Netflix been throwing crazy money for so long they couldn't survive even a meager subscriber dip. These silicon valley heads are nuts man with this assumption of perpetual growth. They saw those covid gains and at the very least, didn't account for a natural dip as more and more people get back outside once things calmed down. At their peak in stock prices they even have the audacity to increase their prices to close to double what competing services are asking for. This company is nuts.
So many of the shows and licenses they paid for it's like why did you spend so damn much? They were doing $16m per episode on The Get Down. You can't tell the same story for less money?
There's a clear lack of vision on the kind of programming they want on their platform. HBO Max and Apple TV just starting to get their roster together and the difference in quality is staggering. Plus they're on some new money shyt just paying whatever people are asking. When HBO puts up big money you get something like Game of Thrones with crazy location shoots, set design; it just looks expensive. If you can believe it Netflix Marco Polo cost just as much per episode. They didn't even start slow and get the story going. shyt had to be doing GoT numbers to justify that price and as expected, it was dead in 2 seasons.
They got a lifeline with all those Korean shows lately which aren't costing them a whole lot. The writing been on the wall for a while now. Hope the brehs with stocks sold last year
Something every other service gives away for free.
