Netflix lost over 133,000 US subscribers in the second quarter of 2019. Mass media is not telling you the main reason why this is happening because it is part of the problem.
By Vigilant Citizen
Netflix’s 2019 second-quarter results were nothing less than disastrous. The streaming company saw its first major loss of US subscribers (over 130,000 cancellations) while the number of international subscriptions barely reached 50% of what was forecast (2.7 million new paid customers). Stocks dropped by more than 10% immediately after the release of the report.
Several reasons were cited for the loss of US subscribers: The price hike from $10.99 to $12.99, competition from other streaming services, the arrival of new streaming services (WarnerMedia, Disney, and Apple) and the stagnation of Netflix’s content library.
While these reasons can explain some of the subscriber loss, people at Netflix and mass media sources alike appear to be purposely ignoring the elephant in the room: Lots of people do not agree with or relate to the content that is sold on Netflix. Furthermore, many find its contents to be toxic and harmful to viewers, especially the younger ones. This is especially evident when one looks at the series created by Netflix.
Netflix Original Content is Terrible