The Streaming Service Bubble

[Iwasamwillbe]

The streaming service market is a bloated, overinflated bubble, and one that is poised to collapse soon for the exact same or very similar reasons that the North American video game industry crashed in 1983.

Prove me wrong.

 

[From The Uncanny Valley]

I could see something happening to Netflix, I see more and more people getting fed up with it like every day now

 

[BrunoMattei]

It brings to mind the tagline for the classic Texas Chainsaw Massacre: Who will survive and what will be left of them?

 

[Otis Boi]

I mostly think that a few of them are going to fuse together. Possible under a service like Hulu maybe have their offerings for something like and extra $2 a months or free but with ads. That are cable companies will offer a "Streaming" pacakge where you get all the streaming services included in the price of your cable bill.

My other idea is half of them wont go past a few years because they dont offer anything really. Disney+ is the only competive one when compared to Netflix/Hulu bcause it's Disney but the other ones have nothing to bring people to them

 

[Duncan Hills Coffee]

I remember reading a statistic that the influx of all these streaming services might have caused a rise in piracy. It was a lot easier to swallow for people when they could feasibly subsist off a single service. But now all the best shit is being divided among the different companies so you basically have to buy more than one subscription if you wanna see all the hot new shows. Or you could pirate it, which is what more people are realizing. Why get a subscription to Netflix, Disney, Amazon, and Hulu when you could just torrent it all for free?

 

[OB 946]

I remember reading a statistic that the influx of all these streaming services might have caused a rise in piracy. It was a lot easier to swallow for people when they could feasibly subsist off a single service. But now all the best shit is being divided among the different companies so you basically have to buy more than one subscription if you wanna see all the hot new shows. Or you could pirate it, which is what more people are realizing. Why get a subscription to Netflix, Disney, Amazon, and Hulu when you could just torrent it all for free?

Yeah piracy has steadily declined until the last few years. Piracy is now rapidly on the rise and virtually every streaming service is struggling to continue their expansions. Netflix actually shed customers for the first time since their service launched this year.

 

[NOT Sword Fighter Super]

Nothing would make me happier, but I don’t see it happening.

I do however see the death of broadcast TV within 20 years.

Press S to spit on its grave.

 

[Stab You in the Back]

One of my beliefs about Netflix's move towards original series was that they thought they were future-proofing their business. Essentially, they were creating assets that they could use to generate revenue (through syndication + licensing) after the service portion of their business started declining. Obviously, other companies thought the same thing and realized they could recoup any losses of an aborted streaming venture by having these assets to sell off down-the-road.

The problem most people recognized at the time, and that is now more blatantly obvious than ever, is that these originals have little value, and their value continuously declines as more originals are produced. In other words, Netflix going all-in on originals is ultimately what's going to destroy the service as they will 1) drive off customers who don't give a shit about original series, and 2) have no value on the secondary market and are thus junk assets.

So what happens five years from now when Netflix can't afford shows like The Office, are losing subs by the buttload, can't off-load their originals for more than 1/10th of what they had hoped, and are sitting on billions in debt that they invested in original series? Bankruptcy.

 

[CIA Nigger]

I remember reading a statistic that the influx of all these streaming services might have caused a rise in piracy. It was a lot easier to swallow for people when they could feasibly subsist off a single service. But now all the best shit is being divided among the different companies so you basically have to buy more than one subscription if you wanna see all the hot new shows. Or you could pirate it, which is what more people are realizing. Why get a subscription to Netflix, Disney, Amazon, and Hulu when you could just torrent it all for free?

Streaming used to be a good deterrent to piracy and for music it was. Why download songs or albums when you can click a button and hear the song you want to hear?

For movies Netflix was a good deal for a while, especially when the legacy DVD/Blu-Ray service was bundled with the streaming one (which actually had a good selection). Now Netflix is notorious for lacking a lot of content and shitty originals, movie studios are putting their own movies on their own services, and having to wait a few days or driving out to a rental store/redbox to get a disc isn't cool anymore. Oh and the DVD service is billed separately now.

Netflixes DVD service also still has 2.7 million subscribers and many are subscribed because of the streaming war bullshit. The DVD service has a lot more movies than the streaming service.

 

[Duncan Hills Coffee]

Netflixes DVD service also still has 2.7 million subscribers and many are subscribed because of the streaming war bullshit. The DVD service has a lot more movies than the streaming service.

There's also the fact that the streaming bullshit's made things less convenient. I can't count how many times I tried to look up a movie on Netflix only to find that it isn't available for streaming. Or sometimes a movie that was on there will be inexplicably removed. But both cases are easily circumvented if you opt for the DVD service, which lacks the instant gratification of streaming, but if you want to watch a movie the only thing stopping you is the waiting period.

