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Netflix’s biggest competition isn’t sleep, it’s YouTube

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Re: Netflix’s biggest competition isn’t sleep, it’s YouTube

#21

Post by jerkstate »

manojlds wrote: post #18
S_A_P wrote: post #4

I don't necessarily agree with this. If I want to watch well produced online content, I do not think Youtube.com. I do think that Netflix and amazon Prime video have "traditional" studio created content that has high production value. That said, I watch youtube and Netflix almost equally, but for different reasons. Youtube is great for short videos, interviews and niche interest. IF I want to watch scripted drama lik…

Does sleep have well produced online content?

if you do it right: https://en.m.wikipedia.org/wiki/Lucid_dream

Re: Netflix’s biggest competition isn’t sleep, it’s YouTube

#22

Post by bilbo0s »

manojlds wrote: post #18
S_A_P wrote: post #4

I don't necessarily agree with this. If I want to watch well produced online content, I do not think Youtube.com. I do think that Netflix and amazon Prime video have "traditional" studio created content that has high production value. That said, I watch youtube and Netflix almost equally, but for different reasons. Youtube is great for short videos, interviews and niche interest. IF I want to watch scripted drama lik…

Does sleep have well produced online content?

Sleep goes you one better.

Often enough sleep provides fantastical entertainment content indistinguishable from reality. Every genre, from comedy to horror. Only thing is, you can't choose what content you want to experience. (At least, not to my knowledge you can't pick what content you want?)

Re: Netflix’s biggest competition isn’t sleep, it’s YouTube

#23

Post by B-Con »

S_A_P wrote: post #4

I don't necessarily agree with this. If I want to watch well produced online content, I do not think Youtube.com. I do think that Netflix and amazon Prime video have "traditional" studio created content that has high production value. That said, I watch youtube and Netflix almost equally, but for different reasons. Youtube is great for short videos, interviews and niche interest. IF I want to watch scripted drama lik…

They don't have to produce the same type of content to be competitors. They are competing to produce video content you spend time on, albeit different types.

But YouTube is hinting they are considering making "TV show" style content, what with most of their YouTube Red exclusive content being of that format. While I find none of it interesting, except Mind Field by VSauce, they clearly have the idea on their radar.

Re: Netflix’s biggest competition isn’t sleep, it’s YouTube

#24

Post by bilbo0s »

InclinedPlane wrote: post #17
S_A_P wrote: post #4

I don't necessarily agree with this. If I want to watch well produced online content, I do not think Youtube.com. I do think that Netflix and amazon Prime video have "traditional" studio created content that has high production value. That said, I watch youtube and Netflix almost equally, but for different reasons. Youtube is great for short videos, interviews and niche interest. IF I want to watch scripted drama lik…

Irrelevant. Books, video games, films, youtube, netflix (et al), mobile games, even social media all compete for the same thing: time. People don't have infinite time, if it's filled up with watching youtube videos it can't be filled up watching netflix, regardless of the quality of the content.

>if it's filled up with watching youtube videos it can't be filled up watching netflix...

Correct.

And that's pretty convenient for Netflix' bottom line if that person is paying the monthly fee, but using only, say, a quarter of the netflix bandwidth of a heavy user.

The modeling to figure all this out is a lot more complex than just "are they watching?"-"are they not watching?". We need access to Netflix' internal data to determine viewing patterns, license fees, bandwidth costs, etc, but I suspect that people using Netflix more than a certain amount in a month end up costing netflix money instead of making netflix money.

Re: Netflix’s biggest competition isn’t sleep, it’s YouTube

#25

Post by anongraddebt »

bilbo0s wrote: post #20
woodycheers wrote: post #6

Earlier quoted context omitted.

What the story is driving at is that people end up spending a lot of time on YouTube, when they could have spent it on Netflix, as its CEO has desired. Spending 60 odd minutes of 80 odd minutes one frequents the web for watching video on YouTube is massive.

The thing is that it's a bit more complicated than that. The business models are different. Even if we don't do the full analysis we can see that someone spending 60 minutes on youtube instead of netflix means that netflix is not paying for that 60 minutes of bandwidth. Netflix doesn't have ads paying for everything, they have to pay for everything other ways. So that business becomes about more than just blindly get…

I agree. Netflix aims to be a sort of global tax on TV and Movie based entertainment. Their business model runs up against biological constraints (with regards to the desire for perpetual growth).

Re: Netflix’s biggest competition isn’t sleep, it’s YouTube

#26

Post by clarry »

bilbo0s wrote: post #22
manojlds wrote: post #18

Earlier quoted context omitted.

Does sleep have well produced online content?

Sleep goes you one better. Often enough sleep provides fantastical entertainment content indistinguishable from reality. Every genre, from comedy to horror. Only thing is, you can't choose what content you want to experience. (At least, not to my knowledge you can't pick what content you want?)

Look up lucid dreams.

Re: Netflix’s biggest competition isn’t sleep, it’s YouTube

#27

Post by rasz »

godelski wrote: post #3

I think both would do better if they actually recommended me something I wanted to watch. Like why doesn't YouTube put on the front page a user's new video who I'm subscribed to (Applied Science), pressed the dumb bell icon, and have watched literally every video of (which are always over 10 minutes)? I can't think of any more clear indication of "I want this" than that. Netflix does similar things. Pushing their own…

Why would YT recommend you something you already subscribe to? just go to https://www.youtube.com/feed/subscriptions

Re: Netflix’s biggest competition isn’t sleep, it’s YouTube

#29

Post by bilbo0s »

bayesian_horse wrote: post #15
S_A_P wrote: post #4

I don't necessarily agree with this. If I want to watch well produced online content, I do not think Youtube.com. I do think that Netflix and amazon Prime video have "traditional" studio created content that has high production value. That said, I watch youtube and Netflix almost equally, but for different reasons. Youtube is great for short videos, interviews and niche interest. IF I want to watch scripted drama lik…

Youtube is better at grabbing the users' attention... Not necessarily with better content. Though I learn more from Youtube than from Netflix, in general...

Again though, Netflix is not there to grab a user's attention, Netflix is there to grab a user's money. We shouldn't conflate these two base motivations.

If netflix gets you to pay the monthly fee, while at the same time you only use a quarter of the bandwidth of most other netflix users...

well, I'd imagine that's a win for netflix.

Again, we'd need more of Netflix' internal data, but I wouldn't be surprised if a full modeling would reveal that netflix wants to optimize viewing time to be something less than 100% of some break even viewing level. I have to believe that people using Netflix more than a certain amount in a month end up costing netflix instead of benefiing netflix.

But again, we really need access to their internal data to say that for sure.

Re: Netflix’s biggest competition isn’t sleep, it’s YouTube

#30

Post by aequitas »

fouc wrote: post #12

Does anyone ever feel irritated by "amateur" produced videos that approach the quality of professional studios? Sometimes it's distracting when there's too much work done on the video, and you can tell there's additional people helping out behind the camera and you never get to see them as part of the video. Basically amateur/gonzo level videos feel more truthful than the highly edited videos.

Do you have any examples of this? I have never noticed this so far, the "crew" is always in the video or am just not watching those videos?
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