The REAL Reason Netflix Lost $60 BILLION In One Day - Patrick Bet-David

Patrick Bet-David Podcast Episode 148. In this short clip, Patrick Bet-David reveals the real reason Netflix lost $60 billion in one day. Get your #FREEWILL Shirt here: freewillshirt.com/
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[@omarahelluc94]

The success behind my profit earning in bitcoin Investment is not solely on my skills but by the help of Investing with an expert.

[@jessebell3534]

@Urs Steiner My nephew that I referred to him just received €50,000 profit after 5 days of investing....I became jealous lol

[@jessebell3534]

I think he's a great personality in the state ,

[@pmo1708]

I truly believe it’s a combination of everything. Price increases, always cancelling shows, woke garbage content, and trying to end password sharing. I have the plan that allows 2 people to be on the same account. I let my mother who does not live with me be the other person to use the account. Why does it matter if the other person using my account lives with me or not? If I’m paying for 2 people to use it, it should be people anywhere in the world.

[@aplacetobewithmythoughts7428]

Yup you nailed the main points. I haven’t used Netflix since 2015 but they kept raising the price, pushing woke narrative (which will alienate your customer base in half right there), password sharing etc... people just like “nah... i don’t need to renew”

[@mR-dc4oq]

I quit Netflix a year ago because I didn’t want to pay to have their minority bull crap culture shoved down my throat.

[@MrUltraworld]

You pay for 2 people to share the account, doesn't matter if the other person lives in your house or not. You're doing nothing wrong.

[@ruru6881]

My son was sharing it with me ,his mom . When they raised the price, I told him I said I am not watching Netflix since they went woke , he said neither I. He dropped it

[@pmo1708]

@Fred Garvin Yes, but that’s one of the changes they want to implement. I believe what I heard was that if the person you share the password with lives outside of the same residence as you, they can tell by the difference in the IP Address. So the person who’s not listed as the account holder will lose access to logging into that account.

[@larryb5397]

A wise man once said "Everything woke turns to shit."... It never fails.

[@analys1422]

Amén brothers !

[@realzoir]

Explain?

[@martinjacket2637]

the Stop the Steal clown ?

[@KennethNicholson1972]

@@realzoir Investigate yourself, you have your own brain. Or do you?

[@cameroninc2086]

The problem I see with Netflix is: 1). They cancel shows 2). They started doing weekly episodes (I liked Netflix because I just want to binge a show and move on not draw it out like other platforms) if I wanted to watch weekly episodes I would record them on my cable box and skip the commercials 3). Not as much new releases and good content

[@adinero50]

I'm also thinking their lack of content is COVID driven as well. They pushed a lot of content forward in their release schedules to keep up with the consumer demand when everyone was home. I think that produced inferior show releases to fill the pipe and rushed production schedules as well.

[@geminilife756]

@@adinero50 Naw, since the chappelle stand-up, they have been trying to over correct with wokeness and it's killing them

[@geminilife756]

They only copied the once a week thing from Disney plus because it changed the game with the mandolorian

[@DocOrtmeyer]

This. Fucking sick of waiting a week for an episode. And cancelling AMAZING shows like altered carbon. And The OA

[@adamrice5267]

@@adinero50 it could have been filled with shows better than "cuties" or "hes expecting". Its not covid its woke BS

[@tinker3962]

Netflix got so good at cancelling things ... they cancelled themselves. A simple case of an arsonist setting their pants on fire. Nuff sed.

[@robotsaysbeebooboop]

It's not their fault NBC, cbs and Disney pulled their content. I'm not an apologist but it's not as simple as you say

[@nicktay66]

@@robotsaysbeebooboop that’s part of it, but they do constantly cancel shows

[@truthaboveall7988]

they cancel all the best shows

[@gergc4871]

That reminds me of those videos of "protesters" setting fire to other protesters with terribly thrown molotov cocktails.

[@tinker3962]

@@robotsaysbeebooboop They went stupid woke, lost their loyals ....going broke. Their fault. No tears. Nuff sed.

[@destes2384]

The other huge issue is that they don’t finish shows. Instead of having 10 GREAT SHOWS. They’ve started 100 shitty shows and keep canceling them. I won’t even start a show on Netflix unless I know it has not already been canceled.

[@jaylenny62]

I thought I was the k my one who noticed this. I can never find anything interesting to watch on there. Just a few and after a long search.

[@MakerInMotion]

The way I saw it explained is they only care about growth. A show that has a lot of fans but isn't growing its audience gets cancelled. Finding a sizeable audience and keeping them isn't enough. That's why they rarely renew past a second season. Most shows have established their fanbase after 2 seasons and growth either slows down or stops. They should have been keeping those shows going because keeping your existing customers matters too. They're laser focused on bringing in new ones.

[@reaazali6347]

Agreed 100%

[@PinkstonFilms]

That’s why I usually try and hold out until there’s at least 2 seasons before I start a series but sometimes it’s too hard to resist. Then I get hooked and only to see it get canceled.

[@cainabel2009]

Same as me, I never watch a Netflix show until I know it is going to be canceled. One of the reasons I am not watching Netflix is the woke agenda they pushing out... he's expecting lol.

[@CoryD918]

I quit Netflix after Cuties came out. I was working on getting past all the Alphabet community nonsense they were forcing into every show, but marketing and praising the sexualization of kids was it for me. Cancelled the day it was released and realized what it was about.

[@IndigoMystik]

Same.

[@Holleylifestyle]

“Go Woke Go Broke.” I feel sorry for some of the Employees that just wanna work there. Every business focus on pleasing Woke culture is destroying their business model. Focus on Business not Politics.

