Netflix is presumably reeling beneath the after-results of the international pandemic in terms of subscriber development. In truth, the streaming service is bleeding subscribers in the US and Canada, with 430,000 of them opting to tug out of the platform in the second quarter of this yr. The firm reported that it added simply 1.5 million new subscribers worldwide in the time interval — a major drop in comparison with the quick-paced development it noticed final yr owing to COVID-19 lockdowns.
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It’s unclear what’s inflicting this subscriber drain for Netflix, however the platform’s management definitely doesn’t suppose it’s as a result of of competitors from different streaming companies like Disney Plus and HBO Max. “Does HBO or Disney have a differential impact compared to the past? We’re not seeing that in the data we have. That gives us comfort,” Reed Hastings, Netflix co-CEO, mentioned in an investor name (through ArsTechnica).
In gentle of the improvement, we wished to know if you are one of the 430,000 paid subscribers who jumped the Netflix ship recently. If so, why did you stop the platform? Did you substitute your Netflix subscription with that of one other streaming platform? Take our ballot above and drop us a line in the feedback part beneath.