How Netflix Lost Everything.
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- Опубліковано 9 лют 2025
- How Netflix Lost Everything...
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Netflix is going to go Bankrupt at their current rate. That’s a wild sentence to say out loud. Remember 2014? They were unstoppable. Netflix was the cool, cutting-edge company. You wanted to be the “Netflix” of whatever industry you were in. But, now they're struggling to retain relevance, and going through desperate measures to turn profitable.
What happened? How did a company with so much promise LOSE its power in a mere few years?
The golden child of tech is now desperate to stay alive.
I hope you enjoy the video, comment below "Netflix" or "Blockbuster" to let me know what you think👇
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Hey, where did you come from anyway? I'm asking because I just saw you on recommended, you have 3 videos of what seems to be a pre-planned series posted within a month and the channel was only created in January of this year. There's clearly good production behind this, but I don't have any context or leads to look at just from the channel itself. So seriously, how have you launched off so damn fast? It would be silly to think all your subs just came from randos stumbling on it like me.
Sorry, but this so-called documentary is retarded.
You didn't mention that the Netflix videos/content is region sensitive. More than half their library isn't available in my country and they ban your account if you watch American Netflix when you're not an American citizen
From my point of view, what's primarily caused their downfall is that they've exposed themselves to be a company of hypocrites who virtue signal about tolerance and acceptance while not even attempting to hide the greed, entitlement and intolerance of their delusional employees. Ideally, consumers shouldn't even be aware of what a company's employees are like, but here we have a group of activists who aren't able to see farther than to the tip of their own nose.
Those employees are lucky that they have relevant talent in the tech industry, because otherwise they'd be no better than Frosk from G4TV, and the company would never have flourished as much as it once did.
HBO Max is overrated and does not exist outside of the USA
We cancelled our Netflix over a year ago, because we were spending more time looking for something to watch over actually watching shows/movies because there was literally nothing good to watch.
“We got you fam, that’s why we got the office, friends, and Seinfeld. You can watch reruns of 20 year old shows! Isn’t that great?”
-Netflix
What's wrong witch'ya?
Don't you wanna pay monthly to watch 13 Reasons Why, Stranger Things, Dahmer or some overhyped, overrated, super cool modern POS series?
Or maybe rewatch Maria Carrey's Glitter?
GREAT MOVIE!
@@misanthropicservitorofmars2116 they actually removed The Office and gave it to another streaming service called Peacock. Sad isn’t it?
@@gudgurl 🤮🤮🤮
You rich fucks
It’s crazy the amount of quality shows cancelled that had consistent viewership, many with very very high worldwide stats and praise.
It's not only Netflix doing that: HBO cancelled Raised by Wolves and I've been crying ever since.
yeah
Still mourning Marco Polo 😢
@@welcometoskyvalley Raised by wolves was terrible.
@@atb2674lmaoooooo i forgot about that show...how many shows have we waisted our time on...only to fall into oblivion?
I remember reading years ago that the Netflix CEO supposedly made a statement to shareholders to the effect of "We have found that the quality of our content has little relationship to the acquisition or retention of customers". The idea was that they could save money on content and not lose customers. It was probably correct in the short term. There would have been a delay before disgruntled customers cancelled their accounts, but after the damage was done it would be difficult to repair and they would lose customers in droves.
Boy was that CEO wrong
Yeah, it's my personal view that that it is precisely this crap content that is killing the service, not the competition. Streaming is nothing but a direct feed to entertainment. You fail to entertain, you fail at your job as a streaming service. He-Man, Cowboy Beebop, The witcher: blood origin, the list of mistakes is too huge to mention. Those many flops havel tarnished the brand's reputation. I believe your assertion is spot on.
What I had read was also that they had made their fortune off of content from other providers (think NBC Friends) and once all those licensing agreements ran their course, the other providers took their ball and went home. They got lucky with some of the early productions, but sometimes people just want comfort food/background noise of something familiar.
@@torgrimhanssen5100 try to buy anything in the US from outside. You can’t do it. You can’t even buy for a friend within the US. Most will reject your credit card even if you try to fake a US address. Meanwhile, you can order whatever you want from AliExpress.
And they wonder why they have a trade deficit.
If accurate, that show's a lack of respect for the customer almost as bad as Gerald Ratner's "How can you sell this for such a low price?", I say, "because it's total crap."
When they canceled all their popular shows to spend 100 million dollars on Friends, I knew it was game over
For me it was Frasier.
Didn't they also make their own "edits" of Friends? Now there are a lot of scenes which are only on the DVD version and not online, thanks to Netflix. They made the experience of watching Friends subjectively worse.
Friends sucks
@Peter I appreciate the enthusiasm friend, but I don't think you need the laugh track removed to know it's a bad show lol
100 million dollars on that trash ? What a waste
The password sharing is a big one, it showed to many that greed is now becoming the biggest factor at Netflix
disagree, they need to be able to pay for the upkeep and be profitable in this new economy. IMO the biggest thing has been the drop in quality content, and the canceling of shows people get invested into. Now, even if a show is good, people don't watch because they know it may be canceled after the first season.
if they still had good content, the password sharing wouldn't have been a problem. I called up all the people on my account when that happened, and discussed keeping the subscription, but we all realized we don't ever use it anyways so canceled. I suspect most cancelations followed a similar pattern.
Netflix,s is dark side is showing
Also, the number of shows that’s been canceled has led to a significant and increasing number of subscribers who hold off on watching new shows, and wait until the last season is out when they know it won’t be cancelled.
This obviously leads to fewer people watching new shows, which Netflix interprets as a lack of interest. So they cancel the show 🙄
…which leads to fewer people watching new shows because they'll likely just be cancelled anyway. And round and round it goes.
Even POPULAR shows get cancelled! You just can't win with Netflix.
That's what I do. I feel like it's not worth watching Netflix-made shows anymore, because they're probably just gonna get cancelled after one or two seasons, no matter how good they may be. I've been let down by them too many times. If a show reaches its third season, I might give it a go.
