I am cancelling Netflix and you need to too

It seems like simply yesterday Netflix was elevating its subscription costs, or perhaps it is as a result of each different service is elevating its costs. They’re all claiming that it prices some huge cash to do what they do and that these worth will increase solely serve to supply shoppers with a greater service, all of the whereas they’re discovering methods to place advertisements in each doable spot earlier than, throughout, and after packages.

Absolutely the rationale Netflix is elevating costs has nothing to do with it spending cash on unhealthy motion pictures, inexplicably investing in games, or offering extreme payouts for its CEOs.

Due to this fact, the time has come, after a few years making an attempt to defend the service, to lastly sign off and unsubscribe for good. There is no such thing as a finish to the value will increase, and with nothing to cease Netflix from persevering with to line the coffers of its leaders, there is no such thing as a motive to assume the service is now or will ever be price it. This is why.

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There’s at all times an excuse to boost costs

Hikes will carry on coming

In fact, all of that’s lies. They only need more cash, and they’re assured that everybody will simply take care of it as a result of nobody will push again. There’s a large effort by all streaming companies proper now to get folks used to advertisements once more (keep in mind cable?) and to normalize spending some huge cash on leisure. They’re all going to maintain on doing it so long as we hold agreeing to pay. So we’ve to cease.

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Netflix has quite a lot of new subscribers

Viewers signed up for dwell occasions and in style sequence

The most recent worth hike comes on the heels of a report variety of additions to its membership. Following a few months of high-profile dwell programming, together with an uninspired and far hyped boxing match between Mike Tyson and Jake Paul, in addition to two NFL video games on Christmas Day, considered one of which included a halftime Beyoncé live performance, Netflix acquired much more eyeballs and subscribers.

All of that results in 19 million new subscribers within the final quarter of 2024 for the worldwide streaming large, bringing its complete to 302 million all over the world. It is telling; Netflix may be very clearly glad to reel in new prospects with some flashy occasions, after which instantly flip round and lift costs on them.

In contrast to different media corporations, Netflix does not care about loyalty. It does nothing to reward those that have been with them for a very long time. You are not going to get something for those who threaten to depart, as a result of Netflix does not even fake to care about you.

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Netflix leaders make some huge cash

CEOs do not deserve their large paydays

At a time when a lot in everybody’s lives prices a lot, and when there’s rightfully quite a lot of vitriol in the direction of CEOs who’re making absurd quantities of cash and doing nothing good or inventive with it, it is price Ted Sarandos. In 2023, the co-CEO made $49.8 million; tragically, it was down from his earlier 12 months’s payout of $50.3 million. Everybody has to make sacrifices, I suppose.

Greg Peters grew to become the opposite co-CEO at Netflix in January 2023; he made $40.1 million that 12 months. It is fairly laborious to reconcile worth hikes throughout all streaming companies when the CEOs are making some huge cash. Particularly when they’re all turning again to the outdated shopper leisure mannequin of getting cash from ads and commercials. Revolutionary, certainly.

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Authentic content material is messy

Empty blockbusters take up house and cash

Netflix affords a ton of various programming, which is a part of its enchantment. From actuality reveals to Ok-dramas, consolation sitcoms and 2000s status reveals, and quite a lot of authentic content material from all over the world, there’s something for everybody at Netflix. However the best way it allocates cash for various initiatives is price a little bit of pause. Netflix has been fairly clear that it has a refined system that determines whether or not TV reveals ought to be reviewed and the best way to go about creating high-profile motion pictures, and it does not have something to do with high quality.

Most notably, Netflix spends some huge cash on toothless, senseless motion comedies starring A-listers in roles the place they’re mainly enjoying themselves. All of them have generic titles, all of them have unhealthy writing, and they’re all a colossal waste of cash. Mark Wahlberg, Dwayne Johnson, and Ryan Reynolds characteristic so much in these motion pictures. Crimson Discover, The Union, Again in Motion are all just about the identical factor, and all meant to be placed on the TV so that you simply’re not watching one other service or desirous about what a waste of money and time Netflix actually tries to be. They don’t seem to be good, they’re simply filler.

I’ve been a Netflix subscriber for a very long time; I used to be round when its solely authentic programming was Orange is the New Black, Home of Playing cards, and the embarrassingly unhealthy Hemlock Grove (it is now buried deep down within the recesses of the service). However sadly, all good issues should come to an finish. With rising prices and an emphasis on making senseless content material to maintain viewers caught on Netflix, it is time to cancel and transfer on.

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