Netflix Lays Further Waste To the 'Quarterly Capitalism' Narrative

RCP - Real Clear Markets ^ | John Tamny

[RoosterRedux]

Though its shares are off of 52-week highs, the former DVD rental website turned movie/tv streamer is still worth over $134 billion. Useful here is that one factor in Netflix’s loss of market cap has been the entrance of content providers like Disney Plus and Apple Plus, not to mention that streaming services companies like WarnerMedia and NBC Universal are in the process of ramping up. Netflix, having revealed a huge unmet need in the marketplace of consumers eager to purchase streaming access to quality entertainment, has attracted imitators. This isn’t the first time.

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Netflix plainly learned much from watching what happened to the now defunct giant [blockbuster] that it once aimed to be purchased by. It recognized what pundits and politicians don’t: a focus on quarterly earnings at the expense of long-term growth is the path to obsolescence. And so Netflix basically disrupted itself. Cognizant that soaring internet access and speeds would render DVDs by mail yesterday’s news, Netflix focused on acquiring content that viewers could stream on its site. The ubiquitous red Netflix envelopes from not too many years ago are no longer ubiquitous.

Important is that Netflix didn’t stop there. Fully aware that profits attract imitators, its executives recognized that its arguably unrivaled knowledge of customer viewing habits, along with likes and dislikes, would enable the creation of content much more likely to please those same customers. And so it disrupted its old model again. While television used to be about seasons, Netflix recognized that its customers liked to binge watch shows such that it began releasing its new television series all at once.

[thoughtomator]

And then they put Susan Rice on the board and brought the Obamas into the fold, saturated all its original programming with extreme far-left politics, and alienated half its customer base.

I wonder who will be shocked by Netflix’s next round of bad subscriber news?

[RoosterRedux]

As an investor and as a streaming video fan, I suggest that Netflix is in trouble.

In fact, I am going to cancel my Netflix account. The reason: crappy programming.

Inventing your own content isn't easy as even Amazon is learning.

This article starts out with an interesting parallel for Netflix. It demonstrates how venture capital start ups usually fail.

The same is true for content like Netflix-developed movies and TV programming. That stuff is very much like VC start ups in that most of it is crap and needs to fall be the wayside. It is only valuable to producers as something (themes, actors, stories) that should be avoided.

By developing its own content instead, Netflix falls into the VC trap.

As an additional note, let me point out that Netflix is defining its audience as Liberal millennials, for the most part. That turns off half the American viewing public. And I have noted on several occasions that Netflix has every so slightly tried to inject politics (Liberal politics) into some of their shows.

Yep, time to cancel Netflix. I would short their stock but learned a long time ago that such could be very dangerous and not a strategy for me.

[RoosterRedux]

Yep. As I said upthread, I think Netflix is a Liberal loser...sort of like Nike or Gillette.

[time4good]

I came home last night and waiting for Tucker I fired up Netflix. At the top of ‘NEW’ ‘RECOMMENDED’ was this Netflix series called ‘The Family’. The Info said it was about how ‘the world’s most secretive and powerful influencer - this ‘Family’ of Christians, goes unreported. I knew it was wicked. Started watching how much garbage they’d spew and the intro and first few minutes was total crap. They are truly out to divide and shame Christians and our influence on Trump and being Godly salt of righteousness.

[Liz]

The Cold, Hard Math Says Netflix Could Crash 70%
Forbes | 8/6/19 | Stephen McBride / FR Posted by GrandJediMasterYoda

As you may have heard, the online video company made a troubling announcement... This quarter, for the first time ever, it lost American subscribers. Hundreds of thousands of them. The stock plunged more than 11% on the news. I’ve been “sounding the alarm” on Netflix’s troubled business since last July when its stock was trading above $400. (Excerpt) Read more at forbes.com ...

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Just sayin'......

Freepers were on the case back in Aug 2018.
Susan Rice got a cushy do-nothing seat on the Board of Netflix.
Netflix signed a deal with M/M Obama for $65M.

CONTACT NETFLIX: 1 (866) 579-7172

WEB STE---www.netflix.com

NETFLIX CORPORATE
100 Winchester Circle
Los Gatos, CA 95032

Reed Hastings, Chairman, President and CEO
Phone(408) 540-3700
Fax(408) 540-3737
Twitter IDs @netflix P

and in july 2018 this nut case held a salute to abortion on netflix.

TO COMMENT OR CANCEL---Netflix/Customer service----1 (866) 579-7172

[ChildOfThe60s]

I canceled it last night.

There is just too little decent programming. Sometimes I sit down and spend an hour trying to find something worth watching and then quit for the evening. Seems pointless to pay for that.

[DEPcom]

I cancel Netflix when they decided to get political. Don’t miss it at all.

[SecondAmendment]

If Netflix has no interest in "Quartely Capitalism" then why did they go public ???

Methinks this is instead the talking points of a soon to be delisted and bankrupt entity, time to go short !