To the surprise of no one, Stranger Things is currently the most popular English-language Netflix series in the streaming platform’s history.
His is not new news. The record was set last month when Stranger Things 4 Episode 1 achieved a staggering 286.79 million hours watched during its first weekend.
Although there is still no word on how the final two episodes of season four will be replaced, aka Volume level 2, has been active for the past five days, reports that the Netflix website was down early Friday spoke volumes about demand.
This is sure to put a smile on the faces of Netflix shareholders, who saw the value of their shares plummet 35 percent in April when it was reported that the streaming company had lost 200,000 subscribers and is expected to lose several million more by the end of 2022.
Mind you, 150 Netflix employees lost their jobs due to the company’s efforts to cut costs, as well as countless writers, directors, actors, and production crews who have invested their heads in their projects because of the company’s efforts to cut costs. for the same reason, maybe less well- for the success of Stranger Things 4, as it is said to cost US$30 million (€28 million) per episode.
Netflix will enjoy the feeling of recovery from Stranger Things 4, like it did last year from the surprise Korean megahit squid game, The only series with a similar huge number. But what goes up must come down.
What happens when everyone in the world wants to see Stranger Things 4 did so?
Will they patiently wait for what could happen between 15 and 18 months before the fifth and final installment lands, or will they unsubscribe and reactivate when the time comes?
The advantage of streaming services for subscribers – to the detriment of their shareholders – is that people can seamlessly cancel and reactivate it seamlessly, choosing what they want to watch.
With so many streamers vying for our money in uncertain economic times, the idea of researching different channels for a month here and there might appeal to those who can’t afford to buy one. or more of them year round.
Netflix is definitely having problems. But it should have seen them come, because those problems were all of its own making.
It didn’t generate avid viewers (people were enamored with DVD boxes long before we had streaming platforms), but it certainly encouraged it.
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Result? The need to produce a large number of original series every year to satisfy its avid subscribers.
When you’re delivering content in that quantity, the first damage is quality. The second is diversity.
The belief that most people’s tastes are pre-established — the “if you like that, you’ll like this” mindset — has narrowed Netflix’s creative horizons. It certainly gives us more, but it’s often just more of the same. The success of Strange things led to an influx of horror/sci-fi series, many of which were canceled after a season or two.
If a teen drama based on the YA novel becomes a hit, it will inevitably lead to dozens of not-so-great teen dramas based on the novel. theory YA sunk without a trace. The global popularity of Squid game which means we can expect a Korean TV series and more survival thrillers set in a backward future in the next two or three years.
And so on, around and around in descending circles.
It wouldn’t be entirely fair to say that Netflix doesn’t diversify. The problem is that it diversified into game shows, dating shows and reality shows, the latest being something called Snowflake mountain.
I can’t speak for anyone else, but I didn’t sign up for Netflix all those years ago to be humiliated with the same kind of trash I could find on Virgin Media 2 for nothing.
Losing a few million subscribers can seem like a drop of water to some. Still, that’s a drop in the ocean of competitors, some of which cost as little as a third of the €14.99 a month Netflix charges for a standard subscription.
https://www.independent.ie/entertainment/television/tv-news/netflixs-current-subscriber-woes-are-entirely-its-own-fault-41817464.html Netflix’s current subscriber woes are all its own fault