It's an interesting point of view, but I think you're wrong on a couple of major points. For one thing, Netflix didn't declare on Hollywood. Hollywood saw that Netflix was doing well and decided to keep their content for themselves. Leaving Netflix with the option of either creating its own stuff or dying. Netflix still licenses some outside stuff. But they are now choosy and tend to buy stuff that didn't succeed in their original home.
That's not necessarily true. I think the decline of Netflix started when they decided to no longer do business with Starz and other Hollywood studios. It was Netflix's decision. Companies like CBS decided long ago not to deal with Netflix. In short, it was mutual. In business, all other try to take out the big dog in town. Plus, there was a big battle in the entertainment industry regarding royalty payments to actors, etc. I remember living through that strike when I lived in Los Angeles. The entire town was essentially shut down. It affected everything. Just like the Covid lockdowns. But I also think the writer fails to mention that Netflix has become TOO WOKE. That has disgusted lots of people. Even hard core democrats. But hey, what do I know. I stopped subscribing to it years ago. I could never find anything I liked on Netflix and their music catalog is pretty awful and thin.
Subscription services are a luxury purchase. They can thrive and grow when times are good and money is plentiful, but are easily dispensed with when money is tight and there's a cost of living crisis. The problem lies with the flat rate monthly subscription charge, irrespective of how much the consumer uses the service.
Elon Musk nailed it when he said their declining subscriptions are due to "woke" programming - i.e., shows that openly mock religious faith, conservatism, etc. And nothing on the other side to balance it out.
In plain English... Netflix has gone too woke and WOKE-ism is being rejected. Even Spotify did not renew the Obamas contract. That says a lot. In all fairness, I think Michelle Obama was not showing up to do the podcast, so they figured, why pay her millions to not show up to work.
I will never forget Andy Grove, the then-COO of Intel, telling a bunch of us analysts at a meeting in 1984 : "We have 20 customers who are each projecting 20% market share." The world would be better served if more corporate types had paid attention in math class.
The problem with Apple is it's CEO is more interested in LGBTQ matters and buying off politicians, maintaining their slave labor in China while they charging $1300 for an iPhone, than producing innovative products.
Imagine a supermarket based on the Amway kind of model of supplying it's own brands of everything from paper towels to chicken soup to cola to breakfast cereal, and which had little or no interest in the common and popular brands of these products people were fans of. Do you think they would succeed over the supermarkets that included and promoted all the popular brands we already love and want? And what if their products weren't as diverse, or simply as good, as the popular ones? And what if it was the most expensive of all the supermarkets too? How successful do you think such a supermarket would be? They'd have a monopoly on their products alright--but would you shop there?
You forgot to mention one very important factor... and that is WOKE-ism. Americans are rejecting it all over this country. I'm not sure why it isn't mentioned here and in your interview with Rick Beato . I have my suspicion as to why you don't mention the collapse of Netflix being a result of peope rejecting woke politics.
One of my Kids has Disney & I was wondering what all was there. Outside of some good nature programming, it is about an 1/8 of an inch deep. There is just Nothing there beyond a very shallow pond. I was quite surprised
RightOn RightOn this is the naked truth! Monopoly vs Diversity thank you so much again and again
...and I repeat the comment I made about "Why Netflix Will Falter" at the time: Most homemade Netflix content is substandard.
Dead on analysis!
Well said!
It's an interesting point of view, but I think you're wrong on a couple of major points. For one thing, Netflix didn't declare on Hollywood. Hollywood saw that Netflix was doing well and decided to keep their content for themselves. Leaving Netflix with the option of either creating its own stuff or dying. Netflix still licenses some outside stuff. But they are now choosy and tend to buy stuff that didn't succeed in their original home.
That's not necessarily true. I think the decline of Netflix started when they decided to no longer do business with Starz and other Hollywood studios. It was Netflix's decision. Companies like CBS decided long ago not to deal with Netflix. In short, it was mutual. In business, all other try to take out the big dog in town. Plus, there was a big battle in the entertainment industry regarding royalty payments to actors, etc. I remember living through that strike when I lived in Los Angeles. The entire town was essentially shut down. It affected everything. Just like the Covid lockdowns. But I also think the writer fails to mention that Netflix has become TOO WOKE. That has disgusted lots of people. Even hard core democrats. But hey, what do I know. I stopped subscribing to it years ago. I could never find anything I liked on Netflix and their music catalog is pretty awful and thin.
Subscription services are a luxury purchase. They can thrive and grow when times are good and money is plentiful, but are easily dispensed with when money is tight and there's a cost of living crisis. The problem lies with the flat rate monthly subscription charge, irrespective of how much the consumer uses the service.
When your programming openly mocks half the nation, that would also seem to constrain growth opportunities.
Can you unpack that comment? I'm not a Netflix subscriber, so I'm trying to understand the landscape.
Elon Musk nailed it when he said their declining subscriptions are due to "woke" programming - i.e., shows that openly mock religious faith, conservatism, etc. And nothing on the other side to balance it out.
Thanks. Good rundown.
In plain English... Netflix has gone too woke and WOKE-ism is being rejected. Even Spotify did not renew the Obamas contract. That says a lot. In all fairness, I think Michelle Obama was not showing up to do the podcast, so they figured, why pay her millions to not show up to work.
I will never forget Andy Grove, the then-COO of Intel, telling a bunch of us analysts at a meeting in 1984 : "We have 20 customers who are each projecting 20% market share." The world would be better served if more corporate types had paid attention in math class.
“ Consumers want open and flexible platforms, not closed, proprietary systems.” Except when it comes to Apple.
The problem with Apple is it's CEO is more interested in LGBTQ matters and buying off politicians, maintaining their slave labor in China while they charging $1300 for an iPhone, than producing innovative products.
Not sure how this relates to the idea of open platforms.
Excellent piece!! Wish I had read your prescient essay and shorter Netflix. As a conservative I loath Disney and am eager for their implosion.
Imagine a supermarket based on the Amway kind of model of supplying it's own brands of everything from paper towels to chicken soup to cola to breakfast cereal, and which had little or no interest in the common and popular brands of these products people were fans of. Do you think they would succeed over the supermarkets that included and promoted all the popular brands we already love and want? And what if their products weren't as diverse, or simply as good, as the popular ones? And what if it was the most expensive of all the supermarkets too? How successful do you think such a supermarket would be? They'd have a monopoly on their products alright--but would you shop there?
Where does the author see YouTube in all of this?
You forgot to mention one very important factor... and that is WOKE-ism. Americans are rejecting it all over this country. I'm not sure why it isn't mentioned here and in your interview with Rick Beato . I have my suspicion as to why you don't mention the collapse of Netflix being a result of peope rejecting woke politics.
You have real data to support this assumption?
One of my Kids has Disney & I was wondering what all was there. Outside of some good nature programming, it is about an 1/8 of an inch deep. There is just Nothing there beyond a very shallow pond. I was quite surprised