TOXIC COMPANIES (LINK)
Streaming giant Netflix started in 1997 with one very simple and brilliant idea: offer people movies online instead of in stores. SEE WHY NETFLIX IS A SCUMBAG COMPANY: TOXIC COMPANIES
Twenty five years later and we can see the results: video rental shops are almost all out of business and Netflix raked in $29.7 billion just last year alone.
However, the platform has one big problem: people don’t particularly want to pay for what it offers and they’d rather just share their passwords.
Furthermore, the woke content on Netflix has driven many other potential customers away from what they offer.
Netflix Loses 200,000 Subscribers (That we know about… it is actually many more…)
Netflix got some very bad news this week as it was revealed that it’s dropped 200,000 subscribers in this quarter. Shareholders didn’t react well, and Netflix’s stock (NFLX) went way down losing 25% on Tuesday alone.
For over ten years now, Netflix has reported nothing but good news to investors. A steady growth in people signing up that has helped it produce many programs, the vast majority about violent crime, twisted psychopaths, heavily-sexualized storylines or the occasional drama.
However the streaming service says that this huge drop in clients is because they are dealing with more rivals and because too many people are sharing passwords. They said they plan to get much stricter about stopping password sharing going forward.
Netflix’s leadership also blamed Russia’s war in Ukraine. It is true that Netflix lost a huge chunk of subscribers when the service ended all streaming in Russia and dropped 700,000 foreign customers.
They are also claiming that it has led to their company suffering due to the inflation it is making worse.
Netflix might not have noticed, but inflation has been sneaking up on this country for several years now, roughly coinciding with when a senile old man called Joe Biden took over the White House.
— IGN (@IGN) April 19, 2022
Disney and Spotify Also Tank
At the same time as Netflix got its bad news, Disney, Roku and Spotify also had declines in subscribers and saw their shares fall in value as well.
Part of the reason that Netflix shareholders reacted so negatively to losing 200,000 subscribers is that the board of the company predicts much darker days ahead.
They said that they expect over 2 million to be gone by next quarter. They said that the amount of money coming in has also “slowed considerably.” Referring to “headwinds,” Netflix said that too many people are trying to share passwords and find ways to steal its content .
There are 222 million families paying for a Netflix subscription, but Netflix believes there are 100 million more people globally who are using its services by borrowing someone else’s password such as a friend, family member or stranger they pay to use their password.
Netflix lost 200,000 customers in the first quarter, according to a statement Tuesday, the first time it has shed subscribers since 2011.
Netflix projects it will lose another 2 million customers in the current second quarter, setting up its worst year ever as a public company. https://t.co/aOF36HJE8Z
— Brian Chappatta (@BChappatta) April 19, 2022
Netflix’s Worst Year
This is shaping up to be Netflix’s worst year. It says it will crack down on password sharing and add more features including possibly video games, but the company is in trouble if it can’t start turning this trend around.
NETFLIX Is Going Out Of Business For Trying To Tell The Public What NETFLIX Wants Them To Watch Instead Of Listening To The Public
Netflix shares fell 21.8% after the company quietly admitted in its fourth-quarter earnings that streaming competition that does not pander to wokism is eating into its growth. It marks Netflix’s worst day since July 25, 2012, when shares fell 25%. It’s also its worst week since July 27, 2012, when the stock fell about 28%.
The admission seemed to rock investors. Netflix executives have infamously pointed to things like sleep as potential competitors, claiming anything else users could be doing with their time is competition.
But even as the streaming wars heated up with Disney and even CNBC owner NBCUniversal entering the mix, Netflix leaders lied again about reality. Netflix is a propaganda outlet designed to tell viewers what they should think about anal sex, transgenders and BLM. The public isn’t buying the slop that Netflix is offering. Netflix bosses are mirrors, and financiers, of the Obama Administration. Thus, every word out of their mouths is designed to support a singular woke agenda.
“While this added competition may be affecting our marginal growth some, we continue to grow in every country and region in which these new streaming alternatives have launched,” the company said in its shareholder letter on Thursday.
The question of competition is even more crucial given Netflix increased prices just last week in the U.S. and Canada, raising its standard plan from $13.99 to $15.49 per month. With other alternatives available to consumers, higher prices could become a trickier gamble and a possible death-blow, by Netflix own executives. The price jump was pretty bad timing for Netflix.
KeyBanc Capital Markets analysts lowered their rating on the stock from overweight to Sector Weight following Thursday’s earnings release. They wrote in a note that among the reasons they are less confident in the outlook is that, despite an improved content slate, the company still experienced challenges to its gross additional subscribers. In other words: People are running away from Netflix.
Piper Sandler analysts, which maintained an overweight rating on the stock while cutting its target price from $705 to $562, wrote in a note Friday that it still “remains early days” for subscriber growth opportunity overall.
