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The bottom is dropping out of Netflix

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Re: The bottom is dropping out of Netflix

#41

Post by jsemrau »

vmception wrote: post #36
glenjamin wrote: post #25

Earlier quoted context omitted.

The graph in your link appears to show an operating profit of over $6 billion. What has gone wrong with our world that making a 6 billion dollar a year profit is considered a problem?

Nothing, theyre just Attempting to price the shares correctly now. Its $6bn in profit still at a $96bn valuation. Down from $150bn. Quite high if only looking at profit. But I definitely like the revenues under the idea they can reduce overhead

I suppose the assumption of many investors is that competition is increasing and with that profitability will decline as well. Still the markets are crazy right now.

Re: The bottom is dropping out of Netflix

#42

Post by danielbln »

sudden_dystopia wrote: post #22

Interesting analysis. I find it interesting that so many people spend so much time watching tv in the first place. Growing up, I was one of those people but about a decade ago I lost interest in pretty much anything on television. There are certain shows that I will watch on occasion that get me hooked, but I usually struggle to find anything that is actually worth my time and end up just turning the tv off after sur…

Under all that muck, you aren't seeing the nuggets. A great example is Severance which came out just this year (Apple+) and it's a masterpiece, from cinematography to high concept to acting. We live in a golden age because there is something for everyone, but that also means there is a lot of trash. Luckily, there are also more gems available now than ever before.

Re: The bottom is dropping out of Netflix

#44

Post by hotpotamus »

usrn wrote: post #20
ericmay wrote: post #13

Earlier quoted context omitted.

I agree re: Netflix and Dropbox. Salesforce acquired Slack though. The main issue with a thesis about Slack is that for some completely unknown to me reason, nobody has even attempted to make a competitor. Discord is the closest but using both I don’t think I could use Discord for work at all. It’s just off.

XMPP still exists.

IRC still exists even. I was recently told that it's basically Dischord for old people and I can't really disagree with that perspective from the eyes of a kid today.

Re: The bottom is dropping out of Netflix

#45

Post by lotsofpulp »

0xTJ wrote: post #21

The entire TV/movie streaming industry is pushing the world back to a cable-like one, and that's already pushing people back to pirating. There are a lot of people who were content to pay for a couple services, but even without any sports, you can easily be paying for 3 streaming services for ~$60, just to get content that used to be on Netflix (plus whatever's been released since). Once you add one or two sports, yo…

> you can easily be paying for 3 streaming services for ~$60

You can easily buy and cancel what you want when you want, so that is the not cable-like development.

I do not see why people should fee they are owed all the content in the world for $x.

The important part is the creator/curator/seller of the content and the purchaser of the content are not held hostage by a monopoly/monopsony distributor.

Re: The bottom is dropping out of Netflix

#46

Post by CamelCaseName »

sudden_dystopia wrote: post #22

Interesting analysis. I find it interesting that so many people spend so much time watching tv in the first place. Growing up, I was one of those people but about a decade ago I lost interest in pretty much anything on television. There are certain shows that I will watch on occasion that get me hooked, but I usually struggle to find anything that is actually worth my time and end up just turning the tv off after sur…

My belief is that, like any media, there is a massive backlog of good content.

When you get through the part of the backlog you enjoy, you have to either wait for content you enjoy to come out (slow!) or explore less enjoyable (to you) content.

Back in high school, I felt "behind" in my cultural wisdom, so I spent an entire summer watching a huge list of TV shows and movies.

Now, shows I truly enjoy are few and far between, because I've seen so much of the good content in my favorite genres already.

Re: The bottom is dropping out of Netflix

#47

Post by wirefall »

glenjamin wrote: post #25
jsemrau wrote: post #17

Netflix is now a mature business that stopped growing. https://app.finclout.io/t/NBbmd0A

The graph in your link appears to show an operating profit of over $6 billion. What has gone wrong with our world that making a 6 billion dollar a year profit is considered a problem?

Infinite growth is now the norm.

Re: The bottom is dropping out of Netflix

#48

Post by CamelCaseName »

bruce511 wrote: post #37

I see a lot of focus on the "lost 200 000 subscribers", but less acknowledgement that they kicked 700 000 Russians off the subscriber list, meaning they actually grew by 500 000 subscribers (still well short of wall streets expectation of 2.5 million.) So in one sense it's a one-time drop, not a trend. Does Netflix have more competition than before? sure. Is it growing as fast as before? no, especially as they reach…

> So in one sense it's a one-time drop, not a trend.

But it is a trend, they said to expect a 2 million subscriber loss in the following quarter.

Re: The bottom is dropping out of Netflix

#49

Post by CapmCrackaWaka »

sudden_dystopia wrote: post #22

Interesting analysis. I find it interesting that so many people spend so much time watching tv in the first place. Growing up, I was one of those people but about a decade ago I lost interest in pretty much anything on television. There are certain shows that I will watch on occasion that get me hooked, but I usually struggle to find anything that is actually worth my time and end up just turning the tv off after sur…

Agreed, I never watch TV unless it's, weirdly enough, a social setting. My wife and I watch TV together all the time, we have shows that we like to enjoy together and talk about. My roommates and I would watch TV together all the time in college, and every now and then there will be a show that I'll go to my friends houses to watch (game of thrones). But now that I think about it, I don't think I've watched a TV show by myself in over 20 years.

Re: The bottom is dropping out of Netflix

#50

Post by grayfaced »

0xTJ wrote: post #21

The entire TV/movie streaming industry is pushing the world back to a cable-like one, and that's already pushing people back to pirating. There are a lot of people who were content to pay for a couple services, but even without any sports, you can easily be paying for 3 streaming services for ~$60, just to get content that used to be on Netflix (plus whatever's been released since). Once you add one or two sports, yo…

All these services are going for the strategy of a couple big releases and hope people forget to cancel. But now with a dozen different services consumers are being forced to learn to swap in and out.

Once they swap into a good pirate solution, it'll be very hard to get them to swap out.

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