Netflix crisis: Why the reports of its death are grossly exaggerated
2 years, 7 months ago

Netflix crisis: Why the reports of its death are grossly exaggerated

Firstpost  

The news that Netflix has finally fallen to earth after losing some 200,000 subscribers in the first quarter of this year and the subsequent slump in its share price has evoked two extreme kinds of reactions. Others have variously described Netflix’s troubles as a “moment of reckoning” and a “gut-wrenching moment” for an industry that until the other day was being hailed for revolutionising the delivery and consumption of entertainment. “Netflix, the great disrupter whose algorithms and direct-to-consumer platform have forced powerful media incumbents to rethink their economic models, now seems to need a big strategy change itself,” wrote Blum in The New York Times. “Decisions are made on our behalf assuming what we want or don’t want rather than asking us what we want,” said one Netflix subscriber. The Netflix crisis has forced the industry to rethink its business model and “we-know-best” approach towards subscribers.

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History of this topic

Netflix's Price-Hiking Dilemma: Will the Streaming Giant Raise the Price?
2 months ago

Netflix's Price-Hiking Dilemma: Will the Streaming Giant Raise the Price?

Live Mint  

Netflix delivers strong third-quarter results, with an operating profit of $2.9 billion, exceeding Wall Street expectations. The company's stock rose 5% following the announcement, indicating a positive outlook despite some concerns about price hikes. While Netflix's ad-supported plan remains competitive, the company is exploring alternative revenue streams, including increased membership and the return of traditional advertising. Despite the challenges of …

Netflix’s subscriber and earnings growth on the rise as password-sharing crackdown pays off
5 months ago

Netflix’s subscriber and earnings growth on the rise as password-sharing crackdown pays off

The Hindu  

Netflix’s subscriber and earnings growth accelerated in its latest quarter as the video streaming service benefits from a crackdown on freeloading viewers, an expansion into advertising and an acclaimed programming lineup. Given that the competition in video streaming seems to be ramping up again, Investing.com analyst Thomas Monteiro called “the lowering of guidance an intelligent strategy for keeping excitement put …

Netflix’s subscriber and earnings growth gather more momentum as password-sharing crackdown pays off
5 months ago

Netflix’s subscriber and earnings growth gather more momentum as password-sharing crackdown pays off

Associated Press  

Netflix’s subscriber and earnings growth accelerated in its latest quarter as the video streaming service benefits from a crackdown on freeloading viewers, an expansion into advertising and an acclaimed programming lineup. Given that the competition in video streaming seems to be ramping up again, Investing.com analyst Thomas Monteiro called “the lowering of guidance an intelligent strategy for keeping excitement put …

Netflix’s recipe for success includes ‘secret sauce’ spiced with Silicon Valley savvy
6 months, 2 weeks ago

Netflix’s recipe for success includes ‘secret sauce’ spiced with Silicon Valley savvy

Associated Press  

LOS GATOS, Calif. — Although its video streaming service sparkles with a Hollywood sheen, Netflix still taps its roots in Silicon Valley to stay a step ahead of traditional TV and movie studios. “It is a secret sauce for us, no doubt,” Eunice Kim, Netflix’s chief product officer, said while discussing the nuances of the ways Netflix tries to reel …

Will Netflix get into the TV news business? Here are the pros and cons
6 months, 2 weeks ago

Will Netflix get into the TV news business? Here are the pros and cons

LA Times  

After embracing sports and commercials, is news the next step for Netflix? After diving into sports, news could be a logical next step for the company as it seeks to become viewers’ one-stop shop for TV viewing. These are not firm lines in the sand.” Still, veterans of the TV news business have some advice for Netflix: don’t do it. …

Netflix Had a Password-Sharing Problem. Greg Peters Fixed It
7 months, 1 week ago

Netflix Had a Password-Sharing Problem. Greg Peters Fixed It

Bloomberg  

In mid-February, Greg Peters, the co-CEO of Netflix, strode onstage at the Hollywood Palladium, an art deco concert venue in Los Angeles, to deliver a pep talk to what the company calls its New Employee College. Dressed in a button-down shirt and white zip-up sweater, Peters, lanky with striking green eyes, gave a summary of Netflix’s history before analyzing the …

