Comment on Netflix Windows app is set to remove its downloads feature, while introducing ads

homesweethomeMrL@lemmy.world ⁨1⁩ ⁨month⁩ ago

• Darkard@lemmy.world ⁨1⁩ ⁨month⁩ ago

  “millennials are killing the streaming industry”

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  • billiam0202@lemmy.world ⁨1⁩ ⁨month⁩ ago

    Actually, that’s probably the one excuse that wouldn’t fly. The only company that cancels more stuff randomly and with no reason than Netflix is Google.

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• deweydecibel@lemmy.world ⁨1⁩ ⁨month⁩ ago

  People have been making this comment for so long, with every anti-consumer change, and it’s never been true.

  Killing VPN usages didn’t do it, canceling shows didn’t do it, the splintering of offerings across multiple platforms didn’t do it, killing password sharing didn’t do it, raising prices didn’t do it, and including a an advertising tier didn’t do.

  And this will not do it.

  Hell, this is barely going to tweak the dial.

  Consumers will accept anything if there’s no where else to get what they want. It’s why the “free market” has no power in the tech space: consumers are so addicted to their chosen platforms, apps, devices, and services that they will accept literally anything before they entertain the idea of using anything else.

  That’s partially why enshitification is getting so bad: there’s no punishment for it. Users will not move.

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  • homesweethomeMrL@lemmy.world ⁨1⁩ ⁨month⁩ ago

    It’s sort of like “Going All-In works everytime. Until it doesn’t”

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  • 01011@monero.town ⁨1⁩ ⁨month⁩ ago

    Is there any space where the “free market” actually exists?

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• Aurenkin@sh.itjust.works ⁨1⁩ ⁨month⁩ ago

  Greed, same as everything else

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• linearchaos@lemmy.world ⁨1⁩ ⁨month⁩ ago

  There’s not enough guaranteed margin in a single combined streaming and production house to feed the employees, investors, and media moguls.

  None of these companies are being outright assholes (well not more than normal). The business model is simply not sustainable and they’re doing whatever they can to slow the inevitable collapse. We’re producing 10 times the content we used to produce, and the revenue from the streamers is nowhere near enough to cover the bills.

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  • three20three@lemmy.world ⁨1⁩ ⁨month⁩ ago

    • Netflix gross profit for the quarter ending December 31, 2023 was $3.525B, a 44.02% increase year-over-year.
    • Netflix gross profit for the twelve months ending December 31, 2023 was $14.008B, a 12.54% increase year-over-year.

    What?

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    • linearchaos@lemmy.world ⁨1⁩ ⁨month⁩ ago

      Why would you use the gross numbers that don’t include the price of making the movies?

      Netflix is in reasonably green but it’s the only one

      Disney Plus is still in the red if you include their ESPN streaming.

      Warner/discovery/max is barely in the green at 100 million.

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      • three20three@lemmy.world ⁨1⁩ ⁨month⁩ ago

        Revenue in Q4 grew 12% year over year, to $8.83 billion, higher than Netflix’s previous forecast due to favorable foreign exchange rates and “stronger than anticipated membership growth,” the company said. ****Net income was $938 million, or $2.11 per share.

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