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Originally Posted by Horizon
On the maths, you work out what 151 million customers paying $10 is worth. A lot of wonga.
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Except it isn’t that straightforward. Sales taxes apply to that figure, and it’s not the same price in every country. In Turkey it falls to about £2.50 a month (currency fluctuations apply). Plus there’s the actual operating costs of Netflix itself.
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And I just mentioned about the studios keeping their own content and it appears that doesn't look like it will be the case according to recent interviews all the companies have done, apart from perhaps Disney. Viacom/CBS, AT&T and Comcast all seem keen on keeping some third party licensing deals in place, rather bizarrely.
That's a gamble. They get guaranteed revenues, but lose the opportunities to monetise off all their own content. But this may all change when the services actually launch.
Giving Amazon the international rights to the new Star Trek Picard show, seem bonkers to me, but that's exactly what CBS has done.
---------- Post added at 19:40 ---------- Previous post was at 19:33 ----------
Or Apple, with their massive customer base. Or Microsoft, they seem to still have a few customers.
I can't speak for what others may or may not have said, but Netflix are servicing that debt and banks are still happy to give them more. Again, 151 million customers and rising.
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Every company that collapses services debt at some point until there’s a trigger, and creditors pull the plug. Ability to service debt in the short term does not equal ability to do so in the long term. Especially in a competitive market with an easily disposable product.
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Disney + has zero customers because it doesn't exist yet, neither does HBO Max or the others. Netflix has a massive advantage here, can you not see that?? And if Amazon, Apple, Microsoft or even the Chinese (they're starting, Tencent bought some of Universal Music Group the other day) if these companies get serious about streaming whether it be drama or sport or everything, that is a major threat to the incumbents.
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And presumably a major threat to Netflix, if so?