Netflix to lose 4 million subscribers in the year 2020?

Apparently, Netflix would have to fight tough in OTT servicing market as reportedly, streaming giant may lose four million subscribers by next year due to a sudden increase in number of cheaper streaming services. Kw all about different streaming services arriving next year and how y might affect Netflix.

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Netflix subscriber update in 2020

Reportedly, Netflix may lose some of its subscriber counts in 2020. Until w, Netflix didn't have any issues with respect to gaining or maintaining subscribers. Although re was a slight decrease in subscriber count by mid of 2019, Netflix's subscriber count h gained momentum in third quarter of this year. In September, Netflix publicly anunced that it h approximately 160 million subscribers all over world. Out of which, 60 million subscribers are based in US. subscriber count of US could be affected with a drop by 4 million in 2020. 

When Laura Martin from Needham & Company was asked about subscriber drop prediction in an interview, Martin said that this drop could happen only because Netflix is unable to compete for its prices with new streaming platforms like Disney+, upcoming NBC Peacock service, and Apple TV+. She ded that this drop can only be avoided if Netflix drops price of ir pack to compete with newer streaming services. If Netflix drops its pack prices n it could introduce -supported tier as a backup option to compensate with loss it would suffer for decreasing pack prices.

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All about Netflix's long-term subscription plans

Netflix has started toying around with long-term subscription plans in India with up to 12-month validity. Netflix is also testing relatively shorter 3-month and 6-month subscription plans in India. If implemented, se plans may save subscribers anywhere between 20 per cent to 50 per cent depending on plan y opt for. Netflix currently has such subscription plans anywhere else in world. 

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