{"id":1457599,"date":"2022-04-29T08:01:32","date_gmt":"2022-04-29T12:01:32","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1457599"},"modified":"2022-04-29T08:01:41","modified_gmt":"2022-04-29T12:01:41","slug":"7-counterpoints-about-whether-netflix-will-keep-bleeding-subscribers","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/7-counterpoints-about-whether-netflix-will-keep-bleeding-subscribers\/","title":{"rendered":"7 Counterpoints About Whether Netflix Will Keep Bleeding Subscribers"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">18<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2F7-counterpoints-about-whether-netflix-will-keep-bleeding-subscribers%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1457599&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><p>Few thought the bubble would burst\u2014until it did. Netflix, the leading global provider of paid streaming video on demand, announced last week its <a href=\"https:\/\/www.axios.com\/netflix-slowdown-sea-change-streaming-be0d6ff2-a7a0-4dbc-b66d-b78b7e9378f0.html\">first major dip<\/a> in subscribers after more than a decade of consistent growth. Subsequently, a 35 percent stock drop <a href=\"https:\/\/www.cnbc.com\/2022\/04\/20\/netflix-plunges-trading-subscriber-loss.html\">wiped out<\/a> more than $50 billion in market value overnight.\u00a0<\/p>\n<p>Naturally, Netflix tried to spin it as a blip, related to subscriber password-sharing and other factors. But many now question fundamental strategy assumptions.<\/p>\n<p>The acronym TAM, or Total Addressable Market, is the current buzzword. Bullish streaming observers have said the United States could grow to well beyond 100 million streaming subscribers, while others contended 80 million is probably near the ceiling. Netflix <a href=\"https:\/\/www.statista.com\/statistics\/250937\/quarterly-number-of-netflix-streaming-subscribers-in-the-us\/\">has hovered<\/a> around 74 million for years.<\/p>\n<p>In popular entertainment, both business and cultural factors are at play. Here are four reasons Netflix is bleeding subscribers, and three unique advantages the top streamer has that could result in a rebound (and continued dominance) down the road.<\/p>\n<h2>1. Netflix Competitors Are Creating Originals, and Taking Back Hit Netflix Shows<\/h2>\n<p>For years, almost every major Hollywood player\u2014from Disney to Comcast-NBC-Universal to Warner Bros. Discovery\u2014has been trying to mimic Netflix\u2019s strategy and Wall Street golden-boy status. While execs perhaps have privately smirked at their rival\u2019s tumble, it\u2019s a wake-up call that streaming success will be harder than most thought.<\/p>\n<p>Those competitors have poured billions into their own streamers, creating a few hits like \u201c<a href=\"https:\/\/thefederalist.com\/tag\/the-mandalorian\/\">The Mandalorian<\/a>\u201d (Disney Plus) and \u201c<a href=\"https:\/\/thefederalist.com\/tag\/ted-lasso\/\">Ted Lasso<\/a>\u201d (Apple TV Plus). But the bigger loss for Netflix has been studios pulling back their most-binged shows, with \u201cThe Office\u201d moving to Peacock, <a href=\"https:\/\/thefederalist.com\/2022\/03\/07\/disney-plus-will-soon-feature-marvel-series-with-explicit-content-parents-beware\/\">Marvel shows<\/a> to Disney Plus, and \u201cFriends\u201d to HBO Max. No wonder subscribers left.<\/p>\n<h2>2. But the Top Streamer\u2019s Critical Mass of Subscribers Will Be Difficult to Overtake<\/h2>\n<p>With tech-savvy innovation, Netflix basically invented the streaming service in 2007. For millennials, many who\u2019ve never had a cable TV subscription, the Netflix brand is synonymous with in-home entertainment, like Kleenex is to hand tissues. As Entertainment Strategy Guy <a href=\"https:\/\/entertainmentstrategyguy.com\/2022\/04\/13\/u-s-streaming-subscriber-estimates-for-q4-of-2021\/\">reports<\/a>, Disney has to combine figures from their two services to approach the reach of Netflix.\u00a0<\/p>\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"868\" height=\"552\" src=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2022\/04\/IMAGE-1-Chart-US-Subs-2021-Q4.png\" alt=\"\" class=\"wp-image-271503\" srcset=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2022\/04\/IMAGE-1-Chart-US-Subs-2021-Q4.png 868w, https:\/\/thefederalist.com\/wp-content\/uploads\/2022\/04\/IMAGE-1-Chart-US-Subs-2021-Q4-300x191.png 300w, https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2022\/04\/IMAGE-1-Chart-US-Subs-2021-Q4-768x488-1.png 768w\" \/><\/figure>\n<\/div>\n<p>Netflix quickly moved to expand its app worldwide, currently available in more than 190 countries. Powered by servers across the globe, the streamer is widely accessible on every device. Major rivals, along with smaller conservative-alternative services like <a href=\"https:\/\/try.frndlytv.com\/\">Frndly TV<\/a>, <a href=\"https:\/\/www.dovechannel.com\/about-us\">Dove Channel<\/a> and <a href=\"https:\/\/www.pureflix.com\/\">PureFlix<\/a>, are all playing catch-up to the first-to-market leader.