With the rise of quality content coming to Prime Video, I found myself using Netflix a lot less. Some of their recent Originals have been well received my many people as well. In addition Disney announced a bundle that includes their Disney + streaming service plus ESPN +, and Hulu for a whopping $12.99. With this rise in competition, would you say that Netflix is doomed? If so, what needs to change to save their business?
Netflix now should become Disney to sustain. One day there will be huge layoffs. FAANG will need to drop N but include M- Microsoft
It could be a challenge. HBO Max sounds good as well.
Netflix is not doomed. There is room for multiple services. For usa consumer, I would say prime video + Apple tv+ + Netflix or hbo max is the starting point. Does not bode well for Comcast, NBC, and others.
But they are running up a lot of debt, and it isn't clear that they can keep growing subscribers rapidly with the entry of new competitors.
Their international presence will be unmatched by new entrants for quite some time. HBO for example made so many licensing mistakes overseas. And HBO max's 5 year subscriber target is a little less than Netflix's usa subscribers today
Naah. So many things to unpack here. If you remember, Netflix started with $4.99 when they started and slowly moved their way to more content. I think Disney's pricing reflects their entry to the market, but not a long term pricing. Netflix has waaay more content for international markets than Disney does. Plus, Disney didnt say they'll release their content only on Disney+. In fact most Disney content is coming to Netflix with 2-3 years of delay, on top of all the original content Netflix has. I watch walking dead with a delay of an year on Netflix because there's no way I'm paying $9.99 a month to amc for that. And there's a lot of other things to consider like Disney probably won't have the same churn rate of new shows coming to their service as Netflix does, it's probably not going to have a wide genre of shows, it's also not going to be globally available any time soon etc.
Disney might keep $4.99 for a while as SVOD isn't the business like Netflix. Their profit will come from what they learn about consumers and cross selling toys, clothes, cruises, park tickets, etc
Not really. Based on how many times Hulu and ESPN has increased prices, I doubt the greed Lords at Disney would agree to it.
Yup
I think cable companies are the ones being disrupted. Netflix will have to fight to keep market share for sure, but will likely still make a ton of money. As a consumer, you can spend like $50 and get all of the big services. Before cutting the cord, my tv bill was double that.
I might get Disney+. But not replacing with Netflix. Netflix has its permanent place already in my home. Depends on the quality of service and content, Disney+ could also be a secondary service in my home. Or not.
They need to get some good shows again. They used to all be great, now most are shit.
They got Seinfeld and that’s supposedly the solution. Short it to hell
They need to start hitting home runs with everything they throw money at.