[@bigheadrhino]

Cracking down on password sharing is a huge mistake. When your business is doing bad, you’re supposed to offer deals to attract more customers, not punish your existing ones.

[@markmedley6849]

Exactly. Not sure what they are thinking.

[@AwesomestGreatestMostestFunny]

yup.... my kids use mine it's the only reason I didnt cancel when they went all woke.

[@bigheadrhino]

I still like Netflix but they have serious competition… this is not how you compete.

[@x6da9crain]

yea but corporate wants to get their annual growth $$. which doing away with their classic modo is a bad idea plus if they add ads then they will be on par with 70% of the other competitors

[@kylecasey7890]

@@markmedley6849 I think it has to do with perception, and sticking to the narrative. To me it seems like Netflix and all other woke corporation’s are getting their pockets padded by someone, and they aren’t worried about losing the money. I can’t think of any other reason as to why they would just keep going this direction full speed ahead.

[@walkerskii]

"Go woke, go broke" is one of the greatest books ever! Along with Mike Tyson's "everyone's tough until they get punched in the face" hahaha!

[@sonnydelight5737]

"everyone's GOT A PLAN until they get punched in the face"

[@montyrayza7220]

Well said and Including passengers that harass the most dangerous man on planet earth !!! LOL

[@imafraidicantdothat.9203]

You know that show that they were talking about “he’s expecting” has nothing to do with trans people. It’s a Japanese comedy based on a Japanese comic book. It’s sort of a sci-fi comedy where 1% of the male population can become pregnant. It’s no different than that movie Junior with Danny Devito and Arnold Schwarzenegger. Also Billy Crystal made a movie in the 70s where he was a pregnant man. Men being pregnant is a comedy trope that’s like 60 years old.

[@imafraidicantdothat.9203]

It’s funny the people on the left say Netflix is anti trans hate speech. The people on the right say that it’s pro trans woke. It can’t be both and if it is it’s a push.

[@DavidHeffron78]

@@imafraidicantdothat.9203 Yes, but don't forget, these people have the brains of a 90 year old. Who has Alzheimer's.

[@kristensherman924]

Left Netflix a while ago when I started to realize that a disproportionate amount of their programming consisted of gratuitous homosexuality, sexual objectification of children or trans actors being used in a role where it just doesn't make any sense. I felt like I was having it crammed down my throat on the regular. I'm a straight woman and there is NOTHING that excites me about 2 dudes going at it, and I doubt I'm in the minority. Netflix doesn't get that.

[@DavidHeffron78]

Name 3 trans actors with prominent roles in Netflix content.

[@davwanemo2]

@@DavidHeffron78 why? because any Tran actor alive currently is considered an established actor where we would remember their name? So because I can’t name the actor playing the homosexual or confused gender identity person that all of sudden means they don’t exist and aren’t being constantly shoved down our throats? Kind of like CRT within school Curriculum right, just not there?

[@DavidHeffron78]

@@davwanemo2 so that’s a “no” then?

[@nonnoyobisnis8705]

Isn't it strange that basically every single Blockbuster back in the year 2000 offered way better choice than all streaming services combined today? Even funnier that kids have no idea and think that Netflix, Prime, D+ etc. are the shizzle. They cant imagine that boomers used to walk into video libraries regularly that offered hundreds of REAL blockbusters at a time a mere fifteen years ago.

[@isaacmonson4403]

I stg they shut down after a dude hopped up on pills drunk slammed his truck right into the local blockbuster in 2014 when i was living in san antonio LMAO never heard of or even seen anything about blockbuster ever since then

[@jimpayne9545]

Netflix came out of the gate with some great content. Then they went crazy with way too many new shows just to see what would stick, losing focus on the original shows and canceling them without even bringing them to a satisfying conclusion. Next, they started raising their prices during a pandemic and inflation. Then, in order to satisfy a vocal 5%, and continue alienating the other 95% of their subscriber base, they released "He's Expecting." Well, I'm expecting Netflix to continue to lose subscribers and stock value as they continue down this path. There's a small percentage of people that are very vocal with social media, and the rest of us just speak through our wallets.

[@thejourneyman4life]

This.

[@mcfrisko834]

It's that silent majority that matters 💵

[@lilid5016]

Watching that movie is a choice you aren’t being left out because they satisfied 5% for 15 seconds

[@noahschmartz2354]

beautifully put!

[@WinWin-oo4uk]

Arnold Schwarzenegger made a movie about him being pregnant.

[@edigabrieli7864]

Lets just hope this coming monday they will lose another 60 Billions.

[@edwardbarraza4848]

I did my part lol

[@peterhanson6215]

Time to hit them all. Disney, EA, all big companies. They can't sell what we don't buy.

[@NoName-rl3fh]

Yep with vids like that

[@kinGsaL1515]

I just canceled

[@blackavengeroftheafricanma4467]

I just canceled and deleted my account. They don't even have any better content after paying $15 a month..

[@weekendwarrior3814]

You hit the nail right on the head -“…Netflix is telling the joke to one person”. That’s a mic drop statement, right there!

[@ozmorfgamereviews]

I think raising prices impacts this generation more than previous generations. If you had a decent job, it used to be that you could support a family and buy a house. But now days you have to work multiple jobs just to keep up with rent, and a lot of people are unable to buy a house in this market. So raising Netflix subscription prices hurts this generation quite a bit...

[@darthvader4027]

This is true, the cost of living is much higher now, generation x was the last generation to afford housing. Millennials barely own houses, Gen Z will be even less.

