200,000 users abandon Netflix after crackdown backfires::Aussies have spoken, and the results are not looking good for Netflix. A new report reveals why users are turning to streaming competitors.
This article is specifically about Australia. Globally, Netflix added 5.9 million subscribers after their password-sharing crackdown.
I hate to say it, but the crackdown worked exactly as intended.
And yet their stock dropped massively after revealing the 5 million gain because investors realize that it was a one time boost that won’t help them in the long run.
They essentially showed the market their firm cap for revenue, and the market was like ‘uhh thats it?’
None of that is based on reality anyways.
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Dropped massively?
Are you looking at the gains in the past three years because what you’re saying versus reality isn’t true at all.
“Yes, I’d love to pay even more money for even shittier service. Thank you!”
-People apparently
I live in multiple places with each stay lasting about three months. So far Netflix has not given me shit about it. It just asks me if I want to movey home address. As long as it continues to let me move around, we’re cool. The moment it decides that I have to open a separate account per home, I am out. I watch Paramount+ the most anyway.
EDIT: Honestly, the real conversation should be how mid Netflix original content is most of the time. Their best shit is stuff they import.
I have a similar lifestyle thanks to work and Netflix did exactly what will make you cancel. Whatever you do, don’t set it up on your home smart TV because that’s the thing that screwed up my account. Suddenly, I had to create new accounts for every random hotel I was living in for months at a time or go home every 30 days to reconnect to my home WiFi. I cancelled as soon as the account I paid for, that I didn’t share outside my household suddenly stopped working. As an aside, I wonder how this effects other traveling people: truckers, military families, traveling nurses, or air crew.
Every time Netflix was in the front page of reddit, I’d check my Netflix stock.
My Netflix stock keeps increasing. The first so called “massive exodus” took it from $140 to $220. It’s currently over $400.
So… Yeah.
the ad supported subscription cost less, so I wonder if they are still making as much money
I wouldn’t be surprised if the ad supported tier made more money than the cheapest ad-free tier. Ads are a huge business.
Yes, and Disney+ said they will do the same
Maybe. It’s just the start right? How many will keep those subscriptions? What about when they raise costs again? I’ve had a Netflix account for a really really long time. I was even grandfathered into a plan at one point. Eventually was forced into coughing up more and more money, getting less and less for it. It wasn’t just the password sharing. It was the way they keep running their business, and how it’s going across the whole streaming system. I cancelled my service a few days ago after over a decade of service.
On top of this all: 🤬 ads. I’m so sick of being bombarded literally everywhere. From Products I buy and bring home, to being outside of the house. I’m sick of being a cash cow and getting ’trickle down’ wages and dealing with inflation. So yeah. 🖕 Netflix.
I hate to say it, but the crackdown worked exactly as intended.
Of course it did. Why wouldn’t it? It’s not like anyone is thinking “oh my grandson’s friend can’t use my account for free anymore, I’m going to cancel my subscription now!”. All while Netflix is dramatically reducing their server load costs.
Thanks for posting this. I almost forgot to cancel my subscription to Netflix. Thanks for the reminder 🙂
I used to use my dad’s account. Now I just don’t use Netflix. So far im not missing much.
I also use your Dad’s account tell him to stop messing up my Cuties re-watch.
Which episode were we on?
I don’t care about Netflix password sharing policies. But I do very care about their content policy. I don’t even start a new show until I know they finished it without cancelling it half way through. I also do care about the fragmentation in the streaming industry. I’m not willing to buy me in in 5 streaming services just to view 5 different shows.
Fuck you, I’ll go back to the bay.
Argh me hearty
I hate them both! I’m still not over the fact that they cancelled Inside Job. It’s just the latest in a long line of shows we’ll be forever left unsatisfied with no ending and I hate it.
I canceled as soon as they said they were going to be cracking down, months ago. I pay for 4 screens, and on principle, I want to be allowed to use them without being nagged or scolded or banned. So if they don’t want my business on those terms, there are plenty of other streaming services with just as much content I like.
I cancelled too. Been wanting to for a while and this was the push I needed.