@B H even when they don't immediately cancel, they mess it up with increasingly stupid stunts like with the Witcher. They had an established fantasy series, an enthusiastic fan of the stories for a lead and an A list actor to boot. What do they do? Write 90's trash fic with OCs vaguely resembling the story characters. Then they start a smear campaign against Henry Cavill when he drops out as they failed the one clause he had as a stipulation to play Geralt.
Everything in this video we already know. What's missing is the part about how this all leads to them going bankrupt.
Those are the idiotic steps. We know that these leads them going bankrupt by looking at their stock and financial statements...
@@foljs5858 netflix is one of tow streaming services actually making money the other one is hulu
I didn't know.
cause the title is bait.
A quick Google search has analysts saying they're recovering quite well in 2023.
I absolutely cannot stand these click bait garbage channels.
The saying "you can die a hero or live long enough to be a villain" seems pretty applicable to Netflix rn. From disrupter to being disrupted. From the cool kid to the out of touch adult. Sadly, this seems to be the typical life cycle of (many) businesses. Start out as a unique and consumer friendly, blow up, become like the very thing you once disrupted, get disrupted, rinse and repeat.
bait and switch is the basic model for most "disruptive" businesses. Spotify is the same, and probably much worse.
Unless your business gets big enough, and then you can just buy out all the potentially disruptive competition and lobby your guys in DC to continue bailing you out whenever your shambling corpse of a company runs out of things to sacrifice just to keep itself afloat. 😓
@Cuddles they did kill Adobe Flash by not allowing it on their early phones and devices
GTA V we are talking to you too 😂
netflix in 2013: love is sharing your password
netflix today: your not even allowed to use your own account unless we say so
I feel bad for the poor Blockbuster employee who charged that fee to Hastings. Little did he know that would start a chain of events that would totally kill the business.
Haha I wouldn't want to be him....
That story is almost certainly a lie that Hasting made up. Netflix themselves used to charge late fees in the early days of their DVD by mail business, which contradicts Hasting's claim that late fees are why he formed Netflix. And Hasting's telling of the story over the years isn't consistent.
unless said employee wanted to get back at the boss?
I don't even know this story but it most likely is fake like most stories by rich people.
@@TheOfficialHorizonYT lol
You hit the nail on the head by saying people no longer need Netflix. I held off cancelling for a while but eventually I realised that it's impossible to get invested with a Netflix show as it will just get cancelled. There are far too many discarded, unfinished series on there that I just don't trust starting one up. The quality has really fallen out and for that reason I'm happy I cancelled my subscription.
He didn't really hit the nail on the head. He completely missed out on the fact that a significant number of viewers grew weary of originally white characters painted into african colours at every single opportunity, even when it made no sense (look nordic gods)
@@kacperzimowski4626 no that's just triggered, soft right-wingers.
@@jonnyc429 you dont know the definition of right wing so shut it
Why do you make such a big deal about cancelling your Netflix subscription as if it's an irreversible step in your life? I cancel/resubscribe about 5 times a year.
Sure you can go with that lmao. The who bud light fiasco proves you wrong. It isn't just "triggered right wingers". It's all the people in the center with a brain who realize black washing is just as racist and bad as white washing was and doesn't wish to repeat the sins of the past but in a new color.
The sad part is it is much wider than just race washing, but also gender washing as well. They toss these atributes in without any rhym or reason and expect it to carry the awful soulless content. 20 years ago they could have a mixed cast that fit and all had deep characters with goals, mistakes, and relevence. Today, most characters depth is skin deep as the only thing that defines them is what boxes they check off and they call that "content".
That's the truth. Either you see it or you are too brainwashed to think for yourself.
What happened?
People are tired of good stories getting scrapped in favor of new IPs. At first it was hot profits, but then people realized they wanted closure on all those plot lines.
I think its more because… Netflix just ruins all the series they try to make cowboy bebop for example.
Then they can’t get the shows from good creators because they all go to the big studios.
@@RusticRonnieI don’t think that’s it it’s more like their way of releasing the whole season at once then it gets like a week or two discussion before we forget about and move onto something else cause it will take a year and a half or 2 years for the next season and they don’t do much marketing for their shows they rely on word of mouth advertising and by the time the content develops a fanbase its cancelled cause it didn’t do the numbers they were expecting due to people not finding it sooner
Yep, when they cancelled 1899, it was the last straw for me.
I can’t stand Netflix anymore, and they talk about everywhere, even the Muppets!
im surprised the shows they do make arent worse than what they actually are...maybe on par with b movies from 30yrs ago or something as low as that..
He is right at @9:58 when he said that "Unfortunately for Netflix, there's nobody to blame but themselves" This is what a lot of people hate about some platforms such as Netflix that use to care back in the day but now, it seems that all they cared was about making as much money as they could.
That story about WW2 planes returning with bullet holes and people putting armor plating where they see bullet holes applies here. Those areas didn't need the armor. The area without the bullet holes needed the armor. The bullet holes in returning planes is password sharing. It's not password sharing that's bringing the planes down. It's the other areas that are getting hit.
That’s a good point. People who share passwords still use the service.
Why would the areas without damage need armor more than the areas with holes?
@@PowerLvL9000 Because the planes that were hit there didn't come back.
@@PowerLvL9000 Some planes survived & returned to their home base. Those planes had bullet holes in certain areas... but they survived. Other planes weren't fortunate. They got shot in critical areas and plunged (crashed) into the water (or the earth). Unfortunately, the planes that crashed weren't available for analysis. The "critical areas" of the plane (mentioned above) had to be inferred ("deduced") indirectly... by studying the planes that SURVIVED.
