Login

Post on Medial

Jaswanth Jegan

Stealth • 5m

"Netflix lost almost a Million Subscribers" Bankruptcy to Billions #7 Netflix turnaround from significant crisis In 2011 Netflix announced a change in its pricing and subscription plans. Initially customers could subscribe both DVD rentals and streaming for a single price then netflix split them into separate plans. For the customers who wanted both subscription it was a 60% hike in price.This decision was met with backlash from customers leading to a significant crisis for Netflix. More subscribers cancelled their subscription in protest against the price hike they almost lost 80 lakh subscribers.Their stock plummeted by 75% resulting in billions of dollars in market value loss. Netflix ultimately apologized for the changes and they shifted to invest heavily in original content production to produce value for the price.Over time, Netflix managed to regain some subscribers through successful original content releases like "House of Cards" and "Orange is the New Black."

9 replies11 likes
1
Replies (9)

More like this

Recommendations from Medial

Image Description
Image Description

Shruti

Stealth • 2m

🚀 Historic Milestone: || SpaceX's 1000th Starlink Mission: Connecting the World || 1000th successful Starlink satellite deployment Global internet coverage reaches 99% Over 42,000 satellites now in orbit ✨Impact: Bridging the Digital Divide • C

See More
8 replies2 likes
Image Description

Anirudh Gupta

Stealth • 3d

Jiostar.com announces subscription plans in SD and HD following their highly anticipated merger 🔥 What are your thoughts about this? Let's connect Anirudh Gupta

2 replies4 likes
Image Description
Image Description

Jaswanth Jegan

Stealth • 5m

“Netflix is a Joke” WEIRD Marketing Strategy #15 Out of nowhere mysterious “Netflix is a joke” billboards popped up in busy neighborhoods in Los Angeles and New York. People started talking about these mysterious black and white billboards. Some as

See More
12 replies28 likes
1
Image Description
Image Description

SamCtrlPlusAltMan

 • 

OpenAI • 3m

How much Silicon Valley's richest CEOs and founders lost in the stock market wipeout? • Silicon Valley's billionaire CEOs faced losses in Monday's stock market downturn. • Jeff Bezos and Larry Ellison lost $6.4 billion and $6.2 billion, respectivel

See More
2 replies7 likes

Rajan Paswan

Stealth • 5m

The Curious Case of Continue Watching! — Netflix In 2007, Netflix noticed a significant trend: many users were immediately clicking "Play" on the next episode of a show they were watching, even late at night. The Key Moment: This behavior wasn't ra

See More
0 replies10 likes
1
Image Description
Image Description

Havish Gupta

Stealth • 3m

How Blockbuster's One Offer Almost Killed Netflix! So Blockbuster was founded in 1985 as a movie DVD rental company. They had huge stores, stocks of all movies, and movie reviews from their employees. It was good place to shop at but the pain point

See More
4 replies6 likes
Image Description

BigLoot IN

Stealth • 1m

Reliance Jio hiked its tariffs in July 2024, but despite this move, the company lost approximately 10.9 million customers in the second quarter. On the other hand, BSNL managed to gain 2.9 million new users in July. This shift highlights that Indian

See More
1 replies2 likes
Image Description
Image Description

Havish Gupta

Stealth • 5m

Another big scam is going on! So There are a few fake SpaceX and Tesla channels on YouTube that re-upload all the original channels' content. The issue is that they use an AI voice generator to make Elon Musk say, "Scan this QR code and buy this cr

See More
8 replies12 likes
1
Anonymous
Image Description
Image Description

Anonymous

Stealth • 7m

The new generation's reluctance to bargain is impacting small businesses in tier 2 cities. Shop owners expect negotiation hence they inflate prices, but when customers don't, they feel overcharged or deceived, leading to lost trust and repeat busines

See More
5 replies23 likes
4
Image Description
Image Description

Udyamee

Stealth • 4m

A random thought 💭 After Jio's 25% hike in recharge plans, Airtel also announced a 21% hike starting from July 3. So, does Vi also have to increase their plan prices? Do they have any contract between them? Coz in the past, all three providers in

See More
13 replies11 likes
1

Download the medial app to read full posts, comements and news.