TV News: Netflix Is Losing U.S. Subscribers for the First Time in 8 yrs UPDATE: new Profile Transfer option to kick off users on your account

It aint about how much you make it is how much you KEEP.

How much do you think it costs to : pay people, to produce shows and movies, to license shows and movies, to advertise?

They will run out of money that is why the investors are losing confidence.

They see the iceberg. We just dont know if they hit it or not yet.
Yo, wokeflix had 1.9 billion net profits in 2019. Future is the future, it's just that they got to chill with all the forcing lgbtqxyz shit. Rest of the world ain't on that bullshit.
 
They keep canceling good series the way they have been doing.

They gonna continue to lose more subscribers.

Also, they put big money into these big budget movies with big stars where the films have potential of being a franchise…..and they just say Fuck it, and make no effort to continue the films.
 
Netflix Launched a New Way to Kick Exes Off Your Account
By Savannah Salazar

51520ea55e1175fc9f4a0104a30e922811-netflix.rhorizontal.w700.gif


Netflix is letting you say “thank u next” to your exes. The streamer introduced a new feature today called Profile Transfer, letting subscribers proactively, and slightly passive-aggressively, set up a new (paid) membership for users you want off of your account. It doesn’t automatically charge them (the feature isn’t that coldhearted), but it does grant them a way to make their own account and then pay for their own subscription, while retaining all their former personalized recommendations, their queue on My List, and their profile name, image, settings, and viewing history. All you have to do is look for “Transfer Profile” (Hey, Netflix, why is the feature called Profile Transfer when the menu option is called “Transfer Profile”?) under the menu and follow the instructions for setting up your rogue profile user’s new account.
A handy GIF on how to use the new feature. Video: Netflix

Profile Transfer arrives a couple months after testing began in Chile, Costa Rica, and Peru, where Netflix had announced earlier in the year it was testing out anti-password-sharing features and tech. In July 2022, certain Latin American countries were introduced to a new in-app notification on the streamer asking them to pay extra for accounts being used outside the primary-subscriber household. So while Profile Transfer may be convenient for some, and even “much requested” by subscribers according to Netflix, it’s just the next step in making everyone pay for their own streaming account. But you know what, at least our exes can start paying their own way.
 
https://techcrunch.com/2022/10/18/n... company reported a spike,net adds in Q4 2022.


Netflix adds 2.41M subscribers, soaring past expectations

Things are looking up for Netflix this quarter. The streamer added 2.41 million subscribers, bringing the total to 223.09 million. Netflix expected a net gain of 1 million subs in the third quarter, so today’s results far exceed its own expectations and analysts’ expectations. The company reported earning $7.93 billion in revenue in Q3 2022, whereas analysts predicted $7.85 billion.

This will be Netflix’s first increase in a while, particularly in its U.S. and Canada subscriber base. The company reported a spike in 104,000 subscribers in the region, making the new total 73.4 million. The last time Netflix experienced subscriber growth in the U.S. and Canada was in Q4 2021.

The company expects 4.5 million paid net adds in Q4 2022.


Netflix experienced two very grim quarters in recent months, losing a total of 1.2 million global subscribers. A significant number of layoffs have also occurred, including the more recent downsizing of its animation department. However, with the addition of its new ad-supported tier coming to the platform in November, the company has potentially opened itself up to new customers looking for a cheaper way to stream.

“The reaction from advertisers so far has been extremely positive, and we believe that more choice, especially for more price-conscious consumers, will translate into meaningful incremental revenue and operating profit over time. That said, it’s still very early days, and since we’re keeping our existing plans ad-free, it will take us time to build up our membership base and the associated ad revenue,” Netflix added.

Netflix revealed last week that the Basic with Ads plan would cost $6.99 per month and include four to five minutes of advertisements an hour for TV shows and movies. The launch will occur one month before rival Disney+’s ad-supported tier, which will cost $7.99 per month.

Today, investors also learned how the company intends to monetize password sharing on the platform. Netflix said that, starting in early 2023, it will charge account members a fee who want to create subaccounts for account borrowers. This “extra members” feature was first tested in Chile, Costa Rica and Peru.

Netflix launched a profile transfer feature yesterday to help account members transition to their own separate accounts without losing personalized recommendations, viewing history and other custom settings.

Also, the company noted that the one-year anniversary of its gaming launch is approaching. Netflix continues to invest in mobile gaming, despite the recent report that less than 1% of its subscriber base plays its games. Last month, Netflix announced the addition of game handles for subscribers looking to play its exclusive games. Also, the streamer is establishing an internal games studio in Finland.

In breaking news, Netflix is also launching a new studio in California and expanding into cloud gaming.
 
Back
Top