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Netflix is now worth more than Comcast

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Re: Netflix is now worth more than Comcast

#71

Post by rayiner »

gxs wrote: post #62
rayiner wrote: post #34

Earlier quoted context omitted.

> The whole idea of "cord cutting" hurting cable is insane. If you don't subscribe to cable and you subscribe to internet based streaming services, you're still getting content delivered to your home via either a cable "cord" or the phone company. Right now, people pay $150+ for a package with all the TV channels, while you can get the broadband for $50 or so. Cable companies could dramatically raise prices on the ba…

Really curious to see the technology that develops in response to the latency introduced by wireless internet. I'm not familiar with domains that have a huge dependency on latency other than high frequency trading (who are already next door), but I imagine it's a problem we'll have to solve at some point.

Wireless latency is not bad at all. It’s already not noticeable on LTE (around 20 ms) and on 5G the air interface latency will be less than what’s added on the transit network.

Re: Netflix is now worth more than Comcast

#72

Post by karpodiem »

rayiner wrote: post #34
scarface74 wrote: post #13

Earlier quoted context omitted.

The whole idea of "cord cutting" hurting cable is insane. If you don't subscribe to cable and you subscribe to internet based streaming services, you're still getting content delivered to your home via either a cable "cord" or the phone company. Netflix at most gets $12/month per subscriber. Comcast will get $80 - $110/month for internet service. Comcaast also has either no competitors in their market or at most one.…

> The whole idea of "cord cutting" hurting cable is insane. If you don't subscribe to cable and you subscribe to internet based streaming services, you're still getting content delivered to your home via either a cable "cord" or the phone company. Right now, people pay $150+ for a package with all the TV channels, while you can get the broadband for $50 or so. Cable companies could dramatically raise prices on the ba…

Comcast has hiked standalone broadband to $75 - http://stopthecap.com/2017/12/21/75-month-broadband-pricing-...

Interestingly, you can get a cheaper promotional rate if you bundle local TV channels (cheaper than $75/month for both internet + tv) so Comcast can inflate its video subscriber (to boost their stock price) amount and they hope you forget you're on a promotional rate your bill jumps $30-40 after you drop off promo. You're free to negotiate (most people do) to get back on the promo rate; many people have success with this, but it's just a cat/mouse game and a hassle.

And Comcast also has a 1TB monthly usage cap. When the era of 2160p + HDR arrives in the next few years, people will chew through that cap rather quickly.

Comcast will continue to jack up standalone broadband prices to hedge against fleeing video subscribers. Why? Because they can, and have very little competition in most markets.

Re: Netflix is now worth more than Comcast

#73

Post by scarface74 »

AdamM12 wrote: post #66
ocdtrekkie wrote: post #61

Earlier quoted context omitted.

A la carte cable was a "grass is greener on the other side" thing. People asked why they pay $60 a month for 100 channels if they only watch a handful. Now you can buy Netflix, Hulu, HBO, CBS All Access, Disney whatever, etc. each for $10 a month. You still end up paying $60 a month, but now you get six channels instead of 100.

Not sure this is a fair comparative metric. One could argue that filtering on theme (crime dramas, docs, etc.) are effectively channels. More accurate comparison would be content count or hours of programming. I've not had cable in 3 years and between HBO, Netflix, and Amazon I don't ever feel like I'm at a loss for content.

And all of the networks offer most of their content free on the web a week after it airs without signing in, in the case of CW, within a day.

If you add the corresponding channels to Plex, you can watch them without commercials. Plex channels scrape the content from the official web channels in real time so while the networks may not like it, to the websites it looks just like you are viewing it on the web so it wouldn't be considered "piracy"

Re: Netflix is now worth more than Comcast

#74

Post by Retric »

scarface74 wrote: post #54
rayiner wrote: post #34

Earlier quoted context omitted.

> The whole idea of "cord cutting" hurting cable is insane. If you don't subscribe to cable and you subscribe to internet based streaming services, you're still getting content delivered to your home via either a cable "cord" or the phone company. Right now, people pay $150+ for a package with all the TV channels, while you can get the broadband for $50 or so. Cable companies could dramatically raise prices on the ba…

The idea that cable providers can raise prices to compensate for lost TV revenue is predicated on the assumption that there are no alternatives. That assumption ignores just how much bandwidth 5G gives you to play with. All of the major cell carriers are already offering unlimited internet with SD video streaming. My older son doesn't have home internet service at all. He streams everything either from his phone or h…

70 + 35 + 12 = 120/ month that's much cheaper than cable + internet. A 1 GB connection is also overkill for just about anyone.

Re: Netflix is now worth more than Comcast

#75

Post by [deleted] »

thisisit wrote: post #3

Comcast has 15 billion in net income last quarter whereas Netflix had 185 million. And PE ratio of comccast is 19 whereas Netflix is 188. In the future where the cord cutting trend continues and Netflix gains tons of subscribers the valuation might make sense. But for now, I feel this looks like very overvalued.

