RogueHALLINAN
Banned
Unfortunately Netflix has never made money. In fact just a few days ago its share price tanked and that's during a pandemic when people have a lot more time to consume content at home. I mean everything is in favour of the subscription model and Netflix is still in trouble.
https://www.barrons.com/articles/ne...s-disappointing-subscriber-growth-51603227293
Subscriber/rental models have never been successful and MS isn't the company to find the way to change that.
That's why Gamepass will fail long term. The main question is the damage it does to MS in process. The secondary question is how long it will take MS to see this and do a deal with Sony.
Did you read it ?
"Netflix shares are falling in late trading after the streaming video giant posted September quarter subscriber growth that fell short of both guidance and Wall Street expectations.
Netflix (ticker: NFLX) added 2.2 million net new subscribers in the quarter, below the company's forecast of 2.5 million, and well below recent Wall Street estimates which in some cases topped 5 million. Revenues in the quarter were $6.4 billion, a little ahead of guidance at $6.3 billion but in line with Street estimates."
saturated market for not meeting expectations.