Netflix is losing subscribers. I will unsubscribe from Netflix soon. Netflix doesn't have a good way of classifying films. Its search engine is very bad. So I ended up watching the free youtube programs. hehe
I am puzzled why that was not priced in. It was obvious when they canceled what... 1 MILLION Russian subscribers, and prohibited any further signups going future. Not to mention, most people I know who have Netflix aren't even paying for it. They just share passwords. There is no incentive to PAY for the service, especially when everyone else is free-loading from the few honest ones who pay for it.
what happened on 21 Jan 2022? Netflix gapped down massively on that day. Yesterday's earnings report was a minor event.
I read the r/cordcutters subreddit and it seems the biggest complaint against Netflix from that crowd is that the majority of the content is very mediocre with a few really good series/movies. I think also the last price hike and the coming end of password sharing has really moved the needle for people unsubscribing. I think there isn't any way to really make a lot of money in their business model since the cost of new content is so high. The only way is to raise prices but then you become the business you were trying to replace aka cable bundles. Unless the Movie & TV people are willing to take less profit this model won't work. Of course the Music business had the same issue and their new streaming model does reduce the Artists take which explains why music streaming works as a business but that is after thousands of lawsuits filed by the MPAA and ultimate capitulation to Apple and their iTunes database. The externality of this is that Artists don't really make much money on their actual music anymore, the money is in the form of Touring. I think the original Netflix was much better when they just paid the content owners and everything was on Netflix, but the content owners were too greedy and they told Netflix to pound sand.
I haven't used NetFlix in years, aside from when my girlfriend used to visit. Yes, a lot of what they have is kinda old... like watching The Walking Dead when you know everyone else is a season or two ahead of you, haha. A lot of the movies were just... really bad. If it was rated 3-stars you knew really it should be the 1-star category. I will probably keep a round lot or two of shares and just use it to sell calls over for a couple years and see what bounces.
I rarely watch TV / movies, but saw a clip for The Equalizer (1) and wanted to watch the movie. Checked NFLX, not there. Checked HBO Max, not there. Checked Amazon Prime, not there. Also have Disney Plus, but already knew it's not there. Why do I pay for all these services (well, pay for some of it...share passwords with relatives) when I can't even watch what I want to watch? That movie came out 8 years ago. Oh, found it on Youtube for free...
Why waste time watching TV ? Read a book, go out for a walk. Anything but watching TV… I haven’t watched TV since 1967