[@1queijocas]

Plus we will always have a free alternative called KZbin for entertainment

[@BILLIONAIREGH]

It is this same generation that prioritise owning latest iPhone, ipad etc and pay $200 to see a concert

[@ni5hu]

Is there anything worth watching on Netflix?

[@barryhampton6270]

@@ni5hu ozark , ultra seven

[@denverjohnson5640]

People don't like to be forced to accept things, especially when they are demonized if they merely wish to not engage.

[@hamwhacker]

Get woke go broke…

[@ragemonkey117]

@@hamwhacker lol that's such a shitty saying. This isnt even applicable to this situation.

[@Donjasoni]

How about this one?…..go woke….and you’re a loser.” Haaaaaa I think it has ring to it.

[@ragemonkey117]

@@Donjasoni yeah that one's pretty stupid. Has all the hallmarks of a 14 year old virgin.

[@denverjohnson5640]

@@ragemonkey117 the "woke" movement is so far removed from what it began as that is now a joke.

[@phazonmichel]

It’s the cancelling of great shows for me. I was seriously invested in The OA and The Society and then Netflix just said F-you to the consumers/audience and cancelled both shows which both ended on a cliffhanger. After those cancellations, I distanced myself from Netflix.

[@projectkairos2231]

Seriously some of the best shows in Netflix! I am really surprised they cancelled Society!

[@arniepineda7799]

The OA was legit🔥🔥🔥🔥

[@abasabasabas8584]

OA?

[@saintzig]

@@abasabasabas8584 its a Netflix show.

[@karlsolutions7115]

Why the F*CK did they cancel the OA 😡

[@Micloren]

Netflix is gonna be like Golds Gym… “Oh you wanna cancel? We’re gonna need a letter from you, signed, witness signature, a $99 processing fee, and a vial of your blood.” A month later… “Sorry. We never received your letter.”

[@winstonsmith6204]

😂😂😂😂😂

[@seekeroftruth9200]

Let me see if I am getting this right: - They increase their prices - People have less money at their disposal - They flip on the whole Share your password thing - The constantly cancel shows without a satisfactory ending - They increasingly produce content most of their subscribers don’t want to watch - They release 1 episode per week for certain shows - They have an increasing number of competitors with equal or better content - They plan on starting to introduce advertising All in all it looks like they are doing a great job 😂😂😂

[@bigshadow847]

The constantly canceling of shows really hurt them

[@mentoriii3475]

go woke, go broke

[@ThinkTankIllustration]

@@mentoriii3475 the have something for everybody, so that's not it.

[@ThinkTankIllustration]

@@mentoriii3475 I think the reasons behind that are; The rising cost of food and energy. The increase of the membership prices The lack of password sharing ability.

[@halfnelson6115]

Altered Carbon was great if you like sci fi. I was disappointed when that got canceled.

[@hugocervantes1934]

@@mentoriii3475 lol 😂

[@covert0overt_810]

netflix went woke. everything woke turns to shit…

[@hadriusreznor3247]

Underrated comment

[@hotrox2112]

I will never get tired of hearing the Boss say those words...

[@kellybeachler4177]

This 💯

[@marcodraven9778]

I don't think he/she knows what woke means.

[@ligafftheindifferent3495]

When I first got Netflix, the monthly price was about $6. There were not as many good shows as the cable networks, but for the price, it was a great deal and I did not need more. Now it seems like it is running low on content. That would be OK at $6 a month, but at $20 a month, I am not nearly so happy with them. They also have some big issues with security and people hacking into accounts. I can avoid the "woke" garbage, but that is also a bit disturbing.

[@RandomEvents_]

My Netflix and TV show watching in general have stopped since 2017. I just watch KZbin. No Facebook or Twitter. I have an Instagram account for my business. I've never felt such peace just focusing on my family and work without bullshit world news telling you how bad your neighbors are and how you should feel about the world. If technology isnt making you money then you have no use for it and are wasting most of your life watching others love their life. Much love ❤💚💨💨👊🏼✌🏼

[@thethomasj1795]

$22 a month for something I watch occasionally. I'm canceling in May.

[@Alan-ml8vq]

Definitely canceled two months ago it’s not worth it. Eventually you watched all the good stuff

[@dertythegrower]

you paid for the cuties lawsuit, why...

[@thethomasj1795]

@@dertythegrower I like Ozark and the recsnt Transformers trilogy.

[@snipesentertainment9037]

I dropped Netflix because i'm getting unwanted spoon fed material that is offensive. Ultimately piracy has hurt them and they don't want to admit it.

[@SerErryk]

Can't believe they had a child porno for awhile. Disgusting.

[@snipesentertainment9037]

@@SerErryk child porn with preteens, unexpected gay scenes, religious misrepresentation, and the list goes on and on.

[@GreenEnvy.]

“You either die a hero, or you live long enough to see yourself become the villain.” Netflix became the villain.

[@rupertwisdom1229]

I left Netflix because of the content in a cartoon that my child was watching was inappropriate for her age. And this was in the child account.

[@becky6568]

The day they got the Obama’s on the board I quit it . Glad I did .

[@Maggie1965]

That was when and why I canceled my Netflix account.

[@gedwardnelson]

Same here.

[@truthaboveall7988]

yeah they r horrible compared to Trump who is so honest & not at all a grifter who is chosen by God & who is def not at all responsible for the worst economic crisis in US history since Bush.

[@illapuproductions]

I mean I get it but why? Unless they put out woke stuff.

[@gedwardnelson]

@@illapuproductions they paid them to put out their damaging ideology.

