Streaming video has surpassed cable subscriptions worldwide
1–10 of 105 posts
Re: Streaming video has surpassed cable subscriptions worldwide
#2The attitude towards streaming and the whole video on demand idea 10-15 years ago reminds me so much on the attitude towards electric vehicles today:
- Quality is too low
- speed is too slow
- many people want to own their movie, not just rent it
- people don’t want to watch movies on a computer
- the large studios and cable companies will never allow it
And within little more than a decade that all changed.
Re: Streaming video has surpassed cable subscriptions worldwide
#3I do wonder how Netflix can stay competitive in this market. They already have lots of debt, new competitors coming up, stock price is quite high. It seems they need to produce or license new content, so people do not cancel. But licensing content gets harder as competitors start their own services.
Re: Streaming video has surpassed cable subscriptions worldwide
#4The attitude towards streaming and the whole video on demand idea 10-15 years ago reminds me so much on the attitude towards electric vehicles today: - Quality is too low - speed is too slow - many people want to own their movie, not just rent it - people don’t want to watch movies on a computer - the large studios and cable companies will never allow it And within little more than a decade that all changed.
Self driving cars is probably a better example
Re: Streaming video has surpassed cable subscriptions worldwide
#5I do wonder how Netflix can stay competitive in this market. They already have lots of debt, new competitors coming up, stock price is quite high. It seems they need to produce or license new content, so people do not cancel. But licensing content gets harder as competitors start their own services.
They could leverage the edge cache they have to get into streaming games. Or maybe build a YouTube competitor.
Re: Streaming video has surpassed cable subscriptions worldwide
#6I always said the university made some sort of mistake when they gave me a math teachers masters and, let's face it, that was decades ago.
But still. This article has an inconsistency that doesn't require any particularly high level of math understanding.
> world’s entertainment market — encompassing both theatrical and home releases — grew to a new high in 2018: $96.8 billion
repeat:
> consumers spent $96.8 billion on entertainment around the world.
compare to:
> cable subscriptions still rake in the most money, increasing in 2018 by $6.2 billion to $118 billion
Erm, what?
And I checked the original PDF, the same sort of headscratcher is in there: apparently people spent more on cable subscription than on entertainment which is obviously (?) impossible.
Re: Streaming video has surpassed cable subscriptions worldwide
#7I always said the university made some sort of mistake when they gave me a math teachers masters and, let's face it, that was decades ago. But still. This article has an inconsistency that doesn't require any particularly high level of math understanding. > world’s entertainment market — encompassing both theatrical and home releases — grew to a new high in 2018: $96.8 billion repeat: > consumers spent $96.8 billion…
The $96.8 billion is just talking about movies, and the cable subscription total is just for sub fees.
Re: Streaming video has surpassed cable subscriptions worldwide
#8I do wonder how Netflix can stay competitive in this market. They already have lots of debt, new competitors coming up, stock price is quite high. It seems they need to produce or license new content, so people do not cancel. But licensing content gets harder as competitors start their own services.
They could leverage the edge cache they have to get into streaming games. Or maybe build a YouTube competitor.
What would be a compelling differentiator from what YouTube offers?
Re: Streaming video has surpassed cable subscriptions worldwide
#9The attitude towards streaming and the whole video on demand idea 10-15 years ago reminds me so much on the attitude towards electric vehicles today: - Quality is too low - speed is too slow - many people want to own their movie, not just rent it - people don’t want to watch movies on a computer - the large studios and cable companies will never allow it And within little more than a decade that all changed.
Three things would have prevented streaming from gaining in popularity:
- Slow Internet speeds. This has changed.
- Cable bills not increasing. If cable was cheap no one would care about Netflix. But when it gets around $200/month most people start questioning why they need cable TV. I did and changed my plan to Internet only, and have not regretted it. Cable TV is garbage and it's cheaper to pay $10/month for HBO GO or STARZ rather than have to have a $75, $80, $100 specific cable package and then pay $10 to get it on your cable box. OTA TV has improved and is a lot better than it used to be, at least where I live.
- Netflix and other services not being available on practically anything with a screen and CPU. I think most people who watch Netflix on a computer are broke college students with no other choice or doing so at work, but most are using their smart TV, Roku, game console, or other similar devices.
Re: Streaming video has surpassed cable subscriptions worldwide
#10The attitude towards streaming and the whole video on demand idea 10-15 years ago reminds me so much on the attitude towards electric vehicles today: - Quality is too low - speed is too slow - many people want to own their movie, not just rent it - people don’t want to watch movies on a computer - the large studios and cable companies will never allow it And within little more than a decade that all changed.
Doesn't mean people were wrong 15 years ago. At the time most of those things were real issues. Especially speed.