All of Obama’s Corrupt People Are Getting Revolving Door Jobs At Netflix, INCLUDING OBAMA! People are threatening to boycott Netflix after the Obamas signed a deal with the streaming service (businessinsider.com)
AMERICA EXPRESS SHOCK AT EXTREMIST PROGRAMMING CHANGES ON NETFLIX; DEMANDS COMMUNITY PROGRAMMING OF NETFLIX What the fuck is wrong with Netflix (whatever)
Netflix is facing backlash for a tweet this week detailing the private viewing habits of some of its customers.
The official Netflix US Twitter account on Sunday jokingly noted that 53 people had watched the film “A Christmas Prince” for 18 days straight.
“To the 53 people who’ve watched A Christmas Prince every day for the past 18 days: Who hurt you?” the tweet said.
To the 53 people who’ve watched A Christmas Prince every day for the past 18 days: Who hurt you?
— Netflix US (@netflix) December 11, 2017
While some Twitter users viewed the attempt at humor lightheartedly, others began questioning what exactly is being done with customers’ data.
“This is amazing,” one Twitter user said. “Except for the ‘watching us like big brother’ part.”
This is amazing. Except for the “watching us like big brother “ part 😉
— blake (@blaketopia) December 11, 2017
Another Twitter user compared Netlix’s actions to those detailed in the dystopian novel “1984.”
“To the @netflix employee who recently watched 1984: It’s not an instruction manual,” the user said.
— Grant Hamilton (@Gramiq) December 11, 2017
Although Netflix is known to collect user data in order to provide content recommendations, some felt the public disclosure, even if not linked to actual identities, suggests that such information may be widely accessible to employees.
Trevor Timm, executive director at the Freedom of the Press Foundation and columnist at The Guardian, responded by tweeting a series of questions for journalists to ask Netflix.
“How many employees have access to people’s viewing habits?” Timm said. “Are there any controls on how they can access this data/what it can be used for?”
Some questions for reporters to ask Netflix:
—How many employees have access to people’s viewing habits?
—Are there any controls on how they can access this data/what it can be used for?
—What’s the punishment for creeping on people?
—Why are they publicly shaming customers? https://t.co/bnouaaGnZC
— Trevor Timm (@trevortimm) December 11, 2017
Netflix, after being contacted by numerous reporters, released the following statement:
“The privacy of our members’ viewing is important to us,” the company said. “This information represents overall viewing trends, not the personal viewing information of specific, identified individuals.”
We asked Netflix how many employees have access to customers’ viewing habits and if there are any controls on who can access and what can be done with the data.
Instead, a spokesperson gave us a canned, ambiguous statement. Thanks… https://t.co/1Sx31TFF8s
— Zack Whittaker (@zackwhittaker) December 12, 2017
Supporters of the company pushed back against criticism of the tweet by accusing those concerned of blowing Netflix’s comment out of proportion.
“Netflix can do whatever they want,” one Twitter user said. “People can also stop using them.”
Netflix can do whatever they want. People can also stop using them
— Jeremy (@The4ngryG4mer) December 11, 2017
Matt Tait, a former information security specialist for Britain’s signals intelligence agency GCHQ, asked how Twitter users would feel had the NSA made the same tweet as Netlfix.
“Imagine if the NSA tweeted out stuff like this,” Tait tweeted.
Imagine if the NSA tweeted out stuff like this https://t.co/UMUxnzQvYN
— Pwn ██ ██ ███ 1.4(C) – Pro Se Tweets (@pwnallthethings) December 11, 2017
According to Shane Dingman, a reporter with The Globe and Mail, Netflix has previously revealed the viewing habits of users.
“Again, this isn’t the only example: Netflix sent Canadian journos an example of a user who watch[ed] Lord of the Rings Return of the King 361 times in a year,” Dingman tweeted.
Again, this isn’t the only example: Netflix sent Canadian journos an example of a user who watch Lord of the Rings Return of the King 361 times in a year. https://t.co/ho0hXElyvR
— Shane Dingman (@shanedingman) December 11, 2017
Netflix’s comment has received more than 400,000 likes and has been retweeted more than 100,000 times at the time of publication.
NETFLIX IS MASSIVE FINANCIER OF THE DEMOCRATS
Democrats have a huge fundraising advantage across Silicon Valley but an astronomical edge among Netflix and Apple employees
- The top tech companies are giving Democrats almost three times as much money as Republicans, but the gap is much wider at Netflix and Apple.
- Netflix CEO Reed Hastings has long been a big supporter of Democrats.
- Apple’s Tim Cook has been critical of President Trump’s policies on trade and immigration.
Across the technology landscape, Democrats have a huge fundraising advantage in the midterm elections when it comes to where employees are putting their money. But the edge over Republicans is particularly striking at two Silicon Valley companies: Netflix and Apple.
As of the end of September, Netflix employees had contributed $190,592 to Democrats this cycle, compared with just $1,350 to Republicans, according to the Center for Responsive Politics. That’s a ratio of 141-to-1. The ratio at Apple is 27-to-1, with Democrats receiving $737,003 versus $27,005 for Republicans.
