its own unique content, all streaming services, are have a significantly lower value proposition. Whenever people discuss the business of entertainment they keep forgetting the biggest hidden competitor: piracy. When the market has a convenient legal alternative that provides good value most people will flock towards it rather than sail the high seas. That's how Netflix rose to its dominant position. However whenever the market options become less convenient(say adding ads), and/or no longer offer good value(less content and more expensive) than many people will ditch them in favor of sailing the high seas. The music industry learned this lesson long ago, with Spotify remaining the king of legal music and now TH-cam music starting to rival it. Hollywood needs to learn the same lesson. Competition isn't always a good thing, especially when the competitors resort to exclusive content to beat their competition. Since piracy clearly isn't the solution, what the streaming market needs is consolidation. There's absolutely no reason for small streaming services like Peacock, HBO-Max and their like to exist. All these smaller streaming services should be merged into the 2-3 top dogs and preferably either shy away from their own production studios altogether or share some of their exclusive content with their rivals, even on a limited time basis. Streaming needs to be affordable again for the amount of content we're getting. That's the only way for the industry as a whole to regain the upper hand from the pirates.
What Netflix does have control over is price though, and for some reason they keep raising it.
dude, let that text breathe a little.
Consolidating power is good for large corporations but not good for the common man. Competition is bad for powerful corporations but good for innovation and the common man. The biggest problem with America is that lots of businesses are consolidated by large corporation ,therefore a new enterpreneur doesn't get get a fair chance.
Next time, if you're going to post something this long, chop into 3 or 4 paragraphs. Your "comment" is an eyesore.
Exactly, in the words of Gabe Newell "Piracy is a solution to a service (convenience) problem."
I think it's partly the spread of licensing. If Spotify had 10 big competitors and all music licenses were spread out over all services, with huge gaps of content on all of them, people would just start downloading the files and go back to using mp3 players (or using their smart phone as one).
I think this is what's happening to video. Torrenting is seeing a golden age of content currently, with all these behemoths pumping out fresh content for market share. Meanwhile you can just pay a THIRD of the price of ONE subscription on a VPN, to gain basically risk-free access to ALL of the content.
you do not get access to all content just by pirating, you still have to sift through a billion sites, really cant compare that to like going on netflix... what
This exactly, the big issue I see with the modern streaming concept is it's hard focus on monopolizing content and due to that and knock on effects on that (increasing price and increasingly worse consumer experience). Meanwhile music streaming doesn't really see any piracy issues anymore, mainly because audio streaming services don't monopolize content but rather compete on quality of service.
Just imagine a world where all big music labels like Sony, Virgin, Universal, Warner, etc. had their own streaming service and those being the only place you get their content as well as monopolizing every album that get on one of their platforms. Nobody would be streaming music.
@@germgoatz2014 bro you have no idea about pirating I guess.
There are sites that are called trackers and you pay approx 5-6 usd per month and have access to over Petabytes of collection, so yes it probably has everything.
You literally no more need to go searching, you get everything in one place, it's just that in the beginning, it is hard as payments are through crypto or other anonymous methods and even registering an account requires strict verification or referal from already joined members.
you also can't join whenever you want, they open registrations for a short period of time and people are informed about it only by referal and other means, but if you know what you looking for, you can easily get in.
I t
@@MarcSpctr I can download 95% of the things I search for, without viruses, 100% free. Takes just a few minutes and it's playable on my computer. Another few minutes to put it on a hard drive and plug it into the big screen. I could download every 4k movie that came out in 2021 in an afternoon while I run errands.
Main reason netflix failed in india was bcz of its inability to identify and pick up india specific shows whereas on other hand its main competitors amazon prime and disney are experiencing huge growth in india as they were better able to understand indian audience.
Most of the world dont give a damm thing about WOKE waste. That is a reason...
Also Disney plus and prime are yearly and Just much cheaper,200 rs per month per single person makes sense but they make a mobile only version in that price , that's shit,even in that i can't watch on tv or my laptop that i want of course i share a account
Blatant Hinduphobia was also a big factor.
@@hariniprasanna6211 The Woke factor that Musk was talking about?
@@DaChonkIsHere
Woke Factor destroyed whole of Bollywood too. Even Highest Grossing movies in India from past couple of years are of regional languages.
Imo Netflix started dying when they chose to ditch their (great) algorithm to recommend stuff based on your viewing experience and ratings (5 years ago I think). Suddenly all my recommendations were 90% shitty shows (mostly being Netflix originals of course), and getting worse every year. They VERY intentionally chose to pick inflating their view numbers over the viewing experience of their costumers. After that they clearly picked quantity of quality. So like you said, the quality just kept getting worse while the price kept rising. It's ironic that the only reason I was still subscribing is because I was sharing my account. I didn't want to let down a friend, so I just kept it. And now they want to crack down on that too, stupidly thinking they'll gain subs. They won't, they'll just lose even more. I'm done with just giving away my money to a company that doesn't give a shit about providing a decent product. I'll hop between different services and sail the high seas again.
Agree. I also am frustrated by the user interface. I wish it was a bit more like youtube where the watch history was more detailed and searchable and that you could create playlists and click the dont recommend /already watched button. Am sick of seeing shows in my list ive seen or will never watch.
It would be good also to have a notify button in the lists for new episodes of series on your playlists.