[@chrissavoy3643]

Disney, Netflix, Will Smith, and the list goes on. I love it!! 🤣 Woke Hollywood is falling asleep fast. 😪

[@joemachine4714]

CNN and CNN+ too lol

[@winstonsmith6204]

@@joemachine4714 what's CNN+? 😂

[@joemachine4714]

@@winstonsmith6204

[@anantapadmanabhmyatagiri]

What happened to Disney?

[@DavidBrendan7799]

My issues with Netflix! Every movie is dystopian, every tv show is one or two seasons without a conclusion. Maddening!

[@AmericanTestConstitution]

"The customer is always right"

[@nheme87]

Netflix cancels shows that viewers don't view in a certain way (read: binge it), so you get a lot of prematurely cancelled shows which ends up turning into a self-fulfilling prophecy. A new show comes out, viewers waiting a bit to avoid getting frustrated if Netflix cancels the show after one season, which reflects in the KPIs for the show, making Netflix cancel the show because of viewership. It does not help at all that they point the fingers at the customers saying they are the problem.

[@NM-ex4jk]

That's why I like snowpiercer, you literally can't binge it.

[@marioxmariox]

Then Netflix has anime and they don't upload episodes until months after it is done airing, so people are going to just pirate it since it is the only way to watch it.

[@ancientartrevived]

It's a simple fix - create an efficient of communicating with the audience and obtain actionable data analytics so you can create what is in demand. Unfortunately this is impossible to do in a world where pushing a political message takes precedence over doing the job properly, ie making good entertainment

[@mjkrbjcw]

Your spot on , I’ve never thought about it like but your 100% correct, I won’t watch a show until I know there’s going to be a 2nd series

[@spencertherren6806]

@@NM-ex4jk Why?

[@kennynoel2863]

Your Killing it Patrick. You hit it right on the head. People will gladly pay for value but when you start giving them things they dont want, the bounce. ✌🏾

[@cacornhusker2940]

Blockbuster was great because you picked your movies with NO Commercials and NO Brainwashing crap you don't want.

[@aliqureshi9966]

He’s not fully right about the price rise. This guy is a multi millionaire, ofc price rice is a non factor for him. But for the average Joe, it can definitely be a deal breaker. It’s not the only factor affecting their decline, but certainly one of them.

[@kennynoel2863]

@@aliqureshi9966 In comparison to Cable prices, for the average joe the sub $20 cost is well worth it. Internet alone runs people $40 ~$120 a month depending on their location and speeds. The problem exist when you start making too much content that dont appeal to the general audience or pander to a small niche of your audience. But on another note, I sorta agree with you but not in the way you think. If you can't afford $20 for entertainment, you shouldnt be watching tv, period. You should be focusing on getting your stuff together so you can afford to "splurge" $20 on entertainment.

[@cacornhusker2940]

@@kennynoel2863 we pay almost $100/mo for Dish and watch maybe 5 out of the >200 channels. tried to talk the wife into dumping it, but it's a "perk" she wants and i don't push it.

[@anujnarang2768]

I agree with everything Pat said EXCEPT the pricing argument. In the 90’s, cable was a monopoly. If you could afford it, you’d pay $100/month. Else, you wouldn’t. Today, people have a choice. Hulu / Disney / HBO / Hotstar / Amazon Prime / The Giant - KZbin ! 90% of the subscribers dropping off aren’t the ones who can’t afford Netflix - they’re those who “don’t want to” afford Netflix.

[@nathanhill8448]

He is really a well read guy. He knows about so much. And he doesn’t lie and misrepresent truths. He gives everything a fair shake.

[@summaryjudgment]

From Victoria's Secret to Netflix, these companies legitimately forget how they got to the top. I keep thinking everyone will get bored with the "woke" thing, but it surely hasn't happened yet.

[@BillyBob-oi9kl]

And it isn't going to happen, because this talk is nonsense. It's a pathetic cope that is being tossed out for quick political views.

[@tonyng9]

Victoria's Secret "forgetting" how they got to the top had more to do with their CEO's dealings with Epstein. So it was more an attempt to "go woke, stay out of jail".

[@ancientartrevived]

I am sat here being a hermit reading classic literature whilst waiting for the whole "woke" bs to disappear... then I might return to society

[@ll4680]

Make every show about being gay, Trans and non-white!

[@bhfashionclothingco.4847]

It’s not that they forgot how they got to the top, it’s that when you become a public company, you instantly go from being “customer centric”, to “investors-centric”. That’s why sometimes the best move by companies, is to remain private in order to maintain control and your “culture” that helped you get to the top in the first place. If you don’t believe me, look at all the companies that went public over the last 20 years. The case study is crazy. JetBlue is one that comes to mind. The shift in thinking goes from the customer, to appeasing your investors on a quarterly basis.

[@anderspekkarinen7244]

The final point about paying for cable really brings home that Netflix is getting its ass kicked because of content not price.

[@thermionic1234567]

I cancelled Netflix when they served as a bagman to the Obamas’ paymasters.

[@rigorbayagbag6682]

The analogy of a comedian telling a joke to that 1 person out of a hundred is on point!

[@markmedley6849]

Netflix used to encourage people to share passwords. They saw it as a sign people liked the network. People are quitting Netflix because of the content. Netflix could double the fee and people would pay if the content was good.

[@BillyBob-oi9kl]

But they aren't lol The fact that they're sharing passwords proves that this isn't the case. What drove Netflix to the top is impossible to replicate. They're never going to have The Office back, they're never going to have Friends back. This is out of their control. These legacy shows, and Netflix original content like House of Cards and Narcos are what made the platform. But people forget that their OG content strategy is basically funding a ton of shows and hoping that one of them becomes the next Squid Game.