Netflix wants us to stop obsessing over subscriber numbers. What that says about the company
8 months ago

Netflix wants us to stop obsessing over subscriber numbers. What that says about the company

LA Times  

If you run a streaming service and you want Wall Street analysts and investors to stop caring so much about your subscriber numbers, you have a couple of options. Instead, Netflix would prefer that the market judge its business based on metrics including sales and free cash flow, which is a better indicator of the company’s overall health. And if …

Netflix now has nearly 270 million subscribers after another strong showing to begin 2024
8 months ago

Netflix now has nearly 270 million subscribers after another strong showing to begin 2024

Associated Press  

Netflix gained another 9.3 million subscribers to start the year while its profit soared with the help of a still-emerging expansion into advertising, but caught investors off guard with a change that will make it more difficult to track the video streaming service’s future growth. The strategy resulted in Netflix adding 30 million subscribers last year — the second largest …

How Netflix survived the streaming wars to stay the subscription video king
9 months, 2 weeks ago

How Netflix survived the streaming wars to stay the subscription video king

LA Times  

Four years ago, Netflix was faced with a formidable challenge to its dominance. “Their competitors are so desperate to make money, they’re giving this content to Netflix,” said Jeffrey Wlodarczak, chief executive of Pivotal Research Group. In January, the streamer announced it would become the exclusive host to WWE’s weekly pro wrestling show “Raw” in 2025, which analysts say will …

Netflix’s gains 13M new global 4Q subscribers as it unwraps its best-ever holiday season results
11 months ago

Netflix’s gains 13M new global 4Q subscribers as it unwraps its best-ever holiday season results

Associated Press  

SAN FRANCISCO — Netflix registered its third-consecutive quarter of accelerating subscriber growth in the final three months of 2023, closing out a comeback year that included a crackdown on viewers freeloading on the video-streaming service and a smattering of price hikes. Netflix signaled it will try to justify the higher subscription prices — and perhaps reel in more advertisers to …

Blockbuster declares victory over Netflix - fans' joy as world's last store gloats about outlasting tech giant
1 year, 2 months ago

Blockbuster declares victory over Netflix - fans' joy as world's last store gloats about outlasting tech giant

Daily Mail  

Netflix recently ended its mail-order DVD service and Blockbuster has declared victory, claiming it is having the last laugh and delighting nostalgic fans. The fallen video store chain responded to the closure of Netflix's DVD rental service with three gloating social media posts, the first saying: 'Yes, Netflix - We're Still Watching.' Debbie Tisher and her husband Ken Tisher are …

Netflix bids adieu to subscriber-based DVD service after 25 years
1 year, 2 months ago

Netflix bids adieu to subscriber-based DVD service after 25 years

India TV News  

Streaming giant Netflix has officially concluded its long-standing subscriber-based DVD rental service. In April, Netflix had announced its intention to discontinue the DVD rental business, citing a dling demand for physical rentals that made it increasingly challenging to maintain the desired level of service. While the discontinuation of the DVD rental service signifies the end of an era, Netflix offered …

Netflix signups remain high, fuelled by password-sharing crackdown
1 year, 4 months ago

Netflix signups remain high, fuelled by password-sharing crackdown

The Hindu  

Signups for Netflix in the United States remain elevated despite a fall from June's record high after the video-streaming pioneer's crackdown on shared passwords came into effect in May, according to data from research firm Antenna. Attracting new subscribers and retaining old ones has become a tough task in the last few years as customers now have a surfeit of …

The streaming model is cratering — here's how that's hurting actors, writers and fans
1 year, 5 months ago

The streaming model is cratering — here's how that's hurting actors, writers and fans

NPR  

The streaming model is cratering — here's how that's hurting actors, writers and fans Enlarge this image toggle caption Eduardo Araquel/Paramount Eduardo Araquel/Paramount Ever had a show you've been meaning to watch disappear from a streaming service? Sponsor Message "I think streaming services have really forgotten that it takes a couple of seasons before a show gets big and picks …

Netflix’s subscribers surge after password-sharing crackdown
1 year, 5 months ago