\u00a0<\/p>\n<h2>3. Some Families Canceling Disney Plus Likely Decided to Dump Netflix Too<\/h2>\n<p>The clash of values between Hollywood and conservatives has been obvious for decades. Lately, entertainment empire Disney\u2014once trusted for its family-centered approach to storytelling\u2014<a href=\"https:\/\/www.washingtonexaminer.com\/news\/leaked-video-disney-executive-pushes-targeting-queerer-gen-z-audience\">has become the target<\/a> of many conservatives\u2019 ire. Few know if that effort made an effect until analyzing Disney\u2019s latest subscriber figures, set to be updated <a href=\"https:\/\/thewaltdisneycompany.com\/disneys-q2-fy22-earnings-results-webcast\/\">May 11<\/a>.\u00a0<\/p>\n<p>It\u2019s possible that the greater scrutiny given Disney Plus (\u201c<a href=\"https:\/\/www.crosswalk.com\/culture\/features\/4-things-parents-should-know-about-turning-red.html\">Turning Red<\/a>\u201d among <a href=\"https:\/\/thefederalist.com\/2022\/03\/07\/disney-plus-will-soon-feature-marvel-series-with-explicit-content-parents-beware\/\">other films<\/a>) has caused some families to dump the top streamer too. Netflix shows like \u201cSex Education\u201d and animated \u201cBig Mouth\u201d feature explicit content that push even their TV-MA rating. Their update of \u201c<a href=\"https:\/\/thefederalist.com\/2020\/07\/30\/netflixs-the-baby-sitters-club-writer-were-making-tween-trans-propaganda-on-purpose\/\">The Baby-Sitters Club<\/a>\u201d has a biological boy joining the girls\u2019 club. And French film \u201cCuties\u201d on Netflix, featuring scenes of sexualized minors, has sparked an <a href=\"https:\/\/www.newsweek.com\/why-texas-da-standing-netflix-opinion-1696424\">ongoing legal battle<\/a> in Texas.\u00a0<\/p>\n<h2>4. Yet Netflix Still Has Broadest Library And Best Usability of Any Streamer\u00a0<\/h2>\n<p>Every month, Netflix adds more than their rivals to what\u2019s essentially <a href=\"https:\/\/dejaview.news\/comparing-streaming-services\/\">the largest<\/a> film and TV streaming library. It\u2019s not only in horror, reality TV, and rom-coms (I\u2019ll pass), but an impressive slate of documentaries, <a href=\"https:\/\/www.netflix.com\/browse\/genre\/70023\">World War II<\/a> <a href=\"https:\/\/www.netflix.com\/browse\/genre\/70905\">titles<\/a> (\u201cOperation Mincemeat\u201d out soon), and favorite films from the 80\u2019s-90\u2019s-and-today. To their credit, since Netflix brought on popular and controversial \u201c<a href=\"https:\/\/www.hollywoodintoto.com\/seinfeld-cancel-culture-out-of-control\/\">Seinfeld<\/a>,\u201d they haven\u2019t edited any episodes.<\/p>\n<p>Boosted by originals like big-budget series \u201cStranger Things\u201d and \u201cThe Crown,\u201d with new seasons out in coming months, the real secret sauce of Netflix is its recommendation engine. In multiple user-friendly ways, it constantly suggests other similar titles and gets users to fill up their watch list. Other services stream classics, but Netflix does better at maximizing its library.\u00a0<\/p>\n<h2>5. This Year\u2019s Slate of Netflix Originals Has Done Far Worse Than Last Year\u00a0<\/h2>\n<p>Analyzing Netflix\u2019s woes, Jim Geraghty of National Review explains how data drives the top streamer\u2019s decision-making process. He <a href=\"https:\/\/www.nationalreview.com\/the-morning-jolt\/the-stranger-things-about-the-sudden-netflix-subscriber-drop\/\">wrote<\/a>: \u201cRunning show-creation proposals through an algorithm probably ensures you\u2019ll get shows and movies that are like shows and movies that were hits in the past\u2014not necessarily new creations that are bold, unusual, or surprising.\u201d<\/p>\n<p>The numbers back up this observation. Only four years ago, half of the 30 top-rated shows on IMDb could be found on Netflix, according to one <a href=\"https:\/\/www.vulture.com\/2022\/04\/netflix-bad-decisions-have-caught-up-with-it.html\">Hollywood insider<\/a>. Today, that figure is only 8 of the top 30. Netflix <a href=\"https:\/\/thefederalist.com\/2022\/02\/09\/keep-an-eye-out-for-these-17-intriguing-movies-coming-in-2022\/\">generated buzz<\/a> with its trailer of 87 films to come in 2022, but the <a href=\"https:\/\/www.whats-on-netflix.com\/news\/new-netflix-movies-released-in-2022\/\">track record of hits to misses<\/a> hasn\u2019t been hot.