Netflix says people just kind of rolled over and accepted the password sharing crackdown::Netflix subscriptions are up almost 6 million this quarter, suggesting we’re all just too exhausted to fight this stuff

138 points

well done everyone

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61 points

I had a feeling they would but I did leave myself. Only problem is the person I was sharing with made an account so it was a net 0 impact.

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66 points

I get the feeling that the kind of person that is on Lemmy is the kind of person that ain’t gonna take no shit and drop it just to stick to the man. I myself dropped Netflix but seems to be a common theme here.

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23 points

The kind of person on lemmy is probably already self hosting a plex server that has all the content they care about and sharing it with their inner circle

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4 points

I live for pointless squabbles with the man

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2 points

I dropped them shortly after 4k hit $20 a month. They don’t have shit thats worth that.

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11 points

I know the feeling. I hate Netflix with a passion but my SO uses it. I have a Plex server full of stuff and constantly adding and showed her how. I cancel Netflix every month though 😂 can usually make it a day or 2 passed when it was supposed to renew before she uses it again and resubscribes.

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6 points
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Deleted by creator
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114 points

Not me. When me and hubby couldn’t watch different shows at the same time in the same house a room apart, I cancelled the account and never looked back. They’ll never get my money again.

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12 points

Same. Super annoying.

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10 points

Me either. I left when they rolled that rule out in South America last year to test it. Netflix forgot that we went to them because cable was extorting us. As long as the internet remains a thing, there will always be other options.

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7 points

Yep I cancelled mine. Not worth it. The shows they have been coming out with aren’t even very good and they lost a lot of old favorites

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3 points

I thought this was the exact reason why they bundle multiple streams with almost all subscriptions. To provide multiple people in a household the option to stream their own stuff. Did you have only one single stream?

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2 points

I replied earlier, but I guess it didn’t stick for some reason. Yes, we have only one single stream.

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1 point

Yes, only one single stream

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102 points

It’s spin. The additional subscriptions came from markets where Netflix is cheap. Not North America.

“While the company added subscribers, it said average revenue per member fell 3% from a year earlier. That was partly because many of the new sign-ups came in countries where Netflix charges lower prices.”

https://www.reuters.com/technology/netflix-tops-wall-street-forecasts-with-password-limits-ad-option-2023-07-19/

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25 points
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.

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12 points
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Netflix just dumped one of those lower tiers you mentioned (though existing subscribers at that tier are currently grandfathered in). The same article I linked to points out that they also aren’t seeing the uptake for their ad supported tier they’d hoped for. And they’re already coaching that next quarters guidance will be down further. I expect more churn as Netflix quality continues to decline and competition and prices continue to increase.

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2 points
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I’m curious to see how streaming services are going to be affected by the strikes. Theoretically down the road they’ll reach a point for a while where they have very little new content to release and will be fighting each other for the rights to existing content.

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1 point

Just curious, are we sure the numbers reported are “net gain” and not “number of new subscribers”? Distinction being “number of new subscribers” would be all the people that signed up, and “net gain” would be all the people that signed up & subtract those that canceled?

Earnings reports are always full of word tricks to paint the prettiest picture so I’m just curious if we know the net number?

For example, all those articles that came out a week after the change went into effect were bullshit bc they didn’t take into account people who canceled and still had days left til their end of month, instead they only captured the 3 days after the policy change and Netflix got all the media to report this awesome stat for them.

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51 points

Voting with your wallet doesn’t work when there are so many other wallets out there that don’t care.

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14 points

I mean that’s the point of voting. Sensibility got outvoted unfortunately

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2 points

Sure, and I didn’t care if they died I just wanted to save more money. Now I stream and torrent everything and the ones who choose to pay can do so if they please.

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10 points

Sure, but I’m saving $20 a month now so that’s nice.

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I closed my family shared account and started pirating Netflix shows/movies instead.

We paid for the convenience. I will happily just pirate if that’s what they want 🤷

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5 points

I started pirating again when they set a price for multiple screens a few years ago. Fuck these companies, don’t let them take an inch.

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0 points

Yep, I started to pirate everything again. I’ve never been happier with the quality and convenience. Not just limited to Netflix and watching movies of the highest quality from private trackers.

Funny when things come back full circle.

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