Unlike its competitors, Netflix makes profits. But not enough. Many series and original productions will therefore fall by the wayside.
According to this article published by the Wall Street Journal, it is quite possible that one or more of your favorite series will disappear very soon from Netflix programming. Although still profitable, the world’s number one video streaming company is currently threatened by the rise of Amazon Prime Video. It’s time to increase profitability, and its leaders want to save $300 million. This drastic cut in expenditure means that the less popular programs will disappear from the screens.
To read – Netflix: original films are less and less attractive
It has unfortunately become a habit with Netflix. Warrior Nun, 1899, and probably Lockwood & Co; hardly have you found a small nugget of series, a little niche, but become dear to your heart, that the platform stops its production after a very promising first season. In effect, these prematurely dead shows are too expensive for what they report. Sense 8, for example, was one of the company’s most popular series, but it cost a whopping $9 million per episodebecause of its international distribution and a story that took place in every corner of the world.
Netflix will stop financing many productions to increase its profits
According to the American financial daily, this decision also results from the postponement of the end of account sharing on the platform. The company has announced for a long time that this practice will very soon be banned, or at least sanctioned, in one way or another, without taking action in all regions.
The leaders are well aware that the risk of losing millions of subscribers at once is enormous, as evidenced by the hemorrhage that followed the application of this measure in Spain. It should be noted that the $300 million in savings corresponding to the cessation of certain original productions account for a tiny part of the company’s operating expenses, estimated at around $26 billion in 2022.
Source: The Wall Street Journal