As a company, Netflix brought in over $31 billion in revenue last year, which is an astronomical sum of money for a streaming service that finds way too many subscribers infinitely scrolling through the homepage to whittle away hours of their lives before they’ve even decided on what to watch.
Either way, the company is making money hand-over-fist, but it hasn’t come without a cost. It always generates headlines whenever quarterly results reveal a drop in customer numbers, while Netflix is often trending for all the wrong reasons whenever it cancels a massively popular series that’s cultivated a hardcore fandom, something that’s happened dozens and dozens of times.
Just when you thought the people who shell out their monthly feels no questions asked couldn’t get any more jaded with Netflix than they already are, the bigwigs are threatening a content purge in the United Kingdom due to new guidelines being introduced by regulators.
While the outfit could be fined upwards of $300,000 for “carrying offensive content,” is that really so much as a drop in the ocean for an operation that regularly spends $100 million on terrible movies and earns tens upon tens of billions annually?
The answer should be a hard no as a matter of principal, but it seems as though the more money you’ve got, the tighter the purse strings become. If high-profile content gets banned in the UK, then expect subscribers to abandon Netflix in their droves, and the losses from that happening are surely greater than whatever the authorities could end up fining them.