@@PowerLvL9000 Imagine you're a doctor in a hospital near the Battle of Gettysburg in 1860 (?). A soldier walks in with a gunshot to his shoulder. His buddy lies out on the battlefield, dying of a chest wound. You focus all your attention on the guy who walked into the hospital with a shoulder injury. You declare, "These soldiers need shoulder protection!!" The other doctor, who visited the battlefield to treat soldiers dying of chest wounds, disagrees with you. Who is correct, you or the doctor who visited the battlefield?
I can relate to his frustration towards video rental places being broken. I rented a PSP game and when I returned it, one of their employees stole the game and reported it as "not in case" so I couldn't rent any movies or games until I paid for a game I didn't get to even keep. My dad was furious and didn't believe me for weeks while the late fees piled on. Oh yes, until we paid for the rental copy, they were charging us late fees.
A game our family couldn't afford that cost 50 dollars turned into a 50 dollar rental.
everyone: "i don't know maybe increase the quality of the shows and service?"
Netflix: " *NO PASSWORD SHARING* "
they watched blockbuster fall but didn't learn anything from it
A tale as old as time…
I'll add something too. Netflix are not only player in industry now. Now we have Disney+, HBO max, Amazon and not to mention other local player in region like in Asia.
@@yudhiadhyatmikosiswono9082 i can't talk for everyone, obviously, but i decided to cut the root of evil and unsub from everything that my family was not using every day.
i feel like this will become the norm, and i hope it is. my kids keep watching a few shows that i filtered, but i have fully returned to pirating like back in the day.
as soon as my kids are old enough to understand how torrents work, i'm convinced i will drop everything.
i'm done supporting these hacks, and hope the rest of the world joins me.
@@youruncleted Well if they keep cancelling everything after one season why give them your hard earned money when you're almost certain you won't be seeing a return in your investment. All the while producing more seasons for shows that no one's heard about it take seriously, eg. that cringey 365 Days garbage.
It is understandable that Netflix try to eliminate people who steal subscription. Sharing account is not much better than piracy.
This youtube channel feels like an experiment by a larger, already established youtuber. Your videos are of pristine quality and the video editing and voice narration is top notch.
Thank you for compliment, but this is my only channel (I’m not some big UA-camr)! I just work really hard on these videos, cheers!
It seems like he takes some inspiration from Moon, but I like his less apocalyptic style. Everything Moon does is over the top to an extent.
This style also reminds me of John’s videos on Magnates Media
It was inevitable. With Paramount, Disney, Apple, and others building their own streaming services, these companies stopped licensing the movies they owned. Much of the good content on Netflix was licensed from these other companies. For example, a popular series on Netflix was the Star Trek franchise. In one move, Paramount stopped licensing the Trek franchise and began streaming it on their service. Star Trek was the main reason I had a Netflix subscription. Once that was gone, so was I.
Had netflix for over 10 years. Quit it last month due to lack of content. I always limit myself to two streaming services and Amazon prime is a given due to the free shipping so it only leaves room for one more and Netflix didn't make the cut anymore.
Which one is your other, if you don't mind me asking?
Currently it's Disney+ but we will be switching it up from month to month depending on what we want to watch. Next month it will be crunchyroll since my son loves Anime. I think that is the best way to go since there is no "perfect" service and sometimes I want to watch something that is not available on one so I'll just switch to another for a month or two.
@@arip3363 Neat! My family's still got Disney+ too.
I think Crunchyroll would be a tough sell tho... I'm the only anime-watcher in my house, and even that's not all that consistent...
@E4439qv5 many people rotate their subscriptions that they have. For example, subscribe to Disney and watch everything on worth it to you, then cancel and subscribe to HBO, watch everything on it worth it then cancel that. Just keep rotating what you're subscribed and binge watch to and cut your subscription costs down to a fraction what it is without sharing passwords.😁
Amazon is trapping everything behind secondary pay walls.
The problem is these business models are easily reproducible.
Netflix doesn't have much content so it is heavily dependent on major content providers, that is, until, they themselves started establishing their own streaming service.
😶
I was wondering why everybody didn't switch to Tubi for a full 3 years. 😅
There is just one problem for the content producers like Disney. They are finding that streaming is far more expensive than they expected. They are all losing buckets of money. It's not just Netflix streaming that is in trouble.
@@PxThucydideshbo max and Disney+ both had a leg up when they entered the game that Netflix didn’t they have a backlog of content they can switch out every so often to keep it fresh Netflix doesn’t have that so they are being left behind
Disney has mickey mouse, donald duck and goofy. Netflix has people who they can't IP own and they use people as toilet paper.
Netflix did try to solve their content problem by green lighting just about anything and everything. So, why did this fail? Was Netflix just bad at creating content people want to watch more than once? Is the "binge" release model just really bad for viewer retention? Did they prioritize trying to create HBO style content when what they needed was a Friends or the Office style show?
me, when someone mentions raising prices: *laughs in pirate*
Haha, thats one way to avoid this password fiasco! Cheers mate!
Yarharr me mateys
Netflix's logic: "Our product isn't selling so we'll increase the price."
Big brain move right there.
Your channel feels like proof that hard work/production quality does find viewers on UA-cam!
It really is haha, I don’t have any large creators or audience promoting me, and I started from 0 subscribers. Thanks for the encouraging words!
@@TheOfficialHorizonYT algorithm improved, I heard.
@@TheOfficialHorizonYT hey what do you use to create your videos? :)
Quit sucking up and get off his dick.. this channel has been up for only a couple of months..
@@pureChem1calz A video editing program I assume.
as soon as Netflix started posting their profits, EVERY movie company saw how much Netflix was making off of their product and started raising their license fees and started working on their own streaming service. i would much rather give the movie makers the money than netflix. now there are only a few things on Netflix that are worth watching
They’re the Blockbuster of the 2020’s
I wouldn't be that harsh. Technically they are not ancient like Blockbusters were. It's just that they started fiddling with terms and decided to obey the nasty woke agenda. And let's be honest, the competition is heavy.
@@magnuskallas
Blockbuster existed for 29 years (1985 to 2014)
Netflix is currently 23 years-old (Netflix started in 1997).