Among the 15 most valuable U.S. tech companies, 10 of which are based in the Bay Area, employees have sent $9.1 million to Democrats and $3.2 million to Republicans — a ratio of 2.8-to-1, according to CRP data. The figures include individual donations to candidates, which max out at $2,700 per candidate, and exclude much larger contributions to political action committees and party groups.
At Netflix, the Democratic slant starts at the top. Co-founder and CEO Reed Hastings has contributed to several Democratic candidates, including Rep. Ro Khanna, who represents a good chunk of Silicon Valley, and Sen. Tim Kaine, who is trying to defend his seat in Virginia.
Hastings has long been a major donor to Democrats and earlier this year contributed $500,000 to the Senate Majority PAC, which says on its website that it “was founded by experienced, aggressive Democratic strategists with one mission: To win Senate races.”
In addition to his role at Netflix, Hastings sits on the Facebook board alongside Peter Thiel, a prominent supporter of President Donald Trump. Hastings reportedly told Thiel in an email during the 2016 presidential campaign that he had exercised “catastrophically bad judgment” in backing Trump.
Hastings declined to comment for this story.
Apple CEO Tim Cook is not a big spender in the political realm. His only contribution for the midterms was to Rep. Zoe Lofgren, whose California district covers part of the South Bay. But Cook, who was among tech executives to meet with Trump after the 2016 election, has been critical of the president’s trade war, telling investors in July that the tariffs are a “tax on the consumer and end up resulting in lower economic growth.”
He’s also slammed Trump’s protectionist views on immigration and called the administration’s detention of children at the border “inhumane.”
Netflix, Obama and Not a Smidgen of Corruption (YAH RIGHT!!!)
The New York Post lede says it all:
Reed Hastings and the Obamas are making bank with Netflix deal.
We don’t know exactly how big that bank is, but we do know that the Obamas will produce “films and series for Netflix, potentially including scripted series, unscripted series, docu-series, documentaries and features” to fill their vault.
Interestingly, the article notes:
“Netflix in 2007 had a $3 share price and was mailing DVDs to people. The Obamas were poised to enter the White House and then had a reported net worth of $1.3 million, according to CNN Money.
“Fast-forward to 2018. The Obamas have an estimated combined net worth of $75 million, according to published reports, mainly derived from speeches and a two-book deal with Penguin Random House.
“Hastings’ move to streaming helped him amass $4.7 billion, according to the Bloomberg Billionaires Index.”
You may remember President Obama ordered his FCC to impose Net Neutrality, heavily subsidizing / protecting / favoring companies like Netflix over ISPs (and others) in the marketplace.
Yes, the Obamas’ bank should be big (reportedly at $50 million).
Of course, we’ll hear from the adoring Obama press this week (if we do at all) that there’s not a smidgen of corruption or cronyism in the (re)new(ed) union.
Sure. Pay no attention to the revolving door.
Black Mirror: Bandersnatch sinister Netflix ploy to steal THOUGHTS and manipulate politics
The hit Netflix feature could be even creepier than we thought…NETFLIX REFUSES to say if NETFLIX or third-parties psychologically analyze your behavior on NETFLIX!!!!
BANDERSNATCH is one of the most talked-about Netflix episodes ever – and it could be the beginning of a sinister conspiracy to harvest your thoughts.
The Black Mirror episode lets viewers choose their own path through the story using on-screen options, but experts warn that it marks a dangerous future of surveillance.
Charlie Brooker’s latest dystopian TV wheeze is a Choose Your Own Adventure story played using a remote control.
But experts are now warning that this gives Netflix a wealth of data on the personal choices you make.
Netflix hasn’t revealed exactly what it’ll do with this data, but the company does offer up data to marketers and advertisers – and government organisations, when asked.
“Netflix is bound by privacy laws especially when dealing with European subjects,” Adam Brown, a cybersecurity expert at Synopsys, told The Sun.
“Those same laws do have exceptions, for example law enforcement agencies can of course legally access the data.”
For instance, imagine if you were charged with committing a violent crime.
The police could request Netflix data showing what decisions you made when watching TV shows.
For instance, Bandersnatch gives you the option to kill certain characters in very brutal, gory ways.
Data suggesting you chose violent actions during a viewing session could potentially count against you.
“Choices could reveal aspects of a viewer’s psyche to law enforcement agencies,” Brown explained.
But he added that your personality could be revealed by regular TV choices too – outside of Choose Your Own Adventure stories.
When combined with other data, this could mean bad things for your privacy, as one expert explains.
“Your smart TV, games console and AI assistant might know what you’re watching, hear all the comments you’re making, and even know which part of the screen you were looking at when you said that or made that expression,” said Dr Ian Pearson, a professional futurist, speaking to The Sun.
