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Originally Posted by leebase
In the music arena....”nobody is making money” on streaming. It’s a loss leader for Apple, Amazon and Google — and an investor's black hole for Spotify and Tidal.
Netflix had a money making streaming business...but what happens as all the others come online?
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Music is...odd...
Main problem is the licensing fees are arbitrated so nobody is happy and everybody pretends they're losing money. I'd be wary of believing either side.
Netflix is making money hand over fist but, like Amazon, they spend it as soon as they get it. They are reportedly spending 5-6x what Disney and HBOMAX are spending on new content and debuting multiple new series as fast as others drop new episodes. And, unlike their US-centric competitors, they are acquiring and developing content worldwide.
So far, they are rolling merrily along:
https://www.cnet.com/news/netflix-fa...ers-worldwide/
There's an interesting viewership chart there.
Worth checking out. BTW, WITCHER is really really good. It does justice to the books.
Quote:
In the past, Netflix has dismissed the threat of the streaming wars, pointing out that the company has grown pretty well even though it's been competing with streamers as well as traditional TV for over a decade. It reiterated that rhetoric Tuesday.
"This is happening all over the world and is still in its early stages, leaving ample room for many services to grow as linear TV wanes, Netflix said in its letter to shareholders. "We have a big head start."
Domestically, Netflix added 520,000 streaming customers, shy of its October guidance for 600,000.
Netflix's international subscriber base widened by 8.33 million members, beating the 7 million additions the company predicted. Broken down by market, it reported 4.42 million new members in Europe, Middle East and Africa; 2.04 million in Latin America; and 1.75 million in Asia Pacific.
Looking ahead to the first quarter, Netflix expects to add 550,000 streaming members in the US and Canada, it's biggest single market. (Again, it expects 7 million new subscribers in the next quarter worldwide, so most of the growth will come from overseas.)
Netflix also predicted $1.66 per share in earnings in the first quarter. On average, Wall Street analysts who track Netflix expected $1.21.
Overall in the latest period, Netflix reported a profit of $587 million, or $1.30 a share, compared with $133.9 million, or 30 cents a share, a year earlier. Revenue rose 31% to $5.47 billion. Analysts on average expected per-share profit of 52 cents -- compared with Netflix's guidance of 51 cents -- and $5.45 billion in revenue.
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As they say, they have a big headstart.
(So does HBO. 150M+ subscribers.)
Plus, their content addresses all genres and all interests. D+ alone won't match them. That's why Disney is bundling it with Hulu in deals.
Long term, US-based paid streaming services will probably run NETFLIX, HBOMAX, DISNEY+Hulu, Prime, PEACOCK, CBSAA+Pluto. Plus the usual horde of wannabes and ad-supported playersm
All winners, to one degree or another.
The real losers are the cablecos and broadcast networks.