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The real reasons are almost certainly economic and structural, and not a result of silly culture war wedge issues. 1) Netflix has much more streaming competiti
by panarky 5y ago
The real reasons are almost certainly economic and structural, and not a result of silly culture war wedge issues.
1) Netflix has much more streaming competition now.
2) Availability of good content has gone down as networks reserve it for their own new platforms, and as production was halted by covid.
3) Greater scarcity gives studios pricing power to increase Netflix's cost to acquire the few good shows available.
4) Netflix tried to counter (2) and (3) by making their own shows, but a lot of it is trash.
5) Netflix raised customer prices aggressively, while there's not much on their platform to justify the higher prices.
6) Customers are increasingly savvy about binge-watching what good shows there are on one platform, then cancelling it and rotating through other platforms.
7) Loyalty is for suckers. Churn, baby, churn.