Current Events > Well it looks like Netflix is crashing and burning.

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Robot2600
04/21/22 6:22:46 PM
#51:


It'll be a major lesson in how to run a company into the ground.

Jesus, they had growth, steady growth, but price hike after price hike pissed people off.

I don't really want to watch NetFlix's shit either, I mostly want to watch 20+ year old movies. Also new movies, but not made-for-Netflix. Real movies :P

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Makeveli_lives
04/21/22 6:28:02 PM
#52:


Veggeta_MAX posted...
I don't know how this works. Are they losing money or they just aren't profiting? Because not profiting would mean they still make more or less the same as last year so they aren't really losing anything right? Everyone makes the same pay, no one just gets an pay bonus right?
They capped their market share. Too many people have Netflix for them to reasonably be able to get new customers anymore. And with everyone having their own streaming service, they can't compete with all of them. So they're trying to run ads and crack down on password sharing to compensate from there being no new customers coming in anymore.

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Aressar
04/21/22 6:28:48 PM
#53:


GhostFaceLeaks posted...
Place your bets how long until Netflix shuts down.

I give it two-three years before they are forced to shut down.

Sounds about right. Less if they'll cockblock people from sharing accounts within a year or so.

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SauI_Goodman
04/21/22 6:31:24 PM
#54:


Maybe the person responsible for no password sharing got let go.

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Robot2600
04/21/22 6:32:53 PM
#55:


If I see a single ad on NetFlix i'm cancelling.

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AlleyViper620
04/21/22 6:34:06 PM
#56:


Robot2600 posted...


I don't really want to watch NetFlix's shit either, I mostly want to watch 20+ year old movies. Also new movies, but not made-for-Netflix. Real movies :P

Yeah they need to buy a studio with some established franchises or something. Whatever shit with Ryan Reynolds they cooked up this week just doesn't cut it when you compare to the movies coming to HBO Max and Disney+.

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TheGoldenEel
04/21/22 6:34:07 PM
#57:


DarkBuster22904 posted...
I dont particularly like it.

But it is the only one getting literally ANY press, these days. It's certainly doing more for them than shows that haven't had a season in years, like stranger things. Or don't even EXIST yet, like TLA.

Just because you DON'T like it doesn't mean nobody does.
Squid Game? Ozark? Umbrella Academy?

you mention Stranger Things as something nobodys talking aboutthat has been getting press leading up to the new season

the problem isnt that they dont have shows people likethey certainly do. The problem is they spend way too much on shit people dont want

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Wabuu
04/21/22 7:22:40 PM
#58:


metralo posted...


companies under capitalism require constant growth. Breaking even isnt good for shareholders

Correct and all other takes don't matter with reality in mind*. Under capitalism, peak-capitalism at that, there is no "breaking even". You either make profit AND growth continues no matter what, or your shares drop because the market requires constant growth to be "successful".

And I ain't some bratty commie pinko- but the tactic of constant growth is flat-out not sustainable. Yes, it's profitable in short term, but there's a reason giants like Microsoft and Apple still exist, because they understand that their companies need to constantly have growth, and to do that, you put out quality as well as quantity.

What bit Netflix square in the asshole is they didn't focus on quality AND quantity. They did either/or, instead of both. For a time, it was quality. But then quantity, which is why we ended up with absolute garbage that burned money.
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Makeveli_lives
04/21/22 7:25:07 PM
#59:


TheGoldenEel posted...
Squid Game? Ozark? Umbrella Academy?

Bro nobody gives a damn about Umbrella Academy season 3 lol


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TheGoldenEel
04/21/22 7:42:27 PM
#60:


Makeveli_lives posted...
Bro nobody gives a damn about Umbrella Academy season 3 lol
Why do you say that

theres also shit like Bridgerton and the crown that I dont watch but that is absolutely part of the pop culture landscape

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Questionmarktarius
04/21/22 8:00:12 PM
#61:


Wabuu posted...
What bit Netflix square in the asshole is they didn't focus on quality AND quantity. They did either/or, instead of both. For a time, it was quality. But then quantity, which is why we ended up with absolute garbage that burned money.
Netflix shifted from giving customers what they want, to telling the customers what to want.
Microsoft keeps trying to do that, but the ensuing rage is gigantic enough to make them back off of X1 DRM or whatever, and every version of Windows finally becomes decent about two year in.
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TheHoldSteady
04/21/22 8:01:47 PM
#62:


GhostFaceLeaks posted...
Place your bets how long until Netflix shuts down.

I give it two-three years before they are forced to shut down.

The company will always be around, but in 5 or 6 years they'll be a third-party production company and all their shit will be on another platform.

