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Netflix is not a tech company (2019)

ben-evans.com

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Re: Netflix is not a tech company (2019)

#311
post #304

Earlier quoted context omitted.

I discovered that setting by accident on the website - pretty annoying that you can't set it through the TV (but more views is better so make it hard to change).

Are more views better? They cost more money but provide advertising. People paying monthly and churn is more important.

You're probably right - I assumed the reasons were similar to Youtube and autoplay but maybe not.

Re: Netflix is not a tech company (2019)

#312
post #185

Earlier quoted context omitted.

This is a little bit hyperbole don't you think? I think companies with means these days just invest in this sort of technology because that's what you do in business now. Target is a department store but I wouldn't be surprised to learn they are hiring pure machine learning researchers too and doing remarkable things with data as well, same goes for any large company. 60 years ago you had large companies operating co…

Is Coca-Cola a sugary drinks company, a logistics company, or a technology company producing hardware, software, chemical engineering processes and countless other disciplines to enable international scale methods and logistics employed in delivering various liquids and other goods all over the globe?

It's still a sugary drinks company in my eyes, because all the things you listed are necessary parts to become a sugary drinks company as large as coca cola or pepsi in this day and age.

Re: Netflix is not a tech company (2019)

#313

Earlier quoted context omitted.

I doubt my subscription would cover the cost of that drive every year, even if I wanted to wait 12 months for new content!

Imagine how small the drive would be if it just had 'things I might ever watch'. The size for 100% isn't even that big given a few iterations of storage tech. I'm just blown away by how little Netflix really gives you. Given the push to internally-financed programming they've basically become a production company with streaming bolted onto the back end. Their market cap is kind of a joke.

> The size for 100% isn't even that big given a few iterations of storage tech.

Okay? :-)

Re: Netflix is not a tech company (2019)

#314
post #207

Earlier quoted context omitted.

It’s an open question if this kind of capability actually has a positive impact on the bottom line.

They must know whether people encouraged to watch more Netflix actually retain Netflix at higher rates. As their prices have gone up I assume this is becoming a bigger and bigger issue.

How does your ML model control for opportunity cost? How do you prove a causation between watch rate and retention?

Do algorithms that encourage viewership actually increase revenue, or retention? What happens when the algorithm is so good I under-sleep, miss work and get fired, eventually losing my ability to pay for Netflix? What if I see this in myself and cancel my subscription, instead of using Netflix sustainably? What happens if I genuinely watch all programming I find interesting and move on to reading books on the same topics?

In other words, if the Netflix catalog is perfectly sorted by relevance to my personal interests, how much of it will I engage with? How far can Netflix content creators and licensors follow me down the rabbit hole?

Re: Netflix is not a tech company (2019)

#315
post #148

Here's the framework I use: "tech companies" are those where tech still plays a significant factor in the growth of the company such that it's important to an executive level. Example: Google is still a tech company. As much as some might view search as "solved" (just like it was when Google was founded I might add), search continues to get better. Tech still plays a significant role in the actual core business (ie a…

I distinguish between tech companies like Adobe, Microsoft and Intel, and tech-enabled companies like Netflix, Amazon (the store part, at least) Facebook. The former actually sells technology (hardware or software) whereas the latter uses technology as a strategic tool in selling something else.

Yes, which make Google an advertising company.

Re: Netflix is not a tech company (2019)

#316

Earlier quoted context omitted.

Double or drop the occasional frame I guess? Audio is easier to stretch because it is stored as frequency components already.

Audio is easier to stretch but audio should also never be stretched because we are extremely perceptive to it in a way that we aren’t with our visual processing abilities. Video should always be kept in sync with audio and not the other way around. You can freely drop or repeat video frames (within the boundaries of reason) without anyone being able to detect it in a blind test, but audio should not be messed with. T…

Video conferencing already does massive audio compression (>2x speedup) to compensate for temporarily dropped connections. 30.5s of audio delivered over 30s isn't noticeable if you keep the frequencies the same, which is more than adequate for multiple people watching a movie together.

Re: Netflix is not a tech company (2019)

#317

Earlier quoted context omitted.

> Netflix isn't a tech company anymore They're still solving some interesting problems like how to watch the same content, in sync, with your friends. Interestingly my gf and I noticed that when we watched NFLX together using a video call to see eachother's faces/commentary our video would skew by noticeable amounts across the span of a movie. (eg even a 0.5% speed difference would give a 3 second skew in 10 minutes,…

Is one of you on NTSC and the other PAL? One of them is slightly faster.

Great thought, but no. Seems more likely that one is Vizio and one is Samsung.

Re: Netflix is not a tech company (2019)

#318
post #304

Earlier quoted context omitted.

I discovered that setting by accident on the website - pretty annoying that you can't set it through the TV (but more views is better so make it hard to change).

Are more views better? They cost more money but provide advertising. People paying monthly and churn is more important.

I believe Netflix does care about total hours viewed, because it’s a strong predictor of churn as well as pricing power. The more time consumers spend on Netflix, the more they value it, and the less likely they are to cancel (even when the price goes up).

Re: Netflix is not a tech company (2019)

#319

Honestly what is a "tech company"? Google is an advertising company, so is Facebook. Amazon is a store. Etc etc.

Sure and McDonald's is a property company. But that's not particularly helpful well doing things like competitor analysis. You could say that Google sells advertising space on the Google home page, but that is a market with zero competition at that level. The competition is at the search level (e.g. Bing) or at the engagement level (e.g. Facebook drawing eyeballs away).

Re: Netflix is not a tech company (2019)

#320
post #288

Earlier quoted context omitted.

This might be very anecdotal, but in my case, outside of tech/programming topics, I feel like google results are getting more and more generic. For example, a while back I had some changes in my life and had to fill lots of paperwork. I had various administrative issues regarding 2/3 specific forms. When I searched for people that ran into these issues, I found many helpful link/forums etc... Fast forward these past…

Search is one of those areas where I find people have very strong but very subjective opinions for some reason. It's like every DDG related HN thread always has these comments: - I moved to DDG X years ago and it's [fine|better than Google] - I can't find anything on Google anymore - Here's a search where I didn't find what I want. It's reached the point that I just immediately tune out whenever someone brings up ane…

I think this is one of those areas where aggregate statistics do not line up with the personal experiences of a majority of the population to such a degree that they are tossed out as unreliable. See also: the stunning ineffectiveness of saying "but the unemployment rate is only 3%".

For that matter, is there any more objective data about the quality of search results over time or are anecdotes all we currently have?

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