Netflix’s Backtrack on Transparency

The Town with Matthew Belloni

The Ringer

Society & Culture

4.3 • 847 Ratings

🗓️ 22 April 2024

⏱️ 30 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Matt is joined by Bloomberg’s Lucas Shaw to discuss Netflix’s pivot away from reporting subscriber growth and average revenue per user every quarter. The two question why Netflix is doing this and how this step back from transparency will affect other streaming services and the greater streaming landscape. Matt finishes the show with a prediction about primetime television. For a 20 percent discount on Matt’s Hollywood insider newsletter, ‘What I’m Hearing ...,’ click here. Email us your thoughts! [email protected] Host: Matt Belloni Guest: Lucas Shaw Producers: Craig Horlbeck and Jessie Lopez Theme Song: Devon Renaldo Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0	Nathan Hubbard, spring has sprung, the birds are chirping, and the pop girls are pop-girling.
0:06.0	Oh, and you know what that means, Nora Prinziotti.
0:09.0	Every single album is back.
0:11.4	This spring is packed with new releases from some of the biggest pop stars in the world,
0:15.4	including our girl Taylor Swift, and we'll be covering it all.
0:18.6	We'll, of course, break down every angle on the tortured poets department and we'll also
0:23.0	cover new music from Beyonce, Duolipa, Maggie Rogers, Casey Musgraves, and Ariana
0:28.5	Grande.
0:29.2	It's Pop Girl Spring on every single album.
0:31.7	New episodes starting March 28th.
0:33.5	On Spotify or wherever you get your podcasts.
0:39.0	It is Monday, April 22nd.
0:42.4	By nearly every objective measure, it was a very good quarter for Netflix.
0:47.5	The company announced earnings last week, and it generated $2.3 billion in earnings.
0:52.8	It's on track for $10 billion this year. Remember, it was not that long
0:56.3	ago that Netflix made zero profit. Many questioned whether it ever would. Subscriber numbers
1:02.0	hit $270 million worldwide, up a surprising $9.3 million, thanks in part to the password sharing
1:08.6	crackdown. And its co-CEO's Ted Serranos and Greg Peters were rewarded with massive pay for the past year,
1:15.2	50 million bucks for Ted.
1:16.9	And yet, the stock actually dropped.
1:20.3	About 8% on Friday after the reveal.
1:22.5	It's still down today.
	...

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