[HN Gopher] Disney surpasses Netflix in global paid streaming su...
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Disney surpasses Netflix in global paid streaming subscribers
Author : thesecretceo
Score : 48 points
Date : 2022-08-10 22:19 UTC (41 minutes ago)
(HTM) web link (www.axios.com)
(TXT) w3m dump (www.axios.com)
| siod wrote:
| It honestly feels like the technology advantage Netflix enjoyed
| has all but disappeared.
|
| Content is now king and all of the other production companies
| have been making content for decades, Netflix is in serious
| trouble if it doesn't lift its game.
| xupybd wrote:
| I find that Disney doesn't have better content, but it has new
| content. I've had Netflix for years and watched most of the
| stuff I liked. I got Disney and they had Castle. That's kept me
| going for months and I've not used Netflix since.
| skinnymuch wrote:
| You're primarily watching one show? Realistically, any
| streaming service has a chance at providing that, no?
| arrosenberg wrote:
| To the extent they had or still have technology advantages,
| they are irrelevant. They do not own the majority of the best,
| most desirable content. Content producers have engaged in
| (anticompetitive) vertical integration wherein they also have
| become distributors. As happens in such situations, Netflix
| finds themselves squeezed out and taxed to death by monopolist
| studios like Disney, Paramount and Warner.
|
| Solution: Fair, Reasonable and Non-Discriminatory (FRAND)
| licensing. Disney must set a price for a piece of content and
| then allow any distributor to pay that price to carry it. They
| must not advantage their own distribution service in any way
| (which they shouldn't be allowed to have in any case).
|
| https://en.wikipedia.org/wiki/Reasonable_and_non-discriminat...
| mappu wrote:
| It's the modern-day version of _United States v. Paramount
| Pictures, Inc._ where movie studios were banned from
| vertically integrating with theatres.
|
| However I note on https://en.wikipedia.org/wiki/United_States
| _v._Paramount_Pic.... that the decree has just been sunset
| with the reasoning that ""the antitrust restriction was no
| longer necessary as the old model could never be recreated in
| contemporary settings"" - but it seems really like the exact
| same model,
| yazaddaruvala wrote:
| I'd love to one day read a case study about Netflix's choice to
| compete with Disney and HBO instead of competing with Akamai,
| Cloudflare, and Fastly.
|
| They really had every possible advantage, and then instead re-
| built trash TV.
| madrox wrote:
| Worth noting that they're surpassing Netflix by including ESPN+
| and Hulu subs, so many customers are getting double or triple
| counted. It isn't just Disney+. Also, Disney has made a lot of
| partnerships to promote and sell subscriptions, such as through
| Verizon, which is usually how they end up growing their numbers
| so quickly. They usually include guaranteed minimums and I'm not
| sure how that's affecting this number. If I were an analyst, I'd
| love to know what percentage of subscriptions are coming through
| those deals, as they don't tend to create sticky customers.
|
| Still an impressive achievement given how relatively new the
| service is, though. It's a testament to what a well oiled machine
| Disney is and their ability to pivot into new services.
| pipeline_peak wrote:
| Disney owns ESPN, has for a long time
| madrox wrote:
| Indeed, and ESPN has always been far and away the largest
| source of revenue. In fact, the earnings call where Disney
| beat expectations but cable subs to ESPN dipped by half a
| percent saw a total run on the stock. ESPN+ is what they're
| hoping to wean cable users onto.
|
| I suppose I should disclaim that I used to work there :)
| adoxyz wrote:
| And Disney owns 67% of Hulu.
| ycta2022081011 wrote:
| I predicted this would happen as soon as Netflix raised prices
| earlier this year. They have over 220 million global subscribers,
| almost the population of the entire United States, but think they
| aren't making enough money and are investing the money they do
| have into hair-brained projects like mobile games. If Netflix
| just focused on stabilizing and returning steady profit, instead
| of infinite growth and inflating their stock price, they would be
| in a much better position than they are currently.
| echelon wrote:
| If they don't grow the pie now, their TAM will be locked
| forever.
|
| Too little too late.
|
| They got utterly routed by Disney.
| gerdesj wrote:
| Why is this here?
|
| It's not exactly news for nerds nor is it news for investors -
| there are plenty of other sources.
|
| This article is an advert (try scrolling down) and wankery and
| very boring. "Why it matters" is pure comedy.
| MikusR wrote:
| https://www.theverge.com/2022/8/10/23300460/disney-plus-pric...
| openplatypus wrote:
| Oh don't Moana about this. Netflix is Frozen in time. It is just
| Mickey Mouse Empire Striking Back.
| routerl wrote:
| I remember when Netflix began to produce their own shows and
| movies, some C-suite exec saying something like "we're gonna
| become HBO before they realize they need to become Netflix". I.e.
| vertically integrated content production and distribution.
