The Rise and Fall of Netflix (Investors Are Suing)

Netflix has been the king of streaming for a decade, but recently the competition has caught up. Will Netflix survive? It may be too early to tell definitively but it's not looking good.

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--- "New Thinking" written by Dagogo Altraide ---
This book was rated the 9th best technology history book by book authority.
In the book you’ll learn the stories of those who invented the things we use everyday and how it all fits together to form our modern world.

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//Soundtrack//

Sublab - So In Love

Felyx & Manos - Indie Game (Moe Turk Remix)

Andre Sobota - Concluded (Original Mix)

zachary-david - the light feat kingpinguin

Owen - That Which Wasn't Said

Lights & Motion - Perfect Symmetry

Dan Farley - Lorica

Jónsi & Alex - Stokkseyri

Burn Water - Yellow Jade

Producer: Dagogo Altraide

[Skullet]

It's generally a bad sign when a company is losing customers and increasing prices, trying to squeeze more money out of less people for a lower quality product just isn't a great long term business model.

[CaptainMarvelsSon]

It fascinates and baffles me that the company apparently did not see the correlation between the COVID-19 pandemic and the explosion of signups to their platform. It is as though they hadn't considered--and therefore were not prepared--that these same people would cancel their subscriptions once they were able to leave the house again.

[lillyie]

who knew making your service more expensive while downgrading your content is a bad idea

[rudebodega]

I read an article about Netlfix and their penchant for cancelling new shows. Apparently they just make WAY more money on shows that last 1-2 seasons than on longer-running programs. The production costs are low, the actors and crew are less expensive, and they make a killing on ads and merchandise because of all the hype. After a show is on for a while the actors and crew expect more money and production costs tend to increase, so Netlfix pulls the plug. They’d rather take away something people like than pay more to keep it going. “Stranger Things” would be an exception: by far one of their most expensive shows, it just happened to premiere at a time when “one-and-done” shows weren’t really a thing so it basically got grandfathered in

If someone stands to make a profit off of something they will and they’ll ruin it in the process. TV, music, sports- you name it and money has messed it up

[ThinkTwice]

Netflix needs to realize they are not a streaming service they are a movie studio, their focus on subscriber count instead of creativity and intriguing storytelling [in a Time where that is rare] is criminal

[mr.abubakarsanusi]

I said it, when ColdFusion drops a video, I drop everything I'm doing, work or not, I drop it all and watch the new episode release. ColdFusion, is New Thinking

[StufffTV]

Never thought of that but yeah, it truly brings Netflix to the normal model of tv, which is very saddening

[Dfeneck]

Fun fact:
This same thing happened a very, very long time ago with the advent of Cinemas! Each company started partnering with different Cinemas and to see X movie, you'd NEED to go to a Y cinema. Eventually sales started dipping and the government had to step in and say all cinemas are entitled to all movies.

This will, in my opinion, happen again soon with streaming services. Either that or they're all just gonna die out to piracy, its been sky-rocketing ever since splitting up the content. Pretty easy to see why. Companies are greedy morons lol; Smh.

[obcane]

Eliminating the reviews made it difficult to filter shows that one would like. No sense in doing this. Their algorithm in recommending shows specific to taste also seems to be poorly executed. I find myself spending more time looking for a show than watching. That’s when I quit.

[Michael-pouh]

when pirating a movie/series is easier than searching across multiple streaming platforms to find the same movie/series then there is something wrong with the distribution model

[JohanNordberg]

I think piracy still increase again when you basically need five or more streaming services to view what you want. That makes it easier to pirate than pay again. The problem that Netflix and Spotify solved initially.

[Jimmy-Vance]

I stopped pirating stuff many years ago when Netflix was on its peak. I had everything on the spot for a reasonable amount of money and on top of that it was all legal. Then a lot of IP was pulled from Netflix and now I would need at least 4 different subscriptions to watch all the shows I love. I just can't and tbh don't want to afford that. The big players made piracy an attractive solution again. That's beyond me. I feel sorry for Netflix.

[mcearth]

The $100m they paid to Prince Harry and his wife instead of making better contents to subscribers is a clear indication that this company lost focus and run by idiots, that money could have easily help keep prices down and more contents, we left Netflix when prices went up again but knowing they have so much cash to waste than to give me value for money is just a no no for me.

[SupLuiKir]

There's too much competition. No individual service is worth it because all the content is spread out between all of them. At this point, piracy or abstinence are the only real options.

[MrUltraworld]

This video reminded me to cancel Netflix.

[KAGdesignsDOTnet]

Was on the fence with Netflix - gradually got sick of them making rubbish nobody wanted while cancelling good stuff. Finally got rid of it when I realised free content on Youtube was often better!

[Sarazoul]

Honestly, the price increase combined with the drop of quality of their original content just killed it.

Series like black mirror and Arcane are not the rule, but the exception.

[MrRapmaster]

Great video as always, but you forgot one HUGE point, relating to their business model itself. It's not like Netflix no longer produces good content, they occasionally do. Key word occasionally. For every good show, there's an absurd amount of junk produced as well. Instead of striving for great content, execs and production just strive for content in all shapes and form. They're the Nick Cage of the streaming world, they'll greenlight anything no matter the quality just so their platform can be filled with stuff. This results in hundreds of millions being spent on the production/distribution rights and marketing of junk shows and movies that nobody cares to watch or get critically panned. It's not like other streaming services don't do this, but Netflix does it FAR too much and the company has no alternative sources of revenue, contrary to say Disney and NBCU, which have, for example, their theme parks. Netflix needs to stop acting like a tech company and start acting like a movie studio.

[DeLorean]

There are simply too many streaming services diluting content, and Disney is too big. I've thought a lot this year about how nice it would be to have a blockbuster video store again. The selection was good, and it wasn't impacted by NBC, HBO, or Disney owning the rights to this or that.

[stephentroyer]

There are far too many streaming companies, and something has to change moving forward. Either a lot of them will die off to make room for a few favorites, or a second layer of companies will make deals with batches of streaming services, and then push bundles until we're back to cable, but over the internet.