The bottom is dropping out of Netflix • Hacker News Board

Re: The bottom is dropping out of Netflix

#921

Post by stjohnswarts » Sat, Apr 23, 2022, 2:00 AM UTC

zmmmmm wrote: post #775

All the handwringing over Netflix subscriber loss seems to be overlooking the fact that they raised their prices - significantly. Of course they could lose subscribers from doing that. But 200k subscribers out of 150 million? Combined with the end of the pandemic and sky high inflation meaning many people have less opportunity to watch and less money to spend. The fact they raised their prices something like 20% and…

I suspect from the undercurrent people are doing it to force netflix stock down to buy low.

Re: The bottom is dropping out of Netflix

#922

Post by alot » Sat, Apr 23, 2022, 2:01 AM UTC

paxys wrote: post #800

nine_k wrote: post #778

Earlier quoted context omitted.

I wonder why the market reacted so harshly though, with NFLX losing 1/3 last Wednesday ($347 to $215).

The market reacted because a much higher subscriber growth was factored into the price. After the massive drop Netflix is still worth $100B and is one of the largest media companies out there, which is nothing to scoff at.

Along with the huge miss this quarter they quided that they will lose another 2 million subs next quarter. That signals and end to growth and a rerating of the stock.

Re: The bottom is dropping out of Netflix

#923

Post by perlpimp » Sat, Apr 23, 2022, 2:02 AM UTC

They took political sides with their content, I get enough of that elsewhere. begone!

Re: The bottom is dropping out of Netflix

#924

Post by xdennis » Sat, Apr 23, 2022, 2:04 AM UTC

If this ends up killing Netflix, the new FAANG acronym is going to become very unfortunate.

Re: The bottom is dropping out of Netflix

#925

Post by genewitch » Sat, Apr 23, 2022, 2:04 AM UTC

jen20 wrote: post #819

jmyeet wrote: post #776

Earlier quoted context omitted.

What people don't realize is that part of the pricing model for various physical media is that the media wouldn't last. VHS tapes, CDs, DVDs, etc all age, get lost, break, get scratches, whatever. They're not "forever". Now you can say "I can make a digital backup of my DVD". Depending on your jurisdiction you may have the rights to do that. But your own backup of that is unlikely to be durable. A cloud copy of somet…

> They're not "forever". I personally possess CDs from the 1980s and vinyl records from as early as the 1940s. Meanwhile I can’t access digital purchases made in the last few years. Perhaps not “forever”, but frankly close enough.

Same here, as well as a book from the 1890s.

Re: The bottom is dropping out of Netflix

#926

Post by bradlys » Sat, Apr 23, 2022, 2:06 AM UTC

xdennis wrote: post #924

If this ends up killing Netflix, the new FAANG acronym is going to become very unfortunate.

They’ve already switched F out for M - so it won’t be as bad.

Re: The bottom is dropping out of Netflix

#927

Post by mvkel » Sat, Apr 23, 2022, 2:07 AM UTC

Many seem to have forgotten that Netflix stated about four months after the beginning of the pandemic in 2020 that they were at peak subscription, and wouldn't be expecting more growth there.

The customers they lost are likely ones they would lose no matter what now that the pandemic is waning.

Separately, the disdain for bringing in advertisers, saying it's bad for customers: advertisers are their customers, too.

Re: The bottom is dropping out of Netflix

#928

Post by dudul » Sat, Apr 23, 2022, 2:08 AM UTC

jmyeet wrote: post #776

ripe wrote: post #662

It's sad that we cannot own titles but are forced to rent them from these streaming services that can't seem to get their shit together. (Not blaming Netflix per se; this is a pox on all their houses). Used to be nice in the DVD days. I built myself a nice collection then. This was the idea behind digital rights lockers: UltraViolet, which Disney refused to participate in and which closed down in 2019, and its succes…

What people don't realize is that part of the pricing model for various physical media is that the media wouldn't last. VHS tapes, CDs, DVDs, etc all age, get lost, break, get scratches, whatever. They're not "forever". Now you can say "I can make a digital backup of my DVD". Depending on your jurisdiction you may have the rights to do that. But your own backup of that is unlikely to be durable. A cloud copy of somet…

I don't know, I feel like my physical copies are much more "forever" than the censored and "improved" versions available for streaming. In my copy of Star Wars, Han shots first.

Re: The bottom is dropping out of Netflix

#929

Post by mrexroad » Sat, Apr 23, 2022, 2:11 AM UTC

runnerup wrote: post #786

jmyeet wrote: post #776

Earlier quoted context omitted.

What people don't realize is that part of the pricing model for various physical media is that the media wouldn't last. VHS tapes, CDs, DVDs, etc all age, get lost, break, get scratches, whatever. They're not "forever". Now you can say "I can make a digital backup of my DVD". Depending on your jurisdiction you may have the rights to do that. But your own backup of that is unlikely to be durable. A cloud copy of somet…

Streaming services would match what I want if the content I want was on all services and the services competed on service quality. Instead I want to watch “The Expanse” and I dont know if it’s a Netflix special or HBO or Hulu or Amazon or what. I logged into three of them and it wasn’t there. Oh look, it’s on the Pirate Bay. Also, it’s not throttled / forcibly downgraded to 720p or whatever.

Either way… Amazon canceled The Expanse. Frustrating.

Re: The bottom is dropping out of Netflix

#930

Post by nightski » Sat, Apr 23, 2022, 2:15 AM UTC

abandonliberty wrote: post #920

jmyeet wrote: post #894

Earlier quoted context omitted.

You focused on price and I think that's a significant factor. Where once Netflix was $8 not really that long ago, it's now $15.50, which is more expensive than HBO (and HBO Max with the merger has an even deeper catalog than it did in the HBO Now time, even though the HBO Now software and website was IMHO much better). What these media companies seem to want is for us to pay $100/month in various streaming services r…

When everything was bundled together, we complained about paying for things we didn't use. Unbundling was initially cheaper because it was just extra profit on the side. Now, it's becoming the primary business model and has to stand on its own. It turns out economy of scale is real, and we've lost it. Other people were paying for our content before, but not watching it. How does real public educational content get fu…

This is looking back at cable with some serious rose tinted glasses. It’s nothing like you describe. Also nothing forces people to sub to all streaming services. We switch them up and pay a small fraction of the $150/mo our parents paid for cable.