Streaming services take a hit as inflation forces Brits to choose
2 years, 8 months ago

Streaming services take a hit as inflation forces Brits to choose

CNN  

London CNN Business — Britons are abandoning streaming services such as Netflix and Disney+ to save money as they suffer the biggest cut to their disposable incomes since the 1950s. Kantar’s report showed that the number of British households with at least one subscription fell by 215,000 during the quarter, with a record 38% of customers also planning to cancel subscriptions over the next three months due to money concerns. “The proportion of consumers planning to cancel services and stating the primary reason as ‘wanting to save money’ has risen to its highest ever level at 38%, up from 29% in Q4 ’21,” the report said. Kantar estimates that Netflix — the world’s largest streaming platform — has about 12 million subscribers in Britain, representing between 5% and 6% of its global customer base.

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History of this topic

Netflix’s subscriber and earnings growth gather more momentum as password-sharing crackdown pays off
5 months ago

Netflix’s subscriber and earnings growth gather more momentum as password-sharing crackdown pays off

Associated Press  

Netflix’s subscriber and earnings growth accelerated in its latest quarter as the video streaming service benefits from a crackdown on freeloading viewers, an expansion into advertising and an acclaimed programming lineup. Given that the competition in video streaming seems to be ramping up again, Investing.com analyst Thomas Monteiro called “the lowering of guidance an intelligent strategy for keeping excitement put …

Netflix now has nearly 270 million subscribers after another strong showing to begin 2024
8 months ago

Netflix now has nearly 270 million subscribers after another strong showing to begin 2024

Associated Press  

Netflix gained another 9.3 million subscribers to start the year while its profit soared with the help of a still-emerging expansion into advertising, but caught investors off guard with a change that will make it more difficult to track the video streaming service’s future growth. The strategy resulted in Netflix adding 30 million subscribers last year — the second largest …

How Netflix survived the streaming wars to stay the subscription video king
9 months, 2 weeks ago

How Netflix survived the streaming wars to stay the subscription video king

LA Times  

Four years ago, Netflix was faced with a formidable challenge to its dominance. “Their competitors are so desperate to make money, they’re giving this content to Netflix,” said Jeffrey Wlodarczak, chief executive of Pivotal Research Group. In January, the streamer announced it would become the exclusive host to WWE’s weekly pro wrestling show “Raw” in 2025, which analysts say will …

Netflix’s gains 13M new global 4Q subscribers as it unwraps its best-ever holiday season results
11 months ago

Netflix’s gains 13M new global 4Q subscribers as it unwraps its best-ever holiday season results

Associated Press  

SAN FRANCISCO — Netflix registered its third-consecutive quarter of accelerating subscriber growth in the final three months of 2023, closing out a comeback year that included a crackdown on viewers freeloading on the video-streaming service and a smattering of price hikes. Netflix signaled it will try to justify the higher subscription prices — and perhaps reel in more advertisers to …

Netflix raises prices as it adds 9 million subscribers
1 year, 2 months ago

Netflix raises prices as it adds 9 million subscribers

The Hindu  

Netflix raised subscription prices for some of its streaming plans in the United States, Britain and France on Wednesday as it shattered new customer expectations, sending its shares soaring 10%. The company picked up nearly 9 million new customers around the globe, surpassing the 6 million consensus forecast of Wall Street analysts surveyed by LSEG. Investors welcomed the news, sending …

Netflix adds 9 million subscribers in third quarter despite Hollywood strikes
1 year, 2 months ago

Netflix adds 9 million subscribers in third quarter despite Hollywood strikes

LA Times  

A fighting scene from the Netflix series “One Piece,” which was released in the third quarter. Netflix added 9 million subscribers during the third quarter, the Los Gatos, Calif., streaming video giant said Wednesday, citing popular original shows and older licensed content, as well as the company’s crackdown on password sharing and its budding advertising business. During the third quarter, …