I am one of the most affected from this. Currently, my portfolio is down by approximately 35% and there's no hope in sight. At this point, I am just praying to somehow scale up my returns, draw even and sell off. Any tip or info on how to go about this will be highly appreciated as I am losing my mind.
People must understand that the market is not a child's game. It a zero sum game and you could potentially lose all. For starters, always make correct inquiries before putting your money somewhere or better still, get the services of a pro (that way, you give little room for error). Made my first million earlier this year this way after years of learning the hard way. Good luck!
@@patsyryan9316 Pragmatic... I have been into this for sometime and though I won't say I have lost a fortune, I have squandered quite a lot... How can I get in touch with one? If it's not a problem, do you mind recommending the pro. you worked with? I could definitely use the help of one right now... I anticipate your response..
watch TH-cam videos. take online courses, you will be alright
@@Mrcarlson_E Funny enough, I can honestly relate. I don't know if I am permitted to drop it here, but her name is "Nancy Lynn Lewis". Was in the news a lot in 2018. You may check her out online for more.
@@patsyryan9316 She's got a pretty decent bio and seems American. Does she work with foreigners?
What happened is that instead of paying 10$ a month for all types of our favorite movies and series now every stupid media company has decided that instead of renting the rights of their content to Netflix they will just open their own small streaming services… splitting the product you love to many services costing 15$ each…
It's like all the RR companies cutting each other's throats...
_Meanwhile, the automobile comes around..._
and then you have disney being an idiot opening two different streaming services when they own fox in its entirety, and excluding content from it's vastly more popular service because it doesn't fit their brand image. Fucking garbage company.
Its just cable TV all over again
I read an article about Netlfix and their penchant for cancelling new shows. Apparently they just make WAY more money on shows that last 1-2 seasons than on longer-running programs. The production costs are low, the actors and crew are less expensive, and they make a killing on ads and merchandise because of all the hype. After a show is on for a while the actors and crew expect more money and production costs tend to increase, so Netlfix pulls the plug. They’d rather take away something people like than pay more to keep it going. “Stranger Things” would be an exception: by far one of their most expensive shows, it just happened to premiere at a time when “one-and-done” shows weren’t really a thing so it basically got grandfathered in
If someone stands to make a profit off of something they will and they’ll ruin it in the process. TV, music, sports- you name it and money has messed it up
Netflix always had the issue of being a small fish in a big pond. In some ways I had a soft spot for them as they were the little guy standing up to the big playground bullies and they dominanted for quite a while. It was great to see.
But the moment Amazon and Disney entered the market, you knew it would be game over for Netflix eventually. These companies have huge financial backing behind them. They don't just rely on making money through their streaming services. Amazon's main source of income is through its online shopping services while Disney, well, take your pick. A global behemoth of an organisation. So even if their streaming service does lose them money, they can withstand it without any difficulty. This is not the case with Netflix as their only source of income IS their streaming service. This is not sustainable when you consider how much more money they were ploughing in each year for creating new content just to stay competitive (the numbers were getting ridiculous); the fact that subscribers could cancel anytime they wanted to (which always left them exposed to a drop in income or company value overnight) and their ridiculous deficit they've always been operating at. Add to that some of their greedy business decisions such as price rises at a time when the cost of everything is rising anyway and you have an extremely flawed business model. So now it only seems to be a matter of time.
I do still see a future for Netflix though but not as a streaming service. My prediction is that they will go under and then become a cable channel and show repeats of all their previous content. Alternatively, maybe outsource their previously made content to other cable channels (or dare I say it, other streaming services).
Amazon main stream of income is not ist online Shopping Service
Ist aws their cloud service
nah go woke go broke
Running a studio is not cheap. Maybe that is what failed them so. And also, creating new contents, should.. Well they should look at YT, or even for other countries, and their back logs as well.. and make sure that they have a decent "right" to lock them to them only for a set period of time. And yes, diversify then... Or consider merging with other companies etc. i.e. Uber, or delivery companies to include food AND movies together as a deal.
Netflix was incredible content-wise before HBO, Disney etc. understandably pulled all their best content from the platform.
Really was the best streaming catalog ever, and probably will be the best of all time as I don't see the streaming marketplace ever getting as small as it was in 2014-15 again.
Netflix didn't pull all their best, Disney made them do that, since all the movies are owned by Disney.
@@niweshlekhak9646 yes, that's what i said!
It was the big streaming platform and it could pay for Disney's IP's or to have the show Friends. Netflix will probably be the Apple II or the commodore 64 o this era, a golden standard but one that didn't last for that long
Netflix made two major mistakes. One, investing and catering too much to the minority of subscribers. Two, charging more money and continuing to provide less and less to it's users.
Lately from last 1 year, I noticed almost all new series is based on women leads or people of color Wth..am I the only one who felt that way?!
No issue with women lead characters or minority oriented shows - but then if it's 90%. Then it's indeed an issue.
I don't remember when was the last series I liked - I still have the subscription though - Just not interesting as much as it used to be.
Every month they push another group’s content. Why can’t they just see what I like and recommend similar content. Put other content into “feeling lucky” and let the subscriber decide.
I use Just Watch to curate my shoes and recommendations.
@@rajesharihant The funny part is when those women of color (LGBTQ+ as a bonus) are on stage accepting some stupid award at some stupid award show.... they will give the usual self-congratulating spiel about how heroic they are for breaking some non-existent glass ceiling, while everybody is forced to pretend they are vastly underrepresented in mass media and clap enthusiastically!! It's all so tiring and disingenuous. The only group that has a right to complain about representation are Asians... and yet they hardly ever complain about anything.
