Netflix is Collapsing - Has The Streaming Bubble Burst?
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- čas přidán 10. 06. 2024
- The recent loss of subscribers from Netflix begs the question - is the streaming bubble about to burst? Are there too many services and too much content now? In this clip from Open Bar #14, we discuss the reasons behind this shift and where it's all heading.
- Zábava
Netflix is a discretionary purchase, and increasing their prices while not offering a better service, at a time when people are struggling with a cost of living increase is a ridiculous move.
They've also been talking about running ads and eliminating account sharing.
Yea I'm not paying more for a service at a time when there's less unseen content on it than ever before, and more competition as well. With the increasing cost of everything we now rotate between services, one at a time, depending on what looks good for a given month or season... no more perpetual subscriptions of ANY kind.
Pure arrogant greed
No, no, no, no, no. You're not listening to the correct messaging, it's a "putin tax". 🙄
@@bigal6274 The price increase and potential ads is what drew the line for me. Plus my family barely watch it since the Roku is having issues with it.
Five friends and I share streaming services to alleviate costs. Netflix is gone at the end of the month. We ended Disney in January. They just dont have enough programming, and what they do put out is sub-par.
It doesn't help them that Netflix releases their top stuff on Blu-ray and there's so many reaction channels here and Twitch that you can see what you want without the subscription.
Me too.
Get an antenna. It's free.
Netflix is pretty good when it comes to content, but too woke. As for disney? it's garbage, and very little content, they depend on star wars and marvel to hold subscribers.
So basically what you're saying is Baby Yoda means nothing to you? You see him cry pained tears and you feel nothing? Do you laugh at him when he weeps? You are a monster
Three factors contributed to this.
One: Multiple streaming services have kinda killed what once made it great.
Two: The amount of content they make now is complete dog shit.
Three: Jacking up prices and going after people who share passwords.
The streaming days are numbered and people are starting to go back to the old ways of physical media, books, and talking to people. And I am all for it.
How naive the "I don't need to buy DVD's or pirate movies anymore, everything is on Netflix and I can watch it whenever I want" people were. Now you have to spend an hour perusing the five different streaming services you pay for just to find that if you want to find the movie you want to watch you need a VPN to access other countries versions of the platforms. Nothing beats your own personally curated collection of physical media. And if you don't have the money to buy Blurays or whatever, the seven seas are waiting and sailing them is actually not as inconvenient as the process I just described.
Yup
I know people who got rid of all their physical media because they figured they could just stream.
Suckers
I'm about to start a dvd / blu ray collection for this reason
@@wirelad2007 yup
I purchase between Amazon and eBay
Unfortunately, electronics companies stopped manufacturing Blu Ray players
@@CEWIII9873 i didn't know that. Thankfully I have a PS4
Surprisingly, there has been a resurgence in physical media purchases the past year or 2 down in Australia, I work for a company that sells DVDs, 4k and blu ray and it is coming back now more than ever
Netflix is like going to an expensive restaurant and being told you can only order from the Gluten free/Vegan menu.
Haha! Brilliant. But you also have to sit next to the fat family with the SJW daughter.
Bravo, that's dead on and I think I'm going to describe it that way to other people.
@@Omega068 feel free, I give you license to use it.
Perfect description
holy shit this is the perfect analogy.
When Netflix was the only streaming service and they were putting out decent in-house content for a reasonable price, they were essential for much of content we wanted to watch. Now they've got competition left right and centre, the quality of their output has dropped off, it's more expensive, and the content we want is split across so many different streaming services and platforms that the only way to get what we actually want without breaking the bank is subscription hopping. And people can't be bothered to do that. Sailing the seven seas is actually more convenient, never mind cheaper.
I can see people pirating stuff more and more. These people dont understand that they are full on making it so difficult for people to watch what they want to watch it is making people just think... sod it! Tbh... i stopped watching tv and films years ago for the most part. Theres rarely anything new that is any good. Tragic really.
I think all the companies trying to get their own streaming services is only going to come back and bite them in the ass. People don't want to subscribe to 4 different crap and are not going to pay for a service just for 1 or 2 shows. That was the cool thing in Netflix, they had pretty much everything, old and new.
I think eventually the market will reset and we will some sort of bundling appear, because this is unsustainable. It's like we would have to pay for each channel separately in cable
@@peugas13 I might even consider going to 3 over doing cable, since broadcast television has also improved considerably, but 4 is pushing it.
The worst part is there are even more than 4. It would actually be cheaper to just wait and buy the damn boxsets and build your own media center PC to put them on than to get even half the the streaming services out there.
This is why physical media is still very relevant.
@@peugas13 Wonder if eventually all the big tv and movie studious will get together and create a central gateway or global hub to watch all their content, away from netflix youtube etc. This could be quite cool and even better if the hub was inventive and easy to browse through (perhaps 3D in nature) but also it would be better if the gateway hub wasn't owned by anyone or commercial in any way but rather seen as a utility. I see all this as feasible now as the tech is there and tv seems to be dying slowly, this could be what saves them.
The early promise of streaming services was that it was going to give us choice again. Now... I'll be frank, there *are* still things on Netflix that I enjoy, but it keeps reminding me that my subscription fee is going towards over-produced shows about cake illusions, documentaries where ignorant people try to push under-supported hypotheses as absolute truths, dredging up old fashion brands to retroactively shame them, and deciding the second seasons of shows are the perfect time to stop trying to be entertaining and start proselytizing. And putting the ads that bring up these uncomfortable truths in the way of getting to what I actually want to watch. That's Netflix; don't get me started on my late, unlamented experiences with Disney+ and Amazon Prime.
We've been saying this for years. Everyone has a streaming service now. How the fuck are you expecting people to pay multiple platforms just to watch one good show and 90% crap content? This will definitely burst either from content or prices.
Yeah for some it's not even the price but the hassle of having too log in and find what show you want. There is such a thing as too much variety/ options
Netflix has 220 million subscribers generating $30 billion in revenue and they spend about $17 billion per year on content and their newest AAA content creation is Umbrella Academy.
