2y ago

Netflix added nearly 6 million new subscribers amid password sharing crackdown.

www.engadget.com Netflix added nearly 6 million new subscribers amid password sharing crackdown | Engadget

Netflix reported substantial growth in subscribers in the months following its push to stop users from sharing accounts with people outside of their household..

Netflix reported substantial growth in subscribers in the months following its push to stop users from sharing accounts with people outside of their household.

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--Obligatory fuck Netflix post---
Watch anything you want super simple: https://movie-web.app/search/movie
Look for something to watch, less simple: https://goku.sx/home
Stream or torrent, use with a VPN if you download: https://github.com/popcorn-official/popcorn-desktop (scroll down for install files)
Canceled my sub a year ago (which had lasted since the Blockbuster days) when I heard about the changes and never looked back. Their horrible treatment of talent and their refusal to provide proper residuals is one of the main dynamics driving the SAG AFTRA strike. Imagine being a major actor in a show millions are actively watching, and your monthly check from it is $27.
Side note, Netflix has 3.5 billion in free cash on hand. Once the strike was announced, they scaled back their content investment and are now claiming 5 billion in cash reserves.
These fuckers can absolutely afford to pay their talent a living wage. Until they do, they aren't getting a dime from me.
- Wow that first one is crazy easy
  
  Yep, and pretty powerful for sharing too, as you can simply link an entire movie or series episode via hyperlink.
- How have I never heard of these?

That's unfortunate. I hate seeing this news because it means that all the other streaming platforms are going to follow suit soon, which brings us right back to cable, essentially. Must subscribe to 5 different streaming services each in order to have access to all the programming you want, no more splitting up accounts with friends.
Glad that I just setup a Plex server, looks like I'm gonna need it.
- I am kinda hoping that with increased revenue, they can afford to get more licences for other content. But I think the video streaming services is too fragmented now for that to be a reality. Unlike audio streaming where it’s a lot more sensible.
- Really, the only way to get the streaming in order is a law where a company that makes films and TV cannot distribute it. That'd get rid of the company-only model and get us to a decent concentration.

Which was expected and a reason their stock bounced back despite what the geniuses on Reddit would have you believe. People legitimately boycotting a service because the provider told them they had to pay for it. The logic of some people is absolutely baffling.

Short-term gains at the expense of long-term retention. Sounds like they're looking to sell.
- Why do you think it won't translate into longer lasting subscriptions? People subscribing for a specific thing rather than using a friend's Netflix?
  
  Because yar.

After all the self righteous whingeing when they did this, and talk of "sailing the high seas", it's refreshing to know it actually did work out for Netflix.
- It's a nice headline, but the full results for Netflix did not meet expectations, so the share price fell about 9% overnight.
  Compared to the same period last year (Q2 2022), revenue has only grown 3.2% and profit margins are up by only 0.5%. From revenues of $8.2B for the quarter, Netflix made $1.5B in net income (18% profit margins).
  
  So, they're making a shitload of money, but not as much money as they hoped?

This is funny, because there's another post saying "Netflix earnings down"
https://lemmy.world/post/1818862
- Unfortunately that post title is wrong.
  Netflix earnings are only lower than forecasted, but still growing.

"if you block them, they will come" netflix execs

So what would be the best Kodi addon, because I haven't used it in years and not up to date? When I try to look it up it is just vpn resellers.

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