A friend said there's trouble brewing at Netflix Animation and a lot of people are worried about what might be coming in the next few months. I personally think people are overly stressed and worried right now, and I don't see any major cuts taking place any time soon.
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What's probably going on is after after a few years of pandemic isolation and Netflix binging, the arrival of pandemic triggered inflation, and overall higher employment rates, people just have less interest, time, and money to binge watch longer form content. Many are probably consuming shorter form content (like TikTok), or enjoying more time in public.
We economize by scrutinizing our spending of both money and time. When we feel we have less of both of those, streaming services are an obvious "nice to have" for a lot of people that can be cut from their lives with minimal feeling of loss, especially since it can be substituted with fulfilling time spent with other people.
Also, if you're paying an extra $150 a month for energy utilities and gasoline, it kind of makes sense that you might cancel a streaming service that you watch once or twice a week.
These days the time I spent on streaming services during the pandemic is more likely than ever to be spent having a beer on a neighbor's porch (with them of course!).
The cuts at Netflix are already coming.
Netflix animation is firing executives and staff, and canceling series before they go into production, like Bone, Toil and Trouble, and Roald Dahl’s The Twits …
It’s the first of what I suspect will be a lot of cuts. Their next step should probably be to pull back on those $200 million blockbusters, especially since they can probably get nearly as many eyeballs (and subscribers) with a better written and more modestly budgeted $40 million movie. Or by spending $2 million for the licensing rights to Four Brothers.
Netflix is very good at throwing money around in their film division, but they are not very good at producing movies with long shelf lives.
I mean, honestly, Four Brothers has probably been watched half as much as The Adam Project at 10 percent of the cost. (I don’t like Mark Wahlberg, but I am guessing that deals with Wahlberg and Adam Sandler have been two of the few that have actually been profitable for the service).
sam here, i am hearing that animation will have layoffs
I think there will be cuts coming soon. If subscriber numbers keep dropping there will be no other options. I think the service is already too expensive, rising prices will not work.
When food prices double, households tend to cut back on streaming.