Maybe (HBO) Max Just Isn’t Worth It::Warner Bros. Discovery’s latest earnings call reveals Max shed 700,000 subscribers in the past three months, even as it made money. That might work for Wall Street, but what about viewers?
Once they fired the old CEO that partnered with Warner Brothers and had a streaming-first mindset, the service has gone way downhill. Most of the new content is dumb shit like syndicated reality shows.
I may tune back in for the occasional series releases like Rightous Gemstones, but then I’m out.
ArtificialLink@yall.theatl.social 11 months ago
I just for the life of me cannot understand why all these companies thought it was a good idea to invest the time, money, resources, infrastructure, maintenance, and so many other things into developing their own service. Instead of just pawning off their content to some other sap who has to do all that shit for you. And making them pay you a pretty penny because you know they want your content. It’s just such incredible short-sightedness from companies that are constantly just chasing the biggest dollar. Like if anyone thought about it for a minute, all these companies would see that it wasn’t worth it to develop these services. They got scared cuz Netflix made some of its own good content. But realistically, if they just calm down they would have realized that Netflix can’t make bangers forever. And they’re still going to be invested in buying content from you. These big company should have gotten together and figured out how to reduce the price of cable so people fucking sign up for it and keep watching the mass amount of fucking ads.
jordanlund@lemmy.world 11 months ago
“Man, selling books online is so much hassle, we’ll let Amazon do it for us…”
Borders Books, 2001.
Kingofthezyx@lemm.ee 11 months ago
The difference is, Borders wasn’t creating books. They were just the middleman. It would be more like if individual publishers decided to all start their own book stores to compete with Amazon.
ArgentRaven@lemmy.world 11 months ago
To be fair, they also did a Borders Rewards program that didn’t cost anything. They didn’t change the prices of the books, but they gave them huge discounts. Which meant the 40-50% of can’t from Borders cut. And they pushed them HARD. Everyone had coupons. It was thought that this would get them loyalty over Barnes and Noble. It took maybe a full quarter for them to realize and backtrack the huge discounts, but it was too late. People used them for the coupons, and then bought everything else online or at Barnes and Noble. It was a fast track to profit loss.
Source: I worked there before the Amazon partnership, and after the board admitted they needed to walk back the rewards.
Amateurs making key decisions.
Tosti@feddit.nl 11 months ago
CmdrShepard@lemmy.one 11 months ago
At this point I guarantee it’s going to turn back into cable where you’re paying $100 a month for the 2-3 streaming services that survive streamageddon.
yeather@lemmy.ca 11 months ago
They saw Netflix was making a lot more money from their content and wanted s piecd of that pie. Now they’re slowly realizing it takes quite a while to get there.
JeffKerman1999@sopuli.xyz 11 months ago
Yeah but Netflix paid them for that content so it their fault they didn’t ask for a “fair price” or something. Also I guess they wanted to fuck over the artists by fudging with streaming numbers and pay them nothing.
OscarRobin@lemmy.world 11 months ago
Yep. Costs a bunch of money upfront and ongoing to operate a streaming service, and even more to make even just an alright one. Plus you split consumers which will naturally give you and competitors fewer subscribers over all. All of that just to get paid directly instead of just getting free money, even if less per-view.
echo64@lemmy.world 11 months ago
much less per view. They tried this initially. Studios had stuff on Netflix remember? Back when netflix was worth subscribing to.
This was because netflix was just some free extra money on the side, kind of like selling a tv show to a foreign network. But then netflix ate into their actual money from network broadcast. So now they need to get serious and charge netflix a license fee for the show that reflects that.
They upped the license fees for the show and netflix just didn’t pick them up. All your favourite shows dropped from netflix and the studios had to build their own services.
Phen@lemmy.eco.br 11 months ago
They all hoped their own service would dominate and incorporate all competition.
ArtificialLink@yall.theatl.social 11 months ago
Which is short-sighted.
FurtiveFugitive@lemm.ee 11 months ago
I’m pretty sure that’s how Hulu started. A joint venture through several companies to stream all their shows. Problem is once Disney got in everyone else tried to spin up their own and cash out of Hulu.
It’ll be investing to see what alternatives crop up one piracy makes it’s comeback.
helenslunch@feddit.nl 11 months ago
Because they make more money?