[@ebogar42]

I'm not paying what they want when there isn't new shit daily on there that I like. I go two months sometimes before I see something new I like and then when that's over I'm screwed for a little while longer until I see something new. All those old ass movies and tv shows they have on there doesn't impress me. I've seen most of them and don't like to watch things I've seen and still remember. I like to let years go by until it's almost like the first time seeing it again.

[@sharinglungs3226]

@@ebogar42 problem is you not Netflix.

[@lthughes]

I promise you if they and doubled their fees people would cancel in droves even if content was good. There's simply no reason to do so when there are other options.

[@cleong5585]

If the fee increased and the contents are balanced and good. Probably it would be good. But the problem is that, the price increases and content is too biased and also lowering the number of people to do password sharing- it is turned off in many ways.

[@Lizardo451]

Market value, means very little. The loss of customers though, that is going to kill the company.

[@ponypower8]

This what happens when you undervalue customer care and customer relationship. Tangible or quantifiable post-sales actions related to customer care and customer relationship is very important in maintaining success and growing your business even further.

[@jgghnmm]

Tony hit the nail on the head. One awesome show away from winning or losing a audience.

[@Annoyedtaurus]

Sadly, I trust my son with youtube more than my Netflix account. At least in youtube the inappropriate things are labeled.

[@Lucromick13]

Facts

[@amygresl3691]

You Tube has some good movies.

[@Annoyedtaurus]

@@amygresl3691 my husband has quite a collection in his youtube movies.... we rent (or buy) them just like we use to when I was a kid....and that's not even counting the "free" ones. I only renew Netflix for cobra Kai now.😂

[@dsstroyer]

Agreed

[@MrUltraworld]

I have been a Netflix subscriber since 2011. At the time, this concept was brand new, they had little to no competition. But now there are choices galore. I canceled my subscription that was in place for 11yrs without interruption. Now I will choose one streaming service and use it for 3 months, then I will switch providers for another 3 months. I got hooked on all these providers and I had a $150 bill for several services that I was not watching. No more.

[@janblackman6204]

So what do you watch now? Nothing on cable worth watching

[@BillyBob-oi9kl]

@@janblackman6204 He means HBO plus this month, Hulu next month, Disney plus the month after that, followed by Paramount, and then Netflix again. This is what alot of people are doing. You only really miss out on movies, but those movies are likely also on another streaming service too. However, this way you get to enjoy every streaming service for only 20 or so a month, instead of paying 150 a month. Because no one can really go through the exclusive content from 8 streaming services in a month.

[@MrUltraworld]

@@BillyBob-oi9kl Exactly. It's just too much for 2 people to watch. We rotate them just as you pointed out.

[@ebogar42]

I jumped on hulu and AMC plus for cheap and always had amazon video with my prime so don't really use many other apps much. Any new movie or show if I really want to watch it I go to a bootleg site. HBO and Netflix got to expensive for me. If they had new content every day that would be different.

[@janblackman6204]

@@ebogar42 I’m not much of a tv watcher but my husband is. Our youngest son subscribed to Netflix so we have that here but I haven’t seen anything I wanted to watch

[@miket2916]

LMAO these guys were not on the same page AT ALL. Such yes men, immediately agreeing with you after every time they were 'wrong'

[@T_bone]

Redbox just repeated the Blockbuster model with Kiosks. But I see how as a rental service you have to incentivize on time returns. How else can you control inventory. Give customers a credit to rent other titles if they choose to rent other movies at the time of return for the overdue titles.

[@QIrons]

I think the problem is also inflation. People see prices rising and have to cut back on unnecessary bills. The little things add up and Netflix just isn’t making the cut for a lot of people.

[@mcfrisko834]

Exactly.

[@markmiller6111]

Na. It’s like $9 per month? For 1000s of movies? Imagine u could go to blockbuster and hire all their movies anytime for as long as you want for $9 per month, lol. HBO and Sky costs way more with less programmes. If it’s not worth $9, inflation or not, it means it’s NOT WORTH $9. The problem is that it’s not worth it so why not? Woke chit. All their last few shows have been woke chit that made me a little more disgusted with Netflix each time.

[@jonz8482]

and cutting out 100million Russians :D

[@xzonia1]

@@jonz8482 Here's the real reason for their sudden drop, not all the dumb woke talk on this video. Thank you! At least someone gets it.

[@BD-ze3ys]

@@jonz8482 Netflix lost 700k subscribers when they cut Russia off. Try again.

[@lucjanwilczewski824]

No, Netflix is not worth 30bucks it's not even worth 12, it has a lot of content but it's 99% crap especially their own productions.

[@Jetsetfastfood]

Pregnant men.. no thank you.

[@mattfarr137]

I agree with almost everything. Netflix does not have nearly enough content to charge more than $30 a month. They could eventually get there if they made enough good shows but right now there is not enough good shows to pay that much

[@electricsheeeep]

You could see this coming a mile away. Since 2015 they’ve been losing huge chunks of libraries back to studios like warners, universal, HBO and Disney who’ve seen the value to monetising their own content. Hence the push in Netflix productions. I’ve been out of the game a while but remember film distribution colleagues telling me about it. Netflix cancelling another 700,000 memberships in Russia probably didn’t help either

[@drumtravelfun]

Somewhere, right now, there's former Blockbuster execs laughing their asses off.

[@victoriousgavi7736]

When gas, housing, transportation, and food costs rise so much…people cut entertainment-Any truth in that? I am not interested in political entertainment and I’m sure I’m not alone so I’m not doubting that argument; however wages are not keeping up with the cost of goods. I hear from so many people that they are stretched too thin financially.

