Netflix Sees Historic Dip in Subscribers During Same Quarter Executive Denounces Georgia’s Pro-...

The Daily Signal ^ | July 19, 2019 | Kaylee Greenlee

[Morgana]

FULL TITLE: Netflix Sees Historic Dip in Subscribers During Same Quarter Executive Denounces Georgia’s Pro-Life Bill

Netflix’s latest quarterly report shows the streaming service giant experienced a chill in growth with its first quarterly loss of paid domestic subscribers in eight years. The dip in subscriptions came in the same quarter as Netflix’s decision to take a stance against Georgia’s pro-life “heartbeat bill.”

Netflix “on Wednesday reported a loss of 126,000 domestic paid subscribers compared with analysts’ expectations for a 352,000 gain,” CNBC reported. “Netflix also missed its own forecast for global subscriber growth by 2.3 million.”

A shareholders report stated that the company’s “U.S. paid membership was essentially flat in Q2, [but they] expect it to return to more typical growth in Q3.”

Pro-life activist Lila Rose, president and founder of the nonprofit Live Action, tweeted, “When Georgia passed the Heartbeat bill, Netflix threatened to stop doing business in the pro-life state. Thousands of pro-life customers expressed their outrage.”

Netflix’s latest quarterly report shows the streaming service giant experienced a chill in growth with its first quarterly loss of paid domestic subscribers in eight years. The dip in subscriptions came in the same quarter as Netflix’s decision to take a stance against Georgia’s pro-life “heartbeat bill.”

Netflix “on Wednesday reported a loss of 126,000 domestic paid subscribers compared with analysts’ expectations for a 352,000 gain,” CNBC reported. “Netflix also missed its own forecast for global subscriber growth by 2.3 million.”

A shareholders report stated that the company’s “U.S. paid membership was essentially flat in Q2, [but they] expect it to return to more typical growth in Q3.”

Pro-life activist Lila Rose, president and founder of the nonprofit Live Action, tweeted, “When Georgia passed the Heartbeat bill, Netflix threatened to stop doing business in the pro-life state. Thousands of pro-life customers expressed their outrage.”

The liberal Left continue to push their radical agenda against American values. The good news is there is a solution. Find out more >>

Live Action serves as a “media and news nonprofit dedicated to ending abortion and inspiring a culture that respects all human life.”

Georgia’s heartbeat bill was signed into law by Gov. Brian Kemp, a Republican, on May 7. Set to go into effect on Jan. 1, the law will impose restrictions on abortion after a fetal heartbeat can be detected.

Before the release of the shareholders report, Netflix’s shares were up more than 35%. Now, the stock will open at its lowest price since January, “shaving $20 billion from its market cap and bringing it to about $138 billion,” according to CNBC.

Kemp stated on the day of the bill’s passage that he is standing by his promise to implement the “toughest abortion bill in the country.”

“Georgia is a state that values life,” Kemp said. “We stand up for those who are unable to speak for themselves.”

Following the bill’s passage, Ted Sarandos, Netflix’s chief content officer, told Variety:

It’s why we will work with the ACLU and others to fight it in court. Given the legislation has not yet been implemented, we’ll continue to film there, while also supporting partners and artists who choose not to. Should it ever come into effect, we’d rethink our entire investment in Georgia.

At the time, Live Action’s Rose took to Twitter to voice her opposition to Sarandos’ comments:

Half the country is pro-life. The vast majority want abortion limits. Netflix’s pro-abortion views are regressive and don’t belong in a civilized, loving society. Wake up, Netflix. Many of your employees, customers and America are increasingly pro-life.

Zemmie Fleck, executive director of Georgia Right to Life, said at a press conference that “Netflix, among other film industry giants, is using intimidation in order to force Georgians to trade innocent human lives for money. We are here today to stand up to this intimidation so that Georgia does not lose its identity as a pro-life state that values life and we end up like New York that has legalized infantcide.”

The Daily Signal reached out to Netflix for additional comment about whether the company thinks pro-life Americans canceling their Netflix subscriptions contributed to its decline in subscribers but received no response.

[Morgana]

Sometimes Netflix just can't win for losing.

