Netflix could lose profits and subscribers before implementing its new pricing plans and usage policies in 2023
2022 has been a difficult year for Netflix. The platform of series and films spoiled for many has had to face the controversy generated by its latest decisions.
Earlier this year there was a campaign against Netflix because the company reported a loss of users in which I reproach the same customers for sharing their account.
As its market share declines and that of other platforms like Apple TV+ grows, the entertainment giant continues to seek alternatives to increase the price of your subscriptions without users starting a negative trend again that affects their profits.
However, it seems that nothing is working for the platform, because despite the fact that it has released new series and seasons that add value to its catalog, users are still against their plans, and their decision to leave the service. perhaps the end of this story.
Users in the US say they will cancel their Netflix subscription before 2023
Netflix has started to implement some strategies so that users stop sharing their accounts and this does not mean a loss of revenue that would affect the investment to improve the service.
The last of these plans is represented with an additional charge so that the user can use his account when he is not at home. Yes, user will have to pay extra if they want access your own account somewhere other than home.
This is forcing thousands of users to consider abandoning the platform and this is reported by a survey conducted in the United States by Reviews.org, in which 1 out of 4 subscribers out of 1,000 Americans surveyed expressed an intention to cancel your subscription this year.
The loss would be a blow to Netflix and could trigger the fall from his throne in the streaming market.
“Our survey found that 1 in 4 subscribers plan to leave Netflix this year. That could represent over 18 million US subscribers and approximately $272 million in lost subscription revenue for the streaming company.”
Why do users no longer want to pay for Netflix?
The reason for this critical decision by US users is due to the Dear which Netflix currently maintains.
Added to this, the intentions to continue extracting money from the pockets of its customers and add new policies that restrict account sharing This is what appears to be the decision that ends the future of the platform.
Another reason users in the US have commented on their lack of interest in continuing to pay for Netflix is because of the Contents.
Although it has series like Stranger Things or Cobra Kai, the end of these is approaching and users have found on other platforms series or films that are no longer available on Netflix.
“Netflix’s high cost is contributing to subscriber churn. Meanwhile, many current subscribers are turning to other streaming services for the content they want to watch. HBO Max and Disney+ are rapidly gaining on Netflix, but systems of communication of the media groups really catch the titan of Silicon Valley?
US streaming service prices collected and displayed by Reviews.org
There are many alternatives that could claim the Netflix crown, and options like Amazon Prime Video, which has a large catalog, or Disney+, which has been able to plan price increases and choose its strategies to gain subscribers. they are the best candidates to be the new number 1 in streaming.
What do you think? doyou will still be paying netflix next year in which the implementation of the new changes is envisaged?