[@mr.Ragers]

Wouldnt you argue that netflix is one of the cheapest form of entertainment during difficult Times

[@victoriousgavi7736]

@@mr.Ragers no. KZbin is far cheaper.

[@funkspinna]

@@mr.Ragers Definitely, especially compared to cable TV, movie theaters, live shows, etc.

[@georgeforall]

You are absolutely correct. People are tightening their belts. Cut everything to have more money for insane gas and food costs.

[@adamhorn8414]

@@mr.Ragers not for long haha and sticking to his original argument entertainment still gets cut no matter how "cheap" it is when cost of living goes up

[@MrMerajjio]

Yo where do I get that freewill t shirt???

[@Jaybird662]

Also, there’s no mention here about how Netflix lost some of their most popular shows, like The Office and Friends which have over 200 episodes each. Gilmore girls was another with 153. Those were staples that kept people coming back. They were the reason many being signed on to Netflix. The loss of these licenses was a huge blow to Netflix. There isn’t much understanding of how the streaming industry works in this conversation. ‘Woke and go broke’ is probably an appealing reason because of your social/ political preferences, but it doesn’t begin to cover the number of factors that could have caused Netflix to lose subscribers.

[@KikiNation1]

Great point and they also lost all that Disney content as well

[@PieterKirsten]

I ain't giving Netflix crazies one more cent. They can go pound sand!

[@gloominousdoom11]

I would imagine the problem is they have increased the price to $20 and inflation has increased and not as many people can afford it anymore. More companies are going to feel the burn in the short future.

[@truthaboveall7988]

100% - its y they needed 2 raise a dollar a year or more before the end of the boom cycle

[@gergc4871]

Plus, with the "end" of the pandemic, people have options again.

[@Paul-gf9fc]

Anything that is on Netflix I can download the shows, movies, etc for free on a torrent site. So why pay for that or any woke garbage.

[@rezsurfer2808]

@@Noname-fl3bg AND YOU ARE WATCHING IT TO BE MAD??? LOL You do not have to watch it.. their are hundred of shows on Netflix and I could car less what's on something go don't like. I don't cry about it like a Bit**

[@gloominousdoom11]

@@Noname-fl3bg No one even knew about that dumb show until last week. So that isn't why people left over the course of a business quarter.

[@OInvestidorViking]

The second podcast is out, 2 immigrants talking about their life abroad. How they got there and so on ... This one came out with the best view of my city, an Great tasty of 🇳🇴 , the fjord and ice mountains for everyone. Hope you all enjoy as we did.

[@hdw1502]

If i was Netflix owner i would never allow people to share passwords and on top of that you have millions of people illegally downloading everything anyway...thats a deadly combination for your business.

[@franciscosandiego3026]

All of this woke crap these days is the one world religion in revelation.

[@SalvusGratiumFidem]

I think Islam but it's definitely a religion. You should read voddie bauchums book fault lines it's amazing how wokeness lines up perfectly with a religion

[@umadjelly1]

@@SalvusGratiumFidem all religions trick the gullible into worshipping Babylonian deities

[@user-vm8ul3oh2l]

It will fall

[@gedwardnelson]

@@SalvusGratiumFidem thank you for suggesting this. I looked it up and the book will be here Monday.

[@Isabella66Gracen]

Prices going up do affect some people. We stopped subscribing to Netflix before all the woke trash, simply because we could not afford it anymore. A lot of the working class live paycheck to paycheck, and their food budget is literally 'whatever is left when the bills are paid' . It's a hard way to live, but a lot of families are doing it.

[@markmedley6849]

That’s very true because I did that. I would wait until something good was on and subscribe for a month and cancel. I still do that with other networks like HBO.

[@lthughes]

@@markmedley6849 Exactly, many in his position have forgotten how the working class handle things and sometimes his takes feel out of touch. Aint nobody paying 99$ for netflix a month lol

[@lthughes]

Think people like him lose perspective when they get big because aint no way in hell anyone would consider paying $99 a month for Netflix lol. I know people with money that wouldn't, that was very ignorant statement and very out of touch.

[@Isabella66Gracen]

@@lthughes Amen.

[@pantethine66]

inflation a killer

[@sincerelyrob4240]

That's what happens when you release movies that exploit children. I will go out of my way to NOT support companies like that

[@asojourner3534]

Netflix keeps taking away good shows and showing them in other countries when it's their content. We should always be able to see Netflix shows and movies as subscribers. Period.

[@DAV3RAG3]

Netflix is weird and agenda driven. I remember turning it on trying to find a action movie and they had like 20 female lead movies that were the same thing.

[@lthughes]

yea its annoying

[@mr.patriotjol]

Heres why I unsubscribed, three reasons. 1) they increased the monthly pricing. 2) they have become more woke and kept cuties and have a movie about a “man” being pregnant. 3) they got rid of The Godfather.

[@eltocayo87]

Agree with everything except for The Godfather; I am huge Godfather fanatic, but they do not own the rights to the Godfather. I believe Paramount owns the rights.

[@mr.patriotjol]

@@eltocayo87 son of a gone lmao. I knew i was gonna see this. I don’t know i still think the god father should’ve been on Netflix. If they can get every other Movie, The Godfather should be in there too. :(

[@dertythegrower]

Cuties lawsuit alone was enough for millions of others, and you paid for that lawsuit, why?

