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Animal Spirits Podcast
Dunking on Doomers (EP.338)
Dec 13, 2023
Topics covered in this podcast include good news on the economy, the stock market's love for lower inflation, Elon Musk's role in killing inflation, getting bullish on consumer sentiment, Netflix's domination in the streaming war, timing the housing market, and seeing the best in people.
01:11:14
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Quick takeaways
- US streaming services are experiencing record-high cancellation rates due to a lack of compelling new content.
- Traditional cable networks are struggling to attract audiences as viewers turn to streaming platforms for entertainment.
Deep dives
Declining Viewership and Cancellations: Streaming Services
US customers are canceling their streaming services in record numbers, with a cancellation rate of 5.7% in October, the highest on record. The biggest jumps in cancellations occurred with stars, Paramount Plus, and Discovery. This trend may be due to a lack of compelling new content, as the ongoing strike has impacted the output of new shows. Netflix remains the dominant player in the streaming market, with high customer loyalty and minimal cancellations.
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Discover
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Listen to the best highlights from the podcasts you love and dive into the full episode