Lila Rose

@LilaGraceRose

When Georgia passed the Heartbeat bill, @netflix threatened to stop doing business in the pro-life state.

Thousands of pro-life customers expressed their outrage.

Now Netflix's last quarter shows a huge drop in subscribers.#ditchNetflixhttps://www.marketwatch.com/story/netflix-stock-drops-more-than-10-as-earnings-show-huge-drop-in-new-subscribers-2019-07-17 … Netflix stock drops more than 10% as earnings show huge decline in new subscribers

Netflix Inc. shares plunged more than 10% in the extended session Wednesday after the video-streaming giant badly missed projections for new paid subscriptions. marketwatch.com

[Reno89519]

We dropped Netflix when they partnered with Obamas. Canceled Hulu as well, but renewed with they offered us a year at 99 cents per month. That turns out to be a stripped down service and we’ll be dropping it as well.

[dp0622]

I said before that I just dropped it because it sucked

That it was left wing and I dropped it was a bonus.

STILL dont shop at Target, wont buy Gillette and still haven’t bought Budweiser after the pro gay marriage commercials some years back.

I use amazon like a fiend though.

[angry elephant]

I dropped Netflix after they signed the Dodumbos.

But on the heartbeat bill, our Communist state of Washington had that before Roe. We have sunk so far that the lefties are now striking out at a conservative state on something that was accepted by the left 40 years ago.

[YogicCowboy]

It has absolutely nothing to do with their highly-publicized and ever-burgeoning leftist programming.

/sarcoff

[Berlin_Freeper]

The Witcher | Official Teaser | Netflix

[JoSixChip]

F* netflix, I quit years ago. I’m still working on getting away from comcast, they kinda have a monopoly where I’m at.

[Aria]

I cancelled them due to Michelle Wolfe and told them so. Maybe I wasn’t the only one because she didn’t last too long but I’m still not signing back up.

[FreeperCell]

yes.

[onyx]

I also quit Netflix years ago.
Very happy with my decision.

[glorgau]

Now that the Obamas are on the team, the numbers are coming in “unexpectedly”

[HighSierra5]

I’ve never had Netflix. There are some things one can live without.

[Kudsman]

Raise prices, employ Obama and trash life then wonder why subscriptions are falling. Adios.

[SkyPilot]

My wife and I tried to watch Stranger Things season 3.

We could not get through it.

My wife commented that the male characters have all been either castrated or written to that they are psychopathic jerks.

The female characters lead the men and boys around by the nose, and tell them what to do.

The series started out well in Season 1, but Season 2 turned into SJW nonsense at times. Season 3 is even worse.

Typical of how bad things became was this Erica character. She spouts profane four letter words constantly, sasses everyone, acts atrociously and rude towards everyone.

She isn't the least bit funny or entertaining. It go so bad that my wife and I had to just shut off the television.

[magyars4]

Bully for you!
Hit em where they feel it the most...in the pocketbook!
Continue to boycott , protest, call and write!

[48th SPS Crusader]

Simple economic lesson. You are in the entertainment business not the political business. Provide entertainment you prosper. Shove a political agenda ta us and you get screwed. Not that hard to understand!

[vg0va3]

"I use amazon like a fiend though."

I do too. I understand that Jeff Bezos does his virtue signaling through the Washington Post.

[ldish]

didn’t nobama and mike sign a big deal with them for their input - sounds to me like a rebuttal to their potential ideas at the least - good idea netflix? - stock holders - time to vote!

[UB355]

How f’ing stupid are analysts ? “

loss of 126,000 domestic paid subscribers compared with analysts’ expectations for a 352,000 gain

[Chuzzlewit]

The content changed. I’ve noticed that for the past year it’s been hate men with dozens of white serial killer type shows. Now it’s hate white nazis (wonder why there aren’t any shows being shown on the channel that are anti communism). Not defending Nazis mind you. But that totally does fit the left’s narrative, doesn’t it. Shows about dastardly men and bad white people. I’m totally sick of it. What happens to HBO has now taken over at Netflix.

A caveat, I did like the show about the Romanoffs. However, their slant though seems to be that because things were so unequal that the revolution in Russia was justified. Lefties are not on this equal thing. Like children, they don’t understand that making things equal = communism.