A co-worker of mine called in ten years ago when he said streaming was going to end up just like cable. What little good content there was would be fractured across a dozen different packages, constant price hikes, etc. Streaming was already reaching market saturation in 2019, but got a nice little bump from the WuTang Sniffles. Now, not only are the lockdowns ending, but the economy is in the toilet. When people have to tighten their belts, superflous things like Netflix are the first thing to go. Of course the crappy, low quality, low effort content isn't helping. That was a problem even pre-Cuties. The woke stuff isn't responsible for the collapse, but it is certainly contributing to turn more people off.
Didn't you hear? It's all due to Putin invading Ukraine.
What you do is rotate streaming services. Watch Netflix for a month, cancel it. Watch Disney for a month and cancel it. There are no cancellation costs or start-up costs.
The woke stuff is why I cancelled. I had Netflix for over 10 years as well.
They took off the next generation so people would try watching Picard, and we ended up just switch to DS9... Not a bad result in the end but it's a compromise that I want trying to make ...
@@mattrR678 Shut up you will give them ideas. I can see it now cancellation fees. smh
Netflix Ceo: I don't understand why we're tanking so hard, we were paying so much attention to these incredibly vocal minority groups that does not account for any percentage of our total market audience.
Critical Drinker: Allow me to introduce you to a concept Ive come up with. *Finishes bottle of Jack Daniels* Its something called "The Message"
Heh, spot on.
Is there anything you right wingers aren't triggered about?
@@Don-md6wn Right back at ya. And I'm not really conservative; not in the slightest, actually, but boy oh boy do your lot push me there.
@@Don-md6wn
No we just cancel subscriptions unfortunately, us right wingers make up 90% of the population and 90% of the bucks. It's time to use it.
@@Don-md6wn Imagine being stupid enough to think right wingers are more triggered than left wingers. xD
I dropped Netflix for two reasons: the enwokening of their content (which they did to the themselves) and the reduction in the amount of decent third party content (which other media companies did to them). If their original content wasn't 70% woke garbage, I probably would have kept the service, because I have no desire to pay for Paramount or Disney or any of the others. As it is, my money can be better spent on something other than financing their agenda.
"If their original content wasn't 70% woke garbage, I probably would have kept the service" yup, the woke nonsense was what made me drop them.
@Andy James Spot on Sir!!! Couldn't agree more!!!!
Go Woke go Broke.
Star Trek Discovery was so bad i could have killed myself on the couch to make it stop!
woke is the reason i don't plan to subscribe .
Just before I quit, I tried watching one of their documentaries. It was about lions, elephants and wild dogs. This last gets so little airtime that I was actually excited for that... right up until they gave us a "Alpha female raising her pups alone" storyline. That's not how wild dogs even work. Lions and elephants are a feminist wet dream, because you can easily skew their life habits to show the females don't need no man (even though they do, especially lions) and that the males are just lazy and violent. Wild dogs don't work that way. But forcing the agenda on two of the three species wasn't enough, they had to narrate some made up bullshit about wild dog social structure so she could be Strong Female Character. She's an effin' DOG, leave her be. But no. I gave up a few minutes in, and quit Netflix sooner than I'd planned because... well, there just wasn't anything else to see.
I started collecting movies I liked back in the 80's on VHS. I moved to DVD's in the 90's and haven't stopped collecting since. Nothing beats your own personal collection
If I've got an hour to spend in front of the box I go on Netflix and spend that hour failing to find anything I want to watch.
Chances are if I hear of a film I actually want to see it's not on there and I have sail the seven seas to find it.
Kingdom was the last series I sat down and watched on Netflix and came away satisfied.
There is literally nothing worth watching on Netflix nowadays
Agreed. Kingdom was a rare gem amongst their catalog of complete and utter bs.
Yep when I had Netflix and the same with Amazon Prime I spend more time searching than watching anything. It doesn't help Hollywood is shit these days and these streaming services have very few classics either to watch.
@@walterbishop1697
I agree, the main problem is the incredibly awful writing and the corruption of good books to accomadate an agenda.
What shocks me is that the people who write this stuff must think it's great. I suspect thst most of these "artists" that are hired are the green haired types unsure about their gender. They may not be the best choices to write for the 90% of the population that are normies.
@@walterbishop1697 I have to agree this is a thing. There is no service that I can find which has lots of older films and tv shows that I would definetely watch. I want to see(examples) Sgt Bilko, Ealing comedies, Hammer films, etc and nobody has them that I can see.
I've been against the shift to everything streaming ever since Netflix put Blockbuster out of business. I said back then it was a bad business model that would only result in an ever decreasing quality of entertainment. Even then it was clear that the entire thing was a scam to get people hooked on the convenience in order to secure subscriptions and then pull the rug out from under them by scrapping all the popular, expensive to license content in favor of cheap, low quality crap. The move by nearly every streaming platform to shed all outside content in favor of material they own or made 'in house' is just the inevitable extension of that. And of course when Disney or ABC gets dropped by Netflix and Hulu they naturally will move to create their own streaming services for that content because they saw how popular it was on Netflix. But the only reason it was ever popular on Netflix was because there was lots of content aggregated on one site.
So now we have dozens of streaming services that only have a couple of legacy shows each that aren't getting nearly the traffic or subscriptions that their shows did when they were all on Netflix. And as a result everyone is trying to make more and more content to try to trick people into thinking they have a large and diverse package to offer. The result of course is that we are paying more and more for less and less. Most of these services can't afford to make many quality shows or movies so its all just trash or shows with super truncated season lengths. And its hilarious when you compare modern streaming to what we used to have with Blockbuster, where you would pay 10-20 bucks a month for the ability to rent literally any show or movie, now you would have to pay upwards of $150/mo to get access to a dozen shows from different networks. But this is the world that short sighted people opted for so I have no sympathy.
Yup the future sucks here's a funny example for you. My friends live in a block of flats, last week the housing association decided to change the intercom a perfectly well working press buzz,chat press button to open door system.
To a smart intercom...they neglected to tell the residents it was happening, neglected to set up accounts for any residents which requires them downloading an app..to open their door..or re hook their doorbells up so now everyone has to use a key to get in and out & no one's intercom actually works anymore... convenience.
