Netflix Will Remain As My Favorite Streaming Service

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Netflix stock prices have been going down in the last few months and this month has seen the biggest drop. The price of Netflix stock was trading above $600 only 5-6 months ago. Now the stock is trading at around $215. The main reasons seems to be the drop in the numbers of Netflix users. At least that's how investment analysts are looking at it. Some cited issues like Netflix's fight against sharing the same account/passwords by multiple people. I doubt it was a big deal, and that most people don't share passwords for security reasons.

A few months ago I wrote about how impressive Netflix business model and decisions were. I still hold the same belief and I think this short term troubles for its stocks will not change its long term vision and it will continue to remain as the top streaming service.

Netflix is a pioneer. It has changed tv and movies industry and utilized technology in doing so. As a company it has made many impressive business decisions that made it what is today. Today, there are new challenges for Netflix. Most important ones are the competition. When it first started, it was a one of its kind and didn't have any competition. Today there are many streaming services. Paramount+, Hulu, HBO+, Apple TV+, Disney+, Amazon Prime, Peacock, Tubi, Youtube, Showtime, AMC+, many more. I have used many of these services at some point. But the only service I always had without interruptions and cancellations is Netflix.

Netflix hasn't stopped innovating and pivoting when needed to continue to deliver quality streaming service. It has been trustworthy, and remained true to its core business believes that made it so popular in the first place. No, sharing passwords is not what made Netflix successful. I think one of the main things Netflix has done is removed commercials. This has added more quality for the entertainment time. It doesn't make sense, why should a quality time with friends and family be interrupted by companies trying to sell something to people. That's rude. While many others couldn't figure out how to run TV and movies business without commercials, Netflix did. Even Hulu when it started and had the support and backing of other companies in the industry, it always remained faithful to commercials and ads. Even when Hulu started charging fees for its services, they still had commercials.

Today's streaming services offer subscription options: cheaper one for a service with commercials, and more expensive one for a service without commercials. They do believe streaming model with commercials and ads is still a good one and probably will not abandon it anytime soon.

I admire innovators and visionaries that bring about new things and making things better for people. In the past we had no options but to use services of monopolies like Comcast and in return likes of Comcast wouldn't do anything to improve services but keep increasing their fees. Such companies would even split up regions amongst themselves so that they wouldn't have to compete. Netflix was the competition none of them expected. Many people have moved to online streaming services and stopped using services like Comcast cable. I think it is a win.

One of Netflix's clever business models was to offer DVDs in mail along with streaming services. I was surprised to find out they still have DVD mailing service as a separate subscription. I thought they went fully online streaming and stopped mailing DVDs. Apparently, there is till an option to receive DVDs in the mail. Offering this service, they were providing people with something they were already familiar with and compatible with their devices at home. This also added convenience of not traveling to video rental stores, and offered good collection of movies and tv shows. I believe this helped them with onboarding masses to their streaming platform.

Another great move by Netflix was/is that when they offer TV Series to watch, they give all episodes at once and let the viewers to decide when to watch. This was something new and many liked it. Even today some streaming services offer only one episode a week, just like before. I can understand some of these services still have network tv agreements, some of them are aired on certain channels before they are available for streaming, etc. But there are services like Apple TV plus that continue the same practice. I do not think tv shows on Apple TV plus are aired on tv. Correct me if I am wrong.

Apple is one of the latest players in streaming space. They started their Apple TV plus subscription services. They have smaller collection of movies and tv shows available. But they do have some very good movies and tv shows though. One of the shows on Apple TV plus is See, and I remember they only showed one episode a week. I don't understand their decision here. Maybe that's how they try to retain users. Maybe they think if they offer the entire season at once, people will watch in a week or a month and cancel?

Few years ago, it was obvious that competition was coming and others would figure out the streaming technology and perhaps Netflix would be in trouble. Well years has passed, many services emerged, but somehow it doesn't look like Netflix is in trouble at all. In fact, they are stronger than ever. Next brilliant move by Netflix was to order production of movies and series for Netflix, only for Netflix. That was a bold and expensive move when they started doing it. Now they have huge collection and new movies and series are being produced added to their library every month. They grew big enough that they don't have to rely on Hollywood to dictate their terms of licensing what they produce. Now Netflix is in a position to dictate its own terms.