[@tuchus8781]

Netflix is like my refrigerator at midnight. A lot of stuff, just nothing I want

[@joshuaerickson4447]

I love that you guys have solutions and offer something other than constant complaining. I’m so tired of hearing everyone talk about how it’s all over. Let’s get EXCITED about the options for our FUTURE.

[@roccoz2231]

"House of Cards", "BoJack Horseman", "Stranger Things" and "The Office" re-runs all made me a loyal Netflix subscriber. But over the past few years, the creative and technical quality of their programming has gone down considerably. "Inventing Anna" seems to be one of their hot "trending" shows right now. I watched half of one episode and was appalled by the cheap quality of the filmmaking. Bad acting, atrocious dialogue, poor production values, and the lead actress was Anna Chlumsky, who's sub-D-List. But that's the problem, isn't it? They've got too much programming and not enough talented filmmakers/actors to actually stage competent productions.

[@WillAmbiance]

Yeah I barely made it through Inventing Anna, had potential but damn it was a CRINGE fest and when I noticed the woke stuff seeping in heavy to everything, looking so forced and unnatural. It’s potential and few highlights got me through and since it was about a real case, but I almost shut it off multiple times… & that’s what they consider as their leading content now, which is concerning. If they continue down that path then I’ll be rolling after 6yrs subscribed.

[@same.7939]

@@WillAmbiance I think I watched the first 20 mins of Inventing Anna episode 1, then I couldn't take it anymore and quit.

[@fancyIOP]

Their adult Cartoons are amazing, F is For Family, Big Mouth, Paradise PD, etc those are the type of shows I get glued on. And I love their documentaries, not so much their films but doccies they nail them for me.

[@PK-vw3gd]

I gotta be honest, the price hikes are definitely a factor.

[@NickC9545]

The quality of your mic is astounding.

[@jamespuso1627]

A big part of it I think is they got as big as they are because they have a hedge fund and those are basically designed to create monopolies. Obviously there are more streaming services than ever so they weren't able to compete many streaming services out of business and in the hedge fund model you lose large amounts of money until you do that.

[@montyrayza7220]

Glad to hear that I wasn't the only one disgusted by the quality of their programming and the woke factor climbing to new heights, not to mention the fee continuously increasing!!

[@luyandagobo4245]

Why are you afraid of awakening??

[@montyrayza7220]

@@luyandagobo4245 because I'm not the one in need of awakening it is the so called "woke" that are in fact asleep and lost in the land of fellow ideologues.

[@luyandagobo4245]

@@montyrayza7220 This is pure nonsense😂😂😂

[@montyrayza7220]

@@luyandagobo4245 Does that mean you were joking if not please elaborate!!

[@luyandagobo4245]

@@montyrayza7220 No it means your take is nonsensical...

[@jaunafultz6050]

I absolutely love your show and I thank you for bringing such enlightening content to your listeners... Would you consider doing a show on the SEC versus ripple lawsuit and how the SEC is dragging it out to protect the wealth of old money by hurting the very people they are sworn to protect.

[@richardmaya]

They did an interview already with a lawyer!

[@jaunafultz6050]

Yes but we need to talk about it again now the SEC has dragged it out once again delaying And using unfair practices... I just think it's time that we do something as a people Rather than just talk about it.... Thank you for your reply... :)

[@s4-mtb678]

Early adopter of Netflix when they used to mail DVDs. They lost me when the launched Cuties. I don't miss their service.

[@vitalis]

It's a strategy problem and of course content. Strategy-wise you can't now take away the password sharing which was a conscious choice to acquire market share aggressively, especially with all the new platforms who are producing great content. Netflix should have thought of adding premium services for more expensive plans.

[@88jameson88]

The stock market is looking for any reason to correct almost all companies. Any company with bad news will get crushed.

[@KSRobinette]

Thanks. I haven't found anything on Netflix that I wanted to watch in the last 6 months and only about one thing in the last year. Recently, I forgot I was even subscribed. You just reminded me and I just cancelled it, which will save me whatever it was costing ever month. Thanks for saving me that monthly bill.

[@joemachine4714]

a few months ago i spent an hour scrolling and couldn't find anything i wanted to watch. i havent watched in forever

[@blankomog]

Man, I have been heavily considering an HBOMAX sub. Been seeing so much dope movies there

[@Akkarsollum]

Netflix main problem is the binge watching of their new shows. It is awesome but it is not sustainable. If they would’ve prolong it with three part releases of a season. They wouldn’t have to release a show every week that would only last less then a day to watch.

[@cainabel2009]

I live in the UK so I am not sure how Netflix accounts work in the US, but in the UK version, the person who owns the Netflix account can add five additional users to their account; this simply means the users who have an account can log in using OP password but have their own separate account. You can still view the other accounts though and see what they are watching.

[@tetuanamirhamzah]

Same in malaysia. I think mybe netflix US caught that most of their users there blatantly sharing acc. to people they want and really hurt them in process.

[@psychjay]

Works the same in the U.S. This is what they are going to crack down on. If the other people on your account don’t live with you (i.e. they access it out side the account holders home network) then they want you to pay $3 per additional household. This is regardless of how many additional profiles you have on the account; it’s based where it’s being accessed from. They have not rolled it out yet but that what they are going to eventually do. What they don’t know yet is how are they going to handle mobile devices using cellular; will these be exempt from that rule. It will be easier to enforce on streaming TVs and boxes.

[@cainabel2009]

@@psychjay @amir hamzah I see, thanks for clarifying and sharing.

[@xLordOfNothingx]

In my market they already implementing charging for every single IP adress that uses the account, a week or so ago. Amazon doesnt even have a limit for how many devices you can use at the same time.

