netflix is losing subscribers?

[SH0N3]

another price rising coming soon?
https://www.bbc.com/news/business-61153252

[Charion]

Its more to do with password sharing thing that Netflix is cracking down on.

[killingspree888]

Its more to do with password sharing thing that Netflix is cracking down on.

This is the reason. I honestly think it won't be helping them, but I don't know much about businesses

[monch0]

Yeah! they are, because you are selling crack0d accs. xD

[Obie Trice]

It's great news and I am glad cracked accounts of Netflix are being sold. My family has given Netflix way too much money for such a mediocre amount of anime and movies. Even in it's prime it kept dropping the ball and tons of people weren't satisfied. If any streaming service wants my money they can come to my front door and beg. All they do is cut corners so if they want I can pay them $4-5 to cut some grass but that's all they are getting out of me.

They ruined Cowboy Bebop, got me excited for nothing, and wasted my time yet I have to give them money? If they want money they can pay me a salary to kick them in the nuts each time they come up with a bad idea and lets really see how much money they are gonna waste on nonsense.

[SH0N3]

It's great news and I am glad cracked accounts of Netflix are being sold. My family has given Netflix way too much money for such a mediocre amount of anime and movies. Even in it's prime it kept dropping the ball and tons of people weren't satisfied. If any streaming service wants my money they can come to my front door and beg. All they do is cut corners so if they want I can pay them $4-5 to cut some grass but that's all they are getting out of me.

They ruined Cowboy Bebop, got me excited for nothing, and wasted my time yet I have to give them money? If they want money they can pay me a salary to kick them in the nuts each time they come up with a bad idea and lets really see how much money they are gonna waste on nonsense.

respect ++

[DaneCoder]

I highly doubt it's because of password sharing or the account black market. It's more probable that Netflix grew too fast because of the pandemic or has already reached peaked customer subscribers. There is also a shit ton of streaming services. Tbh I only resubscribed to Netflix this year because of Better Call Saul.

[Bernard]

They're currently suffering from Shit Content Syndrome. Hopefully it's not terminal.

[Charion]

I highly doubt it's because of password sharing or the account black market. It's more probable that Netflix grew too fast because of the pandemic or has already reached peaked customer subscribers. There is also a shit ton of streaming services. Tbh I only resubscribed to Netflix this year because of Better Call Saul.

If Netflix losing subscribers because of Password sharing is not probable for you but the growing too fast is, then I do not have any reasonable words for such stupid thoughts lol

[[MPGH]Cursed]

They're currently suffering from Shit Content Syndrome. Hopefully it's not terminal.

moisty .

[DaneCoder]

If Netflix losing subscribers because of Password sharing is not probable for you but the growing too fast is, then I do not have any reasonable words for such stupid thoughts lol

I don't understand how is that a stupid thought but Netflix password sharing is a core model of their business lol. By growing too fast I mean look their growth rate in terms of revenue and subscription, they were able to do it when competition is low and streaming demand is high.

https://s22.q4cdn.com/959853165/file...der-Letter.pdf

https://s22.q4cdn.com/959853165/file...der-Letter.pdf

You can just read this article if shareholder letters are too boring for you
https://observer.com/2021/08/netflix...svod-industry/

[Charion]

I don't understand how is that a stupid thought but Netflix password sharing is a core model of their business lol. By growing too fast I mean look their growth rate in terms of revenue and subscription, they were able to do it when competition is low and streaming demand is high.

https://s22.q4cdn.com/959853165/file...der-Letter.pdf

https://s22.q4cdn.com/959853165/file...der-Letter.pdf

You can just read this article if shareholder letters are too boring for you
https://observer.com/2021/08/netflix...svod-industry/

Because NETFLIX made changes that the core audience did not like, which then made them remove their subscriptions. Growing too fast has nothing to do with it, but keep believing that because you don't seem to like the idea that the possibility of Netflix loss of subscriptions would be based on the fact that the password sharing changes is the reason people unsub.

[chansu]

they're ruining their own company.

[Bernard]

Because NETFLIX made changes that the core audience did not like, which then made them remove their subscriptions. Growing too fast has nothing to do with it, but keep believing that because you don't seem to like the idea that the possibility of Netflix loss of subscriptions would be based on the fact that the password sharing changes is the reason people unsub.

I disagree.

One can argue that they "grew too fast" in that Covid pulled forward a lot of demand for streaming services and they just happened to be the most popular streaming service at the start. With recent inflation pressures on spenders and more competition in the streaming market, people are bound to unsubscribe unless you have some really good shows with die hard fans willing to pay for it.

Regarding password sharing, I know some people who split the cost of a Netflix subscription with those they share the password with, but the vast majority of Netflix watchers I know own their own Netflix subscription and maybe give it out to other people because it doesn't cost them anything to do so. Not to mention, afaik, Netflix has only threatened to crack down on password sharing, but hasn't done it yet in the US, it's largest market. They piloted the program of no password sharing in like 3 south American countries. Point is, don't think you can say that their current lost in subscribers is due to a policy they they haven't even implemented globally.

Lastly, Netflix has been struggling for quite a bit now in gaining more subscribers in the US. They've been trying to tap into other markets to increase their subscriber counts. Main example that comes to mind is India.

Main point is, Netflix has been struggling in it's largest market, the US, when it comes to growth. With inflation, this just exacerbates their struggle. The password sharing crackdown policy hasn't been implemented globally yet afaik and thus is unlikely to have really affected their subscriber numbers. I think they're going to need to find the next Squid Game if they want growth.

[Charion]

I disagree.

One can argue that they "grew too fast" in that Covid pulled forward a lot of demand for streaming services and they just happened to be the most popular streaming service at the start. With recent inflation pressures on spenders and more competition in the streaming market, people are bound to unsubscribe unless you have some really good shows with die hard fans willing to pay for it.

Regarding password sharing, I know some people who split the cost of a Netflix subscription with those they share the password with, but the vast majority of Netflix watchers I know own their own Netflix subscription and maybe give it out to other people because it doesn't cost them anything to do so. Not to mention, afaik, Netflix has only threatened to crack down on password sharing, but hasn't done it yet in the US, it's largest market. They piloted the program of no password sharing in like 3 south American countries. Point is, don't think you can say that their current lost in subscribers is due to a policy they they haven't even implemented globally.

Lastly, Netflix has been struggling for quite a bit now in gaining more subscribers in the US. They've been trying to tap into other markets to increase their subscriber counts. Main example that comes to mind is India.

Main point is, Netflix has been struggling in it's largest market, the US, when it comes to growth. With inflation, this just exacerbates their struggle. The password sharing crackdown policy hasn't been implemented globally yet afaik and thus is unlikely to have really affected their subscriber numbers. I think they're going to need to find the next Squid Game if they want growth.

I appreciate for making me understand the whole thing a little bit more!

I have not been a subscriber for Netflix for about a year or 2, because there wasn't enough of interesting shows that could warrant me being a subscriber to begin with, and will probably never make me resubscribe, considering the fact that Estonia is about to receive Disney+ starting June 8th, which has better shows, more interesting shows + I'm a huge Marvel fan, therefore it'll make things easier for me, and not having to have torrent things, BUT I do believe that not all shows could be included, but it'll remain to be seen on the 8th.
@DaneCoder -- I sincerely apologize for my rudeness and pathetic lack of understanding on the subject.