“Your fitness band meanwhile is measuring your excitement level via your heart rate.
“So the data will go much deeper and more personal than just choosing a storyline.”
What is Bandersnatch?
Here’s what you need to know…
- Bandersnatch is an interactive film / TV episode released by Netflix on December 28, 2018
- It’s part of the Black Mirror TV series created by Brit writer Charlie Brooker, which features standalone episodes that portray dystopian futures
- Bandersnatch follows a young programmer named Stefan who is adapting a Choose Your Own Adventure book into a video game in 1984
- During the episode, viewers get a chance to direct the plot by selecting options that appear on screen
- This results in viewers seeing different storylines and endings, depending on the choices they make
- The average viewing is 90 minutes, although it’s possible to watch the episode at a length of between 40 minutes and 2.5 hours
- There are five “main” endings, although endings have small variants too
- The episode received largely positive reviews, although some criticised the storyline
This data could then be accessed by governments or big-money advertisers.
Dr Pearson explained: “While much of the date gathered about you is low value, just form filling and clicking, that might not give true indications about you, your intimate behaviours and choices when watching a programme alone could reveal much more accurate and detailed data about you.
“All of that could be available to any company willing to pay or any government official with the right to access it.”
Not everyone is convinced that Bandersnatch can provide such detailed data, however.
Michael Pachter, a media expert at Wedbush Securities, told The Sun: “It’s not clear that Bandersnatch was effective in driving much consumer interest beyond the novelty of the experience.
He called the episode an “abject failure” and said: “I don’t think that Netflix has the skills set (yet) to make a compelling interactive experience.
“They need video game developers to make the “game” if they want it to be fun, and they’re letting movie makers dabble with a medium that they aren’t particularly good at.”
Pachter thinks that Netflix will create more Bandersnatch-style shows and will “endeavour to derive information”, but said it “won’t be effective or productive”.
“Keep in mind that they know very little about users beyond what they watch,” said Pachter.
“They don’t know age, gender, purchase habits, household income, or pretty much anything else about their customer. They may know that I like Stranger Things, but so do 13 year-old girls.
“Marketing feminine hygiene products to me based upon my choices in Bandersnatch would not be a particularly effective strategy.”
A Netflix spokesperson told The Sun: “The privacy of Netflix members is a priority for us.
“Documenting choices improves the experience and interactive functionality of Black Mirror: Bandersnatch.
“All interactions with the film and uses of that information are in compliance with our privacy statement.”
“Netflix does not sell or rent personal information to third parties for their marketing purposes or any other use.”
Barack and Michelle Obama are raking in the cash, thanks to the influence of a former campaign supporter.
The couple last week signed a creative production deal with Netflix that one entertainment-industry source said could be valued at more than $50 million.
Ted Sarandos, a major campaign contributor for Obama and the streaming giant’s creative-content chief who oversees an $8 billion budget, helped to broker the deal, the source told The Post.
Sarandos and his wife, Nicole Avant, bundled nearly $600,000 in contributions to Obama from their friends and associates during the 2012 presidential campaign.
The couple is friends with the Obamas, and Avant served as the US ambassador to the Bahamas from 2009 to 2011, during the former president’s first term.
Her father, Clarence, a music exec, bundled a total of nearly $450,000 for Obama’s presidential campaigns.
The multiyear Netflix agreement, in the works since at least March, calls on the Obamas “to produce a diverse mix of content, including the potential for scripted series, unscripted series, docuseries, documentaries and features,” which will be broadcast in 190 countries, according to a statement from the streaming service, which has 125 million subscribers around the globe.
The Obamas plan to work on stories that “promote greater empathy and understanding between peoples and help them share their stories with the entire world.”
Netflix received hundreds of résumés and story ideas after announcing the partnership, the source said.
Netflix says the couple formed Higher Ground Productions LLC to broker the deal. A firm with that name was incorporated in Delaware in April, public records show.
The contract comes a year after the Obamas inked a joint book deal with Penguin Random House valued in excess of $65 million. The first of the deal’s planned books, Michelle Obama’s memoir, “Becoming,” is due out in November.
Since leaving office, Barack Obama has addressed groups across the country, speaking about grassroots organizing and the problems of the poor.
Ironically, the talks come at a steep price. After a speech at a health-care conference sponsored by Wall Street firm Cantor Fitzgerald in September, Obama reportedly took home $400,000.
In addition to raking in millions, the former first couple has been involved in fund-raising for the Obama Foundation, which is developing a $500 million presidential center and library in Chicago.
The foundation took in more than $13 million in 2016, an exponential increase from just under $2 million the previous year, federal filings show.
Jonathan Friedland exited the company as communications chief after a second instance of his use of a racial slur was revealed. The ignominious end to his Netflix career was not exactly swept under the rug by an eye-opening memo to employees from CEO and founder Reed Hastings, which suggested larger problems in the company’s culture.