Then *CNN+* came galloping out of the stalls with nothing to offer but what they already have. Now its already over and done with. ...shocker
Same, even if I did use Netflix from time to time, and still use some streaming services, I'll just buy the blu-rays of the stuff I really enjoy. Microsoft, and now Sony, are trying to push towards the same mediocrity in games.
To be fair I think the major networks saw how successful Netflix was and decided to get in on that action and they pulled their stuff from Netflix. Netflix had no choice but to start producing their own stuff to try and maintain any sort of market. That said I agree it was better when Netflix was the single big aggregator or when it was Netflix and Hulu. But there was no way to prevent Paramount, Disney, HBOMax or anyone else from pulling their stuff and creating their own platforms.
Yes, but I refuse to get misty over Blockbuster.
They were engaging in shady nonsense because they cornered the market.
Netflix's strategy seemed to be to capture a monopoly over the streaming market. They didn't account for everyone and their mom starting their own service. Instead of being the new cable company, they're just one channel of many.
Your mom has a great service on the Hub
“You know, I’m not really comfortable with a movie about prepubescent girls learning how to dance on a stripper pole.”
“That’s just because you’re an intolerant bigot who can’t appreciate the beauty of the movie.”
“Let’s agree to disagree, I wish you good luck. Also, please cancel my account.”
I put this on a Tweet Drinker made as well, but Netflix and Amazon and all the others had the PERFECT chance to capitalize on the last 3 years. They could have had a bunch of old shows and movies that people love to really entice people who are stuck at home, maybe even lowered their prices or had special deals.
Instead, they continued making sub par crap that people either hated, or forgot about when the next thing came along and raised their prices.
Honestly this. Only streaming service I like at this point is HBO max and it's because I can watch old shows from several networks that I haven't seen in years and watch new flicks at home instead of paying a ton at the theater. Other than that, I can't think of a reason why I'd want the other services
There is literally no reason to have a streaming service when most of the things I think of to watch, are not on any of them anyway. I have access to every major streaming service.
I think the last three years is what broke them. Everyone was in lockdown and out of work so they had entire days to binge and go through watchable content faster than netflix can produce. And that's assuming most of it was watchable.
I'm glad I haven't stopped buying BluRays and DVDs just because of streaming. Granted, much less these days warrant a buy, given how much "message" is being shoved down our throats. But, last year I still managed to buy 3 movies that I often watch. Can't recall last time I finished something on NFLX. They are literally financing student films these days, most of them being crap. My time is worth more than that... But if they raise the price, I am done. And Ads ? For $20 / month ? Very funny :-)
Cuties
Paul's joke about Dame Edna being Doctor Who completely flew over their heads.
They're just not sophisticated enough to grasp such. And to think some may think they're cultured!
As it's been pointed out by others, Netflix has hilariously failed to learn from their own history. Just like Blockbuster, who rejected the purchase of Netflix, they refuse to adapt with the times. Instead of offering better services they stand their ground, not realizing they're slowly sinking in mud. Sure, other companies make bad decisions, but they can afford it by being too big to fail. EA might release shit games that are as expensive as they aren't fun, but at this point they've garnered such a high fanbase that they could stop selling games for a decade and still go on. Disney is releasing dud after dud yet they own so much stuff that they're practically unkillable. Nintendo is very slow to adapt and has increasingly bad policies towards their consumers, but they consistently release good games.
Netflix has none of those benefits. The amount of stuff they own is small and uninteresting. They used to be big for a streaming service back when they were a novelty but today their competition is too fierce. They absolutely cannot afford to raise prices and treat their customers like garbage. Yet somehow they still think they cannot fail. They refuse to see the writing on the wall and won't take any sensible advice. They absolutely deserve to go under.
Disney's stock price is plummeting as they continue to discover if you go woke you go broke, over and over.
Many people are also calling attention to the fact that Netflix is one of the most expensive streaming services now. Netflix's solution is... to add an ad-supported tier, and ban password-sharing. Even though a big part of Netflix's appeal was having zero ads, and being able to share with friends/family.
They should have been much more aggressive when they were the only game in town in terms of acquisitions - understanding the risks of new market entrants with far greater back catalogues of IP and additional service possibilities. Imo, Netflix convinced themselves they were geniuses and would supersede all others as the media brand of the 21st century in both service delivery and IP when in reality they were in the right place at the right time and prone to massive confirmation bias and first mover disadvantages. Their answers now seem to be chasing old-fashioned, 20th century glories by sponsoring art house movies and raising prices. In other words - no innovation. I wouldn’t be surprised for them to be bought out for a relative pittance in 5 years.
You really nailed it about EA. That fanbase is willing to buy any shitty game they release.
Netflix offered a glimpse of a world where you could get all your favourite movies and tv shows on one platform but once Disney pulled their content and decided to make their own service, the show was over. Now Netflix has to churn out endless crap. It doesn't help that the way these movies and shows are marketed is basically non existent. I find myself scrolling along the list of new releases and I just have no context to decide what to watch. The fact is that trailers and reviews and ads do serve to draw people in to watch content, but that whole part of the process is gone now. I haven't heard of any of these new releases on my feed and I just have to randomly pick one and hope it is good. Inevitably it is trash. It is too bad because the industry squandered what might have been.
Its just like the console wars described by AVGN. "Consumers were alienated by a vast overblown market."
The tech for cracking down on password sharing has been around since at least 2019, it was introduced at a tech conference in London. The streaming sites have been sitting on it until now, when they can’t justify raising prices and the overall quality of their content is plummeting. Once one company implements it the floodgates will open. At best this will cause piracy to skyrocket (again), or the entire streaming industry will collapse at worst.
Yo ho ho! Never fund your enemies.
Piracy will always be at the horizon to salvage the shipwreck that comes with subscription services...no one wants to keep buying shit that isn't worth it
The weird part is Netflix allows what? 5 profiles on a single account. So long as those profiles are used and the person with the account is paying they shouldn't be able to complain.
It's the nuclear option, honestly.
