Connect with us
https://tickernews.co/wp-content/uploads/2023/10/AmEx-Thought-Leaders.jpg

News

Netflix subscriber numbers fall amid cost of living pressures

Published

on

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.

Continue Reading

News

COP28: Global effort to phase out fossil fuels

Published

on

World leaders at COP28 have intensified their commitment to combat climate change by embarking on a bold initiative to phase out fossil fuels.

The United Nations climate talks, held in a virtual format due to ongoing pandemic concerns, saw representatives from nearly 200 countries coming together to address the urgent need for action on the climate crisis.

The decision to focus on ending fossil fuel use marks a significant departure from previous climate negotiations.

Countries have traditionally grappled with setting emissions reduction targets, but this year’s conference places a strong emphasis on the need to transition away from the reliance on coal, oil, and natural gas. Experts argue that this shift is critical to limiting global temperature rise and avoiding the most catastrophic effects of climate change.

Key highlights of the COP28 agreement include setting ambitious deadlines for phasing out fossil fuel subsidies, promoting renewable energy sources, and encouraging the development of green technologies.

The conference also established a fund to support developing nations in their transition away from fossil fuels, recognizing that these countries often face the greatest challenges in achieving sustainability.

Continue Reading

News

Russian police raid Moscow gay clubs

Published

on

Russian authorities conducted raids on several gay clubs in Moscow, according to reports from various media outlets.

The raids have sent shockwaves through the LGBTQ+ community and have raised concerns about the ongoing crackdown on LGBTQ+ rights in Russia.

Eyewitnesses and clubgoers describe a heavy police presence during the raids, with officers reportedly detaining patrons and staff members.

The reasons behind these raids remain unclear, but they have ignited a fierce debate on social media and within human rights organizations.

International LGBTQ+ rights advocates are calling on the Russian government to address these actions and protect the rights and safety of LGBTQ+ individuals in the country.

The raids have also drawn attention to Russia’s controversial “gay propaganda” law, which has been criticized for its potential to fuel discrimination and violence against LGBTQ+ people.

Continue Reading

News

UK delays Jeff Zucker’s Telegraph deal for inquiry

Published

on

The UK government has decided to put a hold on the proposed acquisition of The Telegraph newspaper by media mogul Jeff Zucker’s conglomerate.

According to a recent report, this decision has been made in order to conduct further investigations into potential regulatory concerns surrounding the deal.

The move comes amidst growing concerns over media consolidation and its impact on media diversity and competition.

The government aims to ensure that the acquisition would not result in a concentration of media power that could potentially stifle independent journalism and diverse voices in the industry.

This decision has sparked debates about the balance between media ownership and the preservation of media plurality in the UK. Supporters of the deal argue that it could lead to much-needed investments in The Telegraph, while critics worry about the potential for Zucker’s conglomerate to wield too much influence over the media landscape.

Continue Reading
Live Watch Ticker News Live
Advertisement

Trending Now

Copyright © 2023 The Ticker Company