So Activision-blizzard has been mired in controversy for several years now. Lawsuits, scandals, etc. A lot of content creators have quit producing content for their games and people wonder if Blizzard can recover. IMHO Blizzard is one good release away from people forgetting all these controversies.
Netflix has thrown money at creating original content. If you look at some of their releases it's clear they've had more money than they know what to do with. Money will only take you so far. I agree they needed to do this. I disagree with how they've gone about it.
This has forced them into price hikes. In their most profitable markets they're now losing subs. The share price is like 75% off its peak.
How does this relate to Activision? Easy. If things were going well at Netflix (eg the share price was hitting new heights, sub numbers were up) I guarantee you no one would care about any of this. But things aren't going well and that foments dissent.
So while employees may have legitimate complaints (and they do) the main story is that things aren't going well at Netflix and they may have overspent themselves into a really tough spot. I know I no longer perma-subscribe to Netflix. It's more expensive than HBO. I'll pay for 1-2 months a year to catch up and that's it.
I fully expect Netflix to stem this kind of bleeding at some point by only having 6 month or annual subscriptions or those will be at the current price and the monthly price will be $20+.
Netflix has thrown money at creating original content. If you look at some of their releases it's clear they've had more money than they know what to do with. Money will only take you so far. I agree they needed to do this. I disagree with how they've gone about it.
This has forced them into price hikes. In their most profitable markets they're now losing subs. The share price is like 75% off its peak.
How does this relate to Activision? Easy. If things were going well at Netflix (eg the share price was hitting new heights, sub numbers were up) I guarantee you no one would care about any of this. But things aren't going well and that foments dissent.
So while employees may have legitimate complaints (and they do) the main story is that things aren't going well at Netflix and they may have overspent themselves into a really tough spot. I know I no longer perma-subscribe to Netflix. It's more expensive than HBO. I'll pay for 1-2 months a year to catch up and that's it.
I fully expect Netflix to stem this kind of bleeding at some point by only having 6 month or annual subscriptions or those will be at the current price and the monthly price will be $20+.