Netflix’s subscribers surge after password-sharing crackdown

Al Jazeera  

Streaming giant says it added nearly 6 million customers after restricting the sharing of accounts between households. Netflix has announced the addition of nearly six million new subscribers following its crackdown on password sharing. Both figures marked an improvement in Netflix’s fortunes compared with the first quarter, when the entertainment company reported 1.75 million new subscribers and a profit of …

Netflix adds 5.9 million subscribers. Ted Sarandos says strike ‘not an outcome that we wanted’
1 year, 5 months ago

Netflix adds 5.9 million subscribers. Ted Sarandos says strike ‘not an outcome that we wanted’

LA Times  

Netflix saw a significant boost in new customers, thanks to its crackdown on password-sharing in more than 100 countries including the U.S., as well as its advertising-supported tier. The Los Gatos, Calif.-based streamer added 5.89 million subscribers in the second quarter, after pressuring nonpaying users to sign up for their own plans or risk losing access to their favorite Netflix …

The Ultimate Guide to Streaming
1 year, 6 months ago

The Ultimate Guide to Streaming

LA Times  

Welcome to Screen Gab, the newsletter for everyone whose attempts at cord-cutting have proven full of trip wires. Through the combined forces of the film, TV and Company Town teams here at The Times, we’ve compiled guides to platforms large and small, paid and free; recommended movies and TV shows to stream; reported on the past and future of streaming; …

How consumers and creators soured on streaming
1 year, 6 months ago

How consumers and creators soured on streaming

LA Times  

When “House of Cards” premiered on Netflix 10 years ago, it was treated as a very expensive lab experiment: Would original programming get more people to sign up for Netflix, then primarily known as the company that destroyed Blockbuster? Amazon, Hulu and other streamers quickly followed suit, developing sophisticated shows like “Transparent” and “The Handmaid’s Tale” and ushering in the …

Netflix cuts DVD-rental business 25 years after it launched the company
1 year, 8 months ago

Netflix cuts DVD-rental business 25 years after it launched the company

Daily Mail  

Netflix is saying goodbye to physical DVDs 25 years after its mail service disrupted the movie rental industry irrevocably. 'Those iconic red envelopes changed the way people watched shows and movies at home — and they paved the way for the shift to streaming,' a Netflix statement reads. After 25 years, Netflix is saying goodbye to the feature that made …

Netflix to end DVD-by-mail business. Execs explain ‘Love Is Blind’ snafu
1 year, 8 months ago

Netflix to end DVD-by-mail business. Execs explain ‘Love Is Blind’ snafu

LA Times  

Netflix’s DVD-by-mail service is coming to an end. “Our goal has always been to provide the best service for our members but as the business continues to shrink that’s going to become increasingly difficult,” Netflix co-Chief Executive Ted Sarandos wrote in a blog post. Popular Netflix series in the first quarter include action thriller “The Night Agent,” which has drawn …

Netflix’s Ancient Apocalypse is the best case for publicly funded TV yet
2 years ago

Netflix’s Ancient Apocalypse is the best case for publicly funded TV yet

The Independent  

Sign up to our free IndyArts newsletter for all the latest entertainment news and reviews Sign up to our free IndyArts newsletter Sign up to our free IndyArts newsletter SIGN UP I would like to be emailed about offers, events and updates from The Independent. In a climate where new streaming services seem to launch every few months, adding to …

Netflix nights still come wrapped in red-and-white envelopes
2 years ago

Netflix nights still come wrapped in red-and-white envelopes

Associated Press  

SANTA CRUZ, Calif. — Netflix’s trailblazing DVD-by-mail rental service has been relegated as a relic in the age of video streaming, but there is still a steady — albeit shrinking — audience of diehards like Amanda Konkle who are happily paying to receive those discs in the iconic red-and-white envelopes. “When you open your mailbox, it’s still something you actually …

Netflix targets global TV ad market as next business to disrupt
2 years, 2 months ago

Netflix targets global TV ad market as next business to disrupt

The Hindu  

Netflix Inc. upended the global entertainment industry about a dozen years ago with a streaming video service that rendered network television programming schedules and movie screening times all but irrelevant. Netflix Co-Chief Executive Reed Hastings said that insight dawned on him after listening recently to former Disney CEO Bob Iger describe traditional TV as marching toward a precipice. Chief Financial …