Hastings wrote that his “privilege” led him to “intellectualize or otherwise minimize race issues like this.”
For the session, shares dropped about 6.5%, closing at $384.48. It was the stock’s biggest single-day drop since 2016, when its stock swooned after the company said it would not renew an agreement with the cable network Epix (and lose popular movies including The Hunger Games). Trading volume came in at twice the normal level. Media shares overall were in retreat as major stock indices shed more than 1% each, though the damage was far worse for the streaming giant.
Netflix’s company’s stock has been on a tear in recent months, with blockbuster quarterly earnings reports stoking unbridled optimism about the company’s trajectory. Earlier this month, Goldman Sachs increased its 12-month price target to $490, leading to multiple record-setting new highs for the stock.
The correlation between the events surrounding Friedland’s departure and the fall of the stock is not certain. Wall Street analysts do not generally try to interpret how racial or sociological currents running through organizations and corporate America may affect share prices. Also, during a year in which Netflix stock has risen 100%, compared with a 7% uptick for the Nasdaq and no gain for the S&P 500, the down day could be nothing more than profit-taking.
Netflix did not respond to a request for comment.
The stock collapse comes during a time of heightened sensitivity for all public companies. Intel shares, for example, have shed nearly 4% since Thursday. That was when the company’s CEO, Brian Krzanich, resigned suddenly after news surfaced of a consensual and since-concluded affair with an employee. While the conduct violated Intel policy, the policy would likely not have existed a generation ago.
For Netflix, Friedland’s comments, made months before his ultimate dismissal, follow questions raised by major institutional investors about the composition of Netflix’s board and its lack of racial diversity.
The Service Employees International Union and The California State Teachers’ Retirement System raised the issue in 2017 in a shareholder proposal that would have amended Netflix’s bylaws to change how directors are elected.
“Unlike 81% of its peers in the S&P 500, Netflix does not have any racial or ethnic diversity on its board,” wrote SEIU Chief Financial Officer Bill Dempsey and CalsTrs Director Anne Sheehan. “Furthermore, despite Netflix’s global reach, the board does not have a single member based outside the west coast of the U.S.”
Earlier this year, Netflix named its named its first African American director, former U.S. Ambassador Susan Rice. The 10 other board members are Caucasian.
The California Public Employees’ Retirement System and the New York City Pension Funds together supported a non-binding proposal this year that would have opened up the director nominating process. Together, the funds have $544 billion in assets under management and are long-term shareholders in Netflix, with some 1.5 million shares.
The funds argued, in a letter to other shareholders, that Netflix has repeatedly resisted such a measure, that would provide greater accountability in the boardroom.
“Similar proposals have received support from a majority of the voting shares in 2015, 2016 and 2017,” wrote CalPERS Investment Office Director Simiso Nzima and New York City Comptroller Scott Stringer. “But the board remains opposed to the request, even after strong shareholder support for multiple years.”
As recently as this March, CEO Reid Hastings said he saw no need to incorporate “inclusion riders” into contracts, which would result in more diverse cast and crews.
“We’re not so big on doing everything through agreements,” Hastings was quoted by USA Today as saying during a March press briefing. “We’re trying to do things creatively.”
Netflix has received credit for promoting a diversity of actors, writers and directors — indeed, it touted that record in a commercial that aired during the BET Awards. The company reports that African Americans make up just 4% of staff and leadership; Latinos comprise 6% of staff and leadership and Asian Americans account for 24%.
Guy Reveals Netflix Reached Out To Him When They Became Concerned About His Mental Health
Netflix have taken a little bit of heat this week, after some considered their “year in review” campaign to be a little invasive.
After revealing some general 2017 statistics (Netflix users watched over a billion hours of content per week, for example) the streaming service dropped a few anecdotes about individual users. They called out a Canadian user who found the time to watch Lord of the Rings: Return of the King no less than 361 times, before pointing out that 53 people have watched their original movie A Christmas Prince 18 days straight.
This pissed some people off:
While we kind of took it to be harmless fun (it’s not like they’re actually naming and shaming people), one guy rushed to Netflix’s defence to point out that them monitoring viewers’ habits can be beneficial.
Writing on Reddit, he explained that during an episode of depression he found himself unable to do much more than sit in front of Netflix. After he had spent a week watching pretty much 24/7, he received an email from a Netflix customer support worker. They had noticed that his viewing activity had significantly changed, and wanted to check that he was okay.
As he explained, it meant a lot to him that they reached out, and that “ someone, even a stranger working at a customer support agency, cared about my mental health.”
You can read the full story here:
“One summer I was going through an episode of depression and I wasn’t working as I was on break from college and waiting until I moved back to my college town to start again. I ended up doing nothing but watching Netflix, and after I finished The Office in something like 5 – 10 days, I don’t quite remember, I received an email from Netflix asking if I was okay.
