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Old 17-03-2019, 15:03   #5026
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Re: Netflix/Streaming Services

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Originally Posted by Horizon View Post
Err??

Which big companies had that many customers and then lost them a few years later?
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Originally Posted by Hugh View Post
MySpace had 76 million users, Google+ had 540 million users...
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Originally Posted by Horizon View Post
Users being the word word here.

Netflix has 139+ paying customers, not users.
So "users" aren't customers?

You didn't have the word "paying" in your initial statement...
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Old 17-03-2019, 15:06   #5027
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Re: Netflix/Streaming Services

This is silly...

Netflix has paying customers. The users who used Myspace and Google+, at least most of them, didn't pay for a service and that might explain why those services don't exist anymore.
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Old 17-03-2019, 15:07   #5028
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Re: Netflix/Streaming Services

Nokia. Pan Am. Lehman Brothers. Kodak.

Could be adding Boeing to that list if they don't handle their current crisis well.

I was reading earlier about a drug tampering incident in the US.
"Before the poisonings, Tylenol brands held around 35% of the US market for acetaminophen [paracetamol] and in the immediate aftermath, fell to 8%"
In that instance, the manufacturer handled the situation well, and eventually recovered their market share, but it shows how external factors can play a part.
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Old 17-03-2019, 15:18   #5029
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Re: Netflix/Streaming Services

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Originally Posted by Horizon View Post
This is silly...

Netflix has paying customers. The users who used Myspace and Google+, at least most of them, didn't pay for a service and that might explain why those services don't exist anymore.
Customers nowadays are quick to vote with their feet if they don't think they are getting value for money and no company can sit on their laurels and think that loyalty is permanent because it ain't as the business world is littered with corpses where companies took their customers for granted and then several years down the road found out that those customers were not there anymore and had gone off to someone else.
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Old 17-03-2019, 16:26   #5030
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Re: Netflix/Streaming Services

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Originally Posted by spiderplant View Post
Nokia. Pan Am. Lehman Brothers. Kodak.

Could be adding Boeing to that list if they don't handle their current crisis well.

I was reading earlier about a drug tampering incident in the US.
"Before the poisonings, Tylenol brands held around 35% of the US market for acetaminophen [paracetamol] and in the immediate aftermath, fell to 8%"
In that instance, the manufacturer handled the situation well, and eventually recovered their market share, but it shows how external factors can play a part.
I don't think Netflix intends to poison anyone and we could go through each one of those others, but really...?

Those were old companies who were behind the curve. Netflix is not only ahead of the curve, but leading it.

If someone comes out with a product that is better and cheaper than Netflix, then of course they're at risk. But 139m+ customers is a massive ladder for competitors to climb up and they won't get there anytime in the next three years, if at all.

---------- Post added at 15:26 ---------- Previous post was at 15:25 ----------

Quote:
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Customers nowadays are quick to vote with their feet if they don't think they are getting value for money and no company can sit on their laurels and think that loyalty is permanent because it ain't as the business world is littered with corpses where companies took their customers for granted and then several years down the road found out that those customers were not there any more and had gone off to someone else.
Agree, which is why Netflix is spending the money now on content while its still in its growth phase.
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Old 17-03-2019, 17:35   #5031
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Re: Netflix/Streaming Services

Microsoft was 'not only ahead of the curve, but leading it'.

Is it now?
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Old 17-03-2019, 18:05   #5032
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Re: Netflix/Streaming Services

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Originally Posted by Horizon View Post
I don't think Netflix intends to poison anyone
Just to clarify, the manufacturer didn't poison anybody. Someone injected cyanide into the capsules once they were on shop shelves. I just used it as an example of how unexpected external forces can seriously impact a business.

Quote:
Originally Posted by oliver1948uk View Post
Microsoft was 'not only ahead of the curve, but leading it'. Is it now?
Actually, yes. A good example of a company reinventing itself.
https://www.forbes.com/sites/andrewc.../#3eb9fbb25ce1

They have had more than their fair share of mis-steps over the years, though. I bet I'm the only person here still using Windows Phone
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Old 17-03-2019, 18:19   #5033
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Re: Netflix/Streaming Services

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They have had more than their fair share of mis-steps over the years, though. I bet I'm the only person here still using Windows Phone
Nope. Still using mine.
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Old 17-03-2019, 18:43   #5034
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Re: Netflix/Streaming Services

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Originally Posted by Horizon View Post
I hope not! Kinda destroys their business model if they do that.

The content they make now, in theory, should still be making them money for years to come. If they start licence it to others, it becomes a complete mess. However, I rule nothing out.
Not really. Once they've had their originals on there for, say, five years, most people who subscribe to Netflix to watch these programmes will either have watched them already or are not interested enough to view them. When that point is reached, it makes perfect sense to let other streamers or TV channels have access to them. If it is not on an exclusive basis then Netflix doesn't have to take those shows off its platform.
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Old 17-03-2019, 18:45   #5035
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Re: Netflix/Streaming Services

The problem being many Netflix originals aren't actually owned by Netflix.
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Old 17-03-2019, 19:21   #5036
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Re: Netflix/Streaming Services

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Originally Posted by muppetman11 View Post
The problem being many Netflix originals aren't actually owned by Netflix.
I guess that depends on the nature of the contract between Netflix and the owners of the content.

---------- Post added at 18:21 ---------- Previous post was at 18:19 ----------

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Just because they have 139 million customers now does not mean that will be the case in a few years time as there have been many big companies who many thought were untouchable only to find a few years after these companies were struggling to survive in a ever changing market.
139 million customers and you still predict doom and gloom. Unbelievable!
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Old 17-03-2019, 19:39   #5037
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Re: Netflix/Streaming Services

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139 million customers and you still predict doom and gloom. Unbelievable!
No doom and gloom from me OB as l would call it a dose of actual reality rather then the usual pie in the sky la-la land narrative...
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Old 17-03-2019, 19:43   #5038
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Re: Netflix/Streaming Services

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Originally Posted by OLD BOY View Post
I guess that depends on the nature of the contract between Netflix and the owners of the content.
Quite a few shows advertised as Netflix originals are shows Netflix have jumped on to distribute in other territories than that of the host broadcaster.

An example is The Sinner which is distributed by NBC Universal there are many more examples.
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Old 17-03-2019, 19:57   #5039
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Re: Netflix/Streaming Services

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No doom and gloom from me OB as l would call it a dose of actual reality rather then the usual pie in the sky la-la land narrative...
'Actual reality'? I have come to believe you are lurking in a parallel universe! You predict the demise of Netflix and accuse me of dodgy forecasts!
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Old 17-03-2019, 20:07   #5040
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Re: Netflix/Streaming Services

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'Actual reality'? I have come to believe you are lurking in a parallel universe! You predict the demise of Netflix and accuse me of dodgy forecasts!
l predicted that there would be a reckoning for Netflix due to increasing competition from some very powerful new players who will have lots of high quality newer content and a vast older catalogue of high quality content at its disposal which is something Netflix certainly does not have.
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