@@rajesharihant check out Ozarks
Even minorities don't want to see minorities on tv
I think you left out an important detail in the Netflix/Blockbuster situation. Blockbuster didn't "laugh them out of the room". Blockbuster said no because they already had a DVD Rental service in the works. At the time of the Netflix meeting, Blockbuster had just scored their funding from a well respected company. One that was definitely going to be around for a while. You've heard of them, too. It was Enron that was going to partner with Blockbuster to develop Netflix's competition. And, well, we all know what happened with that.
Damn. They were so unlucky.
Damn lmaoo
When you start living in lack and draw attention to yourself you will end up attracting that to yourself.
If a customer plays for 4 accounts it shouldn't matter where the accounts are accessed as your paying for the ability to access them.
What they should of been doing is lowering the price to lighten the load of the cost of living for families who need cheaper subscriptions and got companies to advertise so that they can still see protential growth for 21/22.
When your not customer focused and you take your eye of the ball for a second you will find yourself in shark invested waters.
Also when you don't own the content that is being consumed it can become a liability really quickly.
What they should be doing is building their own studio so they own the content they are producing and this would of allowed them to sell it to other digital platforms over time and if they kept on doing this they would have eventually been in the green.
Reason why you want to have you own studio is because it allows you to sent terms of agreement and pay of production.
When you buy content and is extremely popular you can pay to heavily for it and they can pull the plug anytime on you.
And it can involve heavy law suits.
We are 100% in a bubble, there are more choices now for streaming that if you wanted to watch everything it's more expensive than having a cable package. Its not worth it
This right here. Not to mention how sneaky some of it is (try for a week free 9.99/month after). I’ve fallen for that too many times
Anti consumer bullshit always leads to demise. I think there will be a crash like the gaming crash. Not as big of a drop off, but a significant one non the less. I think the frustration people have with all the money they have to spend on these services (especially with the economy rn), the sorry state of the content, and the rising prices will end up blowing up at some point. I’m not in the best financial position rn, so piracy is becoming an increasingly viable option for me.
What they need is what the music industry has, have several services offering the same content, so the platform can just relay on the features they offer over the competition. Don’t spread people to thin
There is stuff like xbox live, one of my favourite ones. Ubisoft and some others are implementing pretty much the same thing, which honestly works for me because far cry 6 had barely enough content to justify 15€, not even considering 60 :) I prefer this model as I usually play games for only several months a year but when I do I'm pretty committed :D
Why do you torrent? There are many streaming sites where you can just watch whatever you want. Torrenting not only takes long, as a peer to peer service if they catch you you are considered to be an uploader of illegal content which is punished much harsher.
ARRRRRRrrrr
It's not the subscription cost. Or even the threat of adverts. It's the content.
Go woke, go broke
Says literally everyone
Yeah and the canceling of good shows after 1 or 2 seasons.
stay woke get broke
And the fact they keep paying lots of money for popular IP rights only to then make a garbage show that in no way resembles what made that IP popular. It's like they're actively trying to fail as a business.
"Cuties" made me aware of ......how truly evil Netflix is, let it burn.
To quote Gabe Newell : "Piracy is almost always a service problem and not a pricing problem."
What a surprise, the best streaming service is Plex with torrents. Only way to get all the shows in one place.
After Netflix dies, old guard HBO, Disney, etc. will control video entertainment again. What's old will be new again.
@@sepg5084 This. Copyright owners always have the last laugh.
So true and you get content +subs/translations
vpn + torrenting is the way
Nop. The good one is pira te bay
I think the comparison to the video game crash in the eighties is a very interesting one. There are sure quite some similarities!
For one that alot of really bad content flooded the market and it was really hard to determine what was a cash grab and what was quality. Thats why Nintendo made that quality seal in the early 90s
@@Arendvdvenk And made all the NES cartridges themselves and included a security chip (called the Rabbit Chip) in the NES that communicated with a chip in the cart and if the chip wasn't present the game wouldn't run.
Gabe Newel from Valve once famously said "Piracy is a service problem" and he is 100% correct... we "cut the cable" to reduce costs but with the content we want to watch is spread over soo many platforms each with their own subscription fee its got to the point where Streaming is WORSE value than cable was...
it also hurts consumers when you start getting into a show that then suddenly moves to a different platform for any following seasons, a prime example is "Lucifer" the first 2 seasons are on Amazon Prime Video the last 3 seasons are on Netflix.., its practices like this that lead me and millions of others back to piracy
the bigger the barrier to entry the more likely people will look for the back door
I stopped using steam and almost all game platforms because of that, so many for every game. at least in xbox we have all in just one store, but the prices are bad. Is using the series X/PS5 or going pirate with the pc. is crazy having like 6 different launchers installed in my pc only for playing games. Also, steam have lost a lot of quality in the platform and users rights, that 2 hours refund policy is a scam.
Obviously who would pay all these platforms when u can download 4K content for free 😂
@@GauravSharma-dy8xv SEED!! SEED LIKE THERE'S NO TOMORROW!!
@@GauravSharma-dy8xv You're promoting theft buddy. Be an honest citizen for once
@@marilynlucas5128 i own premium membership of Disney+Hotstar myself. But there's only limited things u can do with finite money.