\u00a0<\/p>\n<h2>6. However, Netflix Is Still Placing Big Bets On Many Diverse Producers\u00a0<\/h2>\n<p>Surprisingly, Netflix has funded shows that defy or even mock leftist orthodoxy. Karate-centric dramedy \u201cCobra Kai\u201d <a href=\"https:\/\/thefederalist.com\/2022\/01\/19\/cobra-kai-is-netflixs-no-1-because-its-anti-woke\/\">skewers<\/a> political correctness and promotes personal responsibility. Even after provocative comedian Dave Chappelle sparked a <a href=\"https:\/\/thefederalist.com\/2022\/01\/19\/cobra-kai-is-netflixs-no-1-because-its-anti-woke\/\">walk-out of Netflix staff<\/a> over his latest special, the streamer announced they\u2019d be working with him on future comedy programs.\u00a0<\/p>\n<p>If adaptations of gritty comics and video games aren\u2019t your thing, prepare to skip many Netflix originals. But in terms of <a href=\"https:\/\/www.whats-on-netflix.com\/coming-soon\/netflix-movies-coming-in-2022-2023-beyond-04-2022\/\">historical drama<\/a>, <a href=\"https:\/\/www.scotsman.com\/arts-and-culture\/film-and-tv\/netflix-true-crime-2022-10-of-the-best-true-crime-series-on-netflix-uk-3430196\">true-crime series<\/a>, <a href=\"https:\/\/www.whats-on-netflix.com\/coming-soon\/sports-documentaries-coming-to-netflix-in-2022-and-beyond\/\">sports documentaries<\/a>, and those random favorites everyone has (i.e. \u201c<a href=\"https:\/\/www.christianpost.com\/news\/dennis-quaids-blue-miracle-wins-most-inspiring-film-of-2021.html\">Blue Miracle<\/a>\u201d or \u201cFloor Is Lava\u201d <a href=\"https:\/\/www.whats-on-netflix.com\/news\/floor-is-lava-season-2-netflix-release-status-and-production\/\">returning soon<\/a>), hidden gems of many varieties can be found amidst the dross.\u00a0<\/p>\n<h2>7. Constant Price Increases Result in Many Dropping Netflix, Other Streamers<\/h2>\n<p>As inflation hits hard, many are tightening their entertainment budget, and Netflix is the <a href=\"https:\/\/thestreamable.com\/news\/canceling-netflix-after-price-hikes-7-cheaper-options-to-stream-tv-and-movies-in-2022\">most pricey<\/a> of the major streamers. Rivals won\u2019t get off easy either. Word has it that Disney Plus plans to hike prices this fall, when it launches a cheap version of their streamer with ads. While Hollywood is counting on such strategies to drive growth, no one knows for sure.<\/p>\n<p>With spring in full bloom, and summer sports and travel around the corner, many households will have less time for screens. (Watch for details about <a href=\"https:\/\/www.screenfree.org\/\">Screen-Free Week<\/a>.) Just as being active outdoors strengthens the body, engaging with stories\u2014including ones playing out on screens\u2014can feed the soul. Discerning viewers know the content and purpose of those stories matters.<\/p>\n<hr class=\"wp-block-separator\" \/>\n<p>\n  Josh Shepherd covers culture, faith, and public policy for several media outlets including The Stream. His articles have appeared in Christianity Today, Religion &#038; Politics, Faithfully Magazine, Religion News Service, and Providence Magazine. A graduate of the University of Colorado, he previously worked on staff at The Heritage Foundation and Focus on the Family. Josh and his wife live in the Washington, D.C. area with their two children.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Few thought the bubble would burst\u2014until it did. Netflix, the leading global provider of paid streaming video on demand, announced last week its first major dip in subscribers after more<\/p>\n","protected":false},"author":626,"featured_media":2315279,"comment_status":"open","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"","fifu_image_alt":"","footnotes":""},"categories":[],"tags":[],"class_list":["post-1457599","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry"],"_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1457599","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/626"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1457599"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1457599\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2315279"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1457599"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1457599"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1457599"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}