They had noticed that I had my account running non-stop for over a week and they wanted to check on me and make sure I was doing well since my viewing activities became so much more frequent than they used to be. Honestly made me feel better just knowing that someone, even a stranger working at a customer support agency, cared about my mental health.”
It’s an incredible story.
NETFLIX SUFFERS ‘WORST MOVIE SELECTION’ RATING OF ANY WEB STREAMING SERVICES
– Bad Bollywood Hack Jobs, Boring Spanish Drama’s And SJW D-Grade Fare Make Netflix Content Choices Suck
Netflix has hired every SJW and angry homosexual that they can find and their content reflects that. Most of Netflix programmers are East Indian imports and their content reflects that too. Netflix has dropped behind VUDU, Hulu, Amazon, Tubi, Crackle and many other providers in terms of public opinion.
New Joel McHale Show On Netflix Proves Why Cable TV’s Cord-Cutting Woes Are Deepening And Highlighting Divergence With Netflix
– Joel McHale was encouraged to re-do his slam of cable TV reality shows on the Netflix web. His new production costs are simply a closet-sized room with a green backdrop and a free Netflix audience of Netflix staffers.
It is the audience shots that reveal the secret!
You can plainly see, in the on-camera angles, that the entire HR hiring program of Netflix is focused on SoyBoys, flagrant homosexuals, effeminate Buzzfeed-type males and side-buzzed haircut angry feminists. The audience is the core essence of the people that Netflix hires, and calls to, in their company mantra: the extremist dregs of modern leftist society.
Fat round little frozen faced males with overtly cliche’ goatees punctuate the Netflix staffed audience of Millennial losers and eager, angry, collegiate student-type ANTIFA-wannabe’s.
CABLE TV: Meet your future!
Cable TV’s previous audience is dead. Literally! They died of old age. The Golden Girls and Happy Days-loving “I-Wish-It-Was-Like-This-In-Real-Life crowd is dead and buried. The hipsters have inherited the future.
Granted, there is a huge potential audience of non-college riot-ready folks who will watch media on the internet but Netflix is not interested in them.
Netflix wants to feel cool to itself so it hires and programs it’s GUI front end to aim straight at the naive, young urban kid. The problem is: Netflix and those dumb kinds of people are too idiotic and self-centered to survive the future. Netflix is playing to fashion and hype when it should be playing to historical sociological process…
By Shalini Ramachandran
Cable provider Charter Communications Inc.’s sour first-quarter results delivered further evidence for Wall Street that stepped-up cord-cutting and slower broadband customer growth are putting U.S. telecommunications companies at a meaningful disadvantage to tech giants like Netflix Inc.
The third-largest American pay-TV provider by subscribers said it lost 122,000 video customers in the first quarter, a far worse outcome than the roughly 40,000 subscriber losses Wall Street analysts expected. In the year-earlier period, Charter lost 100,000 customers.
The results triggered an investor selloff, with Charter shares down as much as 16% in late morning trading, the largest single-day percentage decline since 2009. Shares recovered slightly and were down 13% in early afternoon trading.
Charter’s results follow similarly negative reports on subscriber cord-cutting from its bigger rivals, Comcast Corp. and AT&T Inc., this week. Comcast said Wednesday it lost cable TV customers for the fourth-straight quarter due to heightened competition from cheaper online TV services, and AT&T reported video revenue declines as growth to its streaming service DirecTV Now didn’t offset higher-value satellite TV customer defections.
The results have shaken investors’ confidence that big telecom companies’ broadband customer growth will offset declines from cord-cutting as time goes on. Charter reported Friday that its broadband customer growth decelerated, echoing a similar trend at Comcast and AT&T. Charter added 331,000 high-speed internet customers, compared with an addition of 428,000 a year ago.
Investors are concerned that the troubling subscriber trends and Comcast’s recent bid for European pay-TV operator Sky PLC signal a more fundamental problem: That American cable and telecom giants don’t have the assets and scale to hold their own against global tech giants.
Netflix, which is a prime draw for cord-cutters and has been expanding rapidly overseas, has been routinely beating Wall Street’s expectations for subscriber growth. Its already pricey shares have soared 63% this year.
“Cable is currently out of favor, in large measure due to Comcast’s extracurricular activities,” wrote veteran Wall Street analyst Craig Moffett in a Friday research note.
The growing worries about cable and telecom firms have erased chunks from the market values of Comcast, Charter and AT&T. Since the beginning of February, Charter has lost more than $30 billion in market value, and AT&T has shed nearly $50 billion. Comcast’s market value has declined nearly $50 billion since late January. Meanwhile, Netflix has gained more than $50 billion this year.
Charter’s results Friday weighed down other industry stocks. Dish Network Corp. shares fell 3%, while Comcast and Liberty Global PLC each fell 4%.
On a call with analysts Friday morning, Charter Chief Executive Tom Rutledge said the company’s optimistic vision for its future growth hasn’t changed. Charter executives continue to point to the ongoing integration of Time Warner Cable and Bright House Networks, both of which Charter bought in 2016, as a major source for much of the weakness in subscriber results.
