Cell phone providers are paying for your Netflix sub at this point. It's rolled into everything.Quoting Skitch (view post)
Cell phone providers are paying for your Netflix sub at this point. It's rolled into everything.Quoting Skitch (view post)
Forgive me I've never paid a cell phone bill in my life, so I don't quite get what you mean.Quoting Dukefrukem (view post)
You're doing what the Valley used to call "Chinese math," eg: There are over a billion people in China. If you convince just 1% to pay retail for your product, well hell, that's 10 million customers! Easy! You'll be rich! Your startup will be a raving success!Quoting Dukefrukem (view post)
It doesn't quite work that way.
Netflix does not have 150 million subscribers paying $16 a month.
Not everyone in every territory pays the same fee, and the catalog differs from place to place. Subscribers in India and Eastern Europe pay pennies on the dollar compared to you. (And it's not like Netflix paid $500 million so some Romanian teenager will be all, "Oh finally! I can binge on Jerry just like I always wanted!")
Understand that 30 million people is roughly 1 out of 10 citizens (not NFLX subscribers, citizens) in the United States, or just under the entire populations of countries like Canada, the UK, or France.
So looking at the numbers a different way, you guys are suggesting that literally 1 out of every 10 people you see will pay 15 bucks a month to watch "Seinfeld" and "Friends."
If rabid fans existed in significant numbers then shows like "Arrested Development" would have received more episode orders from Netflix, shit like "Always Sunny" would enjoy higher cable viewership, someone would have revived "The Office" by now, and bought "Supernatural" outright.
Niche audiences will always be niche audiences. You can make money off niche but not in a way that directly impacts the bottom line.
The simplest explanation is that Netflix spent half a billion dollars on a loss leader, to create the impression of value. (Which is something Duke mentioned a few posts back.)
Personally, I think that's insane and totally not worth it, especially because they're also running like $12 billion in debt now.
PS: Netflix's domestic subs --- where they make the most money --- have nearly flatlined over the last 3 years and they lost over 100,000 members between Q1 and Q2 2019. Those numbers aren't significant versus their total base, but they're telling.
Last edited by Irish; 09-26-2019 at 10:14 PM.
Wut.
All I did was google "Netflix subscribers" to get my numbers.Quoting Irish (view post)
Well, I was trying to make the case that your numbers were bad but your assumptions were worse.Quoting Dukefrukem (view post)
25 or 30% of anyone's base is a huge number on which to predicate behavior, regardless of how many actual customers we're talking about.
I'm going off (long ago) professional experience. For comparison: In any action a business takes or any campaign they mount, they'll get maaaaaybe a 1-2% response rate. 3-4% if they're lucky.
Skitch's assumptions are similar to yours, in that he sees what's true for his immediate peer group as true across state and national lines.
The WaPo article interested me because it answered one of my earlier questions --- ie, nobody has actual numbers that say, yes, NFLX's "Seinfeld" buy was a good deal for them or their subscribers.
Well my main point, was if we had access to those real numbers, the real data that Netflix has, they can figure out what their break-even point is when doing a $500 million deal. I was just sketching out how it would be done.Quoting Irish (view post)
Quoting Irish (view post)But all those shows are relatively niche shows with rabid (not EVERYONE) type fanbases. Thats why Arrested Development keeps getting cancelled, Always Sunny has okay cable viewership, The Office appeals to a good-not-mindblowing crowd and (literally yesterday) when I asked for unpopular opinions on FB, 2 in about 15 mentioned they hated it, and Supernatural has enough legs to have 27 seasons yet the only people I know who watch it are exactly THOSE 2 PEOPLE that hated the office.
Yeah, but you're making another assumption there, that Netflix bought the rights to "Seinfeld" as a direct investment that will pay out $X over a number of years. I don't think they did, and I don't think anyone can say otherwise with a degree of confidence. (Mostly, because the numbers don't match up.)Quoting Dukefrukem (view post)
I think it's insane to believe there's a large enough audience for these shows to justify the huge payouts, at least in a dollar for dollar, investment sort of way.
r/DunderMifflin has 1.2 million members.Quoting Skitch (view post)
I mean, I see your point about cult shows, but "The Office" ran on a major network for 9 seasons.
How many viewers is that on Netflix? That may be one million people that have/had Netflix just for The Office.Quoting Irish (view post)
I have lost the narrative of this conversation. I'm sorry guys, I've been up since 4am every day this week for work, I will try harder this weekend, but I'm just tired and confused right now.
Netflix is back in my good books for funding Andrew Dominik's next film. That dude should have money thrown at him to make whatever he likes.
Last 10 Movies Seen
(90+ = canonical, 80-89 = brilliant, 70-79 = strongly recommended, 60-69 = good, 50-59 = mixed, 40-49 = below average with some good points, 30-39 = poor, 20-29 = bad, 10-19 = terrible, 0-9 = soul-crushingly inept in every way)
Run (2020) 64
The Whistlers (2019) 55
Pawn (2020) 62
Matilda (1996) 37
The Town that Dreaded Sundown (1976) 61
Moby Dick (2011) 50
Soul (2020) 64
Heroic Duo (2003) 55
A Moment of Romance (1990) 61
As Tears Go By (1988) 65
Stuff at Letterboxd
Listening Habits at LastFM
He directed the Manson episode of Mindhunter too.Quoting transmogrifier (view post)
Eventually I will cancel Netflix if their price starts heading towards cable territory. However until then I am literally keeping them for the small amount of programming I watch on it every month. Hell for a while I kept Netflix mostly to watch their superhero shows plus Stranger Things.
What I don't get is Hulu's appeal. Yes it's great to use to keep up with TV shows on air, but their library is no less or better than Netflix's.
BLOG
And everybody wants to be special here
They call your name out loud and clear
Here comes a regular
Call out your name
Here comes a regular
Am I the only one here today?
Most out-of-left-field good series this year: The Dark Crystal: The Age of Resistance?
Midnight Run (1988) - 9
The Smiling Lieutenant (1931) - 8.5
The Adventures of Robinhood (1938) - 8
Sisters (1973) - 6.5
Shin Godzilla (2016) - 7.5
One thing I feel Netflix could change is how individual streams are used. We had our Israeli friends over this summer and they gave us their Netflix password when they left. They're paying for four streams when they use two at most at any time, so our friend's sister in the US is using the fourth.
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Apparently Netflix's first 'in-house' animated feature film.
Very, very exciting, though I'd always hoped for a live movie trilogy with CGI mo-cap Bones and regular humans. Just glad it's getting adapted finally!Quoting Philip J. Fry (view post)
last four:
black widow - 8
zero dark thirty - 9
the muse - 7
freaky - 7
now reading:
lonesome dove - larry mcmurtry
Letterboxd
The Harrison Marathon - A Podcast About Harrison Ford