Netflix UK sales grow as it gains more and higher-paying subscribers
1 year, 2 months ago

Netflix UK sales grow as it gains more and higher-paying subscribers

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Netflix UK has revealed its …

Netflix signups remain high, fuelled by password-sharing crackdown
1 year, 4 months ago

Netflix signups remain high, fuelled by password-sharing crackdown

The Hindu  

Signups for Netflix in the United States remain elevated despite a fall from June's record high after the video-streaming pioneer's crackdown on shared passwords came into effect in May, according to data from research firm Antenna. Attracting new subscribers and retaining old ones has become a tough task in the last few years as customers now have a surfeit of …

Disney streaming service sees subscribers fall again
1 year, 4 months ago

Disney streaming service sees subscribers fall again

The Hindu  

Disney on Wednesday reported a loss for the most recent quarter, with the number of subscribers to its streaming service shrinking again, but a pledge to crack down on password sharing sent shares higher in after-market trades. The falling Disney+ subscriber numbers - for the third consecutive quarter - came as a major writers and actors strike hits the U.S. …

Netflix’s subscribers surge after password-sharing crackdown
1 year, 5 months ago

Netflix’s subscribers surge after password-sharing crackdown

Al Jazeera  

Streaming giant says it added nearly 6 million customers after restricting the sharing of accounts between households. Netflix has announced the addition of nearly six million new subscribers following its crackdown on password sharing. Both figures marked an improvement in Netflix’s fortunes compared with the first quarter, when the entertainment company reported 1.75 million new subscribers and a profit of …

Netflix cuts DVD-rental business 25 years after it launched the company
1 year, 8 months ago

Netflix cuts DVD-rental business 25 years after it launched the company

Daily Mail  

Netflix is saying goodbye to physical DVDs 25 years after its mail service disrupted the movie rental industry irrevocably. 'Those iconic red envelopes changed the way people watched shows and movies at home — and they paved the way for the shift to streaming,' a Netflix statement reads. After 25 years, Netflix is saying goodbye to the feature that made …

Netflix to tighten restrictions on password-sharing
1 year, 8 months ago

Netflix to tighten restrictions on password-sharing

Live Mint  

Netflix is set to crack down on US customers who share their accounts with others, with plans to charge such users, in a move that could see an increase in growth in the latter half of the year. The streaming giant has been testing ways to reduce account sharing in Latin America, where it has already rolled out a plan …

Netflix to end DVD-by-mail business. Execs explain ‘Love Is Blind’ snafu
1 year, 8 months ago

Netflix to end DVD-by-mail business. Execs explain ‘Love Is Blind’ snafu

LA Times  

Netflix’s DVD-by-mail service is coming to an end. “Our goal has always been to provide the best service for our members but as the business continues to shrink that’s going to become increasingly difficult,” Netflix co-Chief Executive Ted Sarandos wrote in a blog post. Popular Netflix series in the first quarter include action thriller “The Night Agent,” which has drawn …

Disney lays off 7,000 as streaming subscribers decline
1 year, 10 months ago

Disney lays off 7,000 as streaming subscribers decline

Firstpost  

The job cuts follow similar moves by US tech giants dialing back from a hiring spurt that began during the height of the pandemic San Francisco: Entertainment giant Disney said Wednesday it was laying off 7,000 employees, as CEO Bob Iger announced a reorganization of the company he returned to lead last year. “Because things in a very competitive world …

BBC iPlayer lags behind Netflix and Disney+ on experience, watchdog says
2 years ago

BBC iPlayer lags behind Netflix and Disney+ on experience, watchdog says

The Independent  

Get the free Morning Headlines email for news from our reporters across the world Sign up to our free Morning Headlines email Sign up to our free Morning Headlines email SIGN UP I would like to be emailed about offers, events and updates from The Independent. “Stronger digital leadership structures in particular will enable the BBC to make the improvements …

Netflix rebounds from recent subscriber losses with 3Q gain
2 years, 2 months ago

