this post was submitted on 19 Jul 2023
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Netflix added nearly 6 million new subscribers amid password sharing crackdown. (www.engadget.com)
submitted 1 year ago by [email protected] to c/[email protected]
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Netflix reported substantial growth in subscribers in the months following its push to stop users from sharing accounts with people outside of their household.

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[–] [email protected] 38 points 1 year ago (2 children)

---Obligatory fuck Netflix post---

Watch anything you want super simple: https://movie-web.app/search/movie

Look for something to watch, less simple: https://goku.sx/home

Stream or torrent, use with a VPN if you download: https://github.com/popcorn-official/popcorn-desktop (scroll down for install files)

Canceled my sub a year ago (which had lasted since the Blockbuster days) when I heard about the changes and never looked back. Their horrible treatment of talent and their refusal to provide proper residuals is one of the main dynamics driving the SAG AFTRA strike. Imagine being a major actor in a show millions are actively watching, and your monthly check from it is $27.

Side note, Netflix has 3.5 billion in free cash on hand. Once the strike was announced, they scaled back their content investment and are now claiming 5 billion in cash reserves.

These fuckers can absolutely afford to pay their talent a living wage. Until they do, they aren't getting a dime from me.

[–] [email protected] 6 points 1 year ago (1 children)

Wow that first one is crazy easy

[–] [email protected] 3 points 1 year ago (1 children)

Yep, and pretty powerful for sharing too, as you can simply link an entire movie or series episode via hyperlink.

[–] [email protected] 3 points 1 year ago (1 children)

I take it access through a VPN is advised?

[–] [email protected] 5 points 1 year ago

Generally, but the way movie-web and goku.sx work is that they're linking you to cached streams pulled from torrents and hosted on separate servers like Upcloud - you're only viewing the content, not hosting it. As such your risk of being prosecuted is considerably less than directly torrenting, especially if you've got decent privacy protections on your browser.

That being said, safety first unless you trust your ISP.

[–] [email protected] 1 points 1 year ago

How have I never heard of these?

[–] [email protected] 12 points 1 year ago (2 children)

That's unfortunate. I hate seeing this news because it means that all the other streaming platforms are going to follow suit soon, which brings us right back to cable, essentially. Must subscribe to 5 different streaming services each in order to have access to all the programming you want, no more splitting up accounts with friends.

Glad that I just setup a Plex server, looks like I'm gonna need it.

[–] [email protected] 2 points 1 year ago

I am kinda hoping that with increased revenue, they can afford to get more licences for other content. But I think the video streaming services is too fragmented now for that to be a reality. Unlike audio streaming where it’s a lot more sensible.

[–] [email protected] 1 points 1 year ago

Really, the only way to get the streaming in order is a law where a company that makes films and TV cannot distribute it. That'd get rid of the company-only model and get us to a decent concentration.

[–] [email protected] 11 points 1 year ago

Which was expected and a reason their stock bounced back despite what the geniuses on Reddit would have you believe. People legitimately boycotting a service because the provider told them they had to pay for it. The logic of some people is absolutely baffling.

[–] [email protected] 9 points 1 year ago (1 children)

Short-term gains at the expense of long-term retention. Sounds like they're looking to sell.

[–] [email protected] 7 points 1 year ago (1 children)

Why do you think it won't translate into longer lasting subscriptions? People subscribing for a specific thing rather than using a friend's Netflix?

[–] [email protected] 4 points 1 year ago (1 children)

Because yar.

[–] [email protected] 8 points 1 year ago (1 children)

Your average person doesn't care enough to deal with piracy when they can throw some money at Netflix and use their TV or console's built-in applications.

Hell, when I myself want to watch a random movie, sure, I could grab an HDMI cable, plug in my computer to my TV, find a pirated file, and watch it, but I could also spend $5 or whatever and just cast it from the Google TV app on my phone without getting off the couch. At the end of the day, there's a level of convenience that I, and I'd suspect most people, really don't mind paying for at the end of the day.

[–] [email protected] 5 points 1 year ago (1 children)

I would argue that your average person was probably already paying for Netflix if there was something there they wanted. The password sharing clique is a specific breed of leecher that is 100% at home with using a VPN and a torrent server.

I could always be wrong, but that's my suspicion. It will be fun to watch, either way.

[–] [email protected] 4 points 1 year ago

I don’t know, a lot of people I know (mid 20s) had been using their family’s shared Netflix which are now getting their own accounts each due to this new rule. Could be anecdotal.

[–] [email protected] 2 points 1 year ago

"if you block them, they will come" netflix execs

[–] [email protected] 2 points 1 year ago (1 children)

After all the self righteous whingeing when they did this, and talk of "sailing the high seas", it's refreshing to know it actually did work out for Netflix.

[–] [email protected] 11 points 1 year ago (1 children)

It's a nice headline, but the full results for Netflix did not meet expectations, so the share price fell about 9% overnight.
Compared to the same period last year (Q2 2022), revenue has only grown 3.2% and profit margins are up by only 0.5%. From revenues of $8.2B for the quarter, Netflix made $1.5B in net income (18% profit margins).

[–] [email protected] 0 points 1 year ago (1 children)

So, they're making a shitload of money, but not as much money as they hoped?

[–] [email protected] 7 points 1 year ago

If you don't make ALL THE MONEY investors don't like it and your company loses value. These days it doesn't matter if you make a profit if it doesn't meet projections. It's all fucking voodoo economics...the only thing that makes a company worth anything is the confidence of the invetors behind it.

[–] [email protected] 2 points 1 year ago (1 children)

This is funny, because there's another post saying "Netflix earnings down"

https://lemmy.world/post/1818862

[–] [email protected] 2 points 1 year ago

Unfortunately that post title is wrong.
Netflix earnings are only lower than forecasted, but still growing.

[–] [email protected] 1 points 1 year ago

So what would be the best Kodi addon, because I haven't used it in years and not up to date? When I try to look it up it is just vpn resellers.