Barack Obama is beloved by the nutroots. Sure, he cost them hundreds of elected offices in state and federal elections. But that was just a fluke. Or was it? After inking a deal with Netflix, the streaming service suffered an unexpected loss in subscribers, and their stock took a hit.
Domestic paid subscribers actually fell by 126,000, while the expectation was for an increase of 352,000. That’s a miss by almost half a million subscribers.
Like I said, unexpectedly.
The first obvious reason is that Netflix instituted a price hike over the past quarter. It seems possible that, given this price hike came so rapidly after the last one, that Netflix subscribers see the writing on the wall.
It suggests that Netflix will need to continue raising prices, and with one look at the $3.5 billion dollar cash burn it expects this year, we can understand why. Nor will advertising help Netflix.
There’s also a problem with content. There’s too much of it, and the quality is declining.
Signing Michelle and Barack up for another left-wing programming bonanza fits the “declining quality of content” metric, in my opinion. It’s also clearly a vanity move for both Netflix and Team Obama. Because outside the blue bubble, they are not that well regarded. Even the international community only praised him for his potential to diminish America to their advantage.
He tried. And we elected Trump to undo all of that. And it has worked out well for the regular people.
And while I would never cancel my Netflix service over that, I find myself spending a good deal more time on Amazon Prime or Hulu. Not in any deliberate sense. The shows on those services are more appealing to me, though that has not always been the case. For a few months last year, I never opened my Hulu account. My wife and kids did, but not me.
I am getting tired of the Tom Steyer for President Commercials on Hulu. It’s gotten so bad that every time one comes on my wife looks at me and says, “have you heard of this guy?”
“Name sounds familiar.”
| CCN.com