Sweet, so now instead of paying a high price for cable, we pay a dozen low- to mid prices for streaming... And somehow we feel as though we're beating the system
Noticing that Netflix was losing movies that I found enjoyable was one of the things that pushed me to say “Physical media is King.”
The crypto and stocks is bleeding, the market can be very volatile.
The market of stocks volatility is outrageous, as the company always want infinite growth which is impossible.
Despite all the criticism towards Netflix, I can't see all the competition. Netflix stocks is being retarded.
That is why I find it hard investing in stocks, Netflix poor performance started since they went PC, they ignored the demands of worldwide viewers.
I Liquated all my stocks to invest in cryptocurrency, as I found it to be more profitable even in this fragile market.
Anyone at Netflix who supported "Cuties" deserves to lose their jobs
Dark memories
Rather, don't give any money to netflix.
Get woke, go broke
Exactly
I'm guessing you haven't actually seen the movie, have you? Just spouting whatever Tucker told you to think.
I got pissed when they moved all the star treks off Netflix. Seriously I was watching that stuff!
Other big streaming services rising up only hurts them too. People are not going to all leave netflix to get the content they want.
The move of all the big companies to setup their own streaming services has brought back piracy.
Strange, I still have them. Maybe try using a VPN?
@@Rolando_Cueva Nope, I looked up the article, it's global licensing with paramount+. The first to go was ST Discovery. Others are following. If you can watch ST Discovery, please tell me the country to VPN to.
its like whoever is in charge of netflix does not even have the most basic understanding of its consumers. They crack down on password sharing(they were losing profits, so maybe this by itself could have been acceptable, but overall i think it just served to annoy people), they keep raising their prices for a worse and worse product, and they have begun to release their seasons over time instead of all at once. one of the major parts of the netflix model is being able to binge a series, and by removing that they come off as greedy and extremely out of touch. they quite honestly deserve to be sued.
I cancelled my subscription back in '17 I believe. No matter what I did I couldn't get any show to stream in 4k unless I pirated it. Now, it seems like everybody wants their own streaming service, which completely defeats the purpose of having something like netflix where you could just get everything.
Netflix made me stop being a pirate.
Now I'm a pirate again.
Cutties made me cancel my subscription. 😂😂
The Netflix business model was always flawed. When I worked there a decade ago, I urged them to think of themselves more like a cinema chain: be a distribution *service* for the Hollywood studios, hosting all their content and paying them a percentage based truthfully on how much of their content was being watched. Instead, management decided it was going to try to produce more content than the rest of Hollywood combined, and to finance it at a deficit on the assumption that eventually a time would come when everyone was 'locked in' to our service and then we could finally make a profit by raising prices and cutting back in content. Which is basically how the cable channels operated in the 1980s and 90s. Thing is, it is a lot easier for consumers to cancel an online streaming service and switch to another, so the bait-and-switch model of cable television doesn't work.
Well, they actually do both from before your time, so maybe you didn't understand their business. They do want to produce their own originals to not be beholden to outside studios only. They do however act as distributors for content. For example, what would happen if HBO/Disney made their own streaming platforms? Would they take it off of your platform? Management had the foresight to know the answer, as did anyone with 90 IQ. Netflix is a high growth, tech company thats how they ALL operate. Deficits are only bad if you have no idea what you're doing and don't have a plan to grow in order to pay it back. The company was posting new ATHs with their deficit so obviously, it was not an issue. All that matters was continuing to grow market share until other prominent services started competing for market share and took their content with them.
Yup... Now because of their idiocy, streaming service is a turn-off for me...
Them paying millions upon millions of dollars to poach mediocre C to A list “talent” is another problem! I’m sure that cuts into the already dismal business model they have/had.
But... They created some very beautiful art...
Plus most of their original content is so woke they gonna go broke!
One of reasons why Netflix is failing is their really strange restrictions to quality consumer get. For example if you use Firefox browser only thing you get is 720p. To get better quality you have to use other browsers and 4K have INSANE list of demands to software and hardware.
In my country on local VOD services we have 1080 without any special requirements, even with Firefox on Linux.
Another thing is that you get only 720p on "basic" plan, this is also strange and nobody doing that here(all plans have HD access), except Google Play maybe, they too ask less for SD then HD
That's not why they're seeing headwinds. No-one is saying "Oh I'd get a Netflix account but it's 720p on FF".
@@whatwelearned OFC its isnt, just like pulling from Russia had no real impact at all (seriously, Netflix was absolutely minor player on this market and sales in Russia was minor to Netflix too).
BUT its this strange attitude to customers which is unacceptable on competitive market is one of reasons for failure.
@@whatwelearned BTW, according to Netflix Google Chrome is also will get only 720p if its not ChromeOS, so its quite a lot of customers stuck at 720p. Maybe FF is negligible, but Chrome is not.
@@Vednier Did you mean just Chrome or or all Chromium browsers?
It works fine for me on Firefox.
Love your channel bro the music the narration voice it reminds me the days of Nokia's peak in smartphones when technology and and entertainment was a rare thing to get handy... And love those days of Nokia 7210 supernova and 5130 express music....
Really impressed how good their logo has looked over the past 25 years
I had no idea they were around before the dvd shipping times. That clip of streaming a show on windows 95 / 98 surprised me... Granted some people had fast cable internet, but the vast majority were still on 33.6 and 56k dialup then, and streaming was impossible in a watchable quality larger than a postage stamp.