My house has literally 4 Apple TV’s. So will I have to pay for Netflix on all those separately on all those devices under the same WiFi?
It's really sad. Amazon was the one streaming service I wasn't conflicted about and it was a nice synergy (i used a fancy word!) between entertainment and practicality. Then they sought to destroy LotR and they have to go. Here's the thing, I'm not an actual fan of most of these properties. I like some of them and I'm indifferent about others. My issue is what these actions represent. An undermining of anything stable in society, masculinity, tradition, and in a lot of cases reality as a whole. I personally won't be bothered if I never visit middle earth again because it wasn't my jam. But it makes me furious to think that any story that uses any of the aspects I mentioned or encourages individuality/individual courage and responsibility is seen as unacceptable and gets perverted. This is setting up a programming regime for young minds and cutting off routes of escape. All the talk about "this supposed to be escapism!" They know and they won't allow escape.
And to add to an already too long comment, I can't think of anything sadder than Tennent coming back. He was great but he's gone. It would be transparent desperation which is not appealing at all.
It's not too long, it's a great comment.
Most young people dont watch streaming services in any large quantity, at least not the halfway tech savvy kids. The mostly watch youtube, tik tok, and other non pay for services. Gen Z is going to change the way we watch things like the Millennials did with streaming, Gen X did with cable, and Boomers did with rentals. Even the greatest generation changed things with movies.
This is just part of the churn. The weak die and the strong survive.
They did the same for the "Wheel of time which had already strong female characters, but they seem to want females be the masters of everything not just equal...as they generally say.
I’ve seen more realism in Fred Astaire and Ginger Rogers musicals.
I agree. Don't give money to people who hate you.
The problem here is (ironically) TOO much competition.
When Netflix first came out it was unique and so it quickly became the hot new thing to the point of becoming part of popular culture as the guys said on the stream.
But now there's Amazon (although I agree with Drinker's point that it's probably benefitting mostly from being an add on to the core next day free shipping), Disney, Paramount and even more in the US. All of these "tenner per month" services add up quickly if you want to watch several different shows that are spread across the different platforms. It's too much!
The same thing happened with Sky Sports. Back in the day you paid your cash and you got every football match that was on. Then came Premier Plus which split the content for an extra charge. Then BT, Amazon etc... Again, too much if you wanted to watch all Premier league matches available.
It's no wonder that people are ditching all of these services.
I do not think the competition is the issue. If you look at those with a Netflix membership you will see that they probably have two or three other subscriptions as well.
The issue that they are facing like Prime is that their original content is trash and they simply are more interested in pushing a message at the cost of entertainment. Umbrella Academy was suppose to be Netflix next big original content but it is one of the worse shows imaginable. Stranger things has descended into trash as well even though it started out well.
I'm just bothered that Netflix's fall is due to oversaturation and people just being sick of it and not them releasing actual child porn onto their service.
You'd think something like that would ruin your business and the degenerates who defended it to the death. But nope, sheep didn't care at all.
Finally found a comment that outright says it (and had to scroll down forever, which adds to the disappointment). I try to at least tell myself that most people just aren't aware, or didn't look into it at all. Or that those who do know just don't want to talk about it because people generally avoid topics like this...
But yeah, for anyone wondering:
Yuck-flix was asked outright "yes or no, are you okay with pedos" or something like that, and they responded with "we support all beliefs and lifestyles".
...
Or some disgusting shit like that.
I looked it up way back when it happened, so if you want the exact exchange I'd suggest doing the same.
Netflix ain't helping themselves. 30 million dollars for an episode of Stranger Things. Now we're just going back to the 'Cable package' era, just with streaming services. People hated buying cable packages and only watching 1/50 channels on it. Now they're all just doing the same thing for subscription services.
How the heck do a bunch of kids, a VHS filter and some ropey monster CGI cost that much?
@@cattysplat Netflix is a tech company run by tech nerds from a time and place outside traditional business sense. Their staff don't have the same experience or connections on the production side of things and likely pay way too much for everything.
I predicted this when CBS, WB and Disney started their streaming services.
No single media company can produce enough good original content to make it worth paying for given different people have different interests and no one is going to like everything any of them make. At the height of Netflix it could pull in shows from all over and their content was so vast and broad it could appeal to everyone. The more you balkanise the content the less you can rely on having enough to appeal to everyone. And eventually people decide you aren't worth paying for.
Interesting aside, Star Trek predicted TV would die off around about the 2020s so could be another thing they got right...
WB has a streaming service?
I want a streaming service that function similar to Spotify for music. Everything in one place, pay for a subscription and the content owner get paid for views. Produce crap content and there will not be any viewers from that content.
@@michaelpettersson4919 Spotify is FAR from having "everything" and Spotify free has been absolute crap for a few years... they are the next to go. Maybe we'll get to hear some good music again.
Yeah I'm pretty sure TV is on the way out. I predicted a TV-internet merge about ten years ago. With Sky glass tv in the UK and the bbc about to have the license fee ripped from them, I can see that TV is going to either going to die or have to evolve into something completely different.
To balkanize... thank you for teaching me a new word!
Everything in mainstream entertainment is on the verge of collapsing. The simple reason is the individuals in charge of our entertainment are up their own rears with activism and they do not represent the majority. More and more people are awakening to this.
I love how they are blaming password sharing as the reason for losing subscribers. That's like when Hollywood blamed file sharing for failing theaters 20 years ago. When Netflix introduced that new price hike, it just so happened that we were in need of adjusting our budget. By then, everything worth watching had been moved to another service. All of the nostalgic reboots were a HUGE disappointment. It was nothing but a sea of trash 'Originals' and that wasn't enough to justify the hole in our bank account - not even for the new F is for Family season. Netflix was the second thing to go after Sirius XM.
Sirius was an easy miss for me (did try it due to gifts/trials though), largely superfluous to my Spotify premium which has allowed me to play what I want in the car/anywhere without ads almost everyday for years.
Even the idea of giving the benefit of the doubt to these shows like "He's expecting" is not possible because of how much political pandering these companies do and how much they try to involve themselves in "contributing to the society".
More and more streaming services popping up, raising their prices, quality of the shows dropping. Why does this sound so familiar?
