Netflix adds 13.1 million subscribers, tops revenue estimates

1984@lemmy.today to Technology@lemmy.world – 315 points –
Netflix adds 13.1 million subscribers, tops revenue estimates as membership push gains steam
cnbc.com

This is so strange to me. I guess people enjoy being ripped off and getting less and less value for their money.

124

You are viewing a single comment

Netflix was always a physical household concept business model. They started by mailing DVDs to a physical address. I think the challenge has been around the technology to enforce that on the digital end where the devices allow portability of service via digital distribution and resolution of IP or other identifiers to household is not always deterministic. Netflix does get to define what household means in their terms of service for their business agreement with the customer.

No, it wasn't. They were VERY glad to suggest that password sharing was a feature, not a bug, while they were trying to drive cable TV out of business and establish a leadership position against other streaming services. They also allow you to watch on multiple screens, download files to watch offline on the go and, crucially, actively provide discounted accounts to watch on multiple locations even after reneging on the promises they made during the user acquisition stage. Nothing they do is consistent with the service being tied to households instead of accounts except trying to charge you extra for it. Hey, I know that tech start ups will eventually try to pee on me, but don't come here to tell me it's raining.

So I say again, Netflix doesn't get to arbitrarily limit tech and back out of features just because they engaged in a suicidal business model in the pursuit of endless growth, and they don't get to redefine my social relationships for me. I am the client here, and I get to say when their offer has enshittified enough that I no longer want it.

For now, I don't want their overpriced premium tier anymore. It's back to UHD BR for me if I want something to look shiny. And the moment they try to enforce their dumb password sharing rule I'm out entirely. I feel zero remorse or sense that I'm taking advantage of them for this. If anything, they are the ones "breaking things", so they have the responsibility to fix them.

I don't know that one cheeky tweet from their pr/marketing team mens they gladly advertised password sharing as a feature. Would need to go back to the TOS for subs back then. Multiple screens is one thing, but multiple households is another.

I've mooched off my parent's cable account for 10+ years for streaming well after I moved to another state. As services cracked down on the practice I personally have never felt entitled to the TV services my household was not paying for. Some I chose to pay for myself, others I realize aren't for me and don't subscribe. Forl Netflix, I haven't yet broached the subject of joining accounts and paying for the additional logins option, but maybe I'll do that as a cost saving measure. But I can't think of a moral justification for why my household should be entitled to a TV service my parents pay for hundreds of miles away from where I live.

When CEOs talked about password sharing it was under the marketing POV that those folks would eventually convert into subscribers naturally. I guess they didn't expect it to become the norm. https://techcrunch.com/2016/01/11/netflix-ceo-says-account-sharing-is-ok/

Well, tough luck. Should have been better at their jobs, then. They sure make enough money to expect them to be.

It's not just the marketing, though, it's the non-enforcement. "Cracking down" is only a thing if you weren't cracking down before. If you allow the practice and then you don't, you've downgraded the service.

Now, if capitalism didn't suck and technocapitalism wasn't fundamentally broken, the way this would work is you'd pay per screen and it wouldn't matter where or when those screens are used. After all, the service itself has costs related to buying media, storing media and sending media over the Internet. One screen is one data stream is one payment stream. Makes sense.

But that's not the idea. That was never the idea. The idea of tech start ups is that they'll disrupt an old established business by losing money on purpose to grow very fast to a position of quasi-monopoly, then squeeze the newly captive audience for as much as possible. That's what Netflix was trying to do, we're all adults here, it's not a secret.

What I'm saying is my fuse is super short on that one and I won't play that game for too long. Which is why I'm here instead of Reddit, in Mastodon instead of Twitter and in the process of buying a bunch of 4K Blu Rays. I'm not gonna tell people how to live their lives, but I'd argue that both Netflix and the Internet at large would suck much less if I wasn't in a very slim minority.