Netflix is presumably reeling below the after-effects of the worldwide pandemic in terms of subscriber progress. In truth, the streaming service is bleeding subscribers within the US and Canada, with 430,000 of them opting to drag out of the platform within the second quarter of this 12 months. The corporate reported that it added simply 1.5 million new subscribers worldwide within the time interval — a big drop in comparison with the fast-paced progress it noticed final 12 months owing to COVID-19 lockdowns.
Associated: Netflix vs Disney Plus comparability
It’s unclear what’s inflicting this subscriber drain for Netflix, however the platform’s management definitely doesn’t assume it’s due to competitors from different streaming providers like Disney Plus and HBO Max. “Does HBO or Disney have a differential affect in comparison with the previous? We’re not seeing that within the knowledge now we have. That provides us consolation,” Reed Hastings, Netflix co-CEO, stated in an investor name (through ArsTechnica).
In gentle of the event, we wished to know in case you are one of many 430,000 paid subscribers who jumped the Netflix ship lately. In that case, why did you stop the platform? Did you change your Netflix subscription with that of one other streaming platform? Take our ballot above and drop us a line within the feedback part under.