Forum - View topicNEWS: Netflix Lays Off 300 More Employees
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Los Nido
Posts: 132 |
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The Netflix bubble has officially burst.
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louis6578
 Posts: 1861 |
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Press F to pay respects.
F |
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MFrontier
Posts: 11178 |
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I feel for the employees.
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Beatdigga
 Posts: 4371 Location: New York |
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The “Netflix you’re greenlit!” era is officially over.
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Chiibi
 Posts: 4829 |
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I'm still fuming at them for shutting down the animation department and RUINING Don Bluth's new movie....I don't think they can sink any lower....
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MarshalBanana
 Posts: 5316 |
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The Not so Chosen One
Posts: 433 |
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It's already evident at this point that Netflix is only gonna change their bussiness models to make the platform and programming worse,so I'm personally expecting and hoping they lose much more subscribers.
I mean, keep paying millions of dollars to transphobic, "comedic" has-beens, make up shitty tiers without lowering the prices of others, and make other stupid changes without the high-quality programming to back it up if you want, just don't bitch about your losses when the roosters come home to roost. |
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Guile
Posts: 595 |
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If you're referring to Dave Chappelle then Netflix has said multiple times that Chappelle's specials are the most watched comedy specials on the platform. People's personal feelings aside, that's not an actual financial problem for Netflix but is in fact good business decisions on their part to keep financing those comedians to make content. |
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The Not so Chosen One
Posts: 433 |
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So??? They're still losing subscribers, firing employees and still screwing over their users with dumb practices, so paying hacks like him is not a wise bussiness move at this time. You can't expect to cater to one type of audience in a way that will then alienate the other into unsubscription, and then bitch and moan about money problems and having to fire employees because in layman's terms wErE nOt mAkInG eNouGh mOnEy. |
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LightningCount
 Posts: 229 |
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Not good for the employees for sure.
In terms of Netflix in general...I am very glad they invested in Spriggan. It has needed a fuller anime adaptation for decades, and this adaptation was about as good as one could expect for a 30-year-old franchise with a niche following in this day and age. I hope it gets a Season 2. |
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MaritLage
 Posts: 140 |
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Yikes . That can·t be a good sign for the Investors of either the Magic: the Gathering CGI series or the Cyberpunk: Edgerunners anime .
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Wyvern
 Posts: 1555 |
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Netflix can say whatever it wants, but their leaked internal numbers show that Chapelle's most recent special never turned a profit because they paid him too much. The advantage of standup specials isn't viewership, it's that they usually cost almost nothing to make: it's just a person standing in front of a brick wall talking for an hour. Netflix somehow managed to screw that up by paying this washed-up hack about 50 times what he's worth. And that's before you get into how much it cost them in terms of PR. Netflix had managed to cultivate a pretty good LGBT following thanks to shows like Orange is the New Black and Sense8, then they threw all of them under the bus for the sake of one rich comedian's ego. Companies that rely on subscriber loyalty can't afford to insult their subscribers like that, especially not when they have more competitors than ever.
In April, Netflix lost $54 billion in a single day. That's one of the biggest drops any company has ever suffered, ever. I would not accuse the people responsible for that of "good business decisions." Especially not when their master plan to win back subscribers is "let's add commercials." |
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Vladimir Morales
Posts: 190 |
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Whoever said that streaming services are the futture of entertainment and that movie theaters and regular TV channels are relics of the past must be feeling very embarrassed right now.
That said, I feel bad for the former employees. An executive probably fucked something up and now employees will face the consequences. |
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Puniyo
 Posts: 271 |
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I mean, TV channels are still pretty much becoming a relic of the past. On-demand streaming of TV channels' content in my country eclipses live viewing figures. There are just simply too many streaming choices now for one to be able to hold the top spot anymore. That aside, only thing that kinda bums me out is that Netflix is the only streaming service that seems to care to translate obscure overseas TV shows, and I really don't see any other service bothering to pick that up if Netflix goes bust or whatever, they're probably not wildly profitable. |
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Vladimir Morales
Posts: 190 |
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Now that people have practically unlimited forms of entertainment at their disposal, it's next-to-impossible for the average person to keep up with all that entertainment, forcing people to be selective and content creators to make some... controversial decisions to hold their audiences' attentions for more than just a few microseconds. The biggest victim of this change in the landscape of TV might as well be The CW, which has never been profittable to Warner Bros. Discovery. |
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