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Netflix subscriber numbers fall amid cost of living pressures

Published

9 months ago

August 28, 2023

ticker NEWS

Netflix’s attempt to boost subscriber numbers through a crackdown on password sharing has seemingly backfired, as recent figures reveal a three percent decline in its subscriber base in Australia.

According to research firm Telsyte’s annual industry survey, the number of Netflix subscribers dropped to 6.1 million over the past year, representing a loss of around 189,000 subscribers.

The initiative, introduced in May, prevented multiple users in different locations from sharing a single account. Instead, Netflix introduced a new payment plan option allowing users to add an “extra member” to standard or premium plans for an additional $7.99 per month.

However, the move triggered backlash on social media, with many customers expressing frustration and even threatening to cancel their accounts.

Despite this decline, Netflix remains the most popular streaming service in Australia. Other services, such as Paramount+ and Foxtel’s Binge, experienced growth in subscriber numbers, up 41 percent and 22 percent respectively over the past year.

Amazon Prime Video, Kayo Sports, Disney+, and Stan also reported subscriber increases ranging from one to two percent.

Several streaming platforms, including Stan and Disney+, have decided to eliminate free trials. This shift comes as streaming services have become pricier since their inception in Australia, with Netflix being among the first to raise its prices in November 2021.

Telsyte’s report revealed that the subscription streaming market in Australia reached a value of $2.7 billion in the year leading up to June 30, marking a 14 percent increase compared to the previous year.

Despite the challenges posed by shifting consumer preferences and pricing changes, the streaming market continues to exhibit growth.

News

Why Australia is becoming the new home of the Hollywood blockbuster

Published

8 hours ago

May 17, 2024

Nathan Langridge

Australia’s multimillion-dollar campaign to attract Hollywood productions to its shores appears to be paying off.

The allure of Australia lies not only in its picturesque locations but also in its competitive financial incentives.

The government offers generous rebates and tax breaks to international productions, making it an attractive proposition for filmmakers looking to maximise their budgets.

Despite the recent intake of Hollywood productions down under such as ‘The Fall Guy’ and ‘Furiosa: A Mad Max Saga’, Aussie independents are still finding the space to carve their own creative path.

Rob Fantozzi joined the program to discuss the latest in Hollywood, and showcased his own upcoming project – ‘Omerta‘. #featured

News

Portal between countries shut down after international flashing

Published

12 hours ago

May 17, 2024

Nathan Langridge

An international video portal has been forced to shut down after an OnlyFans model reportedly flashed passersby from across the globe.

On this episode of Ahron and Mike Live – Which would you prefer; pay rise or work perks, an international portal closes, the military reveal a submarine stingray and are you on a top or bottom burger bun?

Ticker’s Ahron Young & Mike Loder discuss. #featured #trending

News

U.S. home prices surge 47%

Published

18 hours ago

May 17, 2024

ticker NEWS

American home prices are rising at faster pace now than in the last 20-years.

A recent analysis reveals a jaw dropping surge in the cost of American homes.

Since the start of 2020, U.S. home prices have surged 47% easily outstripping the gains seen in recent decades.

On top of that, home price growth so far this decade is on the verge of surpassing all the growth seen in the 2000s.

Many experts believe this decade’s housing market frenzy was ignited by a perfect storm — the onset of the COVID-19 pandemic triggering an unprecedented rush among buyers.

Tom Hutchens, the Executive Vice President of Production at Angel Oak Mortgage Solutions joins Veronica Dudo to discuss.

#IN AMERICA TODAY #economy #housing #housingmarket #homeprices #homesales #inflation #trending