Netflix rebounds from recent subscriber losses with 3Q gain
2 years, 2 months ago

Netflix rebounds from recent subscriber losses with 3Q gain

Associated Press  

SAN FRANCISCO — Netflix reversed its recent subscriber losses with a summertime gain that management is hoping to build upon with the upcoming launch of a cheaper version of the video streaming service that will include ads for the first time. Netflix now boasts 223 million subscribers, enabling the company to at least temporarily reclaim the mantle as the world’s …

Netflix sets $7 monthly price for its ad-supported service
2 years, 2 months ago

Netflix sets $7 monthly price for its ad-supported service

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. Please try again later {{ …

Netflix sets $7 monthly price for its ad-supported service
2 years, 2 months ago

Netflix sets $7 monthly price for its ad-supported service

Associated Press  

SAN RAMON, Calif. — Netflix next month will unveil the first version of its video streaming service with ads, giving cost-conscious viewers a chance to watch most of its shows at a steep discount in exchange for putting up with commercial interruptions. Netflix’s ad-supported option will also be rolling out in Australia, Brazil, Canada, France, Germany, Italy, Japan, Korea, Mexico, …

Ads are coming to Netflix: How will this change the streaming industry?
2 years, 3 months ago

Ads are coming to Netflix: How will this change the streaming industry?

Firstpost  

The announcement to launch ad-supported subscriptions on Netflix followed its 2022 first-quarter earnings report, which saw a subscriber loss for the first time in over a decade Ads are coming to Netflix, perhaps even sooner than anticipated. Indeed, it was only in 2020 that Netflix CEO Reed Hastings ruled out advertising on the platform, saying “you know, advertising looks easy …

Netflix loses another 1 million subscribers in just three months
2 years, 5 months ago

Netflix loses another 1 million subscribers in just three months

Hindustan Times  

Netflix Inc said on Tuesday it lost 970,000 subscribers from April through June, averting the worst-case scenario projected by the company, but offered a forecast below Wall Street expectations for the current quarter. Netflix had warned in April that it expected to lose 2 million customers in the current quarter, shocking Wall Street and raising questions about its long-term growth …

Netflix's post-Covid slump continues: Streaming giant loses almost ONE MILLION subscribers
2 years, 5 months ago

Netflix's post-Covid slump continues: Streaming giant loses almost ONE MILLION subscribers

Daily Mail  

Netflix shares remain at historic lows after the US streaming giant shed nearly one million subscribers during the Spring due to its 'woke' content and rampaging inflation hurting millions of cash-strapped families in Europe and North America. Netflix shed 970,000 subscribers in April-June 2022 Though shares rose around 7% after the April-June results were published, they are still 66% down …

Netflix Q2 subscriber loss widens, but not as much as feared
2 years, 5 months ago

Netflix Q2 subscriber loss widens, but not as much as feared

The Hindu  

Netflix shed almost 1 million subscribers during the spring amid tougher competition and soaring inflation that’s squeezing household budgets, heightening the urgency behind the video streaming service’s effort to launch a cheaper option with commercial interruptions. The April-June contraction of 970,000 accounts, announced Tuesday as part of Netflix’s second-quarter earnings report, is by far the largest quarterly subscriber loss in …

Netflix Loses About 1 Million Subscribers In Q2; Still Less Than Anticipated Loss
2 years, 5 months ago

Netflix Loses About 1 Million Subscribers In Q2; Still Less Than Anticipated Loss

News 18  

Netflix lost almost 1 million subscribers during the spring amid tougher competition and soaring inflation that’s squeezing household budgets, heightening the urgency behind the video streaming services effort to launch a cheaper option with commercial interruptions. It could have been far worse, though, considering Netflix management released an April forecast calling for a loss of 2 million subscribers during the …

Netflix: Here is why Netflix lost around 10 lac subscriber
2 years, 5 months ago

Netflix: Here is why Netflix lost around 10 lac subscriber

India TV News  

Netflix: A popular video streaming platform has announced that it has lost around a million paid subscribers in the second quarter of 2022. In an official statement, Netflix said, "The second quarter was better-than-expected on membership growth, and foreign exchange was worse-than-expected, resulting in 9 per cent revenue growth." Netflix said it has 73.28 million paid subscribers in the US …