That’s right! Cable TV! How are they doing these days? Just curious
@@FelixBat I'm Catholic and I believe in evolution.
@@FelixBat I'm a Christian and those who DON'T belive in the common sense that evolution in general is , LIKE I ACTUALLY DO, BY THE WAY, are far more f***ing part of the problem than they dare misbelieve / delude themselves into thinking, otherwise. THAT is just the FACTS AND TRUTH.
@@FelixBat HAIL SATAN!
@@CEWIII9873 Satan is cringe.
@@doclouis4236 Legit question, then what about you "makes" you Catholic? Just the fact you were brought up in a Catholic community?
Because this is how I read your statement: you basically associate with a group that considers a certain book the truth, yet what you have decided is that it is a fantasy story, but that you still chose to take life lessons from it and keep being part of the community despite you now accepting it as fantasy.
When I was done watching Stranger Things I was like "Welp, that was mediocre" I'm still amazed that it was such a hit. I grew up on horror and there were some creative moments in the show, but from the impression I got, they didn't lay enough groundwork to expand things.
I don't think they ever intended to extend it beyond the first season. So they probably shouldn't have. But it was too big a hit to leave it alone.
Long term investors in Netflix probably should have seen this coming. The market is absolutely saturated with streaming services that are all white knuckling whatever IP they have. Netflix was king back when no other competition was around. Now there are about 20 other streaming services to speak of. I predict a lot of mergers will happen next.
Also, Xena was fine as hell. Prime spank bank material back in the days before ubiquitous internet. My kind of strong female protagonist.
The market being saturated is not the problem. I do not think it is anywhere near saturation. The issue is the content quality. It is not there anymore and the types of original Netflix content is not being made anymore that was exciting 5 years ago. Where is the next Narcos or House of Cards?
Did Star Trek: TNG call it when television was considered a fad that last not much past the mid 21st century?
Just canceled Netflix a few days ago. Rats off the sinking ship.
I agree that it’s quality of content. People don’t talk about HBO or AMC. They talk about game of thrones or walking dead. In the 90’s USA was a joke that ran 80’s show reruns. Then they had great original shows and those shows were hits. CBS had walker Texas ranger. The number one show for years. Shitty programming is killing services.
It's very smart to cultivate these videos from the Happy Hours. I'm someone who never watches a Happy Hour because it's just too long, but I'm enjoying these bite sized clips you are pulling from them. As usual, well done Drinker.
Streaming services are in a sad state today. Back in like 2016 I had Netflix Hulu and and Amazon and pretty much anything I wanted to watch was on those 3 services. I’ve paid for a total of 2 months of Disney+ to watch the Mandalorian and axed Hulu in favor of HBO (the only one that I think is genuinely putting out content worth paying for). I can’t be bothered to buy Peacock Discovery+ Paramount+ and all these other stupid streaming services that have popped up the last couple years. I still do think the streaming model is better than cable because you do have the chance to be far more selective with what you’re paying for and there’s no ass long contracts you have to fulfill
Remember the days when there were 4 channels...and kids could go out to play, dawn to dusk, without worrying about whether they'd not be snatched, by some pervert?
I agree with Paul, overexplaining stuff is really overdone. A little mystery doesn't hurt.
I'm pretty sure streaming services like Netflix, soon after introducing ads in their payment plans options and seing that most people won't want ads they can't skip, are gonna subdivide these into subcategories like sci fi content, horror content, kid content, etc, and... End just like the TV business model, a fractured mess. Brilliant.
All down hill from Cuties to woke, Original Netflix shows nobody sane wanted or asked for… Cowboy Bebop. You name it, they blew it.
Netflix's strength was never their original content... it was (originally) the portal that one could go to to see movies from all sources. As everyone tried to have their own private little garden with a one studio sources (and forced Netflix to produce original content or have nothing to offer) the entire streaming thing became less and less appealing for everyone. There is no way that I can afford to subscribe to all "+", and I certainly don't want to subscribed to a 1 source service. If my streaming of choice becomes such, why should I subscribe? Everyone was so eager to cash in that they didn't realize they were killing the golden egg goose.
Instead of focusing on the shows people really liked they went out of their way to blow millions on woke content almost nobody wanted to watch bar the screaming banshees on twitter. Though that is the problem for netflix, the woke twitter brigade are too busy marching and gluing themselves to roads to actually watch the crap they advocate.
It really is sad. I was an early adopter and got a lot of people into it when they were still slinging DVDs in envelopes thru the US mail. Now I just use a family members PW and if I can’t keep doing that I’ll just let them fade away like Jack in the titanic.
I'd like to think that Netflix's collapse is because the audience is tired of wokeness, but it's probably just the beginning of spring coinciding with the end of the lockdowns. I'm just all out of hope and dreams in my cynical old age.
Your pessimism is realism. I’m in my 40s and learned that setting the bar low is a way not to be too disappointed in any outcome
"I'd like to think that Netflix's collapse is because the audience is tired of wokeness..."
I'm beginning to feel as if I'm out of touch. I think that's mainly because I don't watch many Netflix originals maybe accept for docs and some others. I've not noticed much wokeness (unless you can point me to the right direction).
My experience with Netflix is that there's so many options and I'm unable to make a decision aha.
True
@@theeternalgus9119 that hasn't been my experience. I have a hard time finding new content that _isn't_ woke.
@@ZPositive Totally. Also, with the “quota” for films (and commercials) it’s a 100% guarantee woke outcome. It’s a literal waste of time even clicking on the app
In 2015 we had a relative move in to our house while she built a new place of her own. She brought her Netflix Streaming with her. My wife and I both noticed ... Streaming had nothing we wanted to watch. We have friends laugh at us because we stuck with the DVD mailing service instead, but a solid 90% of the time we ask if they've seen any given movie, they say no, they can't find it on Netflix Streaming, while we're standing there holding the DVD copy of it.
Streaming was ONLY good for "I'm bored, let's see what's on Netflix" - it was NEVER good for "I want to see ____________, let's see if it's streaming on Netflix."
