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Netflix shares decline after reporting disappointing subscriber growth

bbc.co.uk

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Re: Netflix shares decline after reporting disappointing subscriber growth

#41
post #30

Earlier quoted context omitted.

Opening a position on the day of the earnings announcement is generally a bad idea regardless of whether you’re right or wrong about the direction. Volatility is effectively priced in at that point.

You're thinking of options, not stock. Stock price itself can't imply volatility, it can only reflect market expectations of earnings.

[deleted]

Re: Netflix shares decline after reporting disappointing subscriber growth

#42
post #6
post #2

Here in India, Netflix costs ₹500/mo. Amazon Prime costs ₹999 for the whole year. Both are much pricier compared to regular cable TV, which gives you hundreds of channels for a few hundred rupees per month. So there's a saturation point to at least some of their international expansion unless incomes start rising more broadly... Also, anecdotally, I only have so much time for 'prestige' TV. They cover Delhi and Youtu…

Surprising how the ratio is so far reversed in India. Here in Canada (which is a similar market to the USA), Netflix is the cheapest option. Cable TV is several times more expensive for even a basic plan, and Amazon Prime costs about the same as Netflix (but includes the other Prime services).

The parent says that Netflix costs ₹500/mo in India, or $9.60 in Canadian dollars, which is almost exactly the price it costs in Canada. I wonder if Netflix prices their plans at approximately the same price worldwide to prevent arbitrage since people living in expensive countries could subscribe in cheap countries. (Netflix allows you to use your subscription worldwide when you're traveling -- so people could claim to be traveling.)

Re: Netflix shares decline after reporting disappointing subscriber growth

#43

Earlier quoted context omitted.

Another anecdote: I’d have cancelled Netflix a while ago if my family wasn’t using it. Their UX has been on a steady decline for me: - Audio previews make it so I never want to browse for what to watch next. I hate having to fumble with my tv/home theatre remote because of this. - If you leave it hanging, the previews count towards a watch! Wow. God help you if you wanna make some popcorn. - Their sorts are always sh…

Audio previews! Holy shit! Terrible experience. And auto-play for episodes. I know it gets people hooked to watch, but still annoying. There are so few configurable items in their Netflix menu.

I have noticed lately that the "Are you still there" message has gone away. While it is nice when you are awake, it sucks when you fall asleep and wake up on season 6 of something when last you knew you were on season 2. Then you have to figure out exactly what episode you fell asleep on, not impossible but can be a pain.

Re: Netflix shares decline after reporting disappointing subscriber growth

#44
post #2

Here in India, Netflix costs ₹500/mo. Amazon Prime costs ₹999 for the whole year. Both are much pricier compared to regular cable TV, which gives you hundreds of channels for a few hundred rupees per month. So there's a saturation point to at least some of their international expansion unless incomes start rising more broadly... Also, anecdotally, I only have so much time for 'prestige' TV. They cover Delhi and Youtu…

I live in Bangalore and I feel I have no time to watch a "serious" show like sacred games or altered carbon. You really have to sit down and pay 100% attention to the show to fully understand what's going on. Contrast that to general Indian TV where I can take a pee break and come back and still understand everything. I didn't renew my prime and netflix subscription last month.

Re: Netflix shares decline after reporting disappointing subscriber growth

#45
post #12
post #8

Total anecdote: Kinda sucks when shows leave Netflix and don't get replaced; half the appeal of Netflix is the ability to quickly switch between Futurama and Always Sunny, and more importantly to be able to watch those shows on a platform that doesn't completely suck (FX's app has got to be one of the worst apps I've ever used). When "Parts Unknown" was about to leave Netflix, I really questioned whether it was worth…

They've been so aggressively getting rid of "real" content and replacing it with their in-house productions, the quality of which has slid quite a bit as they've ramped up volume. I'm on the verge of canceling it, since most of what I want is on Prime anyway.