Advertisers were locked out of Netflix for years. Now they have big plans
2 years, 5 months ago

Advertisers were locked out of Netflix for years. Now they have big plans

Live Mint  

Netflix Inc. hasn’t said much about the advertising-supported service it is developing. “They give me exactly what I want when I don’t know what I want to watch," said Shiv Singh, chief marketing officer of online-lending platform LendingTree Inc., of Netflix’s show-recommendation engine. “One of the things Netflix does really well is personalizing," said Dara Treseder, Peloton’s chief marketing officer. …

Netflix loses nearly 1 million subscribers. That's the good news
2 years, 5 months ago

Netflix loses nearly 1 million subscribers. That's the good news

NPR  

Netflix loses nearly 1 million subscribers. In fact, much of Netflix's Q2 report read like an attempt to assure investors and the media world it has learned a lesson from April's news, when the company announced a 200,000 subscriber loss — which sent their stock plummeting 37% in a day, leading to several rounds of layoffs and belt-tightening. But it's …

Netflix in talks with Hollywood studios for new tier with ads
2 years, 5 months ago

Netflix in talks with Hollywood studios for new tier with ads

The Hindu  

Netflix Inc is looking to tweak its programming deals with Hollywood studios to enable the streaming pioneer's launch of an advertising-supported version of its service, the Wall Street Journal reported on Tuesday. The company has started talks with Warner Bros., Universal and Sony Pictures Television, the report said, citing people familiar with the matter. After losing subscribers for the first …

Netflix lays off hundreds of employees in second round of job cuts
2 years, 6 months ago

Netflix lays off hundreds of employees in second round of job cuts

Live Mint  

Netflix Inc said it laid off 300 employees, or about 4% of its workforce, in the second round of job cuts aimed at lowering costs after the streaming giant lost subscribers for the first time in more than a decade. "While we continue to invest significantly in the business, we made these adjustments so that our costs are growing in …

Netflix lays off 300 workers amid subscriber losses
2 years, 6 months ago

Netflix lays off 300 workers amid subscriber losses

LA Times  

Netflix on Thursday laid off 300 employees in the latest round of cuts as the company responds to a revenue slowdown and its first subscriber loss in more than a decade. The layoffs, which represent roughly 3% of Netflix’s staff, mostly affected the firm’s U.S. and Canada staff, but also hit teams in Latin America, the Asia Pacific region and …

Netflix, The Streaming Wars, And The Future Of American Entertainment : 1A
2 years, 6 months ago

Netflix, The Streaming Wars, And The Future Of American Entertainment : 1A

NPR  

Netflix, The Streaming Wars, And The Future Of American Entertainment Enlarge this image toggle caption ROBYN BECK/AFP via Getty Images ROBYN BECK/AFP via Getty Images The average U.S. household pays for four streaming services. HBO Max, Hulu, and Disney+ have all made their way into American media diets, each with its own unique entertainment offerings. Home of hit shows like …

Netflix sacks 150 staff as streaming giant records drop in profits and subscribers
2 years, 7 months ago

Netflix sacks 150 staff as streaming giant records drop in profits and subscribers

ABC  

Netflix on Tuesday said it had sacked about 2 per cent of its staff in a belt-tightening move after growth slowed at the once-booming streaming television service. Key points: The majority of the 150 staff to be laid off are based in the United States The lay-offs come after the streaming giant recorded a drop to 221.6 million subscribers Netflix …

Netflix Lays Off 150 Employees Amid Slow Revenue Growth
2 years, 7 months ago

Netflix Lays Off 150 Employees Amid Slow Revenue Growth

News 18  

Streaming giant Netflix has laid off nearly 150 employees, primarily in the US, as it suffers from slow user growth amid stalled paid subscription. So sadly, we are letting around 150 employees go today, mostly US-based," a Netflix spokesperson was quoted as saying in the report late on Tuesday. Netflix saw its stock tumbling by 20 percent after it reported …

Netflix surprises the staff, lays off 150 employees
2 years, 7 months ago

Netflix surprises the staff, lays off 150 employees

India TV News  

Netflix, the streaming giant has reportedly laid off around 150 employees from the company, primarily based in the USA office. TechCrunch reported that several highly creative professionals from Netflix's original series vertical like Negin Salmasi and Sebastian Gibbs were also asked to go as the company could not afford them because of the low revenue. The spokesperson of Netflix made …