Netflix is almost as “ancient” as Blockbuster was when they closed their doors for good.
@@DanielS2001 Excuse me, I should have elaborated the ancient tech. VHS is never going back, disks are not a thing either... In that sense Netflix is on the bar and not ancient, it is stupid.
@@DanielS2001 Face the reality no-one dares to say out loud as it is... But the people paying spell it out with their wallet - certain "exotics" are best servered moderately. Yes. People just switch channel once thing goes... to the pile.
@@magnuskallas I advise never posting such a comment in r/VHS or r/dvdcollections on Reddit. XD
Also, Netflix doesn't have everything available. So, it might be great, Netflix is still lacking. But then again, any media format is true in regard of their drawbacks (this has been an argument as far as when the movie industry were battling for an audience against television after it was first introduced.
I finally got some free time to watch 1899. I settled down to binge watch the whole season on a day off. I happened to glance at my twitter feed before hitting play and saw "Netflix cancels 1899".
*sigh*
I'm done. Netflix cancelled.
Their crackdown on password sharing is repeating an old mistake. As this is the same error in judgement the recording industry made back in Napster days. That is is the assumption that everyone who consumed your content is someone who would have paid for it.
Netflix is not losing anything with password sharing, it's just being spiteful and spiteful is what got Blockbuster where it is (nt) today.
@@godfreyberry1599 Pretty much. Most people I have known only shared passwords between 1 to 3 people anyway. But once you start making legit customers jump through hoops is when they start jumping ship.
@@deltasyn7434 That's right. Competition is still fierce and Netflix is losing.
I canceled my subscription well before they crack down on password sharing(2021) Honestly, Netflix has trash content anyways, but yet My Aunt still has it but that’s her loss. I’ve been team Disney and Hulu since 2021 immediately after canceling Netflix. it’s not just because of the password sharing, but it’s mostly because of the content and I feel Disney and Hulu have a lot more to offer which I know will seem like a hot take to you guys but it’s true
You know, Netflix (or any streaming service) would probably do better if they had all of their experimental/bad movies and shows in a section where if you just wanted to watch something random and didn't care what it was, you'd select that, and they would come on. It could be like some sort of focus group where the customer could rate/comment on it and if it had good enough ratings then it would be released on the main Netflix. If a person really liked it, they could have it in their que and rewatch as many times as they want and get first news on if it is going to be released. If a person hated it and backed out before the credits, then a prompt could show up asking a quick survey on how they liked the movie and if it has low enough ratings, then it is just doesn't show up again.
Netflix used to have customer ratings so you had a sense when something had a bad rating before committing to it. Then that was eliminated and the quality overall declined.
"Bad rated movies" section would be fun. We had a blast riffing on Sharknado. A "So bad it's funny." would be great for a soda and popcorn while making fun of it with a friend on a couch.
The problem is when people get confused with a bad movie and their opinion.
Love that analogy at the end. Netflix is becoming the very thing they were trying to break away from: Cable TV.
if you don't allow password sharing, customers will leave. its pure karma
Very sad how such a pioneer of a company shunned their community for money...
@@bluebandit4708 there a full blown industry behind password sharing.
I don't think many people care about this change to account usage. We are all quite familiar with the concept that we are gaming the system to get free accounts. It's only cheap skates that will kick up a fuss. Most of us will just keep using our Netflix accounts. After all, I didn't pay for my Netflix sub to share the password, I got it for the service.
Something else they've done recently is crack down on VPN use. The IP address ranges of many VPN providers are now blocked, prevent subscribers from viewing content in other regions. Yet another action that makes Netflix less attractive to subscribers.
Archive 81 and 1899 needed to be released weekly. Each episode needed time to breath. And they really needed to have a second season to grow. How Netflix managed them was moronic. It's like everyone on the board has shit themselves and every decision they have made the last 5/6 years have been wrong. The password sharing thing is going to backfire on them and genuinely think they will either be bankrupt by 2025 or bought over by one of the rivals.
I've just started watching 1899, it's pretty good hey?!
@@gavinw77 it was really good. Shame Netflix cancelled it after a single season..
Netflix has the same problem as Facebook, if they cease to be the least common denominator then they're nothing. At this point I can only say that they've accidentally created a handful of shows that were great, but most of them have been made worthless by not giving it a final season. Once Stranger Things finishes I no longer have an incentive to keep paying for the service - I was going to finish rewatching Arrested Development, but I guess I'll have to go back to the DVDs now 😅
What makes you believe stranger things will finish then?
Trash show with too many children involved.
@@sergiofonseca2285 Season 5 is the final season
There was a time where when I see the Netflix original in the beginning of the movie, in my mind: "Oh, this is gonna be dogshit"
>implying that this isn't the case anymore
Or "my goodness this was so f*king cool and amazing! Anyways, is gonna get cancelled tomorrow so why bother engaging with it"
Netflix can vanish tomorrow and I wouldn't lost a second of sleep. The sooner the better I say. They cancelled to many shows that I adored, I got burnt so many times that I simply no longer want to start anything Netflix related until it's completely finished.
Market capitalization of Netflix (NFLX)
Market cap: $154.96 Billion
As of February 2023 Netflix has a market cap of $154.96 Billion. This makes Netflix the world's 74th most valuable company
until it's completely finished. DO YOU REALLY WANT THE ENTIRE COMPANY TO DIE? Come on Man.
@@Bitcoin1y I guess I can't say that I WANT them to die. I am not that malicious. But even if they did die, I would probably have a good chuckle. Wouldn't miss them at all.
@@uros.u.novakovic ok thank you, i said the same thing about Apple, Microsoft, And Google. and I hated McDonald i mean
their are so many better restaurants then McDonald. But Netflix could be better and if they can't compete they will likely sell the company who knows. Their are many companies i hate where i think their existence is worthless. But where would you go to watch shows and movies other then Netflix may i ask?
i heard other people mentioning HBO MAX or i am sure their are other options.