Streaming is facing the same problem as cable. Paying too much money for too much content that I'm never going to watch. The only model that makes sense for me is a la carte. If there's a single show that I want to watch, I'll pay to watch that show alone, regardless of where it is offered.
I dropped it after they lost Star Trek:TNG.
Being able to go back and watch decent Trek was the only reason I kept Netflix
They still have DS9... at least for now. I'm sure that'll disappear soon too, since Paramount is probably trying to take it back to support their own shitty streaming service.
From what I've seen with friends, people will subscribe when certain shows are released, cancel when finished, then jump to another service when another high-demand show comes out and repeat.
I guess I was an "early adopter" because I cancelled my Netflix sub in Jan 2019. It was the day when I said to myself "hey I'm going to watch something on Netflix today!", and then spent almost an hour looking for something to watch. That wasted hour gave me an epiphany, and I went to my "Viewing History" to find that I hadn't watched ANYTHING on Netflix the 6 preceeding months. I cancelled then and there and haven't missed it a bit.
One of the most awesome things about Boba Fett from the OT was the line from Vader “No disintegration”. We only had to use our imaginations about that, no backstory needed. He also actually had the gall to talk back to Vader; “What if he doesn’t survive? He’s worth a lot to me.“ Boba Fett was so awesome in Empire.
They ruined him, he didn’t need a backstory but if it was done right, then it would be worth the watch.
You just said all of his lines; Boba Fett wasn’t a character, he was a prop. The Millennium Falcon had more depth of character than Boba Fett. A series about the Falcon and it’s owners over the years would have been more interesting than BoBF.
@@shapesinaframe I agree that a series about the Falcon would have been more interesting that BoBF. I would have loved to see when it wasn't "a piece of junk."
But I do think that Boba Fett's addition in Empire expands the lore. His ship was awesome though.
I hope this results in a more diverse selection in the couple of streaming services that are the only reasonable amount that can be left. Everyone started to think that they could have their own little closed garden and people would keep flocking. Now that Netflix has also reached the pricing limit I hope the pruning will continue.
DON't even use the word diverse. Nowadays that word means nothing more than non white male.
The hilarious thing in all this is NBC and Viacom / CBS thinking anyone would pay for streaming services to watch NCIS and whatever garbage is on NBC now.
Netflix simply does not have good original content anymore.
When Netflix was the one stop shop for streaming 90% of films, there wasn't really a need for piracy. 6 quid a month and access to all the films you want without the hassle of finding a decent copy on torrent? Easy choice - simply watch it on Netflix.
Now every Tom, Dick and Harry company has released their own streaming platform "with blackjack and hookers", and now that 6 quid one stop shop has become "pay 7 different services about 10 quid each for a handful of shows from each that all used to be in one place"... They've fucked themselves by trying to ring fence each other, and now piracy is starting to creep back in as the preferable option.
Greed is what has fucked up this boat...
Used to be like having one big buffet with good selection and quality. Now instead of one table you've got multiple with the stuff people actually want split between then and expecting to pay for each table separately. Of course people are going to make cutbacks, especially with the cost of living only going up.
Cracking down on shared accounts as a response to subscribers bailing is a suicidal move.
Prime also has Yellowstone, Expanse, and Reacher to their credit. Legitimately good shows to go with the shipping.
Reacher was really good i was surprised they didn't go the brainless route and ruin his character.
I really like this format of excerpts from the "After Hours" podcasts, with the nice thumbnails, it draws me back in.
Far too many services and costs are rising. They need to get a grip.
I wish they would stop canceling good shows, just because the viewing numbers aren't sufficient it shows there's no loyalty to the customer. All those shows add up and when they end up canceling 10 shows that's millions of viewers now pissed off with nothing to look forward to.
The funny thing is shows that are popular with most people like stranger things is splitting the upcoming season into two parts over two month so people have to pay for two months. High seas are looking attractive again.
The trouble is that since piracy is so easy, why would anyone pay for content? Sure, there’s the principle of supporting the creators of movies and shows you like, but at the end of the day, when your paycheck isn’t getting any bigger and its value continually plummets, principle kinda goes out the window.
If streaming services started offering improved functionality, “curated” content for particular niches (or at least better filtering systems), and more user interaction (star-ratings, reviews and comments all allowed and integrated), etc, then they could market themselves as a premium viewing experience.
The biggest practical downsides of piracy are that filtering through a pirated library for content you might want to see is like looking for a needle in a haystack, and their UIs are invariably shitty. Premium streaming services could provide what pirate sites can’t. Then they’d make money.
Although it's nice having a million different options for entertainment there is the problem that no two people are familiar with the same movies and shows anymore. It's extremely rare for me to meet someone new who has heard the same music (The Midnight and Gunship baby!) or watches the same shows I have anymore.
Netflix execs: You know what will get our customers back? Advertisements and cracking down on password sharing.
RIP Netflix.
Xena was great because the whole show was a literal redemption arc. She started out as a villain in Hercules. The whole show was all character development of her trying to be a decent person, and not always succeeding, with some really fun sexy girls kicking ass interspersed throughout.
The only reason I still have Netflix is that it's my part of sharing subscriptions with my brothers. The moment Netflix tries to crack down on sharing I'm canceling.
Netflix is failing like a lot of these film studios have been lately. Due to the fact that they are focusing on preaching politics rather than telling good stories well told. There’s not much content on Netflix I care to watch myself personally. Most of the films I watch are older big budget Hollywood movies anyway. Lol
I think two major things killed Netflix. Losing the rights to most new movies, as they are all exclusive access to various other services and price hikes. Simply put your paying more and more to get less. When I had netflix it was because it was easy, it had every thing I could ever want to watch all in one place. Any new movie that came out would always be on netflix, nearly any old show would also be on netflix.
Then they lost Fox, Disney and countless other companies products. Yet keep increasing their prices.
Years ago we feared the Internet would become like cable TV...it did, and people don't like it.
What I find interesting is that none of these services seem to understand supply & demand economics. High supply doesn't necessarily drive demand. Often times it is low supply, the perceived scarcity of a commodity, that drives demand. These services think that if they just pump content nonstop, that will drive demand, when in fact, if they majorly scaled back and put out a small amount of very quality content, that would likely drive demand as it does in the more physical aspects of our economy
Awesome to see Mr. H.!
