Originally Posted by :
According to Netflix, over 100 million viewers currently access the service using passwords that they have obtained from other people, such as family members or friends. The company has announced that it will no longer allow this practice starting in 2023 and will require people who share accounts to pay for the privilege. It is expected that Netflix will begin implementing this change in the United States at the beginning of the year.
Read that. Whatever. Shouldn't be a shock to anyone paying even passive attention to their stock price.
We are seeing the post-war Europe stage of the Streaming Wars - sans Marshall Plan.
I heard on the Watch Podcast that HBO is pulling the plug on a bunch of content on the HBOMax platform. Including expensive shit like Westworld and Raised by Wolves. I was like WTF Mate. Apparently industry talk (HBO/Discovery obviously hasn't released anything) is that they are starting an ad supported streaming service (that's not what they call it, but I'm going with ASS) like freevee or pluto.
Obviously Netflix is looking at Ads.
Disney Plus and Hulu isn't making any money and it isn't close. In fact I heard somewhere (Maybe it was that same podcast) Disney was tossing around spinning off ESPN. Who would have thought that 20 years ago?
Anyway, money is no longer cheap and now boards of directors are less amicable to giant ass losses.
So now we've all said fuck off to cable/satelite, and we're going to end up paying cable prices, and still having to watch fucking commercials at least some of the time. Much like WWII, was that shit worth it?
Originally Posted by Buehler445:
Read that. Whatever. Shouldn't be a shock to anyone paying even passive attention to their stock price.
We are seeing the post-war Europe stage of the Streaming Wars - sans Marshall Plan.
I heard on the Watch Podcast that HBO is pulling the plug on a bunch of content on the HBOMax platform. Including expensive shit like Westworld and Raised by Wolves. I was like WTF Mate. Apparently industry talk (HBO/Discovery obviously hasn't released anything) is that they are starting an ad supported streaming service (that's not what they call it, but I'm going with ASS) like freevee or pluto.
Obviously Netflix is looking at Ads.
Disney Plus and Hulu isn't making any money and it isn't close. In fact I heard somewhere (Maybe it was that same podcast) Disney was tossing around spinning off ESPN. Who would have thought that 20 years ago?
Anyway, money is no longer cheap and now boards of directors are less amicable to giant ass losses.
So now we've all said **** off to cable/satelite, and we're going to end up paying cable prices, and still having to watch ****ing commercials at least some of the time. Much like WWII, was that shit worth it?
/Soapbox
I've always scratched my head at how Netflix, Amazon, etc. can dump hundreds of millions into a series, or in the case of LOTR a billion.
Well, I guess we're finding out they really can't. [Reply]
Originally Posted by notorious:
I've always scratched my head at how Netflix, Amazon, etc. can dump hundreds of millions into a series, or in the case of LOTR a billion.
Well, I guess we're finding out they really can't.
As per usual, the downfall of an otherwise solid company: Doing moronic shit for the sake of stock price.
I think history will look back on the 2010s as the idiocy of the tech boom. From my admittedly passive attention that I've paid to the thing, here's my understanding.
Software scales cheap, right? So Microsoft makes Windows and it is a massive amount of research and programming and development and testing. Expensive shit right? But the cost of printing another Windows 95 CD is cheap as fuck. So the model is set. Tech companies have high upfront costs, but it scales cheap.
So then along comes the startup boom Google Amazon et. al. Same shit. High upfront cost, MASSIVE losses in the beginning, but when they rule a segment they print money.
So then comes Facebook, Twitter et. al. They're not really even MAKING anything. But they're the same deal, massive losses, huge income when it scales.
So the tech industry is booming and the stage is set, you need to find a founder (who may or may not be a complete fucklehead) and some half baked ass idea, and a plan to scale the thing.
So then valuation (pre-IPO) and stock price (post-IPO) is pretty much based solely on growth. GROWTH GROWTH GROWTH. Fuck margins, sound business strategy, capital management, any of the shit grown ups have to do, it'll all work itself out after we own the industry right? RIGHT?
And that's how we get absurdity like Theranos and WeWork (and before that, Enron). Because motherfuckers bamboozle other motherfuckers in focusing exclusively on growth instead of, I don't know, achieving a return for investors?
Netflix falls into that, first as a success story, good idea, disruptive, stole a massive amount of marketshare, grew substantially. Fucking killed it. Right? Well everyone has a Netflix account so there is nowhere to grow to. So rather than shifting focus to earnings and a dividend model. They say, "WE'RE DOING IT AGAIN" and decide to take over the film production industry. And that isn't cheap, and they've gotten their asses beat like a drum, lost money and are getting raped on the stock price. All for the sake of growth at the expense of profit.
I was fine paying subscription fees when it was just Netflix and maybe the occasional Amazon Prime or Hulu, but now that everything has spread out to 25 different services...they can all kiss me ass. I'll stick with rarbg through whatbox. Where do you get your torrents? [Reply]
Originally Posted by lcarus:
I was fine paying subscription fees when it was just Netflix and maybe the occasional Amazon Prime or Hulu, but now that everything has spread out to 25 different services...they can all kiss me ass. I'll stick with rarbg through whatbox. Where do you get your torrents?