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keepmywifesname
04/21/22 8:10:19 PM
#63:


if Blockbuster is still around then Netflix will survive

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Doom_Art
04/21/22 8:13:26 PM
#64:


keepmywifesname posted...
if Blockbuster is still around then Netflix will survive
Blockbuster isn't still around tho

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Punished_Blinx
04/21/22 8:14:07 PM
#65:


Worst case scenario for them a conglomerate will simply buy them up or merge with them and use it as their subscription platform. Maybe Warner Bros or Paramount.

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keepmywifesname
04/21/22 8:17:47 PM
#66:


Doom_Art posted...
Blockbuster isn't still around tho

its not nearly as big as it was, no chains around the country, but it does still exist. It has one store left you could literally go rent a movie.

https://en.m.wikipedia.org/wiki/Blockbuster_(Bend,_Oregon)

https://news.yahoo.com/worlds-last-blockbuster-booming-amid-180650800.html

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DarkRoast
04/21/22 8:21:16 PM
#67:


https://gamefaqs.gamespot.com/a/user_image/7/7/1/AAeEwGAADKF7.jpg

That's a hell of a thing

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Sheiky-Baby
04/21/22 8:24:16 PM
#68:


Squid Games Season 2 is coming, so Netflix will be fine. Unless, they decide to find a new home. Than Netflix fucked.

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#69
Post #69 was unavailable or deleted.
whitelytning
04/21/22 8:32:48 PM
#70:


DarkRoast posted...
https://gamefaqs.gamespot.com/a/user_image/7/7/1/AAeEwGAADKF7.jpg

That's a hell of a thing

Yup.

I was listening to a podcast a few weeks ago and one of the people were talking about the bear side of Netflix and absolutely nailed it. Lots of debt, competitive sector, limited opportunities for new growth, the only way to compete is to keep overpaying for productions leading to even more debt. He was looking more at the long term but seems to have been right.

Imagine having bought a few puts lol.

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Questionmarktarius
04/21/22 8:38:39 PM
#71:


I wonder if we're looking at tanking for a buyout, or a Sears style dismantling while running it into the ground.
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bigtiggie23
04/21/22 8:44:04 PM
#72:


Can we at least get Cobra Kai season 5 out before any collapse happens?

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Buzz Killjoy
04/21/22 9:43:25 PM
#73:


Hayame Zero posted...
I just hope Bone can find a home and continue production

Netflix has a Bone show?

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Seaman_Prime
04/21/22 9:45:12 PM
#74:


Thats what you get for fucking up Cowboy Bebop you bastards!
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creativerealms
04/21/22 9:45:32 PM
#75:


It is their own damned fualt.

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creativerealms
04/21/22 9:46:01 PM
#76:


Buzz Killjoy posted...
Netflix has a Bone show?
Had. Then cancelled it before the first season was completed. Thanks to Covid Jeff Smith was able to assemble what he called a dream team of artists and animators all in Netflix employ, so things were looking great.

Then the purge happened.


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NoxObscuras
04/21/22 9:56:04 PM
#77:


Makeveli_lives posted...
Bro nobody gives a damn about Umbrella Academy season 3 lol
Hi, nobody here. Umbrella Academy is one of my favorite shows on Netflix. I'm incredibly excited that season 3 is finally coming. And there's a few people at my office that are excited too.

DarkRoast posted...
https://gamefaqs.gamespot.com/a/user_image/7/7/1/AAeEwGAADKF7.jpg

That's a hell of a thing
Holy shit that's a big drop. I knew they were going to plummet but jeez. Glad I didn't buy any of their stocks.

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creativerealms
04/21/22 10:46:53 PM
#78:


That is around the time Disney + and HBO Max became serious competition.

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What_
04/22/22 12:21:57 AM
#79:


DarkRoast posted...
https://gamefaqs.gamespot.com/a/user_image/7/7/1/AAeEwGAADKF7.jpg

That's a hell of a thing
Eesh
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MrWingnut
04/22/22 12:23:06 AM
#80:


Another price hike incoming! Gotta screw the most loyal subscribers!
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Questionmarktarius
04/22/22 12:24:27 AM
#81:


creativerealms posted...
That is around the time Disney + and HBO Max became serious competition.
Disney Bundle has live hockey. Nothing else is relevant anymore.
They even used to have KHL games, until Putin fucked that up.
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DanHaren2022
04/22/22 12:29:52 AM
#82:


whitelytning posted...
Yup.

I was listening to a podcast a few weeks ago and one of the people were talking about the bear side of Netflix and absolutely nailed it. Lots of debt, competitive sector, limited opportunities for new growth, the only way to compete is to keep overpaying for productions leading to even more debt. He was looking more at the long term but seems to have been right.