Going woke has broke them
Can Netflix NOT SURVIVE if they simply maintain around 200 MILLION Subscribers?
I mean they've dropped from 220,000,000 down to ONLY 219,800,000? But I guess 'capitalist business' just expects the company to KEEP adding more customers forever?
Amazon’s model is perfect…. The TV part is an add-on to a service people get actual value from (free Amazon delivery).
I still have Netflix as it's my bargaining chip with my brother in law's willingness to share his passwords to other streaming apps. One thing I've noticed that i haven't heard anyone else mention is how many 80s and 90s crowd pleasers suddenly show up in the three months after Christmas.
I don't think streaming for traditional produced content is dead, but these service do seem to be trying to kill it. They deliberately make content that appeals to almost no one such that even though they have shows it seems to most people like there's nothing to watch.
Streaming services like CZcams will survive for now though. There's more here I'd rather see than on all of those services combined, and that content isn't traditionally produced.
But prime also has a model, where you pay for prime (which they raised), & then you have to pay more for certain shows & movies. And not a small amount. A series with 20 +episodes @ 4/5$ per. What a crock. AND you also have to pay monthly fees for kindle & audible.
Thank you.
I have not heard "what a crock" in a long time
Prime is expensive when you think about it but people been paying for it over a decade they couldn't live without it.
@@cattysplat wanna bet
There has been a streaming crash coming for a long while now. There are too many and every studio or network wants their own, which is just impossible to afford. Everyone hated cable, but they at least gave you all the channels in one bundle. It got expensive and people jumped on the streaming bandwagon, but now it is almost the case that with internet access fees, any streaming services you buy in lieu of cable is just as expensive. Then you don't get local stuff and sports. Then you factor in that many of these "big" streamers are woke AF and people are starting to get a clue a lot of the content on them is stuff they do not support at all and it is worse than cable ever was.
I do not think the market can support more than a few of them and they will collapse. People are talking about Netflix and the big boys, but I think it is the smaller ones that will really get crushed.
I’ve still got my DVD collection, only had to pay for those once, and no subscription charges thereafter.
I could tune my wee TV in my bedroom to pick up STV as well as ITV and a really fuzzy channel 5.
Felt like a tech wizard.
I remember my father putting up an extra aerial so he could watch RTE 1 and 2 the Irish television channels
@@derekmcmanus8615 stv and itv were practically identical, the news was different and that was about it, but I felt like I was on another level.
Overall content selection is abysmal original content is garbage & yet they charge the most for their subscriptions. HBO Hulu Amazon Disney AMC Paramount & pretty much every other streaming service you can find now surpassed them a long time ago.
Netflix needs to dig hard and start offering movies that have not been seen in many years if they want to keep subscribers.
You’ve forgotten the other advantage of Amazon, if they don’t have the video for free you can usually rent it at low cost.
A fun subversion of the "strong female" was the character of Hit-Girl who is an eleven year old girl chopping limbs off of very dangerous people and is clearly more experienced and stronger than the main character. It's unbelievable, irreverent, vulgar, and totally fun.
EDIT: The kicker isn't that it was her father that trained her, it's that he trained her to be THAT way. heheh
Turns out the folk they are making shows for don’t pay for things… or else use other people’s passwords. 🤣
Time for market forces to sort things.
"Remember when the UK only had 4 channels?" I remember when here in Portugal we only have THREE channels and the fourth one was opening. It was before cable arrived here too.
I'm among the many that recently dropped netflix. I was thinking of doing it for some time. I go months at a time without watching anything. The last straw was this price hike combined with the continued reduction in their offerings thanks to the constant fracturing of the market.
Really happily surprised Mr H is on the stream. Always it would be a good collaboration if the Critical Drinker and Mr H did a video together
Like on the Hub?
I keep Amazon for the free shipping and kindle content more than the streaming, in fact if they said $60 off to remove the streaming I'd jump at it... I used it for Whole Foods delivery a few times last year, but then they changed that to $9.95 per delivery (plus driver tip) and screw that. Netflix I signed up for maybe a year ago mainly for a couple series, one vanished before I got to watching it, other content has gone away, I did find a few anime shows I enjoyed but I think I've watched most everything worth watching... Other than trying a few initial episodes of things that were obviously going woke I haven't really found anything new to watch in a couple months, and now they're raising prices *again* in May?!? Less worthwhile content for more money - shrinkflation might work at the grocery because I still have to eat, I can give up Netflix pretty easily though.
I've never been on board with this streaming service thing anyways. I've always appreciated the traditional methods far more. The sooner this current service collapses the better.
But the elites told us that we will own nothing and be happy. *sarcasm*
I (probably every intelligent person) noted three years ago that people weren't going to sign up for 20 streaming services, and most of the ones were going to get weeded out evolutionarily. Hence 'The Streaming Wars'. That being said, I don't think Netflix is dying or going anywhere, it's just the bizarro late-capitalistic narrative we have to live with now where being successful isn't being successful, having an exponential profit curve is being successful, and not having one is dying. It was so nice back in the 1990s when people didn't have clickbait inserted into the way they thought yet, networks would struggle for years, and everybody just laughed about it. I can't remember, but I think it was CBS who struggled in the 90s, couldn't find their voice in primetime, then in the 2000s it was NBC. Every primetime drama and sitcom they tried just sucked, where they once had dominated with their sitcoms. And it was just like something for SNL to laugh about.
These streaming services are living in the same world as those networks. You have a perfectly sustainable company that can endure ups and downs, so long as you run it like one, and not according to some ridiculous growth chart that shows you'll have 25 billion subs by 2030.
Is Netflix being run like a sustainable company? 30 million for an episode of Stranger Things according to another poster here? That seems to indicate no.
None of the streaming services have good content. No point in having them.
Wow we unsubbed during Cuties. Thats our line. You know, child stuff. I'm glad to see them crashing now. It's like watching a bomb go off and you know you're safe.
