Netflix may abandon its binge-watching model for new series as it looks to ensure that the recent dip in subscriber numbers was only a blip, according to analyst Michael Nathanson.
Word comes from Puck News’ ‘What I’m Hearing’ newsletter (opens in new tab) which dives into cultural shifts occurring inside Netflix, from departmental downsizing to the imminent adoption of an ad-supported tier — an approach once seen as heresy for the company.
“It’s not a model that makes a lot of sense,” Nathanson said of the binge-release model. Or, as Editor Matthew Belloni goes on to summarize: “Netflix customers may like the choice to watch all episodes at once for every show, but they’d also like the service to cost $1 a month and deliver butterscotch ice cream sundaes, and that’s not a viable long-term business.”
Belloni goes on to point out that certain recent series — like Ozark and Stranger Things — have experimented with a more drip-fed approach, releasing chunks of episodes in batches.
But this has so far been a limited experiment because CEO Reed Hastings has “seemed unwilling to pivot off the binge model because he hasn’t needed or wanted to,” Belloni surmises. “Now, it appears, he does,” he concludes.
Good for shareholders, but what about the viewers?
The benefits to shareholders should be immediately obvious.
Say you sign up to Netflix to watch Stranger Things season 5 when it eventually emerges. If Netflix sticks to its current model, it’s going to get at least $9.99 from you as a one-month payment, but that might be all it ever gets if you rush the show in a week and then unsubscribe.
But if there are ten episodes released weekly (say), then you’re on the hook for at least $29.98. Scale that up to millions of fans worldwide, and you can practically hear the ker-ching of cash machines.
Yes, you could just subscribe once all the episodes are available, but Netflix knows that the ever-present threat of spoilers means that there’s a significant chunk of people who will want to watch each episode as it drops. There’s also something to be said for being part of the cultural conversation in real-time — crudely, Netflix knows you’ll want to be part of the gossip.
But the question of whether it’s better for viewers is less clear cut.
On one hand, spacing out episodes can let plot points soak in a bit more effectively and, theoretically, a bigger and more loyal subscriber base is good for everyone. In short, the more money Netflix makes, the more shows it can commission, and the less chance of your favourite series joining the growing list of Netflix cancelations.
But that’s distinctly theoretical, and even if spaced-out episodes are ultimately better than the sugar rush of instant gratification for the viewer, some will still bristle that how they watch is being dictated by Netflix.
Still, as our sister site TV Technology (opens in new tab) reported earlier this year, the move away from binge-watching may be a trend to look out for across the board. If that’s the case, then Netflix has little to lose by being a pioneer in the changing streaming landscape.
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