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200,000 users abandon Netflix after crackdown backfires (www.forbes.com.au)
submitted 3 years ago by [M, B] to c/technology@lemmy.world
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200,000 users abandon Netflix after crackdown backfires::Aussies have spoken, and the results are not looking good for Netflix. A new report reveals why users are turning to streaming competitors.

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[–] 14 points 3 years ago (3 children)

I guess the lesson is that Netflix was always doomed the moment the companies that actually produce and/or own all the content realized how lucrative streaming could be. They were only as successful as they were because they had no competition.

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  • [–] 7 points 3 years ago (1 child)

    This article is cherry picked. They added millions more of subscribers because of this change.

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  • [–] 5 points 3 years ago (2 children)

    Making it accessible in more countries must've had absolutely nothing to do with it. Zilch, nada, nothing. It was all about cracking down on password sharing. /s

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  • [–] 1 point 3 years ago* (1 child)

    But the thing is it actually did work, Netflix has seen a boost in revenue and the companies stock price.

    https://www.msn.com/en-us/money/companies/netflix-stock-jumps-as-analysts-see-password-crackdown-ad-tier-boosting-growth/ar-AA1fFSlp

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  • [–] 7 points 3 years ago (1 child)

    Netflix can't implement three different changes to its business model and then cherry pick one of those changes as the reason for the increased revenue. Well, maybe not can't... They're certainly trying to, and some folk are eating it up, apparently.

    If the tire is flat on my car, and I:

    • give the roof of my car a kiss
    • pray to [deity] to fix it
    • use an air compressor to inflate it

    ... I shouldn't go around telling folk God fixed my flat tire.

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  • [–] -2 points 3 years ago (2 children)

    Cool, but that analogy doesn't work with how companies are valued.

    The only thing that matters to the stock market is growth. It doesn't matter how you get there (most of the time), as long as you're posting positive numbers and your outlook looks good.

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  • [–] 0 points 3 years ago (1 child)

    Ah, my apologies... You're not the original commenter. Point still stands, though... It's not the argument the original commenter put forth.

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  • [–] -2 points 3 years ago (1 child)

    Netflix can't implement three different changes to its business model and then cherry pick one of those changes as the reason for the increased revenue.

    Bro it's not a guessing game they release this information in thier quarterly financial statements....

    https://ir.netflix.net/financials/quarterly-earnings/default.aspx

    Tackling account sharing between households has been another focus as it undermines our ability to invest to improve Netflix for our paying members and grow our business. In May, we expanded paid sharing to 100+ countries, which account for over 80% of our revenue.

    The cancel reaction was low and while we’re still in the early stages of monetization, we’re seeing healthy conversion of borrower households into full paying Netflix memberships as well as the uptake of our extra member feature. We are revenue and paid membership positive vs. prior to the launch of paid sharing across every region in our latest launch

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  • [–] 2 points 3 years ago

    Feeling a bit like a broken record. Alrighty, bro... You explain to me what metrics Netflix is using to differentiate the impact their password sharing policy changes made opposed to the other changes they made. I read over their documentation, and didn't see it.

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  • [–] -2 points 3 years ago

    You could be right and seem to be implying the new territories are the main reason but do you have a source for those metrics? You've been calling into question how Netflix is counting this so which counts are you using?

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  • [–] 2 points 3 years ago

    The business articles about how companies like Disney and others that "that actually produce and/or own all the content" are struggling to compete kinda suggests otherwise though.

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