Folks, being woke or getting in bed with the Obamas had very little to do with this.
Disney and other media companies are starting their own streaming services. Plus Netflix is spending way too much on original content.
This is just the market working its magic.
I agree with you
I had read that Netflix stock got so high because of investors factoring in future growth. That future growth is no longer there, they have already experienced the future growth. The level of Netflix debt is such that it will be a mammoth task to ever pay it off or even maintain it.most of this original content they’re producing is being paid for with borrowed money.
While I don’t like Amazon’s politics either, we decided for our streaming content to just use Amazon prime and take advantage of the prime shipping now and then. So we get streaming content and prime shipping for less than we’re paying Netflix right now. And I personally don’t care if I see the TV shows that were hot 3 years ago. Also some of Amazon’s original content is better than Netflix for my taste.
I’m also pretty conversant in newsgroups and that takes care of a lot of my interests.
Already-realized subscriber count drops by Netflix are accounted for not-yet-existing new services... how?
“Plus Netflix is spending way too much on original content.”
Yes, and most of it is not great. Stranger Things was the exception, not the rule, and even that they couldn’t resist inserting some “woke” messaging into the 3rd season.