Quote:
Originally Posted by DJ's left nut
Did they manage to woke themselves into a pit as well?
I hadn't heard that.
I mean just a quick google search suggests they're still north of 160 million subscribers and that's a fairly small drop from their peak of about 164 million.
And 160 million subscribers is almost certainly more than they had in spring of 2021 and 2022 when Mando seasons 1 and 2 were killing these numbers.
I don't think this is a subscriber loss thing - that math just doesn't check out.
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It's not that. It's that it can't subsidize it anymore.
[soapbox]
Like all things Venture Capital, the streaming wars are ending in catastrophe. VC backed Netflix, and since VC does VC things, Netflix cared exclusively about growth, and not at all about profitability, even after they reached a critical mass of subscribers. It was always intergalactically stupid to not think they'd ever hit saturation of subscribers.
And since Netflix was doing it, EVERYBODY focused on dumping money in and figuring out profit later. HBOMax, Hulu, Amazon, Apple, and Disney all ****ing did it, because stupid.
Now, Netflix stock price is in the toilet, but they seem to be turning shit around. HBO had to merge with Discovery, and that thing is a total tire fire. I
think their plan is to pull off a bunch of preimium content and use it to drive traffic to their ad supported...thing...I guess... For reasons? Hulu is just waiting to get bought. Amazon talked about dumping video ALL TOGETHER if the LOTR thing didn't work out. Nobody knows WTF Apple is doing.
Disney writ large is a hot mess. Star Wars and Marvel are still insanely profitable, but the rest of the company is a mess. Bob Iger hand picked his successor, and 18 months later, fired that **** and stepped back in the driver seat, except with no real vision or apparently plan... for anything. Stock price is in the shitter. Politics douches will point to wokeness, but my wife (who pays attention to what the kids watch more than I do) says Disney is probably better than the rest in terms of working woke shit in there. Fact is there has been some horrendous management throughout Disney, and all divisions have to pay. Including the ones that make money, unfortunately for us.
All because VC's have to do VC things. And to be fair it isn't ENTIRELY their fault, a fair bit of blame falls with
everybody else for being too stupid to not see the stupid through the...stupid.
****.
[/soapbox]
tl;dl We are entering the 1949 Europe portion of the Streaming Wars. And Disney is ****ing up so bad, they're ****ing with Disney +.