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posted by
martyb
on Wednesday July 18 2018, @08:38AM
from the still-growing-but-not-[as]-fast-[enough] dept.
from the still-growing-but-not-[as]-fast-[enough] dept.
Netflix shares plunged by more than 14% in after-hours trade on Monday, after the firm reported disappointing subscriber growth.
Netflix said it added 5.2 million subscribers in the three months to the end of June, the same number it did during the period last year.
The streaming service had forecast growth of 6.2 million.
The decline in share price follows a successful run for the stock, which had roughly doubled so far this year.
Is the number of Netflix subscribers reaching a plateau based on its current library of titles, or are competitors eating into its growth?
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Netflix Shares Plunge as Subscriber Growth Rate Stalls
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* m2 stares at the monitor... it looks like a hamburger...
m2 - that's a bad sign
(Score: 2) by ledow on Wednesday July 18 2018, @12:06PM (5 children)
Meanwhile:
https://www.bbc.co.uk/news/entertainment-arts-44862598 [bbc.co.uk]
"Video streaming services such as Netflix and Amazon Prime now have more subscribers than traditional pay TV services in the UK, new data from Ofcom has revealed."
(Score: 2) by isostatic on Wednesday July 18 2018, @01:15PM (3 children)
Nearly 40% of UK households now subscribe to Netflix, Amazon Prime or Now TV. The 15.4 million subscriptions have now passed the 15.1 million who pay for Sky, BT, Virgin and other satellite/cable providers.
40% of households is 10.8 million houses. I supsect many households (like mike) subscribe to both Prime and Netflix. I doubt many subscribe to Sky *and* Virgin. What percentage of households have Sky, BT (tv) or Virgin?
(Score: 2) by ledow on Wednesday July 18 2018, @01:29PM
Dunno but I'm not any of the latter.
I get my broadband via 4G. I have iPlayer, Amazon Prime and Netflix. Also TVPlayer on a promotion (data on it doesn't count towards my usage), so I can watch "live TV".
Fact is that people are willing to pay JUST for video services that Sky, Virgin et al aren't fulfilling.
Project Kangaroo (the end result of which would have been "iPlayer" for all the terrestrial UK channels) was a great idea and would have owned the UK market, but never happened because of in-fighting, leaving the way for something completely foreign to walk in and steal all the viewers (where does Netflix profit end up in terms of UK tax?).
Well done BBC, Channel 4, and everyone else. Way to justify the licence fee.
(Score: 0) by Anonymous Coward on Wednesday July 18 2018, @02:18PM (1 child)
We have but I've not watched in years - the last time I was unfortunate enough to catch anything on TV was back in February while visiting friends. Seriously overpriced for awful, low quality programming only one person in the family even makes use of.
(Score: 2) by isostatic on Thursday July 19 2018, @08:03AM
So you pay for Sky, but don't watch it?
(Score: 2) by FatPhil on Wednesday July 18 2018, @03:00PM
Great minds discuss ideas; average minds discuss events; small minds discuss people; the smallest discuss themselves