What would u say is being neglected by these major streaming services and how would you say it would remain sustainable
Netflix offered a fair product for a fair price until all the other content providers decided they each wanted their own slice of the pie. We can't subscribe to 15 different services for $10 a month.
Then on top of that Netflix screwed the pooch by repeatedly cancelling popular series and then turning out misandrist crap before finally talking about going to a fairly hostile subscription plan and raising the prices on their services about five bucks too much.
What would you say is being neglected by these major streaming services and what models would you like to see these streaming services remain sustainable?
I love these documentaries recently
Thank you so much! I put a lot of work into these!
Who is sponsoring them I wonder? Bill Gates foundation? Don't get me wrong, videos are top quality.
@@TheOfficialHorizonYT it shows. It's nice when the algorithm brings me quality content like yours. Subscribed
Only recently? Not past ones as well?
This video is so shallow. Netflix is doing great, they lost subs for the first time last year, so what? They still have over 232 million subs worldwide and make literally billions every quarter!
Also, they gained more subs this year even with the price increases, please do better research next time.
You forgot to mention that their share price has more than doubled from the low it hit in the middle of last year.
I really like that this video does not blame competitors, as so many people do, but Netflix themself. If they put all them money the put in the producing garbage into acquiring licensees they would be still doing fine. I believe that they felt into the idea that if they have their own stuff, its theirs forever and they wont need pay for licenses year after year. But did not realize that anytime you want sudden increase in quantity, quality suffers.
Exactly, the point I wanted to make is that ultimately it is a free economy and a company is to blame for their own downfall...
No, what Netflix needs to do is stop making Anti Consumer decisions and treat all their animation creators better indie or otherwise
No, what Netflix needs to do is stop making Anti Consumer decisions and treat all their animation creators better indie or otherwise
same with disney. they are doing the same.
They have produced top content (like Narcos or Stranger Things). In my business they're hyped for their IT innovations and their technological infrastructure. Apart from the content delivery all those technology investments haven't improved the user experience or features of the service at all.
The biggest mistake Netflix is making is by cutting off good TV shows after one season. There is no point cancel shows even if it does not make money.
Make them available to other networks after some time and it will pay for itself and bring some profit.
Your documentary episodes have more information and are more entertaining than the content on Netflix, thanks great episode👍
Haha thanks for the laugh mate, cheers!
what about the impact of "Cuties"? Seems to me that the backlash from making that show had an adverse effect on Netflix. I personally know that's why almost everyone I know dropped Netflix.
Yep. Between that and the Netflix Brazil "Jesus was gay" piece we tapped out never to return. My sister suggested we go halvies on a Netflix subscription for our mother this past Christmas. I told her I was uncomfortable giving Netflix any money, even if I wasn't consuming the content and why. She hadn't heard - she's a bit insular marching to the beat of her own drum. She went off and researched. 30 minutes later: "Oh. Oh my. Mmmm, yeah. Guess we're not doing that." The cuties debacle was enough.
And the explanations from Netflix: don't make me laugh. If you were really making a documentary about a situation you don't need to put kids into that exact same predicament. It could have been as a real documentary without kids dressing up that way.
@@roadrash1021 I almost mentioned the Brazilian show but wasn't sure if it was Netflix or another streaming service.
Surprised nobody else mentioned it. This was the reason I canceled.
I'll never forgive them for cancelling The OA and The Society
They obviously needed room for What Lies Below 😭😭😭
Yep, also lately "1899". Plus, they've practically murdered their golden goose, "The Witcher", by terrible writing. Now it's just reality shows, stupid American comedies and shows for teens. Good luck with that content.
And altered carbon. Fuck netflix.
The strange thing is Netflix has never turned a profit. It's one of those things where I don't understand how these companies can be in business for years and constantly lose money. I just don't get it.
It just means the whole thing will come crumbling down with a bang one day.
i dont understand that either...maybe they predict that after 10-15yrs they will make profit or something...but thats way too long ....
They probably got propped up by Blackrock like Twitter was.
I'm so glad the algorithm brought me here. Love how much you put into your videos.
Thanks so much mate for the kind words, I really appreciate you checking out my videos!
To be fair to Netflix, the quality decrease in content was a frantic response to the other content producers pulling their content back from Netflix to launch their own services.
The problem for the end consumer is that Netflix originally was a way to move from video rentals and expensive cable TV packages to a single affordable subscription that had all the good shows and movies. Now though you will need subscriptions to Disney, Paramount, Amazon, Apple etc just to get the same thing.
Add to that a global economic slowdown and people are cutting back, and one thing they are reducing is subscription costs.
Absolutely. The new streaming services didn't just provide competition, they also limited the amount of popular content actually available to Netflix. IMHO this is the reason they are now throwing so much money at their own shows & movies - because they have to. It's just a shame most of it's so poor.
@@fredbloggs8072 Pretty much the same thing happened with Premier League football coverage in the UK.
Back in the day you paid Sky your Sports subscription and you got all the matches available at the time (it cost a lot less too!)
Then came Premier Plus which split off some of the matches into PPV. Then there was BT and Premier sports, then Amazon etc. All of which fragmented the offering and cost the customer a lot more!
Absolutely amazing production quality. I’ve watched all of your documentaries at this point. More info packed into a single 10-min video than a 2-hour documentary, along with an intriguing script and amazing voice acting.
Keep it up- soon you’ll be the new Sunny V2!!!
Thanks for the support mate! I really appreciate the kind words, as I work really hard on these!
This video is so shallow. Netflix is doing great, they lost subs for the first time last year, so what? They still have over 232 million subs worldwide and make literally billions every quarter! Also, they gained more subs this year even with the price increases, please do better research next time.
True and if this was on Netflix it would've been a 6 episodes Docu-series. With Horizon we got it in 10 minutes. Many thanks H.
Or Moon, or Jake Tran?
