Netflix reported substantial growth in subscribers in the months following its push to stop users from sharing accounts with people outside of their household.
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.
Generally, but the way movie-web and goku.sx work is that they're linking you to cached streams pulled from torrents and hosted on separate servers like Upcloud - you're only viewing the content, not hosting it. As such your risk of being prosecuted is considerably less than directly torrenting, especially if you've got decent privacy protections on your browser.
That being said, safety first unless you trust your ISP.
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.
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.
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.
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.
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).
If you don't make ALL THE MONEY investors don't like it and your company loses value. These days it doesn't matter if you make a profit if it doesn't meet projections. It's all fucking voodoo economics...the only thing that makes a company worth anything is the confidence of the invetors behind it.
Your average person doesn't care enough to deal with piracy when they can throw some money at Netflix and use their TV or console's built-in applications.
Hell, when I myself want to watch a random movie, sure, I could grab an HDMI cable, plug in my computer to my TV, find a pirated file, and watch it, but I could also spend $5 or whatever and just cast it from the Google TV app on my phone without getting off the couch. At the end of the day, there's a level of convenience that I, and I'd suspect most people, really don't mind paying for at the end of the day.
I would argue that your average person was probably already paying for Netflix if there was something there they wanted. The password sharing clique is a specific breed of leecher that is 100% at home with using a VPN and a torrent server.
I could always be wrong, but that's my suspicion. It will be fun to watch, either way.
I don’t know, a lot of people I know (mid 20s) had been using their family’s shared Netflix which are now getting their own accounts each due to this new rule. Could be anecdotal.
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