Netflix Fights For Its Life

The Bunker – News without the nonsense

Podmasters

Society & Culture, Government, News, Politics

4.6 • 1K Ratings

🗓️ 8 June 2022

⏱️ 27 minutes

🔗️ Recording | iTunes | RSS

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Summary

Netflix’s share price plunged after it announced the loss of 200,000 subscribers in Q1 of 2022. What has gone wrong? And how can the platform get people subscribing again? Alex Hern, Technology Editor for The Guardian, talks to Justin Quirk about why Netflix’s growth turned static, and what the streaming service should be doing to get viewers back onboard. “This is a company and an industry that expects subscriber numbers to go up.” “The reason Netflix lost those subscribers is because they pulled out of Russia.” “Other streaming services are now able to compete in areas where Netflix was once miles ahead.” “A service with adverts could help Netflix recover some market share.” “Many households don’t even know they have access to Amazon Prime” “I don’t see a painless way out of the hole Netflix has put itself into.” https://www.patreon.com/bunkercast Written and presented by Justin Quirk. Producers: Jacob Archbold and Jelena Sofronijevic. Assistant producer: Elina Ganatra. Lead producer: Jacob Jarvis. Audio production by Jade Bailey. Music by Kenny Dickinson. Group Editor: Andrew Harrison THE BUNKER is a Podmasters Production Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0	My name is Stan. I'm at. Nice to meet you. So you took up photography where? I've always loved
0:05.5	photography but I turn it into earning a living at 60. I enrolled on a day course.
0:11.8	Well college. I loved going to college. It's good you can retry. I'm enrolled on the day course. But college?
0:13.0	I loved going to college.
0:14.0	It's good you can retrain and do something.
0:16.0	Yeah, yeah.
0:17.0	Let's talk about working, learning, saving and making the most of living longer.
0:22.0	Phoenix Group is the UK's largest long-term savings and retirement business.
0:28.0	Search Phoenix Group living longer.
0:30.0	Pets brings so much joy.
0:32.0	From those happy greetings at the door to the warm cuddles on the sofa
0:36.7	so give a little love back with dental life from Purina a range of delicious chues made for dogs and tasty snacks for cats that help clean and support your pets, teeth and gums, essential for their overall well-being and a happy, healthy life. They give you plenty of smiles so
0:55.3	look after theirs with dental life. Pick up dental life in the pet food aisle. Hello and welcome back to the bunker daily. Since it first launched as a streaming service back in 2013
1:15.0	Netflix has become as ubiquitous feature of Modern Cultural Life
1:19.0	Spotify or Facebook.
1:20.0	By the end of March this year the channel had 221.6 million subscribers
1:25.3	worldwide reaching every country on the globe apart from China, North Korea,
1:29.3	Syria, and now Russia. From Squid Games to Stranger Things, Bridgeton to the Tiger King, it's changed
1:35.1	both how we watch TV and also the kind of TV that we watch. However, the company's share price
1:40.7	recently tumbled at 150 jobs were accessed
1:43.7	the loss of some 200,000 subscribers and warned that it expects to lose a
1:48.0	further 2 million customers in the next three months. What has gone wrong so
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