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August 07, 2019

Forbes: The Beginning of the End for Netflix?

No one wants to pay for Obama TV anymore?

It's official... it's the beginning of the end for Netflix (NFLX).

As you may have heard, the online video company made a troubling announcement...

This quarter, for the first time ever, it lost American subscribers. Hundreds of thousands of them.

The stock plunged more than 11% on the news.

This guy speculates that Netflix could lose as much as 70% of its stock valuation.

For years, Netflix had no real competitors. This allowed it to practically monopolize all the best shows and movies....

So, there was no downside to licensing their content out to Netflix to make a little extra money. That's exactly what they did.

That world is gone forever. You see, Netflix's most popular shows aren't "homemade." According to The Wall Street Journal, the most watched show on Netflix is The Office.

Netflix does not own The Office. NBC Universal owns The Office.

NBC Universal is launching its own streaming service and pulling The Office off Netflix for good by the end of next year.

Another wildly popular show on Netflix is Friends. Friends is owned by Warner Media, which is now owned by AT&T.

Friends will be pulled off Netflix for good in 2020.

Obviously, Disney will be pulling all of the Marvel movies.

So, Netflix subscribers, enjoy watching second-tier Korean gangster movies and the fourth season of The Unbreakable Kimmy Schmidt!

Meanwhile, Thor Ragnarok soyboy Taika Waititi decides to emulate Marvel Comics creators by attacking and trolling the customers.

One fan criticized Jason Aaron, who gave us the Lady Thor (don't call her Lady Thor, just call her Thor!) abortion.

For some reason, Taika Waititi decided he needed to jump into the discussion to virtue signal and promise further ruination of the Thor character.



Xhe does take criticism like a champ:



Well, trolling and attacking the customer base worked like gangbusters for Rian Round-head Johnson and Kathleen Kennedy, so I'm sure this will all work out great for another Disney property.

BTW: You guys know that with almost every popular Marvel character now retired, or dead, or in the reboot refractory period, you're going to have to try to make a lot of money with characters like Quasar, Nova, Captain Marvel, etc.?

For everyone out there saying, "Literally who?," yes, my point exactly.

You're strutting around with Tony Stark level swagger when you've got Ms. Marvel sized muscles.

You're not untouchable any longer, geniuses. You might want to try sucking up your customers -- who will have to indulge you through the next few Bad Years -- instead of attacking them.



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posted by Ace of Spades at 05:32 PM

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