this post was submitted on 21 Jul 2023
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Netflix just dumped one of those lower tiers you mentioned (though existing subscribers at that tier are currently grandfathered in). The same article I linked to points out that they also aren’t seeing the uptake for their ad supported tier they’d hoped for. And they’re already coaching that next quarters guidance will be down further. I expect more churn as Netflix quality continues to decline and competition and prices continue to increase.
I'm curious to see how streaming services are going to be affected by the strikes. Theoretically down the road they'll reach a point for a while where they have very little new content to release and will be fighting each other for the rights to existing content.