I totally agree! the mass options causes slight panic when thinking of watching something! I miss when I was a kid and you would watch Stargate every Thursday night at 7:30 or Home Improvements at 6:30 and it would be an episode 3 days a week you spoke about it and invested more care and thought into it! you had to wait so it was exhilarating!
I forgot Netflix even existed until I saw the thumbnail for this video
I see Amazon being the next "Netflix" in terms of popularity.
Especially with the MGM buyout, and bonuses with Amazon Prime and Twitch. There's just more content and other things to do with the sub.
And personally, I know there's a new Stargate series (TV series canon) being pitched right now, so hopefully that turns out good. I'd love to watch that.
Netflix NEEDS to make more quality content.
They have the library, but just do nothing with it.
Its a blip. They "may" recover from it. However 80% of my visual Entertainment media is youtube these days. Watching real people, doing real things. Its refreshing, free from b.s, music you don't like and politics, depending on the channel obviously.
Agree. While I dislike CZcams’s bs most of the time, paying the premium allows me to watch what I want without commercials
@@chongli3007 and if you were smarter, you’d have gotten Adblock and pay $0. 😅
@@GeneralBlorp ad block doesn't stop the in channel ads. Plus thats how the home made content creators gain revenue.... So 12 seconds here and there doesn't bother me
"Dame Edna as the next doctor" may be the funnest thing I've heard in a year. Bravo sir.
Before cable in the US many households only had 4 channels as well, NBC, CBS, ABC & PBS.
A lot of this is market saturation. And some of it is about changing tastes. Free platforms like tik tok and youtube along with a myriad of others is where most of Gen Z goes for content. Each generation has their own take on entertainment. Gen Z demand good content, doesnt have to be high quality, it just has to be good. There is a difference. Until streaming and movies companies understand this, they will piss away 100s of millions on cgi effects when all Gen Z want is good content. A solid story or effective humor.
Millennials had streaming, Gen X cable, and boomers video rentals. Its all about changing demographics.
There must be many factors...one of them is: All the BS from the Corporate Studios, has soured audiences to anything they are making.
I for one have No interest in watching anything on the Big Screen, Cable, or any Streaming service.
(It is exceedingly rare there is anything I have marginal interest in watching)
My interests have shifted to CZcams content creators, discussing Culture, Politics, ...
It’s actually crazy how they target like 5% of the population and expect generally positive reception from the 95%
Cancelled our Netflix sub back in June 2019 shortly after they jacked the monthly rate from $8.99 CND to 13.99 CND. Regardless of the 40% increase which was the final nail, we simply were watching it less and less as more times than not, you would spend a good 15 minutes or more to find something to watch, and 100 minutes later realized you just wasted your evening and part of your life on rubbish. Quantity over quality seems to be their philosophy. We signed up for Prime that following winter for the product discounts & delivery savings in hopes maybe it would be better - nope - even worse. Found the Drinker, listen to what he recommends, no more time wasted - movie night is good again. 🙂👍
Netflix has a bad habit of shrinking their content and raising their prices almost in the same breath. Like, you look for a show you enjoy rewatching and it's not there anymore, and then you get an email about raising the prices. And then it tries to push it's OC on you, but there's nothing there you want to see, because it's all like a cheap, dumbed down, trashier version of something you enjoyed that they used to have on stream but don't now. At some point, you realize you're just here to rewatch the good Star Trek and Supernatural, and you could just buy those and not put any more money into it. And then they lost Star Trek too. And that's when I went out. I'd rather deal with ads on a free streaming service than their bullshit. Especially their terrible UI that makes it almost impossible to find any content they're not actively pushing in your face unless you know it's there from some outside source and search for it by name. Whatever happened to alphabetical listing?
It sounds to me that one of the chief mistakes that Netflix made was, in a sense, not monopolizing. As much as I dislike monopoly, especially in film (hence part of my hatred for disney) Netflix made the mistake of being "one of the first" without having their own PROPER studio to back it up. By this I mean, it seems as though all the content contracts that they wrote up were from before anybody really had any idea streaming would diversify this much, they enjoyed, for quite some time, VERY little competition especially internationally, so they had films from studios like FOX, Marvel, WB etc. then they lost all of them because they didn't protect those contracts and didn't do enough work to build their own Brand in terms of films and TV...and now they're losing. It certainly seems to me that Netflix is the Archetypal Icarus story. It's also particularly entertaining that even people at Netflix had talked shit about the Blockbuster CEO for his Boomer mentality, just to fall to the same fault...which is "Not fully appreciating the gravity of new products and tech"
They just do not have any good original content. They are spending $17 billion per year on content and they are producing Umbrella Academy which is going to have the first character transition in entertainment history.
Here is the thing they are so proud that they are getting to do that and yet they cannot figure out why people are not interested.
@@bighands69 I mean, that's a Part of what I'm saying. They may have been the first big streamer yet they release mostly crap, they have no big legitimate studios under their umbrella anymore and the studio they own's crowning achievement is something most people just can't be fucked to care about because they're not a real studio...they're a propaganda mill.
@@PorchBandit
I think they do not have any studios of their own at all and never had. They get established studios to make their content.
Clearly their judgement in TV shows have been terrible as of late. There early shows were fantastic but their more recent shows have been unwatchable.
It is even worse on Amazon.
@@bighands69 hmm...I figure they have some semblance of a studio to do "Netflix Originals" but that may not necessarily be the case.
Just watch your own expierience with:
a) a movie you generally liked
b) a movie you generally disliked
For a, because there is enough you like in there and nothing terrible, you gloss over some negative things. The movie "gets away with it"
For b, if theres not enough you like in there or something terrible which kills the whole expierience for you, much more of the small negative things will jump right into your eye
These streaming services are the same. They increased Prices while putting more crap on. Now theyre even talking of putting ads on for Netflix. Then theres also that "Exclusivity" hype going on. Its started as, "sign up here and you can watch 60% of what you like here for 10 bucks"
Now, for the same content you would have to sign up to 3 or 4 diffrent Streaming Services and everyone of them cost 10 - 20 bucks roughly and they crapping on their IPs. Im only schocked this didnt happen earlier.