Yahoo Finance: Why Netflix can focus on content in a way other streamers can't
24/01/2024
Brightcove CEO Marc DeBevoise joins Yahoo Finance to discuss the comments made by the Netflix CFO and give insight into the companys strategies moving forward.
DeBevoise states: "The other streamers have pulled back on content and marketing spend. Theyre having to rationalize their technology spend... Netflix doesnt have those issues. Theyve built that technology stack. Its in the right place. Its at the right cost level. They are profitable... They can go after those subs and those shows, and they can find the right ways to invest and really drive subscribers. "
Yahoo Finance updates are here. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
Editors note: This article was written by Nicholas Jacobino
Video Transcript
BRAD SMITH: Netflix posting a big jump in subscribers for the fourth quarter, proving that its still the big winner amidst stiffer competition. So what is next? Consolidation has been a trending topic within the industry over the last several months, after reports of talks between Paramount and Warner Brothers-Discovery. When asked about M&A in their earnings call, Netflixs CFO made it clear about a space that they are not interested in.
SPENCER NEUMANN: Were not interested in some of the big linear assets that may or may not be available. We also noticed that-- noted that in the letter. And so I think thats how you should think about our-- whats out there to go after.
BRAD SMITH: So for more on the future of streaming and the entire space, weve got Marc DeBevoise, who is the Brightcove CEO joining us here in studio. Marc, great to see you. I mean, when you hear comments like that on the call, does it mean that Netflix perhaps is prioritizing its attention elsewhere in order to deploy capital, make strategic, maybe not acquisitions of linear, but elsewhere, whether that be content or some smaller player?
MARC DEBEVOISE: I think they realize that they can-- not effectively run the table, but run a tremendously successful and still growing business by really just acquiring content and content rights in the right bundles and the right packages. You saw the deal yesterday that they announced with the WWE.
Thats a really big, broad bet on how they can amplify their ad business, in my opinion. Theyre going after a much larger audience per event in that regard. And thats going to help them drive sponsorships, drive bigger reach for their ad business, rather than so much frequency that they get from delivering sort of series and scripted series.
And you saw them peel back their investment in scripted series last year a bit. Interestingly, you saw their traffic go down a little bit, but subscribers go up, right? And you saw that strong finish to the year. I think thats tremendous for them, and gives them a lot of confidence that this strategy of going after content rather than full companies is probably the right answer for them.
SEANA SMITH: So it sounds like you think we could see more similar deals to what was just announced in this week with WWE?
MARC DEBEVOISE: Yeah, I mean, I think, look, the other streamers have pulled back on content and marketing spend. Theyre having to rationalize their technology spend. Thats effectively what Brightcove does for many of these companies. We help them solve that technology cost problem.
And Netflix doesnt have those issues, right? They dont-- theyve built that technology stack. Its in the right place. Its at the right cost level. They are profitable. So they can now swing for those pullbacks that the other companies are having in content and marketing. They can go after those subs, they can go after those shows, and they can find the right ways to invest and really drive subscribers.
BRAD SMITH: How dependent is Netflix on advertisers continuing to spend and even ramp up the amount of campaigns that theyre running?
MARC DEBEVOISE: Yeah, I mean, I think its really interesting. You saw it subtly in there in their earnings call that theyre going to raise price on the more premium subs with no ads, and keep that price low for the ad tier. When I was running Paramount Plus or CBS All Access, we had a significant lift from that ad-- you know, that ad supported tier. You could get dollars and dollars per sub by delivering those ads.
So when you see that $5, $9, $10 lower price point, it should be adding 50%, 60% of that in ad dollars on a typical basis. So you start to see like-- they may be agnostic as to where the subscriber goes, because theyre making just as much money on that ad tier as they are effectively on some of those lower end premium tiers.
Source link: https://finance.yahoo.com/video/why-netflix-focus-content-way-163835994.html
LINK: | https://www.brightcove.com/en/company/press/yahoo-marc-debevoise-on-ne... |
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