For the first time in eight years,
Netflix lost subscribers last quarter. Over 130,000 dropped them as the service lost popular series like “The Office” and “Friends.”
As others say, “That’s just the beginning.”
As in, expect the streaming service to start shedding subscribers every quarter, and the bottomless well of subscriber/production money will have to be spent on a LOT more original content.
Rising competition could put Netflix in it’s production place. With less money to lavish on big names, Netflix will be in the position of a lot of small studios. They can’t get much of an audience for their product. Alfonso Cuaron wouldn’t be able to money muscle his way to a best picture nomination for a movie few saw and nobody remembers, for instance.
Scorsese’s blank check for”The Irishman” will have to pay off, every time, to get the amount of attention it will take to lure subscribers who used to sign up because “30 Rock,” Ross and Monica and “The Office” were there.
The paradigm is shifting. Again.