The world’s most widely used streaming service, Netflix is defined to reduce as much as 700,000 subscribers by the conclusion of 2023.The UK user base dropped from 14.2 million to 13.7 million in 2022. It is known that this will be because of the current price of living crisis hitting the UK.The newly introduced
is yet to make an impression on users with 500,000 viewers switching off in 2022. Its lowest membership is £4.99 each month, but this does not may actually have already been successful in aiding Netflix to retain its subscribers.
As the people cuts back on spending, research firm Ampere Analysis predicts that Netflix will come back to growth in 2024 with regards to’s said that great britain economy may also see an uplift.“Given the wider economic pressures great britain is facing I’m not expecting Netflix to return to growth in 2023,” says Richard Broughton, director at Ampere Analysis. “Our base assumption is Netflix moves back in growth with all the UK economy, which can be apt to be 2024.”Other streaming services, however, have observed growth with