Netflix rebounds from recent subscriber losses with 3Q gain

Associated Press  

SAN FRANCISCO — Netflix reversed its recent subscriber losses with a summertime gain that management is hoping to build upon with the upcoming launch of a cheaper version of the video streaming service that will include ads for the first time. Netflix now boasts 223 million subscribers, enabling the company to at least temporarily reclaim the mantle as the world’s …

Netflix gains 2.4 million subscribers, reversing losses
2 years, 2 months ago

Netflix gains 2.4 million subscribers, reversing losses

CBS News  

Netflix reversed its recent subscriber losses with a summertime gain that management is hoping to build upon with the upcoming launch of a cheaper version of the video streaming service that will include ads for the first time. The Los Gatos, California, company disclosed Tuesday that it picked up 2.4 million subscribers during the July-September period, a comeback from a …

Netflix sets $7 monthly price for its ad-supported service
2 years, 2 months ago

Netflix sets $7 monthly price for its ad-supported service

Associated Press  

SAN RAMON, Calif. — Netflix next month will unveil the first version of its video streaming service with ads, giving cost-conscious viewers a chance to watch most of its shows at a steep discount in exchange for putting up with commercial interruptions. Netflix’s ad-supported option will also be rolling out in Australia, Brazil, Canada, France, Germany, Italy, Japan, Korea, Mexico, …

More people watch streaming services than traditional networks for the first month ever
2 years, 4 months ago

More people watch streaming services than traditional networks for the first month ever

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. “I knew it had to …

Disney edges past Netflix in streaming battle
2 years, 4 months ago

Disney edges past Netflix in streaming battle

Al Jazeera  

It had staked its future on building a streaming service to rival Netflix as audiences moved to online viewing from traditional TV. Walt Disney Co edged past Netflix Inc with a total of 221 million streaming customers and announced it will increase prices for customers who want to watch Disney+ or Hulu without commercials. The Mouse House added 14.4 million …

Netflix loses another 1 million subscribers in just three months
2 years, 5 months ago

Netflix loses another 1 million subscribers in just three months

Hindustan Times  

Netflix Inc said on Tuesday it lost 970,000 subscribers from April through June, averting the worst-case scenario projected by the company, but offered a forecast below Wall Street expectations for the current quarter. Netflix had warned in April that it expected to lose 2 million customers in the current quarter, shocking Wall Street and raising questions about its long-term growth …

Netflix's post-Covid slump continues: Streaming giant loses almost ONE MILLION subscribers
2 years, 5 months ago

Netflix's post-Covid slump continues: Streaming giant loses almost ONE MILLION subscribers

Daily Mail  

Netflix shares remain at historic lows after the US streaming giant shed nearly one million subscribers during the Spring due to its 'woke' content and rampaging inflation hurting millions of cash-strapped families in Europe and North America. Netflix shed 970,000 subscribers in April-June 2022 Though shares rose around 7% after the April-June results were published, they are still 66% down …

Netflix Loses About 1 Million Subscribers In Q2; Still Less Than Anticipated Loss
2 years, 5 months ago

Netflix Loses About 1 Million Subscribers In Q2; Still Less Than Anticipated Loss

News 18  

Netflix lost almost 1 million subscribers during the spring amid tougher competition and soaring inflation that’s squeezing household budgets, heightening the urgency behind the video streaming services effort to launch a cheaper option with commercial interruptions. It could have been far worse, though, considering Netflix management released an April forecast calling for a loss of 2 million subscribers during the …

Netflix: Here is why Netflix lost around 10 lac subscriber
2 years, 5 months ago

Netflix: Here is why Netflix lost around 10 lac subscriber

India TV News  

Netflix: A popular video streaming platform has announced that it has lost around a million paid subscribers in the second quarter of 2022. In an official statement, Netflix said, "The second quarter was better-than-expected on membership growth, and foreign exchange was worse-than-expected, resulting in 9 per cent revenue growth." Netflix said it has 73.28 million paid subscribers in the US …