 

[La Luz Extinguido]

The guy in the middle of the thumbnail has an epic cuckface.

 

[Idiotron]

I suspect that in the future, every major studio will have their own streaming service.
There's Disney+ from Disney, NBC/Universal will have one, Warner Bros/HBO will have one, Paramount/CBS will have one, they all announced it already and I'm pretty sure that all of them have enough talent working for them and a back catalogue of exclusives that they'll survive..
I'm not sure about Sony, they're pretty stupid and they don't have as much money.
Maybe they will merge with Netflix because they're both struggling right now, if they had an exclusive Spider-Man movie on Netflix, people would buy the subscription just for that. We'll see.

I also don't know about the lesser studios, I guess that they'll have to sign a contract with one of the big ones.
Either that or they'll team up and make a separate streaming service.

 

[Brundlefly]

The guy in the middle of the thumbnail has an epic cuckface.

Do you literally not know who Red Letter Media is? Watch the video, they're taking the piss.

 

[Otis Boi]

I also don't know about the lesser studios, I guess that they'll have to sign a contract with one of the big ones.
Either that or they'll team up and make a separate streaming service.

Dude Troma has it's own streaming service. I think we will get one for everystudio before the bubble finally burst

 

[Duncan Hills Coffee]

I suspect that in the future, every major studio will have their own streaming service.
There's Disney+ from Disney, NBC/Universal will have one, Warner Bros/HBO will have one, Paramount/CBS will have one, they all announced it already and I'm pretty sure that all of them have enough talent working for them and a back catalogue of exclusives that they'll survive..
I'm not sure about Sony, they're pretty stupid and they don't have as much money.
Maybe they will merge with Netflix because they're both struggling right now, if they had an exclusive Spider-Man movie on Netflix, people would buy the subscription just for that. We'll see.

Really, with Disney throwing their hat into the ring, I predict that other studios are going to follow suit to try and consolidate their properties and get people to pay more just to watch their shit. We're already seeing this happen with CBS, who are hosting the new Star Trek on their service (yes, nu-Trek sucks, but that's beside the point).

No matter what happens though, Disney+ is going to make things interesting since it's a major studio flat out using it's own catalogue, and Disney can afford to do it because they own so many properties such as Star Wars, The Simpsons, and the MCU.

And to tie this back to my original point, piracy's gonna skyrocket even more than it is already when people get fed up with having to pay for every little thing.

I also don't know about the lesser studios, I guess that they'll have to sign a contract with one of the big ones.
Either that or they'll team up and make a separate streaming service

You don't even need to be a major studio to have a streaming service anymore. DC's already got their own so they can host things like that shitty Titans show.

 

[La Luz Extinguido]

Do you literally not know who Red Letter Media is? Watch the video, they're taking the piss.

I know, I'm just admiring it.

 

[Creep3r]

I think the market for streaming services is definitely gonna collapse on itself eventually. I don't see Netflix dying out though, but their era of original programming may come to an end (unless a new streaming service of some kind with way better deals and some kind of free feature replaces it). Smaller new streaming services like Disney+ and whatever other bullshit is coming out will not survive long by themselves and eventually the higher ups will either cancel all their original programs, move them to TV or they'll go crawling back to Netflix or whatever streaming superpower replaces it to have them host their original programing.

 

[The Cunting Death]

I'm just pirating my shit from now on

 

[I Love Beef]

Streaming services wouldn't be bad if they weren't lazy to provide available alternatives and didn't think they'd be invincible compared to TV.

There is nothing wrong with having a company that allows you to create whatever you want and upload it on to the internet for anyone to watch whenever time of day in this era, but these motherfuckers reek of not being good at business, not fully researching the dynamics of the product and platform they are working on, and knowing when an opportunity has to fold for a new one. People also still want physical media and things they can own. It also doesn't help that the streaming service competitive market is akin to if cable companies decided to get really evil and decided that they should dice up channels and even shows to access for several dozen dollars a pop.

Maybe this should serve as a mistake that can be easily corrected and a warning for anyone who wants to start up a streaming service. No one is going to want to rejoin your streaming service solely for your "exclusives" in the future either.

 

[Agent Wet]

What made people like Netflix in the first place was how accessable it is back then was go through the trouble of piracy when you just put in 5 dollars a month for a gaint library take that away then why bother with it outside of a few exclusives that may be good. These days I mostly watch stuff either though the internet or picking up DVDs/Bluray from some store s at decent price because at least I don't have to worry about it disappearing because of the license is expired.