They started to enforce the multi home rule on my account, so I cancelled my subscription. I think I had the account over 10 years. I was barely using my account anymore, so I don't miss it that much.
Same here. I feel bad for my family who was using my account (and has less disposable income) but they have access to our Plex now so win/win.
Looks like they're trying the new twitter and reddit strategies. FOMO is real!
It's like all the CEOs decided "we're doing ok, but I want a legacy. Today's the day I'm going to burn this place to the ground, and refuse to admit I was wrong"
This is just going to push more people to piracy.
It’s funny how these things go.
Long ago, you would need to buy or rent your movies, because other options weren’t really very convenient or effective. Then the internet became fast enough for you to use DC++ and later torrents to get all the movies you would ever want to see. Next, streaming services became popular due to convenience, ease of use and affordable prices.
What’s going on today? Streaming services are increasing prices and reducing convenience. Seems like the balance of power is tipping again.
And meanwhile extremely convenient piracy options have cropped up, like, just as convenient as real services, if not more because all the content is in one place.
Already done it for me
My number one criticism of Netflix was that it was too accessible so this is a welcome change, I really think the higher bar will increase the quality of views.
Do you not think it's a bit too cheap as well? I feel guilty thieving such a quality service from them.
Real question - not sure if you guys are serious? It's my least used service these days due to the quality and longevity of its content (outside of the kids shows)
I think getynge was being sarcastic and I was following suit. I do actually have a subscription because my family uses it a lot but I agree that the service is getting worse and worse. What other services do you prefer?
Not OP but for me Netflix is useful because of weird stuff it provides, like anime and Korean romcoms.
That stuff is definitely not anybody else's cup of tea, so if they ever force me to stop sharing it with family and girlfriend I would readily pick any other service over it (Disney, HBO, Amazon etc.)
I agree
Netflix used to be the only game in town, now they are just the most expensive.
I recently cancelled all streaming services I had.
I now use Plex / Jellyfin with Plex_Debrid & RealDebrid.
Ditto. I'm on Kodi / The Crew + Real Debrid. Such a pleasure to use.
Seems like all these companies are following the airlines model to becoming profitable. Make everything as miserable as possible for all your customers, and make them pay extra for a basic experience. Things that used to be included like meals or being able to sit with the rest of the people you are flying with are now exorbitantly expensive.
That’s cool. I’m happy to never use these services ever again. I cancelled my sub years ago and so far I’ve had zero reason to return. Shit like this is just validation.
Everyone here seems to think this'll be another nail in their coffin. But I'm not sure. As far as I know, they're the only steaming platform that's actually profitable. Plus any current users of that plan are getting grandfathered in, so they're just removing the option for new people which I think is pretty normal for services to do.
Only they know how many people are on the 720p plan. And I'd bet they've run the numbers to know that they'll make more revenue from new users who sign up for the higher tier than the revenue lost from users no longer being able to select this plan.
Profitability is a funny thing, especially with internet services and such. Some companies launch and raise money hand over fist without even having a revenue plan in place - I had a family member who proudly boasted about how he was going to short google at their ipo because they were obviously going to crash hard and were all hype. Other companies have a model for revenue but choose to concentrate on growth instead. Amazon skirted profitability for years as it sank its money into infrastructure and kept its prices low.
Companies can have staggering valuations because of the prospect of growth, and profits (depending on where they are coming from and what you’re doing with them) may not contribute to that perception because that’s money nominally not going into headcount, r&d, etc. This is especially true of streaming services that are rising on the backs of other profit centers, such as Disney. Hollywood accounting is an entirely separate beast anyway.
Ultimately, the importance of profitability is decided by the stakeholders - the large investors, board, and c-suite. If people are happy with the growth model and performance, they’re not going to care as much about the balance sheet. Stock prices stay up. If money starts to get tight, stock prices will fall and the company will go into cost cutting.
All of which is to say that if Netflix starts to lose customers, it should probably get pinched. They’re going after new markets and developing new IP, but the space has become really crowded over the last several years. They’re not going full Musk, but they are making decisions that will affect growth and retention in a per-customer revenue grab. To me, that means they’re having accounting issues and they’re hoping their continuing IP investments and international growth (where they might still be losing money) will be paid for by the customers they do manage to hold onto.
As a customer who subscribes to at least ten streaming services, I’m probably going to just start rotating monthly. That will save money, give me enough time (and focus) to catch up on the series I actually want to finish, and at least theoretically let me show a reaction to the price hikes.