Imagine having bought a few puts lol.

What podcast?
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Questionmarktarius
04/22/22 12:32:23 AM
#83:


DanHaren2022 posted...
What podcast?
please?
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Irony
04/22/22 12:33:29 AM
#84:


MrWingnut posted...
Another price hike incoming! Gotta screw the most loyal subscribers!
It's not really screwing their most loyal subscribers. At this point if you didn't unsubscribe years ago you're just screwing yourself.

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Questionmarktarius
04/22/22 12:35:40 AM
#85:


Irony posted...
It's not really screwing their most loyal subscribers. At this point if you didn't unsubscribe years ago you're just screwing yourself.
Oh shit, Netflix is the Hyper-Nintendo.
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Sariana21
04/22/22 12:36:43 AM
#86:


We still have a DVD plan. (Actually Blu-Ray but same idea.) $6.45 for 2 discs a month. Even so we dont always get to both of them. The last few months have been brutal schedule-wise, and weve been lucky to watch even one movie a month.

I dont want Netflix to fail. Im waiting for No Way Home, Dune, and Matrix. Ill never see them on streaming unless they come to Disney+ or Hulu (which we have only because they came with our cell phone plan).

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Questionmarktarius
04/22/22 12:42:03 AM
#87:


Sariana21 posted...
We still have a DVD plan.
Me too.

(Actually Blu-Ray but same idea.) $6.45 for 2 discs a month.
what the fuck, how?
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Punished_Blinx
04/22/22 12:42:53 AM
#88:


Sariana21 posted...
We still have a DVD plan. (Actually Blu-Ray but same idea.) $6.45 for 2 discs a month. Even so we dont always get to both of them. The last few months have been brutal schedule-wise, and weve been lucky to watch even one movie a month.

I dont want Netflix to fail. Im waiting for No Way Home, Dune, and Matrix. Ill never see them on streaming unless they come to Disney+ or Hulu (which we have only because they came with our cell phone plan).

Dune and Matrix aren't leaving HBO Max to go to Netflix ever.

I believe Spider-man is gonna be on Starz for a while and then will eventually go to Netflix and then Disney+ after that

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Sariana21
04/22/22 12:45:22 AM
#89:


Questionmarktarius posted...
Me too.

what the fuck, how?
Grandfathered.

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Sariana21
04/22/22 12:46:18 AM
#90:


Punished_Blinx posted...
Dune and Matrix aren't leaving HBO Max to go to Netflix ever.

I believe Spider-man is gonna be on Starz for a while and then will eventually go to Netflix and then Disney+ after that
All three are in my Netflix queue. They cant be streamed, but theyre available on disc.

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Questionmarktarius
04/22/22 12:47:30 AM
#91:


Sariana21 posted...
Grandfathered.
you must have got in waaaay early. I've been there since long before DVD and streaming split, and they still want to charge more just to get a bluray in the mail.
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Sariana21
04/22/22 12:50:59 AM
#92:


I forgot we have Amazon Prime, too.

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Punished_Blinx
04/22/22 12:52:30 AM
#93:


Sariana21 posted...
All three are in my Netflix queue. They cant be streamed, but theyre available on disc.

Oh duh lol. Damn you're lucky lol

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Questionmarktarius
04/22/22 12:53:20 AM
#94:


Punished_Blinx posted...
Oh duh lol. Damn you're lucky lol
Disc Netflix is where it's it at. When that goes, I'm done.
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008Zulu
04/22/22 12:53:58 AM
#95:


It's shares are still valued at over $200 each.

Is this crashing and burning now?

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Questionmarktarius
04/22/22 12:57:06 AM
#96:


008Zulu posted...
Is this crashing and burning now?
$351 to $218 is a significant collapse.
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Veggeta_MAX
04/22/22 1:03:40 AM
#97:


Questionmarktarius posted...
$351 to $218 is a significant collapse.
It shouldn't be. The execs just gotta pay themselves less on the bonus

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toadfan64
04/22/22 1:11:45 AM
#98:


30RegularUser posted...
I hope they finish jojo part 6 before they implode. Don't want them to cut funding.

And of course we gotta wait till fucking September for the next part of part 6. I'd much rather the weekly episodes again over this kinda wait.

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Aressar
04/22/22 5:06:14 AM
#99:


Veggeta_MAX posted...
It shouldn't be. The execs just gotta pay themselves less on the bonus

Bwahaha that's a good one. C'mon man, how else they gonna pay for their second yacht and still have 8 digits to their name?

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#100
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