|
| Well, wrong target I guess. Disney has always been the big player
| in this space.
| kache_ wrote:
| it's ogre :[
|
| gz to disney plus team
| madelyn wrote:
| Content is queen.
|
| I cancelled my Netflix but Disney Plus is just worth keeping,
| even with the price hike coming.
| christoph wrote:
| Same. It's worth noting Disney only has a single plan which
| includes 4K, HDR, Atmos, etc, and in the UK is far cheaper -
| Netflix charge nearly PS200 a year for their 4K plan (PS15.99 x
| 12). Disney is less than half that on a yearly plan for PS80.
|
| Netflix is just simply massively overpriced now, in my opinion,
| even before you dive into the massive content advantage Disney
| have - almost everything ever made by Disney, Pixar, Star Wars,
| Marvel, National Geographic and the then the massive Star
| catalogue, which actually has a ton of decent movies and tv
| shows, new and old. Content is obviously highly subjective, but
| I lost track of the amount of times I'd open Netflix and spend
| 10 minutes struggling to find something worth watching in their
| annoying UI.
| encoderer wrote:
| A nice headline but Netflix could probably add a lot of subs if
| they dropped prices down to $7.99 where Disney has had them.
| pipeline_peak wrote:
| The only way they can do that is with ads.
| zinekeller wrote:
| Possibly misleading title? Still significant, but it includes all
| subscriptions including Hulu and ESPN+. Also did Disney account
| for possible overcounting (for example, there could be separate
| Hulu and Disney+ subscriptions and didn't took advantage of the
| bundle) or not?
| pipeline_peak wrote:
| Disney owns ESPN
| Rebelgecko wrote:
| Right, Disney sells a bundle of Hulu, ESPN+, and Disney+. If
| you buy that bundle, it sounds like you'd be triplecounted
| skinnymuch wrote:
| Disney+ doesn't own ESPN+ and Hulu. The clarity makes sense.
| Disney owns Hulu too.
| candiddevmike wrote:
| How many folks are on the sweetheart deals Disney Plus had before
| they launch? I know I prepaid for at least two years, I think.
| Will be interested to see who sticks around.
| radicaldreamer wrote:
| There were at least two 3 year promotional plans prior to
| launch that dropped down the effective price to under 5
| dollars/month and under 3 dollars/month. Those are expiring in
| November, right on time for the rate hike.
| underyx wrote:
| I'm using an Amex offer that gives 100% cashback on Disney+
| subscriptions. Sounds like another fun way to game these numbers.
| EddySchauHai wrote:
| I can see this. Disney has some absolutely amazing content for
| many different groups of people while Netflix has become boring
| and stagnant. Nowadays I assume what I'm wanting to find isn't on
| Netflix and go straight to Prime to rent anyway. The only other
| competitor in terms of quality of content with their own content
| is probably Apple TV, with Ted Lasso and For All Mankind.
| skinnymuch wrote:
| That's wild. Netflix makes so many more shows that are well
| received than Apple TV. Apple TV is tiny relatively speaking.
| gregdoesit wrote:
| When I took my kid to Disneyland for the first time, I got the
| question on the way "dad, can we go to Netflixland as well?"
|
| This question from a kid made me realize how much of an
| entertainment empire and revenue generator Disney is versus
| Netflix.
|
| With Netflix, buying the monthly streaming service is the most
| you'll spend. With Disney, it's likely the least: the toys (with
| Disney royalties), the movie tickets for the family and finally -
| for some - a Disneyland trip where we dropped more over a few
| days than my lifetime Netflix spending will be.
|
| The amount of investment that went into making Disney what it is
| today is incredible, and Netflix has a lot of catching up to do.
|
| Will there ever be a 'Netflixland'? Does Netflix even want to
| compete with Disney, head-on-head?
| [deleted]
| kgc wrote:
| Netflixland is actually a great idea. I would go.
| JoshGlazebrook wrote:
| Imagine a stranger things themed section of a Netflix park.
| $$$$
| noisy_boy wrote:
| Or a Love, Sex and Robots themed section. $$$$$$$
| Analemma_ wrote:
| Walt Disney made a famous sketch of his business strategy with
| exactly this point:
| https://i.insider.com/55a6bb002acae74c2f8b48b8. He'd be pleased
| to see that, modulo a few updates for changing times (comic
| strips aren't much of a thing these days), it's still working
| pretty much exactly as intended.
| vanchor3 wrote:
| What would Netflixland have? I feel like they don't own enough
| rights to most of their content to pull that off.
| dymk wrote:
| Imagine living in the 80s, but everybody has a cell phone.
| That's Netflix land
| aczerepinski wrote:
| I want to ride the OA ride at Netflixland where the suspense
| and excitement builds up and you get a glimpse of the intense
| downhill part but then the ride just suddenly ends.
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