I don’t think they’re replacing their content on purpose, they have no choice. Around ten years ago when Netflix streaming started to take off studios thought they were taking Netflix for a ride, selling new-fangled “streaming” rights for old catalogue films that otherwise weren’t making much money. Now the game has changed and Netflix effectively can’t afford to renew these contracts, so little by little the stuff people actually know and love is leaving the service. To Netflix’s credit, they started trying to make their own content, but for every hit there’s about twenty misses. And frankly, even if everything they made turned to gold they still wouldn’t have age-old classics that everyone still wants to see.

I actually think they’re going to be in a lot of trouble a few years down the line as their catalog is going to be a handful of great originals, tons of garbage originals, and a bottomless pit of Z-grade studio films.

Re: Netflix shares decline after reporting disappointing subscriber growth

#46
post #39
post #22

Earlier quoted context omitted.

Not only does this statement not make any clear sense (why does English speaking #s affect price of the service?) but India has the second largest English speaking population in the world.

>but India has the second largest English speaking population in the world. irrelevant when that equates to 10% of the population.

Can you explain why it's irrelevant? It's unclear to me how market size is impacted by the fact that there is a larger pool of people that aren't in the market.

Re: Netflix shares decline after reporting disappointing subscriber growth

#47
post #8

Total anecdote: Kinda sucks when shows leave Netflix and don't get replaced; half the appeal of Netflix is the ability to quickly switch between Futurama and Always Sunny, and more importantly to be able to watch those shows on a platform that doesn't completely suck (FX's app has got to be one of the worst apps I've ever used). When "Parts Unknown" was about to leave Netflix, I really questioned whether it was worth…

Another anecdote: I’d have cancelled Netflix a while ago if my family wasn’t using it. Their UX has been on a steady decline for me: - Audio previews make it so I never want to browse for what to watch next. I hate having to fumble with my tv/home theatre remote because of this. - If you leave it hanging, the previews count towards a watch! Wow. God help you if you wanna make some popcorn. - Their sorts are always sh…

100% on the bilingual thing. For my family and I, it's kinda awkward - weird localization failure for such a large corp. Not to mention completely botched translations like the title of Money Heist (actually called The Paper House), which is the dumbest name I've ever seen.

Re: Netflix shares decline after reporting disappointing subscriber growth

#48
post #8

Total anecdote: Kinda sucks when shows leave Netflix and don't get replaced; half the appeal of Netflix is the ability to quickly switch between Futurama and Always Sunny, and more importantly to be able to watch those shows on a platform that doesn't completely suck (FX's app has got to be one of the worst apps I've ever used). When "Parts Unknown" was about to leave Netflix, I really questioned whether it was worth…

Adding my own anecdote:

I cancelled Netflix a while ago, I hadn't been watching it for a while but assumed the rest of my family was. Eventually got around to asking them and it turned out they hadn't used it in a while either. Turns out we all just kinda lost interest. I remember when streaming first came out I was excited to "see what's on streaming," it felt like so much content to explore. Then it gradually became: "let's see if I can find something tolerable on Netflix before I go to bed." So many nights I started 5 different things, giving up on each to start something new, before I eventually just gave up on Netflix all together and went to sleep.

Part of the problem, was that their content came to all feel bland in the same way to me. But I also think they slowly broke my media consumption habits. I remember the days of Blockbuster when you had to pick one movie, and then you were committed. Which meant I almost always finished the movies. Many times I'd watch them twice. Netflix creates this persistent FOMO over what you could be watching. Eventually, I just stopped watching anything.

Re: Netflix shares decline after reporting disappointing subscriber growth

#49
My girlfriend and I use Netflix to watch Star Trek, Chinese movies, and Indian/Bollywood films. That's it. Honestly the UX has been steadily getting better from my perspective and the film selection now is way beyond where it was ~3 years ago. Maybe I'm an outlier? It didn't occur to me that it might be an unpopular opinion to say that Netflix is actually good
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