I mean, the essential problem is the streaming video services don't have close enough to "everything" that the streaming audio services have. So you essentially fragment your market. You basically become a specific niche (in a way) because you can't appeal to "everyone" because you can't afford to make a popular version of "any show". This tied with people already wanted to shrink their cable bill so most people DO NOT WANT 10 streaming services. Even if they have the money to burn, they will feel (like you do) that they can't possibly make use of 10 streaming services worth of content. So you start to be choosy about what shows you want to watch, and probably start to lose FOMO because it's so fragmented there's just not that many "everyone is watching the show and I want to talk about it with them" that used to make appointment TV. I.e. there's less peer pressure to talk about any given Netflix (or Hulu, or P+ or D+ etc) show, so you might well think "hey, that's something I might like, but it's like not important enough for me to pay to see it or plan to see it." And today, if you aren't scheduling it - I'd say there's a good chance it'll be like that 500th book you got at the local book sale for $0.50 that "you definitely plan to read" that's been sitting at #500 for the past 10 years.
What's even worse is unlike in the 80s when cable took off is that there's so much content and competition that people probably aren't even watching as much "TV" as they used to. I already mentioned books, but there's comics, graphic novels, forums like this, YouTube, Anime (a big portion of a whole other cultures collective TV series added in now mainstream), video games, 3 hour long podcasts, and just fricken getting off a device and going outside. Some of this always existed, but a lot is new, and competing. I'd argue that as a share of what you could do in your spare time, as a whole TV is down.
I don't know if it would ever work, but I do wonder if we don't start to see something like "personal syndication" return. I know the app stores used to sell an episode of a specific show for $4 or something, but that's way too much. But I wonder if we start to see much lower per ep pricing where you literally pay for the show you want more directly. But again, we rapidly hit the microtransaction problem again. Maybe you just can't pay for an episode at at time, you have to pay per season to make it work. Maybe $4 a season / no ads would work? IDK. I guess as soon as you want more than 4 shows on a given streamer it makes sense to buy it bulk.
Sounds like a bad idea..
I hate Netflix as much as you guys do and I think their content is dogshit, but you're naive if you think they're going under any time soon. Their revenue increased from the password sharing ban crap, and it's likely only like 1% of people used the 720p plan anyway. Netflix is ass but financially they're chillin.
I still pay for NF and will probably keep paying for it in the foreseeable future. There is some local (Thai) content on it that my partner wants to watch. Content on any of the other services is too little to even bother with.
I pirate whatever looks interesting and isn't on NF.
They're forcing me away everytime they make a decision. I'll stick with paying for a plexshare, I know I can get it for free elsewhere, but I can't be arsed messing about if there's shit links.
I cancelled when they jacked up their prices and announced the ad-supported tier. They've been nothing but anti-consumer the last couple years and their product just isn't worth the price anymore.
Aye ye scallywags! T'night we sail the seven seas!
All of these internet corporations really thought they were institutions that could not be rattled. They forget that in the grand scheme of things they have been around for no time at all and consumers will be happy to move to whatever comes along next.
They haven't forgotten anything. What we are seeing now is simply the result of climbing interest rates and the loss of cheap debt forcing companies to actually become profitable by any means necessary.
I paid the highest amount so my friend and her nuclear family could watch Netflix at the same time as my husband and I. They got shut out so I just cancelled. My friend bought a lower package so Netflix actually lost money. Not sure it is going to work out worth it for them overall.
So far it seems like it might be working out really well for them: https://www.bbc.com/news/business-66240390
I guess your average Joe is just gonna take it as things get shittier
I really need to build a media server
For those looking for alternatives, I would only suggest Plex if you're OK with hitching your wagon to a different company with interests possibly competing with your own. Its great software and easy to set up but they can remove features you like and use at any time. It may be a risk worth taking for you but go into it with eyes open. I dropped them when they removed photo sync and started getting more aggressive about their content offerings.
Jellyfin is my current home and I like it a lot but I recognize that not everyone wants to deal with the setup and troubleshooting.
For some middle ground, there's also Emby which is a commercial version of Jellyfin.
I like Jellyfin but I do not like the way it shitted up my media directories. I have them meticulously sorted. I don't want images and database shit in them. I much prefer how Plex keeps its database and metadata separated and in its own directory. I would otherwise love to switch.
Netflix has been cooking this up for years now and other video platforms like Youtube are testing similar strategies already to follow suit. Prices are ramping up and quality of pretty much all services (web and others) is downspiraling rapidly. Guess that's what they call market self-regulation, heh? Anyway, as much as Netflix and others say this will make them a great deal of money, it will backfire soon or later. I think a lot of us will realise we're better off with less of these time wasters in our lives in the end.
Personally I got fed up of all their cancelling shows I was actually interested in. Moved to paramount plus to get star trek, then will probably cancel that for as bit. Just found myself watching crap on netflix, I can get crap from the free streamers like Roku and Pluto and 4od/itvx/my5 that get free in UK (with ads no subs)
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