Netflix subscribers fall for first time in a decade, shares plunge 23%
It looks like Netflix lost around 700,000 customers in Russia, which is making their numbers look bad. They expect to lose 2.5 million more customers.
Yeah they can’t keep raising the prices. Especially when they now have competition. Altho the newcomers are pricing their services competitively to steal marketshare. If they were in the same position netflix is in now, they’d likely do the same.
——No more ppl to fuel endless capitalist expansion?—— ⠀⣞⢽⢪⢣⢣⢣⢫⡺⡵⣝⡮⣗⢷⢽⢽⢽⣮⡷⡽⣜⣜⢮⢺⣜⢷⢽⢝⡽⣝ ⠸⡸⠜⠕⠕⠁⢁⢇⢏⢽⢺⣪⡳⡝⣎⣏⢯⢞⡿⣟⣷⣳⢯⡷⣽⢽⢯⣳⣫⠇ ⠀⠀⢀⢀⢄⢬⢪⡪⡎⣆⡈⠚⠜⠕⠇⠗⠝⢕⢯⢫⣞⣯⣿⣻⡽⣏⢗⣗⠏⠀ ⠀⠪⡪⡪⣪⢪⢺⢸⢢⢓⢆⢤⢀⠀⠀⠀⠀⠈⢊⢞⡾⣿⡯⣏⢮⠷⠁⠀⠀ ⠀⠀⠀⠈⠊⠆⡃⠕⢕⢇⢇⢇⢇⢇⢏⢎⢎⢆⢄⠀⢑⣽⣿⢝⠲⠉⠀⠀⠀⠀ ⠀⠀⠀⠀⠀⡿⠂⠠⠀⡇⢇⠕⢈⣀⠀⠁⠡⠣⡣⡫⣂⣿⠯⢪⠰⠂⠀⠀⠀⠀ ⠀⠀⠀⠀⡦⡙⡂⢀⢤⢣⠣⡈⣾⡃⠠⠄⠀⡄⢱⣌⣶⢏⢊⠂⠀⠀⠀⠀⠀⠀ ⠀⠀⠀⠀⢝⡲⣜⡮⡏⢎⢌⢂⠙⠢⠐⢀⢘⢵⣽⣿⡿⠁⠁⠀⠀⠀⠀⠀⠀⠀ ⠀⠀⠀⠀⠨⣺⡺⡕⡕⡱⡑⡆⡕⡅⡕⡜⡼⢽⡻⠏⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀ ⠀⠀⠀⠀⣼⣳⣫⣾⣵⣗⡵⡱⡡⢣⢑⢕⢜⢕⡝⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀ ⠀⠀⠀⣴⣿⣾⣿⣿⣿⡿⡽⡑⢌⠪⡢⡣⣣⡟⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀ ⠀⠀⠀⡟⡾⣿⢿⢿⢵⣽⣾⣼⣘⢸⢸⣞⡟⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀ ⠀⠀⠀⠀⠁⠇⠡⠩⡫⢿⣝⡻⡮⣒⢽⠋⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀
What is this ascii?
edit: k, got caught by the word filter, anyway, just google “megamind no”
The stock value of Netflix was based on the perceived future value as more people moved to streaming services. Now that there are more and more streaming services, Netflix simply has more competition. The assumption that drove its stock price so high is waning.
Unfortunately for consumers, the proliferation of streaming services means that every streaming service has to distinguish itself. The basic features are hard to innovate much more on, so we’re seeing more and more exclusive content and vertical integration. Do you like Attack on Titan, the MCU, The Witcher, Doctor Who, Picard, and Wheel of Time? Too bad, because those are on six different platforms.
This is why piracy will never die. Even if you want to throw money on creators it just becomes unfeasible again. You will get people subscribed to 1-3 of these services and rest is torrent.
I tried circulation my subscriptions. One month Netflix, one month HBO,… But it is too tiring and annoying.
Piracy will always be preffered if it is easier and more convenient.
i mean look at that winning top tier public company strat
look how well its working, just look at them stonks
They didn’t intentionally remove content
Rather, vertically-integrated competitors arrived that no longer wanted to licence their content to Netflix anymore
And region locking, at least in Australia, is the result of Fox and other companies already having exclusive distribution rights for certain content
Netflix is just like every other awful mega-corp in a bunch of ways, but it’s also true that their hands are tied in some ways
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