Although netflix has more paid subscribers than other streaming services, it only garnered a far fewer 9 votes compared to hbo max’s 17 votes. Netflix isn’t even clearly ahead of apple tv+, a service that’s only been around for two years and has a meager list of content.
It’s also in line with netflix’s flat second-quarter results. Last quarter, netflix added only 1.5 million subscribers worldwide, while losing 430,000 subscribers in the us and canada.
Why is netflix plummeting like this? Another reason is that the growth rate is slowing as the number of subscribers reaches 209 million. In particular, after more than a year of rapid subscriber growth due to the covid-19 pandemic, there are no potential customers left in major markets. But you may also suspect other reasons that don’t readily appear in quarterly earnings reports.
Intensifying Content Competition
Let’s start with the obvious. Netflix’s alternatives are much richer than they were a few years ago. Sure, netflix’s catalog is powerful enough to Mauritius Email List put most of its competitors down, but the content people want to see is well-distributed across a number of services, including hbo max, disney+, apple tv+ and peacock.
Take, for example, the 100 most popular movies and tv shows in america right now, as ranked by justwatch. Ten of these are on netflix, but only five are exclusives.
Today The Most Popular Programs On Tv Are Rarely
Exclusive content on pay cable tv, and deciding CH Leads which service to pay for each month isn’t as simple as it used to be.
With the emergence of numerous streaming services, netflix is no longer the standard service that users have to adhere to. And even more so if netflix doesn’t consistently deliver must-see shows. Netflix, too, knows it hasn’t had any recent hits, and has revealed that content like the witcher and sex education will give the service a boost later this year.
Problem of personality
Content isn’t the only problem. Personally, I never feel like there’s nothing to watch in netflix’s vast catalog. However, as I turn my attention to other services, I also feel that the passion for netflix is cooling off. Wanting something different.