Increasingly woke shows may be putting people off selecting Netflix. You also have the 'Cutties' situation.
For me, when The Office left Netflix for Peacock and a lot of other content also left Netflix for its respective owners’ own streaming services, I realized there was relatively little remaining on Netflix that I still wanted to watch and finding it was much more difficult. I can’t see ever resubscribing to Netflix unless it’s able to substantially improve the quality of its original content. When I last looked, the company was clearly valuing quantity over quality.
I think that's the massive issue, really. Netflix completely failed to cultivate their own long-term stable of IPs, or at least a culture where we can expect them to regularly put out new quality content, which was going to be critical to the company thriving after mega-corps like Disney inevitably take their ball and go home.
Netflix's OC has, at least since ~2015, been incredibly sporadic and unpredictable; often heavily relying on one-off phenomenons like Tiger King or Queen's Gambit. Without the broader catalog, it simply isn't worth the regular subscription anymore. And their ridiculous price increases compared to the competition has only served to remind consumers of that.
i can watch the office in netflix bulgaria (it was even in top 10 in bulgaria 1-2 weeks ago)
Yeah
@@mm-tr8ly same in Sweden, I watched the best episode (the dinner party) last night. I think these guys are prolly talking about american netflix. They should get a VPN 🙃
Very much so. They put out tons of crap.
They changed their user interface about a decade ago. I complained to them that it was not conducive to finding shows I wanted to watch. I was dismissed and told they were making an interface for all platforms - easier to maintain I guess. Also they offered wide ranging content, including classic movies, etc. Now, not so much.
It's not just to many streaming services, it's the whole concept of subscriptions to anything from software to razors. For some time just about anything remotely possible has been turned into a subscription model, but the reality is that many people can't constantly afford multiple subscriptions a month. Peoples needs and interests constantly change, so it's hard to keep them subscribed for a long period of time.
My favorite is an airbag vest for motorcyclists, which had a monthly subscription plan.
I just canceled 8 services from razors, streaming, memberships, etc. All of these things add up in thousands of dollars at the end of the year.
I blame marketing guys for this. Making anything and everything into a subscription model.
Yeah I've grown to detest the subscription model. It's too easy to rack up 5 subscriptions in a day just from shopping around. There are already a few companies who's whole business is tracking subscriptions. I would like to see banking create this feature and honestly surprised they haven't already.
@@jeronimo196 I remember seeing an article in a UK motorcycle magazine for the airbag vest for motorcyclists, back in the early 2000s. The author mentioned how drunk blokes in pubs would pull the cords on the vests. I could see many problems with the cord being pulled simply by accident, a curious toddler, dog, curious coat check employee, etc. These vests were quite expensive so a subscription plan would make sense.
I would say the rise and fall off online streaming plattforms with their current model. The model off exlusive content is deeply flawed and as their are more services out there the each with their exclusive content people cant afford to have netflix, hulu, amazon, hbo, via play, disney and.... Soo I think we are going to see a resurgence of "torrent" if they don't their s**t togheter with a model like the music industry with Spotify as an example, almost all music on all service plattforms competing with service and not content.
Yeah, they should cross-share content and each take a bigger or lesser cut depending on what they invested in that content
@@markcarey67 The investment is irrelevant. It's the value. If people don't watch your shit you shouldn't get any money.
Even beyond the costs, it stress me to check all platforms for not feeling like missing anything. netflix was cool when everything was there. now torrent lol
I use a combination of spotify for the more generic things and soundcloud for more unconventional music, it would be nice if Spotify would allow for a larger variety of remixes as some genres cannot exist on Spotify at all
@@majestcb try youtube music, it's library or unconventional music is way bigger, at least with music like japanese music from games or anime.
I started buying DVD's of the movies I rewatch and ones I felt were hard to come by about 5 years ago, in preparation for these moments. I knew that licensing issues would create problems for particular movies and that studios would just make everything exclusive. The problem is a lot of classic 70's and 80's movies actually get lost in the shuffle and become really hard to stream (well here in Australia it is.) Also at any point, they can just remove them. I don't want to be paying 10 subscriptions and have 10 apps bloating my phone up for movies that may just disappear. Corporations want you to believe that physical media is dead because they lost control of it. Don't accept that horse shit!
Such a good point on those other films getting lost, no single streaming service can reasonably supply a wide range of content anymore
Wise move. Any film I want to see again, I have. No third party can play a shell game with me.
What's "DVD"?
I'm going to get a home media server at some point and set up Plex for this.
Yup - me too. Way too many streaming services and no guarantee that your movie will be available. It's silly. Plex(if they fix their issues on Nvidia) is the way.
I kinda agree with Elon Musk's tweet. I started to stop watching Netflix when most of its documentary and tv shows are "edgy". Many shows basically talk about conspiracies. Unfortunately while it looks like an in depth journalism from the outside, many are under researched and contain few credible sources.
Netflix should really focus on producing actual quality content, otherwise they will slide into obscurity.
I been saying this for awhile. When Netflix first started it was great because they had DVDS. They never had a large online content but I did enjoy the option. Now everyone is asking for their content back to start their own stream subcription service. We are going back to regular TV with the amount of services we need to catch all our favorite shows
The one thing has been true in media since day one. Content is king. Before big studios pulled their content, Netflix was the one stop shop to get everything. But as soon as Disney pulled the plug on Netflix, I knew it was all over. Netflix does not have the production budget (yet alone experience) of the major Hollywood studios.
Which maybe is the solution a studio probably would take over netflix and consolidation with many other service.
content is king budget is not. You can make a 2 billion dollars crap of a movie or you can make amazing movies with 5 million dollars
Thanks!
I read somewhere that Netflix was spending more money on creating new content than all other studios combined.
They saw the withdrawal of big studios and were obviously hoping for them to stick with Netflix, but honestly it's not surprising that they went solo.
From the ashes of Netflix will come either a merger of Netflix with other streaming platforms (Netflix-Paramount-Hulu) or the gradual acquisition of them by Disney.
Not only have they spent more, but they also said just over a year ago they had finally stopped taking outside capital to fund their products.
Once they said that publicly, I shorted the company expecting this fall to happen. Disney +, HBO Max, and Apple TV + will dominate the streaming world.
Mickey Mouse doesn't play. He's coming for ya neck
Disney isn't exactly doing so well either, if anything, China will consume Netflix just like they pretty much own Disney.
A few years ago, Netflix market cap surpassed Disney’s. I remember my father being absolutely astonished. To him, it didn’t make sense that a company with essentially no intellectual property (other than tech) was more valuable than a legacy brand like Disney which has countless characters, franchises, television networks, theme parks and real estate, simply on the basis of a streaming platform. How right he was
Smart man. He spotted a bubble intuitively
@@bradleyzum That seems to be how these usually go. An uninvolved 'bystander', standing far away can see the bigger picture most easily.
Dad being a boomer helped 😅
RIP to ur dad, he knew the Netflix bubble before it popped
@@ravinyu3566 Huh? Why RIP? Found a bubble, that's good insight
Let's see what kind of dumbfuckery Netflix did recently:
1. Cancelling amazing, critically acclaimed, and beloved shows.
2. Greenlighting shit and terrible content no one asked for.
3. Cancelling many animation projects (because apparently the Boss Baby is the kind of animation they think "matters the most in terms of numbers")
4. Raising prices to an outrageously high amount, considering the competition.
5. Planning to add ads.
6. Launching live streaming for some odd reason.
7. Shows and movies got removed because of licensing problems.
8. Releasing Cuties.
I mean Jesus Christ that's a lot of mishaps in the span of short time. It's like there's a Blockbuster ex-employee who went up to Netflix's executive and initiate their revenge there. It's hilarious.
Ugh. I'd missed the news about the animation layoffs. I'm still mad they canceled BoJack. The show got a final season, but the creators have confirmed that it was canceled and they had more seasons in mind.
1. That happens with every network for various reasons.
2. That is so annoyingly vague.
3. Due to a management shake up. Projects get cancelled all the time, this isn't anything new.
4. Is it outrageous compared to the competition, because....no....it isn't. Again, you're just saying words here without backing it up.
5. Planning being the key word there. And it's not even that, it was in consideration.
6. LIve streaming? News to me.
7. Again, not specific to Netflix; blame the distributors.
8. Cuties wasn't made by Netflix.
@@Dribbleondo You're a friggin dipsh** that works for Netflix, no wonder it's going downhill fast.
@@Dribbleondo Lol what are you fucking doing here? Simping for a company?
1. "iT hApPeNs At OtHeR cOmPaNiEs" What's your fucking point? If it sucks it sucks, we don't give companies a break with our money because "other companies" do this, which also pisses people off at those companies and causes them to abandon them.
2. "So annoyingly vague", no people understand what this person is saying. You act like he's making some personal accusations against you rather than bringing up shared experiences many of the people watching this video can relate to.
3. Again, what's your point? What's with this weird excuse making for shit that sucks? The point of providing a service is to provide the service. If the customers feel as though you aren't providing said service, they will vote with their wallet.
4. "Without backing it up" Was this a personal essay to convince you of something?
5. "Planning is the key word here" What's your fucking point? Planning to do something stupid is doing something stupid in and of itself.
6. Irrelevant
7. Not dumbfuckery on netflix's part, agreed. But it's not helping them.
8. Fucking irrelevant. Netflix decided to air cuties, idiot.
@@Dribbleondo netflix let cuties be on its platform.
I stopped using Netflix when I stopped being able to search for the content I want instead of them dictating to me. In the early days of Netflix you had access to their entire database of titles (Like Blockbuster in your mailbox) - but now you are massively limited by what they want to 'push' to your device, the same show might pop up in 10 different places when browsing, and you have no control to stop or influence it.
Even using the search function only gives skewed results now. Freedom of choice was the #1 reason I tried streaming!! Once I lost control to algorithms and profits - I was OUT!!
I feel like the first tell tale sign of Netflix's decline was when they removed the rating system and changed it into the thumbs up/down thing they have going on now. Wasnt a big one per se, but I remember that making the platform a lot more annoying to use.
Ah yes, but they had to remove it, so they can prove to us Amy Schumer is funny
Absolutely. Amazon took away their forums and replies to reviews and down buttons too, in the same sort of effort to make things supposedly better for the company by making it significantly less valuable to the actual consumer. Huge selfish mistakes. Now I have no way to trust that what I'm going to watch will be a good match for me. It just wastes my time and energy to keep giving things a try at random.
That was the first thing they did to stop people from seeing how bad the far left shows sucked.