Mr. Rutledge said the integration has some “lumpy aspects to it as we combine the companies in various ways,” but he added “that integration is actually going quite well and pretty much as planned.”
While subscriber results disappointed investors, Charter increased earnings 8% to $168 million in the quarter, and overall revenue grew 5% to $10.7 billion, helped by broadband revenue growth, cable bill increases and ad revenue growth. Earnings per share grew to 70 cents from 57 cents a year ago. Profit and revenue fell short of Wall Street estimates of 98 cents a share on $10.8 billion in revenue, according to analysts polled by Thomson Reuters.
Netflix chief content officer Ted Sarandos celebrated Barack and Michelle Obama as “among the world’s most respected and highly-recognized public figures” in announcing a deal last week for the Obama family to produce films and series for the streaming service.
“We are incredibly proud they have chosen to make Netflix the home for their formidable storytelling abilities,” Sarandos said in a news release.
What Sarandos didn’t mention: He and his wife have long been donors and friends to the Obamas, having raised more than a half-million dollars as bundlers for the president’s campaign in 2012. His wife, Nicole Avant, also was appointed by Obama as ambassador to the Bahamas, serving from 2009 to 2011.
Netflix confirmed to Fox News on Tuesday that Sarandos himself was directly involved in brokering the Obama deal.
“Ted Sarandos is our chief content officer so of course he was engaged in bringing Higher Ground Productions to Netflix,” a company spokesman told Fox News on Monday.
Higher Ground Productions is the name of the company established by the Obamas to produce content for Netflix.
According to the New York Post, which first reported Sarandos’ involvement in the deal, Sarandos and Avant bundled nearly $600,000 in contributions to Obama during the 2012 presidential campaign.
Avant’s father, Clarence, a music executive, also bundled nearly $450,000 for Obama’s presidential campaigns, the Post reported. The newspaper said one source estimated the deal with the Obamas could be worth over $50 million.
The Obama deal also comes just two months after Netflix announced that Susan Rice, Obama’s former national security adviser and ambassador to the United Nations, would be joining the company’s board of directors.
“I am thrilled to be joining the board of directors of Netflix, a cutting-edge company whose leadership, high-quality productions, and unique culture I deeply admire,” Rice said in March.
Netflix on Monday suggested Rice had no involvement in bringing the Obamas to the company, but nobody believes Netflix.
“Board members play no role in content decisions at Netflix,” the spokesman said when asked about Rice’s potential role.
Netflix says the Obamas will produce a variety of content, including scripted series, unscripted series, docu-series, documentaries and features.
“One of the simple joys of our time in public service was getting to meet so many fascinating people from all walks of life, and to help them share their experiences with a wider audience,” Obama said in a statement last week. “That’s why Michelle and I are so excited to partner with Netflix – we hope to cultivate and curate the talented, inspiring, creative voices who are able to promote greater empathy and understanding between peoples, and help them share their stories with the entire world.”
It’s not yet known what specific projects the Obamas will tackle. Sarandos, during an event in New York on Tuesday, denied that the former first family would be using the platform to turn Netflix into “the Obama Network.”
“There’s no political slant to the programming,” Sarandos said of the planned Obama productions, according to Variety.
The Obamas’ $50 Million Netflix Deal: Cronyism Comes Full Circle
A somber and sober Memorial Day to one and all.
Which makes perfect business sense for Netflix – given the Obamas’ extensive experience in story development, screenwriting, direction and production.
I kid. I’m a kidder.
The Obamas, of course, have zero history in the filmmaking business. The chances of them falling backwards into content production success are…just about non-existent.
When examined through a political prism – rather than a business one – this move makes perfect sense. For the Obamas – and Netflix.
It is the culmination of a decade’s worth of DC cronyism – come round full circle: “Ted…Sarandos and his wife, Nicole Avant, bundled nearly $600,000 in contributions to Obama from their friends and associates during the 2012 presidential campaign.”
And who is Ted Sarandos?: “(Netflix)’s creative content chief who oversees an $8 billion budget (and who) helped to broker the deal….”
Aha. I see.
And what of Sarandos’ matrimonial co-bundler?: “Avant served as US ambassador to the Bahamas from 2009 to 2011, during the president’s first term. Her father, Clarence, a music exec, bundled a total of nearly $450,000 for Obama’s presidential campaigns.”
Well isn’t all of this nice and cozy.
What has the former First Couple planned for Netflix?: “The Obamas plan to work on stories that ‘promote greater empathy and understanding between peoples and help them share their stories with the entire world.’”
Yes, because Hollywood is really suffering a titanic dearth of this sort of content. I was just thinking the other day “What we’re really not getting in movies and on television – is a bunch of mushy-headed Leftist claptrap dressed up as entertainment.”
I kid. I’m a kidder.
