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4, 2019, and has been updated.Winter has settled in for most of us - and with the temperatures continuing to drop outdoors, you’ll probably want to spend as many nights inside as possible, cozying up with a cup of hot cocoa and movies on Netflix. Netflix shares are up 1.1% for the year to date, while the Dow Jones Industrial Average “I think there’s room for both in the long run.” “While probably will make a dent in Netflix subscribers, I don’t see it as a zero-sum game,” Brantner said.
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After all, as a recent Wall Street Journal/Harris Poll survey found, people are willing to subscribe to an average of 3.6 streaming services and shell out $44 a month for such entertainment. By contrast, ad-free Hulu costs $11.99 a month, while the buzzy Disney+ costs $6.99 a month.īut the much-heralded debut last year of Disney+ - which includes franchises like Star Wars, Marvel and a number of titles not yet available due to existing licensing agreements - likely doesn’t spell trouble for Netflix in the short-term, Brantner said. Meanwhile, Netflix has steadily hiked its subscription fees, with the monthly price of its Basic plan increasing this year to $8.99 from $7.99 and its Standard plan rising to $12.99 from $10.99. (3,710) and India (3,515), according to Streaming Observer’s analysis. Netflix spent $13 billion on content in 2018, and most of that money - 85% - went toward original content.ĭespite slimmer Netflix pickings in the U.S., today’s 3,849 American offerings exceed those offered by Netflix in many other countries - including Canada (3,844), the U.K. The service “can’t keep up” despite its proliferation of new projects, the report said - “so its content slate continues to shrink, with its film library taking the biggest hit.”
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“Netflix saw the writing on the wall many years ago, which is why they shifted to focus on original content,” Brantner said.īut the streaming giant appears to have placed more focus on building up its TV titles - which declined from 1,609 in 2014 to 1,197 in 2016, before swelling to 1,784 today - than on expanding its movie roster, Brantner said. Netflix did not return a MarketWatch request for comment on the Streaming Observer report. in the fourth quarter, surpassing its forecast of 7 million. But the streaming company also added 8.3 million subscribers outside of the U.S. subscribers in the fourth quarter, according to The Wall Street Journal it had projected adding 600,000 domestic subscribers. Meanwhile, Netflix reported Tuesday the addition of 423,000 U.S. “So it’s not just companies that are pulling their content it’s also other people snatching it up as well.”
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“More and more companies are fighting for these rights,” Streaming Observer founder and editor-in-chief Chris Brantner told MarketWatch. The outlet chalked up Netflix’s thinning movie selection, in part, to a rising number of competitors including AmazonĮntering the once-uncrowded streaming space.Ĭompanies have yanked their film titles from Netflix as they launch their own streaming services, the site noted, and will continue doing so with the advent of forthcoming services like NBC’s Streaming Observer analyzed data from ReelGood and JustWatch, two streaming search engines. and Canada was “probably due to our recent price changes and to U.S. Netflix said in a letter to shareholders that its low membership growth in the U.S.