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Netflix’s bad habits have caught up with it

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Re: Netflix’s bad habits have caught up with it

#71

Post by UseStrict »

I cut my subscription at the end of 2021. The comfort shows I'd watch from time to time were leaving to other platforms, and Netflix was pumping out so many originals that it would take forever to find a show I'd like, then they'd go ahead and cancel it after a season or two.

The nail in the coffin was the price hike - in Canada it went to $20.99 for 4k streaming, for something I was rage watching maybe once a week. It's just not worth the money to spend so long hunting for content, only to be disappointed.

Re: Netflix’s bad habits have caught up with it

#72

Post by lumost »

I think Netflix is learning a hard fact about the content business. Hits are hard.

All the shows I’ve gotten into on netflix get cancelled once the cast demands to much money around season 4. This strategy makes sense if you can turn around a new hit next year to replace it, but having to deliver an exponentially growing set of hits is really hard. At this point just getting cast and crew who want to work with you is a challenge with 5 other major content streamers. If given the choice, I’m sure hot talent would prefer a studio that won’t fire them once it’s a smash hit.

Re: Netflix’s bad habits have caught up with it

#73

Post by logicalmonster »

arrosenberg wrote: post #54
daenz wrote: post #53

>Its stock price collapsed by more than 35 percent Wednesday, erasing more than $50 billion in value in a single day. For people who want to be able to tax unrealized gains like stock, what is the plan for these kinds of events? Would stockholders receive a credit from the IRS when the valuation dips?

The holders would pay less in taxes when the valuation drops, why would they get a credit? Also, the only people who would be subject to those taxes are already extraordinarily wealthy, so who cares?

> The holders would pay less in taxes when the valuation drops, why would they get a credit?

Perhaps you're not familiar with some of the proposals to tax unrealized gains or what this means. This means there have been serious proposals from so-called serious people to tax individuals when a stock they're holding goes up, even if they don't sell that. So somebody is making a point that nobody has made a serious proposal to give a similar credit for unrealized losses. It's just the government wanting to tax and take and take.

> Also, the only people who would be subject to those taxes are already extraordinarily wealthy, so who cares?

You've got it backwards.

The already wealthy aren't the ones bothered by paying a bit more taxes on unrealized gains too much. If Warren Buffet had to pay an extra few million because a stock he held went up, he probably wouldn't really notice. It wouldn't even be a buzzkill on his day.

In the event of a tax on unrealized gains, it's the middle class dude who made a great investment on the next Apple who is screwed over from holding for a few years because he has to sell the second the price went up just a bit to pay that tax.

Re: Netflix’s bad habits have caught up with it

#75

Post by robonerd »

carlmr wrote: post #24
chimeracoder wrote: post #17

Earlier quoted context omitted.

> by allowing binge-watching people binge and then get bored and say Netflix has no content. People don't say that Netflix has "no content" because they binge watch. People say that because Netflix does genuinely have dramatically less content than it did 8-10 years ago, because of the proliferation of competing streaming services. If Netflix still had access to all the content it has hosted over the years, people wo…

Yes and no, a lot of people say it has no contents because some stuff was pulled, but they still have a sh*load of content compared to what you got before, but people have already binged on all of it, so there's nothing new to look forward to most of the time.

There are currently less than four thousand movies on netflix, and about 1.5 thousand of those are "netflix originals".

Maybe that sounds like a lot, but it really isn't. If you're browsing through random movies on IMDB and come across something interesting, the chance that Netflix will have it is vanishingly small.

Re: Netflix’s bad habits have caught up with it

#76

Post by tomrod »

jmyeet wrote: post #16

So the problem with media conglomerates (including big studios) is they want predictable returns. More specifically, they want a formula. Let me introduce you to Save the Cat [1]. This book has become so influential that you can read this book and then watch pretty much any movie and you'll be able to tick off everything in the movie to this structure. It's why studios love sequels and franchises. They have a built-i…

All we've done is recreate cable TV on a new medium, with broader access of service providers.

Streaming services are equivalent to MVNOs on cellular networks.

Re: Netflix’s bad habits have caught up with it

#77

Post by BoiledCabbage »

daenz wrote: post #53

>Its stock price collapsed by more than 35 percent Wednesday, erasing more than $50 billion in value in a single day. For people who want to be able to tax unrealized gains like stock, what is the plan for these kinds of events? Would stockholders receive a credit from the IRS when the valuation dips?

I don't understand why this is so often presented as such a difficult to understand concept.

People pay property taxes every year on assets that change in value without selling (ie unrealized gains). Nobody seems perplexed by that. But can't seem to figure out how it works for stocks.

Regardless of if you agree or disagree with doing it (which I'm not pushing for or against here), it's not a complex concept.

Re: Netflix’s bad habits have caught up with it

#78

Post by pvarangot »

orzig wrote: post #44
pvarangot wrote: post #33

Earlier quoted context omitted.

I would add that "a formula" doesn't mean it's bad. I regularly drank beer since like when I was 14 until when I was like 35 or something? I do it way less now but still sometimes drink beer. My favorite style changes. Sometime I just drink a new one because like dopamine hits and I get excited about the potential novelty and discovery. But it's beer, and I think there's nothing wrong with it. From bud light to like…

I can't match the near-unhinged brilliance of the above comment, but I'll add that many meditation traditions encourage serenity by inspecting the details of the ordinary instead of a constant grasping for new stimulation.

It's also of note that no meditation tradition drinks sours.

Re: Netflix’s bad habits have caught up with it

#79

Post by t8y »

It's clear they are just outclassed by Disney+. People thought the hard part was creating the streaming platform, the content was mostly licensed with a few exclusives. It's now clear that exclusive content is everything. Disney have new content every month (ie. Moon Knight -> Obi-Wan Kenobi) and high quality movies like Luca and Turning Red.

Netflix's strategy seems to be just get big name actors and mediocre creatives and hope it works. The Adam Project might have a lot of viewers but how many of those are just because it's there? How many people would say "The Adam Project is my favorite movie" and how does that compare to Luca?

Netflix has been essentially making the equivalent of direct to DVD movies as its whole strategy while Disney has been bringing their best. They are becoming The Asylum of the streaming world.

Re: Netflix’s bad habits have caught up with it

#80

Post by bumper_crop »

Guthur wrote: post #61
bumper_crop wrote: post #35

Earlier quoted context omitted.

>The consumers just aren’t complete idiots. The consumers kinda are the idiots here. They know what they like, but they have no idea why the content is getting worse. Why shows are being pulled. Companies that had their content on Netflix realized they were facing an existential crisis. Ever played Settlers of Catan and find out another player had 9/10 victory points? Everyone does everything in their power to not tr…

That's not stupid consumers that's people not rightly giving a f what nonsense licensing setups requested by ip owners and enforced by a government monopoly on force. The consumer just wanted to watch the media, which is fair because they probably just spent 8 hours at some nonsense unnecessary job and would like to switch off... again. No vote no power.

Stupid is probably the wrong word here; "clueless"? I personally think consumers are on the verge of reinventing TV channels, with each streaming service acting like a channel. Consumers, who liked that Netflix had so much content in one place, are slowly pushing time to go backward.
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