@@OffTheCover yea he’s sorta like moon and that’s cool cuz I really like UA-camrs like that
It’s not just Netflix. Most streaming platforms are struggling from the expected revenue they consider profitable. A lot of people are ditching all these services because of the cost. The industry is creating a path to piracy again that will become prevalent like it was in the late 90’s early 2000’s.
The average person in the US doesn't resort to piracy. That's a very niche thing. Most people probably do like what I do, they just stick with cable TV. I'm not subscribed to any streaming service. It probably depends on what part of the country someone lives in, but for me, cable TV costs way less than subscribing to multiple streaming services.
@@hamsterama That's the major drawback of streaming, it's like having to have a cable subscription for each individual channel you want to watch just for 1 or 2 shows per channel that you actually want to watch.
@@hamsterama piracy isn't that hard you know ... All you have to do is find a place with what you want to watch. I washed to watch house for example, it's ok peacock, I don't have a need for peacock & they didn't have a free trial, nor discount for signing up... I found a site that just hosted that show. Watched the first 4 seasons without an issue.
@@commoguru Yes, exactly! This is exactly why I stay with cable and a DVR. I'd have to subscribe to at least five different streaming services in order to cover everything I watch. For example, on Paramount+, there would be only 2 shows I watch, on Disney+, there would also be only 2 shows I watch. Streaming made sense when Netflix was the only game in town. Then everyone got greedy, and everything's now highly fragmented. Cable is way easier, because it's just one bill.
@@RR-on4sk Ah, I understand, I thought you were referring to torrents and stuff like that. That's what I meant when I said "niche," most people don't know what a torrent is. Anyway, I'm glad you found a website where you could watch House. It's definitely not worth paying a monthly subscription fee for one show.
When they jacked up the price if we refused to accept commercials. It made me remember that I only watched Netflix a couple times a month.
11 months later and Netflix is still here.
Here's the thing. Netflix valuations were always a bit screwed up because investors were confused on whether Netflix is actually tech company or media company. On the one hand it's a tech company, but not really since they need content to serve to their viewers. Initially that wasn't an issue, all the movie and TV companies where more than happy to licence their content to Netflix, and they viewed netflix as an additional revenue source along the lines of theaters and dvd. Netflix realized they were in a tenuous position and needed their own content in order to not be completely dependent on the other studio since they may start their own streaming service. In a sense they were right, but also wrong because AMC and Regal don't necessary make their own movies, they are good at running theaters not making their own movies. And then the media companies got confused as well and started making their own streaming services, which again was a kind of mistake. What you didn't mention is that Disney+ has not yet been profitable for Disney. Part of the issue is that the other companies are fracturing the streaming market, and consumers don't want a bunch of subscriptions, they would rather a single high quality service. I think the equilibrium in the market will that their will be a 1 or 2 companies (maybe including Netflix) that focus on building the best streaming platform possible, and the media companies will go back to licencing their own content to them. That is unless another company figures out how to do both well. I wouldn't read to much in Netflix stock dropping 70%, that was based on unrealistic valuations. Doesn't mean that Netflix is in danger of going broke anytime soon.
Netflix isn’t done yet, they’re still the biggest streaming platform, just because they took a hit doesn’t mean they fold
A big problem with Netflix DVD is they've shut down several shipping centers. And so my delivery time of DVD's pretty much doubled. When meant I suddenly were getting half the number of DVD's each month if I shipped back each DVD the next day. So I for a time had to do two DVD's at a time just to get the same number of DVD's each month. But then I found 3rd party hosting websites listing all of these movies for free. So I just stream via 3rd party hosting websites, for free. Haha.
Hang on, this channel has FOUR videos?! You’re kidding me. There’s no way. This is so high quality.
Thank you! I put everything I have into each video, even if I'm just starting out!
Every time I want to check out a channel's other videos because the video is amazing, they have like 6 videos
The business problem Netflix has is during the Covid year, Netflix was at an all time high. And as things calmed down afterwards, shareholders now expect that same popularity and more, this resulting in getting rid of password sharing. Simple greed from a business perspective.
You either die a hero or you live long enough to see yourself become the villain.
The reason Blockbuster charged a late fee because people would really return movies 4 to 5 days late. So when you wanted to rent a movie it was not available and that went rampant. Some kept the movies. Netflix just don't have that many movies.
What Netflix needs to do is start from scratch. Have every movies,TV show Documentary, reality TV, Paranormal, foodie, adult,cartoons that has ever came out and have it available. Either pay to rent or a monthly fee
I'm personally amazed that Redbox is still surviving. I must be one of the rare under-50s that still rent DVDs.
I just use Redbox to buy Blu-rays of blockbuster movies for $3.99 or $4.99 Saved me a lot thru the years.
This mans just doesn't miss huh? Every video seems better than the last. There's no way you don't get a million subs
Haha cheers mate, thanks for the support!
They say every dog has it’s day…..well it seems Netflix has 🤔
Glad I stumbled upon your channel man, I'm pretty sure you you'll end this year with at least 100k subscribers, keep up the good work, cheers
I appreciate the kind words mate! Here's to hopefully a spectacular 2023!
They are putting out non-stop garbage these days. Network television-level garbage. They have transitioned to quantity over quality.
They still have 200 plus million subscribers and still growing in many international markets. Losing 900k customers may spook the market watchers but really that's like only about -0.45 percent. I do agree however the quality of their own content can be improved.
Everytime I go onto Netflix and search a movie I wanna watch then there’s always nothing. Netflix’s catalog of movies is trash.
Keep going mate. You are killing it rn.
Great storytelling and nice edit. I can see the hard work you put into it. Cheers
Cheers mate! I really appreciate the encouragement!
@@TheOfficialHorizonYT Please do a "How Disney lost everything!" (foreshadowing)
I actually preferred the Blockbuster version of Netflix. With Netflix everything was done through the mail. The Blockbuster version also mailed your DVD to you but you were able to turn it in at any Blockbuster building and exchange it for another rental on the spot at no charge and as soon as you turned in that disc the next one in your list was mailed out to you. It was actually great.
