Recent surveys revealed that Netflix had lost more than 1.2 Million subscribers over the past two quarters, but 25 percent of its current subscribers intend to end their service this year.
9to5Mac says that Netflix has lost 1.2million subscribers over the past two quarters, but the company hopes to gain one million more users through its new ad supported tier. Recent surveys reveal that 44% of Netflix users intend to cancel their subscriptions in 2019.
Reviews.org interviewed 1,000 American streaming users to assess their streaming habits. In 2022, the average American has four streaming accounts. Netflix is still the most used streaming service with almost 4/5 (77%) Americans currently subscribed. 70% of those surveyed said they use Netflix more often than any other streaming service. This is a huge advantage. Second place went to HBO Max, with only 9.91% saying that it’s their favorite.
According to Netflix subscribers, 25% plan on cancelling their subscriptions. Two-thirds of those that plan to leave stated that the streaming giant’s increasing cost is one of the reasons.
Netflix appears to have the highest average plan cost among the eight most popular streaming services in the U.S. Other reasons for cancelation include roughly one-third of respondents saying that the platform no longer has the shows they watch and 30 percent saying that they use other streaming services more.
Nearly 20 percent of people who intend to reduce their services say general inflation and rising costs of daily life are contributing factors.
Learn more on 9to5Mac.
Breitbart News reporter Lucas Nolan covers issues related to free speech, online censorship and other topics. Follow him on Twitter @LucasNolan
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