I doubt there will be a one place to watch everything. Future of streaming seem like will be having multiple subscriptions to the various services. I don't think it is a bad things. It creates competition and will result in better services for consumers. Subscription models are not bad either, since users have the freedom to sign up or cancel at any time instead of being locked in for years long contracts as was done by companies like Comcast.

One of the strategies streaming companies can implement is varying that will the fee charged would change of how much of the service is used. For example there would be base fee to keep the service active for $5 or so. Then if a user watched more than certain amount of hours, let's say more than 24 hours of streaming, they the fee would be $10, with the max fee of $15. This negative of this can be the headache for customer service, as some may start contesting the amount of hours watched. lol. But at the very least this can provide a way for companies to have predictable profit streams even when people are not using the service. Yet, charging less when people don't actively use the service would be fair for their customers as well.

There was a time when I had a service active that wasn't used for almost a year, and found out that we were still paying for unused services by accident. Because some services using tricky tactics like offering free trial services for a month and then start charging fees if service is not cancelled. I don't mind paying for these services if they are being used. However, it becomes total waste of money when we forget that we are still paying for something we never use.

Netflix is an exception. I will continue paying Netflix even if I don't use it. I think it pioneers have earned the respect and support. I believe Netflix is not done innovating. They will continue to be a big player in streaming, TV, and movie production, and entertainment space. As long as they bring some good quality movie or series once a month, it will always be worth paying for their services.

I am not invested in Netflix stocks, and I doubt I will anytime soon. Stock markets will continue doing their things. Stock prices go up and down, trends changes up and down. I hope this will not cloud the judgement of the Netflix and distract them from what is more important, and they will continue focusing on and delivering high quality services.

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Netflix stock will definitely go up, there is no doubt about that.

Another great move by Netflix was/is that when they offer TV Series to watch, they give all episodes at once and let the viewers decide when to watch. This was something new and many liked it.

I think this is what netflix should change, I mean why not go with the traditional TV. People know they are watching a series, and they can wait a week instead of waiting months. My friend downloaded Peaky blinders 6 from other sites because he couldn't wait to watch the show. Season 6 is already over but still, it has not been delivered to netflix. This is something they should take seriously.

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I would not want to wait for a week :)

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Well, I could 🙂

Okay, apart from that. Series like for instance, Peaky blinder is already out like two weeks ago or maybe more. Still, why so delay being on Netflix. I mean the bundle is out so why delay in a premium service like this.

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They do have the best collection of shows and movies to watch. They even launched a number of shows and movies exclusive to them which I think are far above production value of main stream movies lately. Netflix still for me for the occasional night time watch of enjoyment. It still beats paying for cable.

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Whoa, thats a big drop in the stock price!

When I first got Netflix there were a lot of things that I didn't like about it, but now that I've tried a few other streaming sites, I think it is by far the best. Prime is pretty annoying in that they don't have trailers for a lot of their content and because they show you hundreds of films on your home page but then most of them are actually behind pay walls. I get why (because those films are owned by other companies) but I still hate the idea of having to pay more fees on top of a service you are already paying for. Similarly, when Disney + charges you $30 to watch one of their new movies. I think thats ridiculous.

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Great analysis, and I like your take that as innovators, Netflix deserves some respect and your continued business. I feel much the same way, and as much as I might complain about their raising prices and cancellation of good TV series such as Archive 81, I can’t see myself cancelling my subscription. Netflix is too ingrained in my life.

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I have to disagree. While they have been the first in the space and started the trend, I think it is lagging behind the other platforms. HBO Max and all these other services are now competing for people's money and people are tight on funds. So I don't think Netflix is doing enough to attract users and other platforms like HBO MAX have not seen a drop in users like Netflix.

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THIS. I have no loyalty to any of the streaming services. If price hikes get too high, I just switch.

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Netflix is such a big company. I remember when they send you DVD. But I didn't know they become a mammoth company. They have the knowledge and expetise to put it right. Swapping some features for others, massive price reductions. Stock prices will rise again !

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The business of streaming has certainly become far more saturated, but I am looking at it from a capitalistic perspective, and it is likely that only one or two companies will survive this increased competition. These will be the ones with the best business models, and if you believe Netflix has this, then all the reason to double down on it. Best of luck with this suddenly contrarian view!

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Netflix has to reduce prices, make interesting and useful topics in high quality, and change the presence of long and boring ads, if it wants a renewed turnout and satisfied subscribers on the platform.

