Current Events > netflix commiting suicide

(+) Yeah! (+)

Those CEO up top really think by doing this, people that use the same account will sub their own coz they think users will miss their shows. Which could be the case if they didn't cancel like 90% of shows

https://gamefaqs.gamespot.com/a/user_image/9/5/6/AATCxZAAEJIE.jpg

lol wtf. I can't imagine password sharing is that big of an issue for Netflix.

I give it like a month before they go back on that. If I can't piggyback off of my family's Netflix, I will absolutely just stop using it.

This is only going to lead to Stranger Things season 6 or whatever being highly pirated.

What happens if you don't use a device for awhile and then try to log in?

Netflix beat piracy by being convenient.
This is not convenient.

What better way to achieve perpetual profit growth than killing your own product

What happens if you're out of town/state for an extended business trip but still have family at home

Or if you're a kid/teen who alternates between parents' houses and has a profile on a shared Netflix account so you don't have to lose your watch history just because you're with dad this week

They challenged themselves to find the worst possible way to handle this, and by god, they gave it the old college try

This is what happens when you're a publically traded company. You always have to show growth or else you piss off your shareholders. Subscriber based model only works up to a certain point, wants you reach that ceiling you have to show your shareholder how else you're going to get more money... by bleeding out more money from your subscribers of course. All this will do is get more people back on the seas.

Turtlebread posted...

What better way to achieve perpetual profit growth than killing your own product

"Sears scenario" could be happening here: intentionally wreck the company to sell off the parts.

"search topics for this board"

Netflix

Oh.

corps see so called potential profits as already theirs

but it never was

this something people in the piracy arguments can never grasp and likely won't here either
"but if he didn't pirate the game he would have bought it so they lost money!"
except he wouldn't have bought it

the idea that these people sharing netflix would have bought it is LOL especially after a price raise

Proto_Spark posted...

lol wtf. I can't imagine password sharing is that big of an issue for Netflix.

I give it like a month before they go back on that. If I can't piggyback off of my family's Netflix, I will absolutely just stop using it.

This is only going to lead to Stranger Things season 6 or whatever being highly pirated.

So here is the thing, Netflix doesn't care if someone not paying for Netflix stops using Netflix. It's the same thing.

Their logic is that if even some of the people sharing accounts get their own that's worth losing however many people who weren't paying anyway. Since they a really aren't a loss anyway.

WingsOfGood posted...

corps see so called potential profits as already theirs

but it never was

this something people in the piracy arguments can never grasp and likely won't here either
"but if he didn't pirate the game he would have bought it so they lost money!"
except he wouldn't have bought it

the idea that these people sharing netflix would have bought it is LOL especially after a price raise

Yep. The EU at one point tries to suppress a study that proved that.

Compsognathus posted...

So here is the thing, Netflix doesn't care if someone not paying for Netflix stops using Netflix. It's the same thing.

Their logic is that if even some of the people sharing accounts get their own that's worth losing however many people who weren't paying anyway. Since they a really aren't a loss anyway.

They're going to lose people that are paying for it.

Wait, Im confused. They make you put in your password every fucking month?

Compsognathus posted...

So here is the thing, Netflix doesn't care if someone not paying for Netflix stops using Netflix. It's the same thing.

Their logic is that if even some of the people sharing accounts get their own that's worth losing however many people who weren't paying anyway. Since they a really aren't a loss anyway.

it is broke logic as so called "free" users talk about netflix shows encourage more people to buy than them acting like an abusive spouse trying to control and shame you

WingsOfGood posted...

it is broke logic as so called "free" users talk about netflix shows encourage more people to buy than them acting like an abusive spouse trying to control and shame you

But those people are just going to pirate the shows and talk about them anyway

They think they're losing money now lol

So what will happen if someone decided to move to a new house? Are they suddenly SOL here?

"Hey, remember when game companies lost goodwill in the 00s with DRM? Let's try that!"

Background_Guy posted...

But those people are just going to pirate the shows and talk about them anyway

nah

Background_Guy posted...

But those people are just going to pirate the shows and talk about them anyway

these people aren't the average CEman, it is like your mom

they aren't going to, they will just not watch

WingsOfGood posted...

these people aren't the average CEman, it is like your mom

You'd be surprised how many "your moms" are buying pre-built Kodi boxes.

Proto_Spark posted...

lol wtf. I can't imagine password sharing is that big of an issue for Netflix.

I give it like a month before they go back on that. If I can't piggyback off of my family's Netflix, I will absolutely just stop using it.

This is only going to lead to Stranger Things season 6 or whatever being highly pirated.

"An estimated 222 million paying households share passwords with an additional 100 million households that Netflix wants to monetize."

https://www.macrumors.com/2022/12/21/netflix-password-sharing-crackdown-early-2023/

Compsognathus posted...

So here is the thing, Netflix doesn't care if someone not paying for Netflix stops using Netflix. It's the same thing.

Their logic is that if even some of the people sharing accounts get their own that's worth losing however many people who weren't paying anyway. Since they a really aren't a loss anyway.

But the one person who sub will probably stop too because their friends/family cannot use it and doesn't think it worth the money alone.