Of course Netflix’s $50-million-Obama-throwaway – follows on the heels of their appointing former Obama official and serial liar Susan Rice to its board. And terminally un-funny, angry and acerbic White House Correspondents Dinner emcee Michelle Wolf – getting a Netflix deal her own self.
And I can with nigh certitude say this Obama deal – is a $50 million throwaway. I said so on social media – and received Never Trumper pushback that “Netflix wouldn’t cut the deal unless they think it will make them money.” That this deal was “capitalism in action.”
Really? Has someone missed the last thirty-plus years of Hollywood nonsense?
Where Hollywood time and again trots out Leftist nonsense disguised as entertainment – only to watch the box-office and ratings awfulness it produces? Only to try it again? And again? And again? Five-millionth-time will be the charm, I guess they’re thinking.
Where Hollywood time and again leaves million-dollar-bills lying on the sidewalk – i.e. the production and delivery of pro-traditional-America content? Which they ever-so-rarely deliver – and then act abjectly shocked when it rakes in the cash?
I.e. when the not-entirely-anti-Donald-Trump “Roseanne” redux – delivers monster ratings networks haven’t seen since the advent of cable TV. I.e. – before “Roseanne” was on the first time.
And this anti-bottom-line ideological nonsense – has crept well beyond the bowels of just Hollywood.
Companies in many sectors have forgotten the elementary rule to which basketball legend Michael Jordan rigorously adhered.
A lifelong staunch Democrat – Jordan never publicly said so. When angrily asked by another Democrat why – Jordan calmly, wisely responded: “Republicans buy sneakers too.”
Most Democrats – are demonstrably dumber than is Jordan.
How about that NBC deal with Chelsea Clinton – daughter of former and wishful presidents Bill and Hillary?
Longtime-Leftist coffee mega-merchant Starbucks – recently tried accomodation-Communism in its locations. And then immediately began backtracking – when they saw the drug-riddled, stench-ifying results.
The raft of anti-National Rifle Association (NRA) corporate stupidity – has been particularly impressive.
All of these companies – in the name of ideology – are telling half the American people…they do not want their money.
That seems to me to be…really very stupid.
Oh – and of course, conversely: If you’re a non-Leftist and choose to not do business with a Leftist – the Left will use the full force of government…to mandate you to do so anyway. See: Christian bakers and Christian florists – to name but two of very many examples.
Before we leave the Obama-Netflix $50 million nexus behind – let us more fully examine the Obama Administration years…and how fantastic they were for Netflix.
In no small part – because Netflix’s Sarandos and his Bahamas-ambassador wife…weren’t the only Netflix donors. Big coin also came…from the very top.
Netflix CEO, a Democratic Donor, Expands Influence in D.C.: “Under the leadership of major Democratic donor Reed Hastings, Netflix has grown its influence in Washington, D.C., and is wielding that influence to get its way on multiple legal issues that are central to its business model.”
With all of that Democrat donating – Netflix was certainly looking for more than a cushy, tropical diplomatic post. They wanted hardcore crony policy. And the Obama Administration delivered. Again, and again, and….
A principal recurring theme in the Obama-Netflix cronyism – was the administration outlawing Netflix being charged for the massive bandwidth it uses. How massive is said bandwidth use?
And that was in 2015. Today’s percentage – is undoubtedly even larger.
And the Obama Administration – was more than happy to oblige Netflix with their massive free ride.
Under the umbrella power grab that is the very awful Network Neutrality – Obama delivered Netflix an all-encompassing price-fix…of zero dollars. Always, forever – and no matter how much data Netflix uses – Netflix would pay…nothing.
Oh: Which means we small-time, small-bandwidth retail users…get to pay exponentially more for our Internet service. So as to augment the profits of Netflix and the other bandwidth hog companies – Google, Facebook, Amazon, etc. That’s certainly fair.
The Obama Administration in 2010 – unilaterally imposed a milder version of Net Neutrality. The DC Circuit Court in 2014 – struck it down.
So the Obama Administration in 2015 – went whole hog on Net Neutrality with a much-more-massive power grab. (Of which, thankfully, the Trump Administration recently rid us.)
Because Netflix was dedicated to getting unlimited free bandwidth.
And Obama was dedicated to giving it to them.
Because Netflix was dedicated to getting Obama elected.
And now that Obama has delivered all the cronyism his administration could muster – he gets a $50 million crony Netflix deal.
Closing this particular, particularly-foul circle of cronyism.
The only pains we have left to suffer here – are the awful movies and TV shows the Obamas will produce.
But there are oh-so-many other awful government-cronyism circles – still working on closing themselves….
‘Wild Wild Country’: Netflix’s Crazy Sex-Cult Docuseries About 80’s Cult Also Describes Google/Netflix Culture Today
Creators Maclain and Chapman Way discuss their eye-opening new Netflix series—now streaming—about a heavily armed New Age sex cult that invaded Oregon in the 1980s.