Netflix needs to realize they are not a streaming service they are a movie studio, their focus on subscriber count instead of creativity and intriguing storytelling [in a Time where that is rare] is criminal
No, that's the worst way to position itself. It has to see itself as a tech company going beyong streaming. They have to think what's next. Streaking games? Comics? Maybe vr content? If they start acting like a movie studio, they'll fail like railroad companies who were myopic and only limited themselves to railroad rather than thinking themselves as a transportation company and going beyond.
They should also realize that it is more important what customer wants than what their propaganda dept. wants,and giving 10.000 shows in a system, and then give you a tool which let you find only 15, out of which 14 is crap, is not the way.
The biggest problem with online streaming now is that each platform prevents the others from streaming whatever they have so customers will have to come to their platform but by doing that people need to subscribe to a dozen different options just to watch the things they like, it's just infuriating I'd rather just buy the blueray or pirate.
Perfect recipe to increase piracy.
I can't believe this really had went down with Netflix.. there was actually a point early last year I wanted to empty my savings on Netflix with the word going around that more people are considering it as a great investment. I think this is actually a valuable listen to not rush into something with out giving it some time to unravel its path.
Considering how long Netflix has been out it sounds like you really just missed the wave if anyting. You could have made a lot of money had you decided to invest way before last year
Maybe don't rush on anything and never put all your eggs in one basket (critical investing advice)
The time to invest in Netflix was 2009, not now. You're over a decade late. Also empty your savings account on dead stock for a dying company just because some shill clickbait on the internet told you to? My god people today are such total absolute morons. Netflix will be gone by next year, guarantee that. It's lost 70% of its value in a year and will continue to plummet. There has been a 2 million drop in subscribers since the start of this year alone. It's on life support and has flatlined, and the time to pull the plug on it will be coming shortly.
Everything was doing really well until #BidensAmerica hit.
I do believe big companies like Amazon and Disney are being awful to their customers and people will slowly lose interest in them. They are the reason torrenting is again on the rise. Netflix single handedly shut down the torrenting worldwide.
Profits will still outweigh torrenting losses.
How did Netflix stop torrents?
Lol delusional
@@cashmoney2159 by selling convenience
@@pb25193 nope. I still torrent
I rarely watch netflix anymore and literally an hour ago I heard the news about how netflix will charge extra if they catch you sharing the password of your account. As someone that pays a lot for one show (not to mention how they infamously killed House of cards) I think I’m done with netflix.
Netflix was "humble" and I wanted Blockbuster to catch up at the time (2005-2008) but I found that getting DVDs from Netflix was revolutionary and it was the "return at your convenience" that got me to like Netflix better.
Didnt blockbuster also have the “return at your convenience”?
I'm guessing the postal services never lost one of your returns and Netflix didn't try to charge you $95 for a lost DVD.. 🤣
Nice concise, documentaries with not too much fluff and straightforward to the point.
I think part of the problem is a broader problem of companies always wanting more growth. It is impossible for a company to have such a huge rate of growth and then sustain that huge rate of growth, but investors buy in because of the huge growth and they want more huge growth and they get upset if they don’t get it, even though it’s an unreasonable expectation.
As companies get bigger, with more visibility and more investors, they let the need for growth impact their business decisions too much, which has the potential to drag them off the good path they were on.
Although they have not hit their predicted growth, they still grew their revenue, they still have huge cash flow, they are still making very respectable profits.
All the investor panic, and all the people saying they’re done for (even this video title says they’ve fallen, which is not really true yet) is unwarranted at this stage, even if they do have a lot of competition now.
A lot of tech stocks are wildly overvalued, so then when they slow in growth (even if it’s not unreasonable for them to slow) it causes a big problem. This is the kind of thing we saw in the dot com bubble and we’re starting to see some signs of again.
If a company is generating enough income sustain itself even its stock price gets lowered, then it should be ok. If it is reliant on stock prices to survive, then it is doomed to fail.
Other public companies have existed for decades, i bet not all of them are reliant on stock prices to have survived for that long.
Thats the stock markets and speculative nature of our financial systems fault. Theres actually no growth. These companies are finally being given the proper market value they always really had. Its been sickening to watch these companies post their market values that just didnt make sense. Primary industry and materials of actual physical value is where you will see investment flow. The speculative model is over. A lot of people will go to jail over the next 5 years. Not the right people but heads are going to start rolling before the end of the year.
@@sepg5084 that is exactly what current meme stocks will get you. Check how many cars Tesla made and check their stock price compared these to others in the field. "Papa Musk will make me rich!!!"
The investment system is at fault, as the way corporations need to do everything to make profits for the investors. The investors are just useless leeches of the corporations they invest on. They do nothing but throw money at the companies and then decide that they own the place, of which the know nothing about, do nothing about and care nothing about ecept that the profit margin increases. No matter if it is hurting the people around them and even the ones responsible for running the company. The system is fucked up. Fuck the leeches.
Well said
This video reminded me to cancel Netflix.
I canceled netflix when they removed 'Little Britain'. Its just an entertainment company if you censor comedy and art you wont get MY money.
The thing I liked about Netflix was access to obscure stuff I couldn’t find anywhere else. Like old or foreign films. Tv from abroad. Indy stuff.
You could easily find all of that for free on the web if you search diligently enough. Why anyone would pay for in-home entertainment when you have the entire web? It honestly baffles me. I'm SO glad Netflix is in its last days.