Netflix lays off hundreds of employees in second round of job cuts
2 years, 6 months ago

Netflix lays off hundreds of employees in second round of job cuts

Live Mint  

Netflix Inc said it laid off 300 employees, or about 4% of its workforce, in the second round of job cuts aimed at lowering costs after the streaming giant lost subscribers for the first time in more than a decade. "While we continue to invest significantly in the business, we made these adjustments so that our costs are growing in …

Netflix sacks 150 staff as streaming giant records drop in profits and subscribers
2 years, 7 months ago

Netflix sacks 150 staff as streaming giant records drop in profits and subscribers

ABC  

Netflix on Tuesday said it had sacked about 2 per cent of its staff in a belt-tightening move after growth slowed at the once-booming streaming television service. Key points: The majority of the 150 staff to be laid off are based in the United States The lay-offs come after the streaming giant recorded a drop to 221.6 million subscribers Netflix …

Netflix Lays Off 150 Employees Amid Slow Revenue Growth
2 years, 7 months ago

Netflix Lays Off 150 Employees Amid Slow Revenue Growth

News 18  

Streaming giant Netflix has laid off nearly 150 employees, primarily in the US, as it suffers from slow user growth amid stalled paid subscription. So sadly, we are letting around 150 employees go today, mostly US-based," a Netflix spokesperson was quoted as saying in the report late on Tuesday. Netflix saw its stock tumbling by 20 percent after it reported …

If You Don't Like Our Content, You Can Quit: Netflix To Employees
2 years, 7 months ago

If You Don't Like Our Content, You Can Quit: Netflix To Employees

News 18  

Netflix has told its employees that if they do not agree with its content, they can leave the streaming giant — a move that received a thumbs up from Tesla CEO Elon Musk. Netflix has updated its culture guidelines and added a section called “artistic expression” which details how the platform offers programming for many audiences, reports The Wall Street …

Is Netflix’s loss Disney’s gain?
2 years, 7 months ago

Is Netflix’s loss Disney’s gain?

The Hindu  

Netflix is haemorrhaging subscribers. The streaming giant said last month it lost 200,000 customers in the March ending quarter, the first time it has shed subscribers since 2011. During the period, the company added 7.9 million subscribers added and total subscriptions across all its DTC offerings exceeded 205 million. “Higher costs for cricket programming were due to the airing of …

Elon Musk attacks Netflix and says ‘woke virus’ to blame for drop in subscribers
2 years, 7 months ago

Elon Musk attacks Netflix and says ‘woke virus’ to blame for drop in subscribers

The Independent  

Sign up to our free weekly IndyTech newsletter delivered straight to your inbox Sign up to our free IndyTech newsletter Sign up to our free IndyTech newsletter SIGN UP I would like to be emailed about offers, events and updates from The Independent. One user, responding to Mr Musk’s original reply, agreed with the tycoon and said: “Woke mind virus …

Netflix crisis: Why the reports of its death are grossly exaggerated
2 years, 7 months ago

Netflix crisis: Why the reports of its death are grossly exaggerated

Firstpost  

The news that Netflix has finally fallen to earth after losing some 200,000 subscribers in the first quarter of this year and the subsequent slump in its share price has evoked two extreme kinds of reactions. Others have variously described Netflix’s troubles as a “moment of reckoning” and a “gut-wrenching moment” for an industry that until the other day was …

Layoffs at Netflix have some staffers questioning company strategy and culture
2 years, 7 months ago

Layoffs at Netflix have some staffers questioning company strategy and culture

LA Times  

At Netflix, it has long been known that an “adequate performance gets a generous severance package.” The Los Gatos, Calif., company views its roughly 11,300 employees as members of a pro-sports team, in which every player has to be a star performer, or else they’re gone, reflecting what the company calls a “keeper test.” “We’re a team, not a family,” …

