“Netflix said on Thursday that it added another five million subscribers in the most recent quarter, helping to lift revenue to $9.8 billion during the period, a 15 percent increase from the same period last year.
The company now has 282.7 million subscribers globally, far outpacing its competitors in streaming. Net income in the quarter rose to $2.3 billion.”
Was anyone expecting this news? That’s an amazing set of figures.
But, here’s an interesting part of the news:
“The company plans to stop releasing quarterly information about total subscriber counts beginning next year but will unveil major subscriber milestones when it reaches them.”
No doubt, the conspiracy stories begin. What are they trying to hide, is the first one that comes to mind.
But what does it mean for the other streamers?
https://www.nytimes.com/2024/10/17/business/media/netflix-quarterly-repo...
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I like Netflix's model, Geoff Hall. I think it's safer for actors to get bigger upfront payments because they don't know if movies and shows will do really well.
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Maurice Vaughan I agree, Maurice. Guaranteed income, you think would be something with a more positive judgement from the Unions.
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and in Russia, film studios earn an average of 500% profit on TV shows. and it doesn't matter if the series is successful or not. I don't think the situation in America is any different. therefore, I...
Expand commentand in Russia, film studios earn an average of 500% profit on TV shows. and it doesn't matter if the series is successful or not. I don't think the situation in America is any different. therefore, I think the ratings were invented to save on employee benefits. we can say that any series earns money for the studio only if it does not burn a lot of money on it during production. therefore, it is difficult to say which payment scheme is more honest and reliable, because everything depends on the studio and the budget of the series. and since no one knows the real accounting of production, employees are held hostage by the situation and are forced to take what they give.