Me for example. I paid for the 4 screens tier with 4K res. I share it with my parents, my brother and my girlfriend. They are literally family but my parents live in different city. So is my brother. For the price of the 4K tier my parents using it and me is worth the money. If they block access to my parents devices i will definitely cancel because i don't watch a lot of shows.

apolloooo posted...

But the one person who sub will probably stop too because their friends/family cannot use it and doesn't think it worth the money alone.

exactly

they just devalued the service for those 222 million users and raised the price

and stupidly thinking this will increase subs but rather it will make those who actually paid go "why the fuck would I pay for that?"

Its their company, they can do what they want. But you guys defending them thinking they wont lose money just lol.

Wasn't this what Microsoft threatened to do with the X box One and Sony dunked on them so hard it literally turned hardcore fanboys onto the PS4?

https://twitter.com/netflix/status/840276073040371712

Netflix has sucked for awhile

apolloooo posted...

But the one person who sub will probably stop too because their friends/family cannot use it and doesn't think it worth the money alone.

Me for example. I paid for the 4 screens tier with 4K res. I share it with my parents, my brother and my girlfriend. They are literally family but my parents live in different city. So is my brother. For the price of the 4K tier my parents using it and me is worth the money. If they block access to my parents devices i will definitely cancel because i don't watch a lot of shows.

I'm not saying it's good logic. Nor am I saying the way they are going about enforcing it isn't wildly cumbersome. I'm just saying "Person already not paying for Netflix, threatens to continue doing so" is not exactly much of a disincentive to to Netflix.

I do think there will definitely be a paying customers lost though. I have to imagine Netflix assumes as much as well and just assume the new customers will offset it.

https://youtu.be/kWSIFh8ICaA

DarkProto05 posted...

Its their company, they can do what they want. But you guys defending them thinking they wont lose money just lol.

They are losing money right now. Desperation is setting in, and they're going for the only real vector they can actually do anything about in any meaningful timeframe.
This is only going to make things worse, as the people who are paying for accounts under the vague understanding that "grandma, uncle stinky, and billy at college can also watch" decide it's just not worth it anymore.

UnfairRepresent posted...

Wasn't this what Microsoft threatened to do with the X box One and Sony dunked on them so hard it literally turned hardcore fanboys onto the PS4?

https://gamefaqs.gamespot.com/a/user_image/6/4/8/AAA4VzAAEJDQ.jpg

Questionmarktarius posted...

They are losing money right now. Desperation is setting in, and they're going for the only real vector they can actually do anything about in any meaningful timeframe.
This is only going to make things worse, as the people who are paying for accounts under the vague understanding that "grandma, uncle stinky, and billy at college can also watch" decide it's just not worth it anymore.

Netflix isn't actually losing money. They are still turning a profit, and in fact are the only streaming service to do so, but their growth has stagnated.

For years they didn't mind the password sharing because there was still untapped market out there. They were still increasing subscribers every quarter. That's stopped. It's seems like, once you factor in sharing, the people who were going to get Netflix got Netflix. So the only place to turn for new subscribers is to the people sharing accounts. Which is what we are seeing now.

Are you all not home once every 30 days? Seems easy to avoid getting locked out.

Suolevram posted...

Are you all not home once every 30 days? Seems easy to avoid getting locked out.

Don't you guys have phones?

Whelp welcome back piracy

Just seems like a weird way to respond to increased competition, as all the other, cheaper streaming services increasingly have excellent content

Apple TV has so many bangers and its $7/month

YellowSUV posted...

Don't you guys have phones?

It says you have to log in once a month from "home" - so you can do that then use your phone for the rest of the month, no? Then go back and log in at home then rinse/repeat. Seems like a slight inconvenience at most.

Well, my friend from over seas won't be happy.

Wow, has anyone checked to see if the CEO is doing a Warner Brothers and burning the service down for the insurance money yet?

tremain07 posted...

Wow, has anyone checked to see if the CEO is doing a Warner Brothers and burning the service down for the insurance money yet?

That scenario would make too much sense considering the ship saled LONG AGO to sell Netflix off to Disney or another billion dollar corp.

That's just dumb. I stay in 2 locations so I'd be logging in at 2 different locations.

TheGoldenEel posted...

Just seems like a weird way to respond to increased competition, as all the other, cheaper streaming services increasingly have excellent content

Apple TV has so many bangers and its $7/month

Netflix probably can't match those prices because as a standalone company, its streaming service actually had to make money.

Apple, Comcast, WB-Discovery, Amazon, Disney and Paramount are all losing pretty insane amounts of money every quarter on streaming services.

Peacock lost nearly a billion dollars in Q4 alone. That's...well not fine but varying degrees of acceptable when you can fuel your cash furnace with money from your other businesses. But Netflix doesn't have that option.

Am I the only one that thinks all of this fuss around password sharing isn't actually going to change much? I doubt the vast majority of customers will stop paying for Netflix just because their friends can't use it anymore, and anyone who had been using somebody else's password is already not paying, so threats to switch to piracy ring kind of hollow because Netflix isn't seeing their money either way.

s0nicfan posted...

Am I the only one that thinks all of this fuss around password sharing isn't actually going to change much?

Likely a lot of customers dropping to the $10 plan, because a second screen is useless if grandma can't watch from her apartment, or Billy can't watch from his college dorm.