Netflix: counting losses and subscribers
2 years, 7 months ago

Netflix: counting losses and subscribers

The Hindu  

The story so far: Streaming platform Netflix lost two lakh subscribers in the first quarter of its financial year and expects to lose another two million subscribers in the second quarter. It attributed the losses to geopolitical tensions in Ukraine, increasing competition and issues pertaining to household penetration referring to the consumption of content from a single account in a …

Netflix and no chill: How the giant's loss of subscribers has shaken up the streaming industry
2 years, 8 months ago

Netflix and no chill: How the giant's loss of subscribers has shaken up the streaming industry

Firstpost  

Netflix’s performance could also cause rivals to reconsider their own international expansion plans, potentially making more targeted efforts overseas. “I would guess today they’re saying, ‘Maybe trees don’t grow to the skies.’” The media industry, worried about declining movie theater ticket sales and broadcast television ratings, has been reshaping itself on the fly to go all-in on streaming and compete …

Today’s Cache | Netflix bleeds
2 years, 8 months ago

Today’s Cache | Netflix bleeds

The Hindu  

Netflix’s first quarter results are out. The streaming giant lost 200,000 customers in the March ending quarter, the first time it has shed subscribers since 2011. The changes announced late Tuesday are designed to help the company regain momentum it lost over the past year, and hopefully assuage fears of the company’s shareholders. Reed Hastings, co-founder of Netflix, in his …

Netflix shares see sharp drop after it loses 200,000 subscribers - Here's why
2 years, 8 months ago

Netflix shares see sharp drop after it loses 200,000 subscribers - Here's why

India TV News  

Highlights Netflix suffered its first subscriber loss in more than a decade It's causing its shares to plunge 25% in extended trading The company’s customer base fell by 200,000 subscribers during the January-March period Netflix suffered its first subscriber loss in more than a decade, causing its shares to plunge 25% in extended trading amid concerns that the pioneering streaming …

Netflix shares drop 25% after service loses 200K subscribers
2 years, 8 months ago

Netflix shares drop 25% after service loses 200K subscribers

Associated Press  

SAN FRANCISCO — Netflix suffered its first subscriber loss in more than a decade, causing its shares to plunge 25% in extended trading amid concerns that the pioneering streaming service may have already seen its best days. It’s the first time that Netflix’s subscribers have fallen since the streaming service became available throughout most of the world outside of China …

Netflix Shares Plummet As Service Loses 200K Subscribers
2 years, 8 months ago

Netflix Shares Plummet As Service Loses 200K Subscribers

Huff Post  

LOADING ERROR LOADING SAN FRANCISCO — Netflix suffered its first subscriber loss in more than a decade, causing its shares to plunge 25% in extended trading amid concerns that the pioneering streaming service may have already seen its best days. It’s the first time that Netflix’s subscribers have fallen since the streaming service became available throughout most of the world …

Netflix shares drop 25% after it loses 200K subscribers
2 years, 8 months ago

Netflix shares drop 25% after it loses 200K subscribers

The Hindu  

Netflix suffered its first subscriber loss in more than a decade, causing its shares to plunge 25% in extended trading amid concerns that the pioneering streaming service may have already seen its best days. It’s the first time that Netflix’s subscribers have fallen since the streaming service became available throughout most of the world outside of China six years ago. …

Netflix loses 200,000 subscribers in first quarter
2 years, 8 months ago

Netflix loses 200,000 subscribers in first quarter

LA Times  

After experiencing surging growth during the pandemic, the company that ushered in the streaming revolution finds itself in unfamiliar terrain. Netflix said Tuesday that it lost 200,000 subscribers in the first quarter, missing its own projections of adding 2.5 million customers and marking the first decline in more than a decade. “Reality set in.” Netflix faces growing competition from rival …

