Social workers in India could use the social media to help them spot trouble in their patients, experts said on Tuesday, as they seek ways to help the health care system fight chronic underfunding.Health Minister Rajiv Pratap Rudy said that his ministry had created a task force for developing social media tools to help doctors better manage their patients and patients' families.Rudy, who is also t...
Netflix has a reputation for being an internet-dependent, data-driven company that has taken a lot of heat for its business model, which is to be a content aggregator and not a content provider.
And the company is taking a hit in the recent election cycle as well, losing an election in California.
Now, a new report from a group of media experts finds that Netflix has more than $20 billion in losses on its books from the 2016 election cycle, while the company lost $8 billion from 2016 to 2021.
And as this graph from the report shows, the losses are not just due to the election.
The losses also come from the fact that Netflix lost more money from 2017 to 2021 than it did in the entire previous 10 years.
The study, by the Media Research Center, also shows that Netflix had a much lower average daily subscriber count than it had in the previous 10-year period.
“As the 2017 election was underway, Netflix lost over $2 billion, while it earned $2.6 billion in profit,” the report says.
“This was in part because Netflix did not spend as much advertising as in the prior decade, which made it a more attractive place to make advertising.”
Netflix’s 2017 loss of $2,800 per subscriber, and the fact it lost more than any other movie and TV show on its streaming service, is the biggest ever, and shows just how big a threat Netflix is to the movie and television industry.
“In 2017 Netflix lost $9.7 billion in the U.S. in net income, according to an analysis by The New York Times,” the Media RLC report says, “while in 2021 it lost $10.3 billion, including $6.5 billion in loss on the theatrical market.”
Netflix had an average daily subscription count of 2.4 million on the platform in the last 10 years, the group found, with the majority of those subscribers watching its shows and movies through Netflix.
It is the largest single source of revenue for Netflix in the history of the streaming service.
Netflix, however, lost $3 billion on streaming, which was the third-biggest loss among all TV networks in 2017, behind HBO and Fox.
The report also found that Netflix’s TV and movie business had a $9 billion loss in the year that ended in 2021, which dwarfs the losses suffered by the streaming companies in 2017 and 2021.
“These losses were more than offset by the increase in Netflix’s streaming revenue,” the study says.
And while Netflix’s loss was bigger than any of the other streaming services, the company still had more than a billion dollars left in its coffers by 2021.
Netflix lost money from the end of 2021 through the end the year, and that is $12.3 million, the study found.
“Netflix’s losses were larger than any one of the individual streaming services but less than the losses for HBO, which had $18.2 billion in operating profit and $19.6 million in net profit.”