Same here. I was paying for four accounts, and it shouldn’t matter where they’re logged in. I haven’t missed it at all
Who are these 50% of Aussies who think we need more locally produced content on streaming services? Our content sucks, who’s actually watching these Aussie dramas / series
Australian taskmaster is a treasure and there’s nothing you can say to convince me otherwise.
US resident here. I absolutely loved Glitch. The first season anyway
The “Bureau of Magical Things” got pretty good once it got going.
I liked The Almighty Johnsons quite a bit
Probably the same kind of people who make similar arguments about CanCon.
There’s always been this tension between “We need a thriving TV and film industry in this country” and “Most of what we produce is garbage for the purpose of using government grants” here. Can’t help but wonder if it’s the same on your end of the planet (#justcommonwealththings).
At least there are always a couple diamonds in the sludge, though (here, Schitt’s Creek, TPB, and I’m sure some others even though the other ones I think of are looong over)
The Kettering Incident was great.
Everybody needs good neighbours.
Utopia was so good.
My wife from the USA loves Aussie drama series
Aye, I left when they started up their bs in Canada. I will very grudgingly turn it on once Three Body Problem is out and then turn it right back off. Or even, if I can buy TBP from another streamer or DVD , I’ll wait and do that. This greedy crap from Netflix is personal to me. So sick of greed.
Just pirate it off https://1337x.to when it comes out. People rip things pretty fast if they’re popular.
Thanks God! Keep up the good work
Ah, so he switched from smiting to torrenting. That explains a few things.
Their search function is terrible compared to TPB, which is saying a lot because TPB’s is also not very good.
Aye, Thank you! I’m not that sophisticated with this stuff but I’ll snag that link!
Public torrent sites like that sketch me out. I don’t like getting those funny/threatening emails from my ISP.
My ISP doesn’t give a fuck so I don’t use ISP-friendly tools. Not even a VPN. Only for geoblocking.
It’s not even greed. It’s horrible mismanagement. They dug themselves a whole bunch of financial holes based on a false belief that they could continue seeing the same subscription growth without stopping to consider the possibility that there was a point at which they would inevitably plateau. And now they are scrambling to find ways to make up the shortfalls in their goals now that the plateau is in sight. Some genius executive thought cracking down on shared accounts would fix that. 😂
Idk , I mean… unsustainable growth , to me, that’s the same thing as greed.
200K lost…but there was a gross subscriber increase of 2.6 million, so there will be no changing of the guard at Netflix anytime soon.
I am now happily sailing the seas. Guess who is the one that makes the content readily available
Piracy is a right.
Legally, it is not, but I get your sentiment.
I would like to say piracy against the big guy also hurts the little guy making the content you like.
I am all for pirating that scientific journal and that college book but there is a reason writers, artists, and the people making a shit amount of money for the work they put into the things we love.
I won’t support something that hurts a regular person giving me the things I like to watch, but I get your sentiment.
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People with android box-, Try streamio with torrentio
200,000 users is like a piss in the ocean for Netflix, especially when every other major streaming platform is also hiking prices, introducing ads and cracking down on account sharing.
We are still far from the days of cable.
The significance of this, in my opinion, isn’t that Netflix lost 200,000 users in Australia, but that for the first time Netflix has seen a decline of users in Australia. No more line goes up, oh no!
Either way, this is probably less from password crackdowns, more people jumping to alternative streaming platforms.
Who does your post serve? It’s definitely meaningful, especially inn a relatively smaller population like Australia.
Your post smells like piss.
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And here I was, thinking people are abandoning Netflix because they make bad shows.
62 per cent of those surveyed want production companies to compensate actors.
I’m so proud of everyone (not just fellow Aussies) for standing up for what’s right. 😊
Keep supporting the strike.
According to the chart it’s a loss of 3% of their total subscriber base. I highley doubt Netflix will bat an eye.
Well, it depends. Leveraging a growing subscription base into cheap debt is kind of their business model.
Breaking news; several users who were not paying for Netflix are now still not paying for Netflix.