Netflix stock plunges after subscriber losses
2 years, 8 months ago

Netflix stock plunges after subscriber losses

CNN  

New York CNN Business — Netflix’s bad 2022 just got muchworse. In its letter to investors, the company said that since it launched streaming in 2007, the company has “operated under the firm belief that internet-delivered, on demand entertainment will supplant linear TV,” But, it added, in the near term “we’re not growing revenue as fast as we’d like.” Netflix …

Netflix tests new strategy to boost subscriber base
2 years, 9 months ago

Netflix tests new strategy to boost subscriber base

The Hindu  

Netflix’s pace of growth during the pandemic is starting to slow. Charging sub-accounts The streaming giant on Wednesday said it is testing a charging a fee to subscribers who share their accounts with people who don’t live in their homes. “We’ve always made it easy for people who live together to share their Netflix account,” Chengyi Long, Director of Product …

Netflix Increases Subscription Prices in These Countries: All Details
2 years, 9 months ago

Netflix Increases Subscription Prices in These Countries: All Details

News 18  

Popular video streaming platform Netflix has bumped up its subscription prices for the UK and Ireland. The higher prices will allow Netflix to “continue investing in best in class UK productions and offer a wide variety of curated quality shows and films," the report said. In the US, subscribers to Netflix’s basic plan, which allows for one stream on one …

Netflix announces price increase for its subscription packages
2 years, 9 months ago

Netflix announces price increase for its subscription packages

The Independent  

Sign up to our free weekly IndyTech newsletter delivered straight to your inbox Sign up to our free IndyTech newsletter Sign up to our free IndyTech newsletter SIGN UP I would like to be emailed about offers, events and updates from The Independent. Netflix needs the extra money to invest in “best in class UK productions” and to “offer a …

Netflix’s bad week shows the challenges of the streaming business
2 years, 11 months ago

Netflix’s bad week shows the challenges of the streaming business

LA Times  

Welcome to the Jan. 25, 2022, edition of the Wide Shot, a newsletter about the business of entertainment. So it doesn’t feel like any qualitative change there.” With its 222 million global subscribers, it’s possible that Netflix is getting close to market saturation, meaning it’s only ever going to get so big. “It’s tough to say exactly why our acquisition …

Netflix' Subscriber Base Growth Slows Down, Analysts Expect Trend To Continue
2 years, 11 months ago

Netflix' Subscriber Base Growth Slows Down, Analysts Expect Trend To Continue

News 18  

Netflix delivered its latest quarter of disappointing subscriber growth during the final three months of last year, a trend that management foresees continuing into the new year as tougher competition is undercutting the video streaming leader. Besides releasing its fourth-quarter results Thursday, Netflix also projected an increase of 2.5 million subscribers during the first three months of this year, well …

Netflix shares tank 20% on weak subscriber outlook
2 years, 11 months ago

Netflix shares tank 20% on weak subscriber outlook

CNN  

New York CNN Business — Netflix’s stock fell as much as 20% in after hours trading due to a bad outlook for its future growth. The company said in its letter to investors that competition from streaming rivals “may be affecting our marginal growth some.” However, it added, “we continue to grow in every country and region in which these …

Netflix misses subscriber target, shares fall on weak forecast
2 years, 11 months ago

Netflix misses subscriber target, shares fall on weak forecast

Al Jazeera  

During the reporting season of October to December, the world’s largest streaming service released star-studded movies Red Notice and Don’t Look Up. Netflix Inc fell short of Wall Street forecasts for new subscribers at the end of last year and offered a weaker-than-expected forecast for early 2022 as rivals amped up the competition in the battle for streaming television viewers. …

Netflix’s subscriber growth slows as streaming rivals challenge its market share
2 years, 11 months ago

Netflix’s subscriber growth slows as streaming rivals challenge its market share

LA Times  

Henry Cavill returns in Season 2 of “The Witcher” on Netflix which launched in December. Netflix has invested in growing its slate of foreign-language series and last year had huge success behind the Korean show “Squid Game.” More than 90% of Netflix’s membership growth in 2021 came from outside the U.S. and Canada, the company said. “Even in a world …

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