I got tired of receiving new email about price increase what felt like every other month... and general quality of the shows declining. Also frustrating how non-US customers are 3rd rate for them with regional locks and so much content not available in my country.
What the US citizens fail to realize is that Netflix is "streamed" to other countries. Cable is within the USA, and broadcast is very short range. I'm in Australia, and we are offered all manner of streaming from lots of different brands, from lots of different countries.
Insane how u grew this channel so fast, in a matter of a month, perfect content, beautiful voice, and amazing explanation!! Keep going mate!
Thanks mate! The support has been beyond my wildest dreams, I thought I’d get maybe 500 views on my videos since I don’t have a following anywhere! Truly thank you for the kind words!
@@TheOfficialHorizonYT nothing but the truth ❤️
I'll never forgive Netflix for canceling Dirk Gentlys Holistic Detective Agency
They got too woke, i had to cancel the membership. About to do the same with Disney.
What does that even mean?
@@Roguesta54 you watched recent shows and movies? most of them arent trying to tell a well thought out plot anymore, but try to shove political views, morals and gerndernorms down your throat
@@zuckerj8752 No disrespect, but I think that those who are triggered are in the minority. None of it bothers me.
I'll never forgive them for how they fucked up JoJos
You deserve more subscribers. your videos have quality even a famous UA-camr lacks.
Cheers mate! I really appreciate the kind words, as I work really hard on these!
They banned the account sharing they where praising at the beginning, so we quit.
It's not as simple as this video suggests. One big factor that badly damaged Netflix was outside their control. In the early days, content owners didn't consider streaming a significant outlet, or consider Netflix a threat to their own business, so they licensed their properties onto Netflix at bargain prices. But once Netflix became very large, and started competing against the studios on content creation, lots of content owners refused to renew their licenses with Netflix. As a result, Netflix, which had once been a one-stop-outlet for large varieties of movies and TV shows, was left with lesser properties, as well as their own self-produced content. The big push to create as much content as possible in-house stemmed from their realization that they wouldn't be able to depend on licensed content much longer.
So now the most in-demand content is spread across a plethora of streaming providers. Consumers don't feel like being dinged by every studio with one or two hits for their own streaming services, so all the streaming business is under a lot of competitive pressure.
The model du jour is FAST (Free Ad-Supported Television), which is now home to not only legacy programming like LOST and X-Files, but also even to once-prestige shows like Westworld. Netflix offering an ad-supported tier is a good move, but won't be viable if they're trying to charge money for it.
You are correct! It’s always hard deciding what to focus on in the videos, which is why I’m thankful for you taking the time to put this wise insight in the comments! Cheers!
that and the garbage content they produce will make your subscribers flee
What model would you like to see these services remain sustainable?
I miss netflix controlling the business, now you need like 4 different streaming services
You didnt mention the fragmentation of streaming services as a whole.. Back in the day, one of the greatest things about Netflix is they would have movies from just about every major studio. But Disney/Hulu, HBO, Paramount, Amazon/MGM all started doing their own streaming service and removing a lot their content from netflix and hosting it on their own streaming service.
Youre not going to keep forking out the cash to be subscribed to 5 or 8 different streaming services and the one that has the most content you want to watch usually gets your money.
So you have a tonne of customers cancelling and going over to different platforms while the sort of content that Netflix has been producing hasnt been great so there is no real reason to stay subscribed to the service.
Look at what they did with *The Witcher* and *Cowboy BeBop* - These franchises have their own cult following and built in audiences. Easy way to make a few million bucks. Hire the right writers and actors. stick to the lore and the shows will pretty much write themselves.... both shows plummeted into the ground face first because of how they handled them
Incredible insights! You make a great point about how content got fragmented! I always have a hard time picking and choosing what to put in the video so it doesn’t get too long, which is why I appreciate the wise insights! Cheers!
I miss blockbusters.
I miss going there with a friend or partner, wandering around, choosing a few films each, getting some snacks, and going home to watch them. No listlessly scrolling through badly curated menus trying to find anything that looked half-way decent, and if you didn't like the film you'd rented, you just spent the evening laughing at it because you couldn't just go back to the menu and start listlessly scrolling again.
Life was simpler, back then.
Jeez, not even the nostalgia's as good as it used to be in the old days 😂
All of Netflix shows/movies only 1/4 are any good or worth watching.
Most are terrible.
What turned ALOT of people away is you can't be bothered to get into a series because Netflix will cancel it after one season!😡
This pisses ALOT of people off and for good reason!
Shows like Stranger things are well passed it, but Netflix is trying to squeeze every last drop of 80s nostalgia out of it😒
Now w/password sharing about to be a thing of the past I think we have seen the last of Netflix being relevant.
Netflix had tons of good movies when I was a kid but now it feels like swimming through sewage to find the occasional few and far between diamonds.
They lost my membership with "cuties"
Just seeing the name sends shivers down my spine
I used to love it,
I cancelled last year, it’s rubbish now..
netflix had to create as many shows as they could as disney was buying all the studios, without original content they will eventually have nothing to stream as disney will own everything. they could even own this youtube channel
This is the real reason for Netflix's problems. It's easy to criticize them for greenlighting so much rubbish, but they were basically forced to as the companies they had agreements with started pulling their content from the platform. A big draw of Netflix was always the variety of iconic shows from other networks they had on there, as soon as those networks decided to host their own online platforms and compete with Netflix instead of cooperating with them Netflix was left in a really tricky situation. It sucks for consumers as well, in the early days of streaming all you really needed was Netflix but now for the same amount of decent content you would need to subscribe to 5 or 6 different services. :(
Disney keeps putting out Crap too. They are hurting as well.