[deleted]

Re: Netflix is now worth more than Comcast

#76

Post by Scaevolus »

rayiner wrote: post #34
scarface74 wrote: post #13

Earlier quoted context omitted.

The whole idea of "cord cutting" hurting cable is insane. If you don't subscribe to cable and you subscribe to internet based streaming services, you're still getting content delivered to your home via either a cable "cord" or the phone company. Netflix at most gets $12/month per subscriber. Comcast will get $80 - $110/month for internet service. Comcaast also has either no competitors in their market or at most one.…

> The whole idea of "cord cutting" hurting cable is insane. If you don't subscribe to cable and you subscribe to internet based streaming services, you're still getting content delivered to your home via either a cable "cord" or the phone company. Right now, people pay $150+ for a package with all the TV channels, while you can get the broadband for $50 or so. Cable companies could dramatically raise prices on the ba…

Netflix 4K is "up to 7GB per hour", so likely 5-7GB on average. https://help.netflix.com/en/node/87

Re: Netflix is now worth more than Comcast

#77

Post by ocdtrekkie »

scarface74 wrote: post #73
AdamM12 wrote: post #66

Earlier quoted context omitted.

Not sure this is a fair comparative metric. One could argue that filtering on theme (crime dramas, docs, etc.) are effectively channels. More accurate comparison would be content count or hours of programming. I've not had cable in 3 years and between HBO, Netflix, and Amazon I don't ever feel like I'm at a loss for content.

And all of the networks offer most of their content free on the web a week after it airs without signing in, in the case of CW, within a day. If you add the corresponding channels to Plex, you can watch them without commercials. Plex channels scrape the content from the official web channels in real time so while the networks may not like it, to the websites it looks just like you are viewing it on the web so it woul…

Are you confident this is still the case? I was watching CW shows on their website this week, and had to sign in with my cable provider to stream the full episodes. I've seen this as fairly hit or miss.

Re: Netflix is now worth more than Comcast

#78

Post by rayiner »

dragonwriter wrote: post #69
rayiner wrote: post #34

Earlier quoted context omitted.

> The whole idea of "cord cutting" hurting cable is insane. If you don't subscribe to cable and you subscribe to internet based streaming services, you're still getting content delivered to your home via either a cable "cord" or the phone company. Right now, people pay $150+ for a package with all the TV channels, while you can get the broadband for $50 or so. Cable companies could dramatically raise prices on the ba…

> The idea that cable providers can raise prices to compensate for lost TV revenue is predicated on the assumption that there are no alternatives. Which is increasingly correct, since the same entities that sre cable operators not only largely own the fixed consumer internet connections, they also largely own the mobile broadband providers and satellite broadband providers, and, even if they didn't own the pipes, the…

No, it’s increasingly less correct. Right now, Verizon and AT&T don’t compete with each other, or with Comcast in most places. With 5G, you’ll have 3-4 entities offering broadband in almost every market.

Re: Netflix is now worth more than Comcast

#79

Post by rayiner »

karpodiem wrote: post #72
rayiner wrote: post #34

Earlier quoted context omitted.

> The whole idea of "cord cutting" hurting cable is insane. If you don't subscribe to cable and you subscribe to internet based streaming services, you're still getting content delivered to your home via either a cable "cord" or the phone company. Right now, people pay $150+ for a package with all the TV channels, while you can get the broadband for $50 or so. Cable companies could dramatically raise prices on the ba…

Comcast has hiked standalone broadband to $75 - http://stopthecap.com/2017/12/21/75-month-broadband-pricing-... Interestingly, you can get a cheaper promotional rate if you bundle local TV channels (cheaper than $75/month for both internet + tv) so Comcast can inflate its video subscriber (to boost their stock price) amount and they hope you forget you're on a promotional rate your bill jumps $30-40 after you drop of…

> Comcast will continue to jack up standalone broadband prices to hedge against fleeing video subscribers. Why? Because they can, and have very little competition in most markets.

That's coming from the perspective of an HN reader, for whom wireless isn't "competition." (I get it, I've got two fiber lines to my house; 3 gigabits total. My daughter uses it to stream Magic Schoolbus.) But for the typical user, 5G wireless services (say 50-100 mbps with 100GB data cap) is going to be enough. We're already at 15% of households making $100k+ ditching wired Internet for 4G. That number is growing, and will explode when 5G service rolls out.

Re: Netflix is now worth more than Comcast

#80

Post by dawnerd »

wufufufu wrote: post #10

What's more shocking to me is that Netflix is worth more than Disney. Just look at the list of Disney subsidiaries[1], then look at how bad the average Netflix original movie is and then tell me if the market caps makes any sense at all. [1] https://en.wikipedia.org/wiki/List_of_assets_owned_by_Disney

It's absolutely silly. One Disney movie release alone puts Netflix to shame. Unless Netflix can open theme parks and push massive blockbusters to theaters every three weeks I just don't see how they'll actually be worth more.
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