Netflix cuts 150 jobs after subscriber slump, revenue slowdown
2 years, 7 months ago

Netflix cuts 150 jobs after subscriber slump, revenue slowdown

LA Times  

Netflix headquarters in Hollywood. Netflix on Tuesday announced it was cutting 150 jobs amid a slowdown in revenue and a decline in subscribers that has shaken the entertainment industry and triggered a reexamination of the streaming business. “We have to have an ‘Adam Project’ and a ‘Bridgerton’ every month and to make sure that that’s the expectation of the service …

If You Don't Like Our Content, You Can Quit: Netflix To Employees
2 years, 7 months ago

If You Don't Like Our Content, You Can Quit: Netflix To Employees

News 18  

Netflix has told its employees that if they do not agree with its content, they can leave the streaming giant — a move that received a thumbs up from Tesla CEO Elon Musk. Netflix has updated its culture guidelines and added a section called “artistic expression” which details how the platform offers programming for many audiences, reports The Wall Street …

Elon Musk attacks Netflix and says ‘woke virus’ to blame for drop in subscribers
2 years, 7 months ago

Elon Musk attacks Netflix and says ‘woke virus’ to blame for drop in subscribers

The Independent  

Sign up to our free weekly IndyTech newsletter delivered straight to your inbox Sign up to our free IndyTech newsletter Sign up to our free IndyTech newsletter SIGN UP I would like to be emailed about offers, events and updates from The Independent. One user, responding to Mr Musk’s original reply, agreed with the tycoon and said: “Woke mind virus …

Has Netflix hit its peak? That might not be a bad thing
2 years, 7 months ago

Has Netflix hit its peak? That might not be a bad thing

Live Mint  

If Netflix stopped adding new shows to its endless lineup, how long would it take for us to notice? The story so far: Netflix has lost over 200,000 subscribers in the first three months of 2022, though one must note this comes with a big red asterisk: the service has disabled 700,000 subscribers from Russia following the conflict with Ukraine, …

Netflix targeted with shareholder lawsuit alleging securities fraud after subscriber miss
2 years, 7 months ago

Netflix targeted with shareholder lawsuit alleging securities fraud after subscriber miss

New Indian Express  

LOS ANGELES: Streaming giant Netflix misled investors about declining subscriber growth over the course of six months leading to a massive drop in its stock price, according to a shareholder lawsuit. According to 'Variety', the lawsuit, filed on Tuesday in a federal district court in San Francisco, alleges Netflix violated US securities laws by making "materially false and/or misleading statements" …

Layoffs at Netflix have some staffers questioning company strategy and culture
2 years, 7 months ago

Layoffs at Netflix have some staffers questioning company strategy and culture

LA Times  

At Netflix, it has long been known that an “adequate performance gets a generous severance package.” The Los Gatos, Calif., company views its roughly 11,300 employees as members of a pro-sports team, in which every player has to be a star performer, or else they’re gone, reflecting what the company calls a “keeper test.” “We’re a team, not a family,” …

After Netflix’s week from hell, why streaming is becoming more like ‘just TV’
2 years, 7 months ago

After Netflix’s week from hell, why streaming is becoming more like ‘just TV’

LA Times  

Streaming services are going to start looking a lot more like traditional TV than one might have thought after the rise of Netflix. “It’s just TV.” Oliver’s jab, an inversion of HBO’s famous slogan, reflected something that many people worried about at the time, that adding “Friends” and “The Big Bang Theory” reruns would dilute HBO’s pristine brand. Back to …

Today’s Cache | Netflix’s problem is not password sharing
2 years, 8 months ago

Today’s Cache | Netflix’s problem is not password sharing

The Hindu  

In yesterday’s column, I shared how Netflix was haemorrhaging subscribers. The streaming giant lost 200,000 customers in the March ending quarter, the first time it has shed subscribers since 2011. “Over the last three, as traditional entertainment companies realized streaming is the future, many new streaming services have also launched,” Hastings said in the letter. HBO shared in January that …

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