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Comment by cwilkes | Hacker News Reader

Well except for Netflix, down 70% over the last year.

My reading of that event is to buy some Netflix stock at some point. They started a chain reaction with bad news but as far as I'm aware they might have been able to raise their prices in exchange for a relatively small amount of their customers.

That being said I haven't actually verified any numbers so maybe the market is right.

Everyone I know is threatening to quit Netflix over the price hike/password sharing crackdown.

Yet nobody I know has actually quit. I suspect they might be addicts claiming they can quit anytime...

I ended up quitting for several reasons.

I really liked their content when they first launched here in AU.

I have two family members on limited incomes who wouldn't otherwise be able to afford it - so I got the top-end plan, specifically because it said something about multiple devices in your family.

Then the prices were raised, it became harder to find anything that I wanted to watch (new content I wasn't interested in, and lots of missing older content). I basically stopped using it.

Then prices were put up again (twice, I think), at the same time that they started bitching about password sharing/whatever. Then one family member died, and the other stopped using it, so... yeah, I'll keep the $23/month.

There's a decent change I'll drop it when they actually block me from account sharing. Until that point, I don't mind the higher prices. When that point does come, I'll certainly re-evaluate if Netflix is worth it for me.

I haven't looked into it myself, but I'd do more research than just looking at diffs before buying FAANG stocks now. It's easy to forget that a lot of especially tech stocks were extremely handsomely valued by traditional metrics before the Fed started raising rates.

My take is that Netflix is doomed. They had a good run, because they were first streaming platform, but at the end of day it is all about the content that you have, and big competitors, such as HBO and especially Disney+ are much better at producing quality content (and they have huge catalogs of existing, top-shelf movies and shows already). I expect people gradually switching to those services, and Netflix becoming irrelevant.

I keep almost killing off my Netflix in favor of the others, but then I remember its actually where most of what my kid watches is right now. Otherwise it wouldn't be worth a consistent subscription.

What I really need is a better way to manage it all: Content aggregator which you can add everything to a single watchlist. And when you want to watch something on a service you don't have subscribe and then cancel it immediately so you just have it for the month. I am sure all the services would squash something like that though.

I think eventually people will do something like this: keep Disney+ subscription active all the time, as the default (because it will be the best), and occasionally buy one month of the other services (Netflix, Hulu, Amazon Prime) just to see what's new there.

The Disney+ and Hulu bundle is probably going to end up my default. But Prime just kind of exists. Never watch much on it, probably need to re-evaluate the value there.

They were priced at a level that could only be justified if they had the same exponential growth they've been having for many years into the future. I think the dump is mostly a reckoning that this isn't realistic. They might still grow from current levels, but it's not going to be at the same rate as they have for the past decade.

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