@@nonequivalence1864 I didn’t know where to look or what to even look for. Netflix introduced me to a lot. I valued that varied and easy access as a young person. They gave new life to all kinds of genres. I feel like they stopped curating their content. Most of it feels like padded content now. The value of discovery is gone.
In the past year, I saw fewer and fewer quality shows, which explains the declining content on Netflix.
I see fewer and fewer quality shows. And it isn't just me.
Their price increase is unmatched by the quality of their shows now.
I'm all for varieties of genres, as my list is all over the place.
But what Elon said hit it on the nose.
if they have Desperate Housewives it will save the company.
How can they even try to claim password sharing is an issue when they charge per screen? If I'm paying extra for 4 screens instead of 2, what does it matter if they're under the same roof?
The ceo needs to take a pay cut
i did not experience this. My bro is in China atm using the same account
The executives never think about their customers. They think about the investors and that ends up being disastrous
Aren’t they legally obligated to in a publicly traded company?
@@NuttyAs they maybe are, but if customers don't like the service they're being offered, it doesn't really matter what investors think
@@martinazhila6396 I mean that as far as I know if a publicly traded company’s CEO is perceived to not be doing everything it can to improve share prices for investors, they can be ousted and potentially sued which incentivises them to try to come as close to pissing off the customers as possible. I’m not saying they handled it well but with the shit hitting the fan and them in a position where they can’t even buy their way out of it (paying for more content), I don’t know if there was a way out
@@NuttyAs i don't think share prices will improve if you increase service prices. Even more, it makes people unsubscribe along with many other reasons such as low quality content. If the business is struggling of course share prices will be better, because they become cheaper. If the business is doing well the share prices will go up, but the value of the shares will also go up, the value of the business itself goes up. It's in the investors' best interest to have high value shares, they will sell them for good money. It's after all an investment. You buy these shares to later sell them at a better price. Dividents aren't always a given.
@@martinazhila6396 I’m not saying it was a good move, it was a hell of a gamble that didn’t pay off but apart from watching the ship sink I can’t see much more they could do. If there wasn’t so much competition they could buy more of a catalogue but I doubt another production company would even consider it if it meant keeping their competition afloat. Watching the ship sink would get you removed as CEO but probably not sued at least
I've completely unsubscribed to every streaming services. There's several reason for it, but most are following each other's bad decisions. Introduction of ads, higher prices and geo restrictions (if I need a vpn, I'll go to any other websites), too many platforms and all of them want to be exclusive on specific content. Netflix had an advantage years ago. All the content available in one location, now it's getting fragmented over 100s of streaming services, all of them competing with exclusive content old and new. This might explain why piracy has regained territory in the last few years. Illegal streaming websites have access to all the content for free, no geo restrictions or no platform exclusive content. While I don't condone piracy, I think Gabe Newell was pretty spot on "We think there is a fundamental misconception about piracy. Piracy is almost always a service problem and not a pricing problem" "The easiest way to stop piracy in not by putting antipiracy technology to work. It's by giving those people a service that's better than what they're receiving from the pirates" and lastly "If a pirate offers a product anywhere in the world, 24 x 7, purchasable
from the convenience of your personal computer, and the legal provider says the product is region-locked, will come to your country 3 months after the US release, and can only be purchased at a brick and mortar store, then the pirate’s service is more valuable.” At this point the service is no longer brick and mortar stores but more other streaming platforms.
Finally, someone said it! When Netflix first lost like 30% in a single day, my first thought was that what happened to Atari is happening to Netflix!
Atari was just too old, people needed games, but the system was not complex enough.
You own some old TV? just as the Atari? unable to play movies on it, too old?
I said it, when ColdFusion drops a video, I drop everything I'm doing, work or not , I drop it all and watch the new episode release. ColdFusion, is New Thinking
That is so sad. I've been watching ColdFusion for several years now, and still do (obviously) but I feel it too has gotten watered down, He never tells the whole story, particularly not when it comes to anything Elon Musk.
Anyway, glad you are such a fan, but keep it balanced man !!
I recently canceled by subscription after being a member for five years. The main reason I canceled it due to the injection of woke ideology in most shows. I am so sick of this progressive politics being shoved into every single aspect of life. I just want to get away from all woke politics. Politicians cause all of the bad situations that everyone finds themselves in now.
Oh my god. Conservatives are so pathetic.
Amen
Let's not forget Cuties. They are peddling little girls for perverts to watch. Effing disgusting. Plus, their woke bs had me over it as well.
I canceled when they hired the Obamas and some of their flunkies. My money wasn't going to support them.
@@asitraining7664 Please tell me you're joking.
I used to subscribe netflix because I was starting over and tried to live an honest life. Back to a pirate life again now.
Having a small number of services makes sense as consumers can watch what they like for a simple fee. With so many options, I just don't care anymore and have mostly just stopped watching shows. Piracy is going to go up again since the market is now terrible for consumers. I hope it crashes. Maybe out of this, several studios can band together to make one service instead of 50.
Or they could figure it out now and just put it back into Netflix...... but they are too dumb and greedy for that
@@frilink like when disney pulled marvel out of netflix. I rolled my eyes so hard i got a headache
It doesn't help that the content they're pushing out is dogshit. It's either woke or more goddamn superhero crap. Remember when you'd get an interesting big blockbuster movie that wasn't based on some IP that's existed since the 70's?