[@gedwardnelson]

That’s a stupid move. The same user could have several ip addresses.

[@xLordOfNothingx]

@@gedwardnelson well in this country now you're paying for each extra regardless, they tendo to try things like these on international markets firsts so it will propbably come to US sonner rather than later

[@apogena]

*The main reason for Netflix's decline is none of the stuff your mentioned. The main reason is that some of the major third-party content providers of Netflix pulled their content from Netflix to start their own subscription video streaming service. Plus, they themselves are production companies as well. Paramount, Disney, CBS, Amazon (the biggest rival), etc. are now the fiercest rivals of Netflix, some with content they had on Netflix and some who never had any. I think Netflix is going the way of Yahoo.*

[@RicherThanIeverbeen]

I need one of those t shirts lmfaoo. Great convo, fellas!

[@devanman7920]

Prices going up, more competition, woke nonsense all of this adds up. For me it's the fact they cancel everything after 2 seasons. There's no point getting into shows on Netflix because they'll just cancel it

[@mikemontgomery2654]

Pat, you can’t compare cable to Netflix. One of the biggest reasons people went to Netflix over cable was cost. Netflix was able to eat the lunch of the cable companies because of their hubris. Netflix fell into that same hubris trap. Nobody is gonna pay $90 a month for that.

[@sharinglungs3226]

Also no ads and you can binge watch whole season of a show instead of waiting a whole week for new episodes. Netflix it sounds want to introduce ads. That’ll be brutal. I tolerate it on KZbin because it’s free. Hard to pay for a service and then wait on an ad before watching content.

[@rebekahmontesdeoca565]

Yeah, cable was so expensive it was better to watch nothing than pay for it. Netflix was reasonable enough to make it worthwhile but if the price just keeps rising then it isn't.

[@marcodraven9778]

But cable increases their prices every year, not the streaming services .

[@itsJade360]

04:15 painful miscalculation isn’t it 🤦🏽‍♀️ 😂😂😂

[@Bitachon]

*PBD Podcast will be HUGE soon!*

[@psychjay]

I questioned if I should cancel it when it went up to $20. I’ve been subscribed since it was $7.99 back in the day when they also had the mailing DVD service. I kept it, but one more increase and I’m out. I do share my password with 2 other households and that’s the primary reason I kept it at $20 with 4K. They both watch it more than I did even before I had an Apple TV. Now that I have Apple TV, I watch it even less as Netflix doesn’t integrate with the TVos dashboard listings like all my other services do. For movies Apple TV tells me where I can watch them elsewhere. I only watch Netflix originals on Netflix these days.

[@kaizen5415]

I totally remember the excitment of walking into Blockbuster Video when a wall of new movies arrived & video games & it still smelled like popcorn from all the microwave pop they sold at the front counter but yea people get busy & forget to return shii on-time & blockbuster took advantage of that so

[@NTGNatural]

LOVE THE SHIRT PAT! 😁😁😁 P.S Loved your book too!

[@russchamberlain536]

Doesn’t surprise me Netflix is dead and over priced a couple years ago it was £5.99 I cancelled my subscription as soon as it went to £11 a month there’s a handful of good programs on there

[@samfisher2306]

I think a lot of folks are getting fed up. Why? They probably dropped cable and just kept the internet. They subscribed to the likes of Netflix, Amazon, Hulu, etc to save costs, only to be surprised by increase in cost of the subscriptions lol. I think I started with $6.99 a few years ago but I'm now paying $20.

[@mattb6646]

Just canceled my membership last week when I got an email that they were raising prices to $20/month in May. I'm good actually netflix, get fucked

[@russchamberlain536]

@@samfisher2306 I’m from England so I’m guessing that 20$ is around the £11 mark then. You get more programs than what we get aswel. My dad works all over the world he has just come back from 8 weeks in the states said there is shows we can get

[@mattb6646]

@@samfisher2306 I only subscribed to Netflix and Disney, which I'll probably drop Disney after I watch the mandalorian season two, but this pretty much describes my situation. Dropped cable because internet TV was alot cheaper, but now it's to the point of the same as a cable bill and I'd rather keep the money than pay for something I barely use

[@JaredReall]

@@mattb6646 same.

[@giantrob5390]

“You will observe with concern how long a useful truth may be known, and exist, before it is generally received and practiced on.” - Benjamin Franklin

[@TracyAllenVideos]

There’s just so much competition and we don’t want to pay for every single app that’s out there. I pay for Hulu, Amazon prime, KZbin music… I’m on my son’s Netflix account. But when Netflix announced that they were going to take away the ability to share passwords… I saw a whole lot of people on Twitter saying that they were going to leave. I hope that they can get it together. I don’t believe the few shows truly (suck to me) is what’s bringing them down. You will never make 100% of people happy. So if there is a 1% audience that demands certain shows… Give them what they want🤷🏽‍♀️ I’m not gonna watch it just because it’s there. I’ll continue watching the things that I do like.

[@kurt8263]

Peacock comin in hot! Because they do 120-60 second commercials for $5 flat rate - most people can put up with one or two ads through a whole program.

[@Flawda986]

Overpriced pollution for mine & my kid’s minds.

[@Hackbridge1963]

"The customer is ALWAYS right!"

[@figward]

Thanks for sharing your thoughts.

[@mariomejia8109]

JUST PURELY DIVINE JUSTICE

[@Meowmeow.age.6]

Still short NFLX since 600. I love it. I am riding the wave. I knew the competition from HBOMax and Paramount+ would put a dent into that growth in Netflix. Netflix can make content like He's Expecting one a low budget without promotion.