Netflix exodus emphasizes mediocre, awake content options: Concha

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This article is adapted from Joe Concha’s video commentary.

Well, it’s been a terrible week for the streaming industry.

The grandfather of them all, Netflix, announced that the company is expected to lose 2 million subscribers this quarter alone. This after Wall Street had expected one gain in subscribers. Its shares fell as much as 35 percent on Wednesday alone.

And there is CNN +, which could not even hold three Scaramuccis after using – checking notes – $ 300 million on the endeavor.

Netflix is ​​expected to lose two million subscribers in July.

Netflix is ​​expected to lose two million subscribers in July.

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So what’s going on here? In 2021, Netflix won more Emmys than any other network or platform, 44 in total.

But competition continues to rise more and more, thanks to services with heavyweight companies behind it in the form of Disney, HBO Max, Apple TV, Amazon Video, NBC’s Peacock, Paramount, Hulu and Sling.

The market is flooded with content; however, the content is increasingly mediocre, cheesy and awake.

Conditions on earth are also changing rapidly. Streaming went from being a luxury to a need during COVID lockdowns. Binge-watching filled the days and months as the theaters closed and the sport either closed down or was just too strange to watch with simulated crowds in the stands.

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But we are in a post-COVID world if God wills and we can go to the cinema again, or a sporting event or a restaurant. Or – gasp – see other people at parties.

Streaming mobile apps

Streaming mobile apps
(iStock)

And with 40 years of inflation, people might check their budgets and say, “Hey, maybe I do not need seven streaming services.”

Streaming used to be a safe bet. It does not look like that anymore, but it may not be a bad thing.

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For finally, we might want to get out of our butts, off our phones, and actually get out and see the world again.

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