Netflix loses 130k US subscribers (1 Viewer)

[Martin Dew]

Martin Dew submitted a new blog post

Netflix loses 130,000 US subscribers

Continue reading the Original Blog Post.

 

[EricSchulz]

Netflix would probably be the first I'd cut. So many of the "buzzy" shows and movies they offer exclusively I find to be just ok, but not necessarily worth spending the extra money on. Amazon Prime I'd keep because I use the shipping service often and they've upped their game on catalog movies and TV to stream. Plus, with Disney, NBCUniversal, etc. adding services I WILL be forced to choose based on content I like.

 

[Tino]

A negligible drop in the bucket.

“a decline in U.S. subscribers that surprised many Wall Street analysts and sent Netflix shares falling 12% -- comes after Netflix attracted nearly 10 million subscribers during the first three months of the year, more than any other quarter since the debut of its video streaming service 12 years ago.

Netflix ended June with 151.6 million worldwide subscribers, far more than a current crop of video streaming rivals that includes as Amazon and Hulu.”

I think they’ll be fine.

 

[Tino]

And by the way it’s 126,000 not 130,000. Might as well be accurate.

Much ado about nothing. Clickbait news. Words like “hemorrhaging” and “dire”. C’mon.

So they gain 10 million and “lose” 126,000.

Sheesh. Dire indeed.

 

[Cranston37+]

And by the way it’s 126,000 not 130,000. Might as well be accurate.

Much ado about nothing. Clickbait news. Words like “hemorrhaging” and “dire”. C’mon.

So they gain 10 million and “lose” 126,000.

Sheesh. Dire indeed.

First of all, the article from Variety I posted in the other thread DOES give the 130k number, so it is not inaccurate for Martin to have posted that.

Second, while this is certainly not the end of the world, laughing it off as "much ado about nothing" and "clickbait news" is not accurate either.

It is perfectly reasonable and sane to be wary of news that caused a company's stock to fall 12% in minutes, then an additional 11% as I type this morning, especially with this weakness happening BEFORE Netflix lost a lot of its content and increased competition came online.

 

[Tino]

First of all, the article from Variety I posted in the other thread DOES give the 130k number, so it is not inaccurate for Martin to have posted that.

Martins own blog above states 126,000.

 

[Tino]

Second, while this is certainly not the end of the world, laughing it off as "much ado about nothing" and "clickbait news" is not accurate either.

Let’s agree to Disagree.

 

[Cranston37+]

Martins own blog above states 126,000.

Ok, let me ask you this Tino - if we've established that some media outlets give the 126k number, and some give the 130k number, then how are you arriving at the 130k being the inaccurate one?

 

[Tino]

Ok, let me ask you this Tino - if we've established that some media outlets give the 126k number, and some give the 130k number, then how are you arriving at the 130k being the inaccurate one?

Seriously I really don’t care

I just stayed my opinion that’s all.

No big deal. Cheers.

 

[Cranston37+]

To piggyback off this Netflix news...

We had been having a debate lately about the idea of rotating subscriptions. I argued that it's more common than you think and is a great way to enjoy all the available services at a fraction of the cost. Others thought nobody would bother to go through the hassle of doing it.

I will point out this quote from this morning:

Tim Nollen of Macquarie Research pointed out that “The magnitude of the miss this time appears more concerning in light of coming OTT competition from Disney, HBO/Warner, NBCU and Apple, as well as losing licensed programming,” he wrote in a note to clients.

"We do expect consumers to jump on and off these services more frequently, which may lead to more sub volatility over time, which raises the stakes on producing and timing popular shows and marketing them effectively.”

 

[Cranston37+]

No big deal. Cheers.

 

[John Dirk]

I think Netflix's bigger issues are Net Neutrality threats and, yes, rotating subscriptions. Many Netflix subscribers have learned to activate their subscriptions only when relevant content is available. Netflix may not publish this sort of data but I'm sure they're aware of it and someone in a boardroom or corner office is pondering just how to stop it without an even larger [ and this time permanent] mass exodus.

 

[Josh Steinberg]

I read a NY Times article about this today and the article stated that Netflix was prepared for this kind of drop given the delay in Stranger Things returning, and expects the next quarter to pick up now that the show has new episodes.

 

[PMF]

Will such losses increase the chances of Netflix selling "Roma" as a BD?

 

[Cranston37+]

I read a NY Times article about this today and the article stated that Netflix was prepared for this kind of drop given the delay in Stranger Things returning, and expects the next quarter to pick up now that the show has new episodes.

But the numbers they missed were Netflix's own estimate for the quarter, which they would have arrived at knowing what content they were going to release. Stranger Things announced a delay in July 2018, well before Q2 estimates would have been made...

 

[Tino]

Will such losses increase the chances of Netflix selling "Roma" as a BD?

This is a joke right?

 

[mark1220]

I'm kinda sick of all the "Netfix" produced stuff. Some is OK, but they shove it down your throat more and more.

 

[Cranston37+]

Hollywood Reporter:

"Netflix shed $17 billion in value on Thursday as Wall Street punished the leader in streaming media for announcing a day prior that it added only 2.7 million subscribers in the most recent quarter, far shy of the 5 million it had previously forecast.

The weak subscriber additions are concerning, considering they came prior to competition from Disney, Warner Media, NBCU, and Apple streaming services."

 

[DaveF]

Netflix is the last streaming service I'd cut at present. I watch it the most, and watch it almost exclusively for their original content: Bojack Horseman, Maniac, Stranger Things, Altered Carbon, GLOW.

The only reason it might be the second to last to be cut is that I have Amazon Prime which gives me a free streaming service for paying for two-day shipping.

 

[Mark Booth]

We dumped Netflix when it raised prices. We only watched it a couple of times a month, if that. We also dumped DirecTV Now for the same reasons.

Our #1 streaming service is Hulu. That and Amazon Prime is all we are paying for anymore. Traditional network television gets recorded over the air (with FAR better image quality than streaming or cable) and it's FREE!

Mark