Would You Own the LG OLED TV? | Street Report

We took to the streets of DC to ask those if they’d want to own the OLED TV by LG Electronics. The television is ULTRA-thin (and we mean thin, like credit card thin). What would be your preferences if you had the opportunity to own one? We know it needs to be Netflix enabled for sure.

Advertisements

Would You Ditch Netflix if They Started Showing Ads?

By: Kassidy Coleman

 
How often do you binge watch Netflix? Maybe more often than you’d like to admit? It’s okay, we already know that Netflix is one of the more popular subscription streaming video services. But there’s something you may or may not have noticed recently: Netflix prices have been rising while their catalog has been shrinking. In fact, the U.S. catalog for Netflix has shrunk by more than 2,500 titles in less than 2 1/2 years. There’s no question – Netflix is changing.

If you’re wondering why Netflix is changing, think about it for a second. Netflix used to be THE subscription video streaming service, there was absolutely no competition. Now Netflix actually has direct competitors like Hulu and Amazon who could be to blame for the changes. Before, Netflix didn’t have to worry too much about competitors because Netflix had a large catalog to browse and was completely ad free. It’s becoming apparent that Netflix is starting to get a little hurt by its competitors.

If Netflix showed ads it would increase their revenue without having to increase the prices for customers. Would you want to deal with ads on Netflix? According to AllFlicks, most Netflix customers would prefer what’s pretty much impossible – no ads, cost as little as possible, and of course have a catalog full of content.

AllFlicks asked 1,200 people on Reddit if they would rather pay more for Netflix or see advertisements while they watched videos. Over 90% of the participants stated they would prefer to pay more than see ads.

Good thing these findings line up closely to what Netflix found – they opted to increase the price slightly instead of having ads. AllFlicks also discovered that many users would ditch the streaming service completely if they started to show ads. 74% of participants agreed that they would say goodbye to Netflix if they started to show ads. Some participants were so upset by just the idea of Netflix showing ads that they used profanity.

Would you leave Netflix if they started to show ads? Let us know in the comments below or join the conversation on Twitter!

Can Netflix Replace Traditional TV and Movie Theaters?

By: Kassidy Coleman

Do you remember trips to Blockbuster or Hollywood Video? It wasn’t that long ago that we would have to go to a physical location to rent a movie. And if the location didn’t have what we wanted, we were simply out of luck. Then in 1998 Netflix completely changed the movie renting game with mail-delivery movie rental that ended up demolishing the competition of Blockbuster and Hollywood Video. Netflix brought the convenience of selecting the DVDs you wanted from their online catalog and getting them mailed directly to you which was far superior to driving to the store that Blockbuster and Hollywood Video could no longer compete. (Blockbuster is still kind of trying to hang in there…they still have 50 locations worldwide). Then in 2007, Netflix took it a step further and did something that had never been seen before – subscription streaming video. Today many other websites have joined the subscription streaming video industry- such as Hulu and Amazon Prime Video. However, Netflix has almost become the household word for online video streaming. Kind of like how people say “Xerox” instead of “copy” when they aren’t even using a Xerox machine. But now this raises some questions: Is this the end for traditional TV? With Netflix releasing more original content, what damage will this do to the movie theater industry?

Well, with Netflix’s history of conquering and destroying, it is likely that the company could be a replacement for traditional TV in the future. According to a recent survey conducted by AllFlicks, 75.5% of Netflix subscribers believe that Netflix can completely replace traditional TV. Although the majority of participants believe that Netflix could be a replacement for traditional TV, there are certain things they agree it can’t replace – such as the experience of going to the movie theater or live sports events. Only 24.2% of participants believed the streaming service could replace movie theaters.

But now we are seeing Netflix spending more money on their Netflix original movies and series. In fact, from 2012-
2016, Netflix has added 111 original series and movies
. With Amazon Prime Video trying to compete with Netflix, most likely we will see Netflix boost out even more original content in order to stay at the top. These Netflix Originals cast some big name Hollywood stars, such as Brad Pitt, Kevin Spacey, and Paul Rudd. It makes some of us wonder what kind of damage this could end up doing to Hollywood. Will Netflix end up doing damage to the movie theater industry? Will we soon just watch new releases in the comfort of our homes? Although that is probably not something that will happen in the near future, it could be a possibility eventually.

Do you think Netflix is a replacement for traditional TV? We think it could definitely be a possibility in the future. But with many Netflix subscribers still paying for TV additionally, it isn’t necessarily considered a complete replacement for TV…yet.

What do you think? Is Netflix going to replace traditional TV? Comment below or join the conversation on Twitter!

%d bloggers like this: