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The Guardian: Netflix losses in Britain continue in 2023 amid deepening crisis

British newspaper “The Guardian” reported that the “Netflix” network is expected to suffer a second straight year of decline in subscribers in the United Kingdom in 2023 amid the deepening cost-of-living crisis.

The world’s biggest streaming service is expected to lose around 500,000 subscribers in the UK by 2022 and another 200,000 this year as budget-conscious consumers cut back on spending.

After reporting the first drop in subscriber numbers worldwide in a decade earlier this year, the newspaper pointed out that it had cut staff and become more disciplined with its annual content budget of $17bn (£14bn). , its user base in the UK will fall from 14.2 million to 13.7 million this year, according to research firm Amp Analysis.

The most popular service in the UK, it is expected to be the only major operator to lose subscribers in 2022. In 2021, the company gained 800,000 subscribers, the lowest since its launch in the UK in 2012, as consumers approached Netflix’s peak. .

The newspaper pointed out that Disney+, the latest network to launch in the UK in early 2020, was the only major service to maintain significant momentum. year..

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