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Netflix Says It's More Scared of Fortnite and YouTube Than Disney and Amazon (cnbc.com)
An anonymous reader shares a report: It's not Disney's new streaming video service or HBO or Amazon that Netflix is worried about, the company said this week in its letter to shareholders. Netflix estimates it has already earned about 10 percent of all U.S. television screen time. The company also shared viewership statistics for some of its exclusives, boasting that "Bird Box" netted 80 million viewers in its first four weeks on Netflix, while "You" will get about 40 million over the same period.
Instead, it's newer forms of entertainment -- such as Fortnite and Google's YouTube -- that got shout-outs in the company's letter as stronger competitors. "Our focus is not on Disney+, Amazon or others, but on how we can improve our experience for others," Netflix said in its shareholder letter. "We compete with (and lose to) Fortnite more than HBO. When YouTube went down globally for a few minutes in October, our viewing and signups spiked for that time." Further reading: Netflix's Biggest Competition Isn't Sleep -- It's YouTube.
Instead, it's newer forms of entertainment -- such as Fortnite and Google's YouTube -- that got shout-outs in the company's letter as stronger competitors. "Our focus is not on Disney+, Amazon or others, but on how we can improve our experience for others," Netflix said in its shareholder letter. "We compete with (and lose to) Fortnite more than HBO. When YouTube went down globally for a few minutes in October, our viewing and signups spiked for that time." Further reading: Netflix's Biggest Competition Isn't Sleep -- It's YouTube.
Netflix per month is still cheaper than a single movie in most theaters.
"There is more worth loving than we have strength to love." - Brian Jay Stanley
Why does it have to break the bank for it to make sense? An extra $2 is past the threshold where it is worth it to this person.
Yes but on the face of it, that seems like a strange threshold - as I said you can get, if you will, one "unit" of entertainment from a theater for maybe $16-$20.
So for less than that you get as much video as you want to watch for a whole month from Netflix. The slight change in price seems meaningless compared to value, compared to almost any other form of entertainment. It's also way less than the internet bill alone would be for most people.
Thus to me, the line seems kind of strange, especially that small an increase. Doubling the price, there I could see per year maybe that starts to be too much, even though it's still providing a lot of value. But it's nothing like that.
"There is more worth loving than we have strength to love." - Brian Jay Stanley
I'm perpetually astounded by the number of TV shows, movies, series, games, etc. out there. I can't even keep up with what's out there, but I know that some people do. Entertainment used to be something people did when they had a few minutes between working and regular household activities. For many people, consuming entertainment seems to be their primary activity, and everything else they do, revolves around that. Holy shit, that's boring as fuck.
I don't respond to AC's.