![]() ![]() It's clear that Netflix is now focusing on original content, and assuming that this shift will be enough to carry them past the competition to remain the juggernaut of streaming services that they currently are. Ted Sarandos, Netflix’s chief content officer, has said (via YouTube) that they are intentionally moving away from the old " see everything in one spot" model to become a content creation site: "By making these early investments in original programming, getting our consumers … much more attuned to the expectation that we’re going to create their next favorite show, not that we’re going to be the place where you can get anything every time." It remains to be seen whether or not this will pan out, or whether the competition with stronger brands will cause Netflix to lose its spot at the top.Įven with price increases, Netflix is far from the most expensive of the streaming services (Playstation Vue, HBO Now, and Sling are all still more expensive, while Hulu and Amazon Prime are only slightly less), and their reputation and original content may be the thing that sees them through. 2020 Proxy Statement PDF Format Download (opens in new window) PDF 9.81 MB. 2019 Annual Report PDF Format Download (opens in new window) PDF 623 KB. Financial Releases Investor Events Stock Info. RELATED: Why Netflix Cancels So Many Shows After Three Seasons Quarterly Earnings Financial Statements Annual Reports & Proxies SEC Filings News & Events. What will really hit, though is the impact of competition. Price will become a key battleground in the streaming wars - Disney+ is going to cost a mere $6.99 a month - but that can only goes as far as keeping financially solvent. Even with a lower price point for one service, there's still going to be a weight on the consumer's pocket: more streaming services can mean more subscriptions, and with that more per month going to various companies. Prior to Thursday, those plans were priced at 12.99 and 15.99, respectively. The company has been operating at extreme growth, and these cuts are adapting to a normalizing out there's unlikely to be any benefit passed onto the consumer. Netflix on Thursday raised the prices of its standard and premium plans to 13.99 and 17.99 per month, respectively. ![]() However, these measures don't mean that this is the end to Netflix's price increases. More damaging, after recent film misfires, Netflix plans to spend less on original movies going forward. 2019 marked the first time ever that Netflix had increased the price of its cheapest subscription option. This is down to them valuing subscriber growth above all else, and the loss of series after three years does little to lose customers while it keeps expensive renewal costs down. 2019: Immediate price hikes for all Netflix subscribers. There's been a noticeable trend for the streaming giant to cancel seemingly-popular originals after two or three seasons, leaving the stories and creators in limbo. Netflix's overspending appears to have finally caught up with them, however. ![]()
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