The Rise and Fall of Netflix (Investors Are Suing)

who knew making your service more expensive while downgrading your content is a bad idea

It's generally a bad sign when a company is losing customers and increasing prices, trying to squeeze more money out of less people for a lower quality product just isn't a great long term business model.

I stopped pirating stuff many years ago when Netflix was on its peak. I had everything on the spot for a reasonable amount of money and on top of that it was all legal. Then a lot of IP was pulled from Netflix and now I would need at least 4 different subscriptions to watch all the shows I love. I just can't and tbh don't want to afford that. The big players made piracy an attractive solution again. That's beyond me. I feel sorry for Netflix.

Was on the fence with Netflix - gradually got sick of them making rubbish nobody wanted while cancelling good stuff. Finally got rid of it when I realised free content on Youtube was often better!

It fascinates and baffles me that the company apparently did not see the correlation between the COVID-19 pandemic and the explosion of signups to their platform. It is as though they hadn't considered--and therefore were not prepared--that these same people would cancel their subscriptions once they were able to leave the house again.

when pirating a movie/series is easier than searching across multiple streaming platforms to find the same movie/series then there is something wrong with the distribution model

Fun fact: This same thing happened a very, very long time ago with the advent of Cinemas! Each company started partnering with different Cinemas and to see X movie, you'd NEED to go to a Y cinema. Eventually sales started dipping and the government had to step in and say all cinemas are entitled to all movies. This will, in my opinion, happen again soon with streaming services. Either that or they're all just gonna die out to piracy, its been sky-rocketing ever since splitting up the content. Pretty easy to see why. Companies are greedy morons lol; Smh.

There are simply too many streaming services diluting content, and Disney is too big. I've thought a lot this year about how nice it would be to have a blockbuster video store again. The selection was good, and it wasn't impacted by NBC, HBO, or Disney owning the rights to this or that.

Eliminating the reviews made it difficult to filter shows that one would like. No sense in doing this. Their algorithm in recommending shows specific to taste also seems to be poorly executed. I find myself spending more time looking for a show than watching. That’s when I quit.

"Sifting through junk to find the gems" describes my Netflix experience very accurately for the month or two before I cancelled my subscription.

The problem really is that the competition isn't true competition. It's just monopolies who abuse IP laws by focing exclusives, thus spreading the market thin. A streaming service should be seen more like a movie theater. You should be able to watch every show on every streaming service, and have them compete on price and features instead of content. This is the model you see on music streaming services.

We are no longer in the golden age of streaming. Instead of one big streaming service that was a good price and decent quality we now have several lesser quality services that are way more expensive when combined. I don't really blame Netflix for where we're at.

A few decades ago when the phone companies realized that 'cellphones' were the new thing, instead of reacting to the competition by lowering prices, they raised prices for local landline service and landline long distance, reduced services (hello operator?) and doubled the price to use a payphone. We see how that worked out.

There's too much competition. No individual service is worth it because all the content is spread out between all of them. At this point, piracy or abstinence are the only real options.

Watch The Rise and Fall of Mozilla Firefox here: https://youtu.be/WxDJmCi-HF8

Netflix was awesome when it first started. It's actually pretty sad to see it's downfall. I appreciate everything they've brought to streaming services. Unfortunately, it's really is hard to find the gems now in days. Squid Games and Arcane were the only Netflix shows I've watched in at least two years, and that's only because people kept talking about it.

I think piracy still increase again when you basically need five or more streaming services to view what you want. That makes it easier to pirate than pay again. The problem that Netflix and Spotify solved initially.

Honestly, the price increase combined with the drop of quality of their original content just killed it. Series like black mirror and Arcane are not the rule, but the exception.

its so easy to blame piracy but since the beginning of online piracy has always been there and when netflix was in the top piracy was still going! obviously bad corporate decisions brought them to fall! downgrading quality content, cancel show series, limited account restrictions is just a fre to mention that there is no one to blame but netflix itself! they got greedy and couldn’t handle competition enough to bring up the heat and level up!

Netflix's biggest issue actually has nothing to do with them specifically but with the market as a whole. When they were the only streaming service available they had an immense value proposition. Now with dozens of different streaming services, each with its own unique content, all streaming services, are have a significantly lower value proposition. Whenever people discuss the business of entertainment they keep forgetting the biggest hidden competitor: piracy. When the market has a convenient legal alternative that provides good value most people will flock towards it rather than sail the high seas. That's how Netflix rose to its dominant position. However whenever the market options become less convenient(say adding ads), and/or no longer offer good value(less content and more expensive) than many people will ditch them in favor of sailing the high seas. The music industry learned this lesson long ago, with Spotify remaining the king of legal music and now YouTube music starting to rival it. Hollywood needs to learn the same lesson. Competition isn't always a good thing, especially when the competitors resort to exclusive content to beat their competition. Since piracy clearly isn't the solution, what the streaming market needs is consolidation. There's absolutely no reason for small streaming services like Peacock, HBO-Max and their like to exist. All these smaller streaming services should be merged into the 2-3 top dogs and preferably either shy away from their own production studios altogether or share some of their exclusive content with their rivals, even on a limited time basis. Streaming needs to be affordable again for the amount of content we're getting. That's the only way for the industry as a whole to regain the upper hand from the pirates.