I contributed to this. My first thought was that netflix doesn't really have special sauce anymore. They exist in a highly competitive market and lack the back catalog of established media companies. As a result, they end up paying way too much money for both new shows, and established ones.
On the other side of the coin, they can't compete with the volume of free content that is created by YouTube.
It's pretty easy to start a streaming service today, and many specialized streaming services have been successful.
In my person experience, my NF usage has gone to zero, being replaced with YouTube, Nebula, and HBOMax, with the occasional hop onto Prime for the odd rental. And I was as big of a NF diehard as any; I was paying for streaming since they started offering it.
Youtube is uset generated content, can't compete with netflix. I used prime for a while and switched to netflix. I am joyfully overwhelmed by the volume and quality of content on netflix. I don't have to rent or buy anything, it is all just there to watch! If anything I resent Disney for not going all in on netlflix instead of doing Disney+. After a few weeks on prime I ran out of interesting content. With Netflix I am binging multi season shows and I still find new movies and seasons as they get released right after the previous one. And they actually ask for your up/down vote instead of relying in ML like with prime (which is terrible btw)
> Youtube is uset generated content, can't compete with netflix.
Yes, but those many top YouTubers make great videos and were looking for a way to transition to paid content. I feel, if Netflix leadership had the right chops, they would have seen an opportunity here and spent a tiny fraction of their massive content budget to court some of these creators and have them make expanded videos for Netflix. Instead, these creators banded together and made their own streaming platform which receives free advertisement on YouTube.
I contributed to this. My first thought was that netflix doesn't really have special sauce anymore. They exist in a highly competitive market and lack the back catalog of established media companies. As a result, they end up paying way too much money for both new shows, and established ones.
On the other side of the coin, they can't compete with the volume of free content that is created by YouTube.
It's pretty easy to start a streaming service today, and many specialized streaming services have been successful.
In my person experience, my NF usage has gone to zero, being replaced with YouTube, Nebula, and HBOMax, with the occasional hop onto Prime for the odd rental. And I was as big of a NF diehard as any; I was paying for streaming since they started offering it.