The fall is most likely caused by the recently released quarterly reports from the streamer, which came with surprising revelations, including a net loss of 200,000 subscribers, with 2 million more expected to leave the streamer in the next quarter.
According to the WSJ, the company is rethinking its financial strategy and aims to reduce costs on new shows, order fewer episodes if possible, and will be more involved in the content department rather than giving the creators a free hand like before. Even though the company has always been generous with the budgets, it looks like they are now worried about the falling profits. We want you to stay with us as we finish this tale of a powerful girl named Eleven and her brave friends, of a broken police chief and a ferocious mom, of a small town called Hawkins and an alternate dimensions known as the Upside Down. With a new villain, new locations, and a much darker, horror-tinged tone, season 4 of Stranger Things looks and feels completely different than what we have previously seen. The first five episodes of the fourth season of Stranger Things will be available on the internet on May 27 and July 1.
The series is more expensive than Disney's Star Wars and Marvel TV shows, making it the 2nd most expensive streaming series ever.
There was so much story to tell that creators Matt and Ross Duffer decided to conclude the show with a fifth season. The Duffer brothers have teased spin-offs set in the Stranger Things universe.
The streamer is banking big on the show, as it remains one of its most prized intellectual properties. It is hoped that this will reduce the number of canceled shows, which have been carried out so frequently. The budget for the show has always been large, but the upcoming fourth season will be the most expensive yet.
There is currently no word on what the spin-offs will be about, but we will likely get an idea about the future of the show when it returns next month.
The stock market crash has wiped out more than $50 billion of the company's market value.
New mysteries, new adventures, new unexpected heroes, there are still many more exciting stories to tell within the world of Stranger Things. The company is planning to take drastic measures to boost its revenue and subscriber numbers, which include banning password sharing and introducing an ad-supported, cheaper subscription plan. The previous seasons of the show cost around $10 million per episode.
According to The Wall Street Journal, the company spent $30 million per episode on the fourth season. Duffer's brother revealed in a statement that they are grateful for your patience and support. The long-awaited fourth season of the popular show will premiere next month. That is money well spent, judging by the trailers. Hopefully, it will be worth the investment.