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We used to prefer Netflix because it was free from annoying ads and now it's trying to include it to make money from customers، there's no free trial, I don't know how we can participate without testing free trial. Iam satisfied with Amazon Prime

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You will continue to pay for it even if you don't use it?

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I'm curious as to what is going to happen in the streaming space. I think that in terms of catalogue, Netflix is going to face fierce competition as the competition is stepping up with good productions (I'm talking mainly about HBO and Prime here). Netflix has the advantage of having the best UX so far but I believe that can change very soon.

One of the strategies streaming companies can implement is varying that will the fee charged would change of how much of the service is used.

This is an interesting idea. I don't even have time to watch a lot of TV which makes it hard for me to justify spending money on multiple streaming services. Having this kind of flexibility could be interesting for someone in my shoes.

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Netflix seems to be the only service that streams at least 1080p on Linux. Other services' stream quality is so low you rather torrent a rip than stream it even if you had a subscription.

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I love Netflix myself. The one thing I really like about the platform is that it comes on quickly. Amazon and Apple, Disney all take an age to load up.

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Netflix has also earned my respect, what they have brought to the industry is just too breathtaking. They've also been involved in making some if the best movies and shows out there and that's a lot to duff my hat for. Even if their stock prices go turpsy turvy, it is a sure thing that they'll keep making profits from all their various activities so there's nothing wrong anywhere.

@geekgirl Did you see the news that Netflix is begining to consider bringing in ads too? Their CEO Reed Hastings said it makes a lot of sense to allow consumers who are advertising tolerant and who want to pay a lower price to be able to opt for it.

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Yes, I saw that. If they actually do bring ads, I will probably stop using them and maybe only use when needed. I think it is going backwards.

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Well, shouldn't that depend on the price? If they increase the price for those who don't want ads then that would be messed up, but what if they only make a new reduced price for those who don't mind ads?

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When I think of streaming services I think of Netflix, and then all the other ones are only behind.. yea, I would consider owning some NTFLX, but not at all if compared to HIVE or HBD.

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Great job✅ Netflix is really a very good company providing the services all over the world. I have been using it since 2020. It's been a wonderful experience.

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I admire Netflix for its pioneering work. That company did for streaming what HBO had done for cable television.

All that aside, Netflix recently gives impression that its leadership haven't adapted well to present economic circumstances. I think that the major mistake was going too far with original content and simply creating too much shows. Some of them were difficult to properly follow, some of them were plainly bad and some lacked Netflix's confidence, resulting in cancellation of many shows that would have survived on different networks/services. With competition heating up and other streaming services taking streaming rights for most popular or attractive content (Marvel films and Star Wars on Disney +; Harry Potter and DC Extended Universe on HBO Max), things don't look good for Netflix.

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If I pay for something, I should use it as I want. Sharing password or not is my responasible, not Netflix's. I also have Netflix on my smart TV, however I noticed that some series come to other platforms before Netflix. Morever, I could not find the movie you suggested on Netflix, Snowpiercer.

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Netflix is really super cool ! However, the Netflix plans keep on getting more expensive. Some price conscious people are canceling it, which has become a big problem for Netflix and played a role in its current stock-price crisis.

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넷플릭스를 기본 스트리밍 서비스로 유지하기가 어렵습니다. 처음이라 슬프네요. 그 이유는 내용에 있습니다. 다른 스트리밍 플랫폼이 시장을 갉아먹고 있습니다. 그들은 단지 시장 점유율을 먹는 것이 아닙니다. 그들은 원래 Netflix에 라이선스가 부여된 콘텐츠를 회수하고 있습니다. 이는 Netflix의 라이브러리가 줄어들고 있음을 의미합니다. 그렇기 때문에 새롭고 독창적인 콘텐츠를 만들기 위해 많은 노력을 기울였습니다. 그들은 이것이 오는 것을 보았습니다. 이것은 어떤 사람들에게는 좋을 수 있습니다. 그것은 나에게 그다지 좋지 않습니다. 나는 오래된 것을 좋아한다.

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I use Netflix and I have enjoyed the services so far. But if what I am hearing is true about ads, they might have just lost another subscriber.

I decided to use some dedicated browsers to help me remove ads whenever I am watching videos on YouTube. But I do not like to compare YouTube and Netflix, I think their concepts are markedly different even though they are streaming platforms.

I have one issue with Netflix though, I saw all 7 seasons of Blacklist on Netflix, and then I found out that the series extends till season 9. Where are seasons 8 and 9?

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