Yep. Disney has done a good job killing off Star Wars, Marvel and Pixar. I used to be a huge fan of Star Wars, but Disney destroyed that. Now I live in the past, pre-Disney. We need a renaissance in movies like what we had in the 50s-80s. Great movies from spaghetti westerns to Dirty Harry cop movies. And I especially love the blaxploitation movies. We had so much great stuff both on TV and the theater. TV like Columbo; Murder, She Wrote; Streets of San Francisco, etc., made for great viewing. All gone, just shadows of what we had in the past.
@@bondgabebond4907 wont happen till capitalism does, anything worth money will be consumed completely as the biggest comsumes all competitors. its ahppening in all industries. even search gaming industry and all you will see is negativity
Paramount + might get my money just because they have the entire Star Trek franchise. Other than that I subscribed to Apple TV, and got a free HBOMax subscription. That’s enough for me.
For me, Netflix is still king! Its still WAY cheaper than cable!
It also didn't help when that same competition swooped in and took all their content back, proving that the "streaming" business model is only marginally better than piracy.
Yes and no... While losing cheap licensed content certain didn't help, Disney is losing billions of dollars per quarter on D+, Warner Bros (who own HBO Max) has cancelled a ton of shows and movies over the last year or so... pulling back their IPs in house didn't help them much in the big picture. It was a new market, it was going to get oversaturated... all the participants will duke it out, then the 2 or 3 winners emerge. Probably half the current big players will be gone or merged within a few years... it's not a problem unique to Netflix.
I am soooo sick of series I enjoy being canceled, that I no longer commit to watching any new ones. If they change their track record maybe Ill come back.
As someone who backed Lovefilm over Netflix in the "DVD by post" industry, I can't say I don't have a level of "Finally!" to hearing this...
2:51 streaming video, what a concept. Such a shame internet is so slow in my country, to watch UA-cam videos we click on the thumbnail to have a DVD sent to us. It's only about 3 US dollars per video, but that really adds up and they embed 2 minute unskippable commercials every 4 minutes of content.
Woooo it's your third video let's go 🥳
Third of many! Thank you for the continued support, it means a lot to me!
Its honestly sad man. As someone who grew up watching a lot on Netflix I do hope they start improving their company.
Now that there is competition, the things that matter are price, content and how they treat their customers. LOL They still produced some great shows before I left, but every single one was getting cancelled after 1-2 seasons. Even with their B/S there were a few shows that could have kept me as a customer if the shows weren't axed, but nobody in the family had a show they were vested in running on Netflix. Then they basically announce, if you are sharing your account with your kid in college, we are going to fine you, which is oddly what they started Netflix to avoid.
Can’t wait for the Netflix documentary about the Fall of Netflix
I will say though that except for they becoming bit political u forgot to mention they also lost a lot of titles due to companies such as Disney etc not allowing them to send their movies as they used to.
So Netflix not only dropped in quality in their own productions but also can't stream good content from other companies they once used to.
So many movies and series not available anymore forcing ppl to subscribe to several different services.
Can't say I find either HBO or Disney top notch either tbh , but they got certain titles.
Great insights! It’s always hard for me to decide what topics to put in the video to keep it short. Thanks for adding this information mate!
@@TheOfficialHorizonYT love the content though. So not gonna take that away from u
Deff worth adding up subscribers 👍
Only laziness has stopped me from cancelling my Netflix account. I spend more time searching for something good to watch, than actually watching something on Netflix. When I was younger, me and my friends would, when trying to save cash, would go to blockbuster and rent two films, one would be something we actually wanted to watch, the other would be something real crap, which we knew would make us laugh, like an old Kung-fu or horror movies, finding a good film was easy, finding the bad film was hard, now it’s the other way around, and I’m paying for the crap film, regardless of whether I’m going to watch it.
Impressive breakdown of the situation. People still have to realise Netflix has NEVER made a profit. They have been existing on speculation money rounds. They are expecting the critical mass audience size & profitability - soon! As soon as their audience acquisition metrics going in the wrong way, those rounds of investor money aren’t going to be easy to come by.
Economic forecast all round the world just exacerbates the whole situation. The way I see it there’s a contraction in the streaming market to 2-3 players at most. Only by being this kind of size with vast libraries of the stuff people want to actually see. Will you be able to actually sustain & maybe turn a profit.
For some companies it's the shares that are the profitable products. By design.
Very wise insights! Thanks for the additional information!
That is the playbook by most all of these 'disrupter' businesses.
In fact, why Amazon made it past this phase into profits without anyone competing was always amazing to me, walmart showed how incompetent it was
This is wrong. Netflix is a publicly traded company and their financials can be accessed by anyone with an internet connection. For instance in Q4 in 21 their profit margin was 7.88% at 607 Million Dollars with a total revenue of $7.71 Billion. Q3 22 Netflix made 1.4 Billion off 7.93 Billion in Revenue and so on. The business as it stands today makes money. I personally don't think that Netflix is going in the right direction, or will be profitable in the future unless they change their trajectory, but there is no need to come up with lies which can be disproven with a quick google search
Last sentence is really on par and is something to think about for Netflix " There's nobody else to be blamed other than themselves for their downturn"
US only content, muahahahahaha
Allah China Xi Netflix better ???
Tik Tok scum here !
This is some really high quality content for a relatively small channel. I expected to see a sub count of over 1 million when I finished this video. Really good stuff, keep at it.
Thank you for the kind words mate! I really appreciate it, and I’m glad you enjoyed the video!
That blockbuster story is incorrect actually
Here in India, Netflix started to become popular around 2015 and in 2016 when 4G boom came, Netflix became more accessible. But due to their high prices here, people just didn't want to have it. I mean yes, you can have a month plan, but continuing the plan for a whole year was definitely not preferable. Also, password sharing is way more common in India than in US. Most of the people who had or have a Netflix account, use that of a 'friend'. Now prices here have dropped significantly but still, people now just don't care about it. Because the original series, specifically, Indian ones, are absolutely garbage. So yeah, Netflix just became a status symbol rather than an actual business in India and that status symbol position is also gone now.