New York, USA (CWBN)_ Netflix subscriptions begin to dip, noting a slower growth, after the surge reported by the company earlier this year when the outbreak of the Covid-19 pandemic pushed everyone to isolate themselves. In fact it came to a point where Netflix had to intentionally slow down its network for fear of “breaking the internet”.
In the 3rd quarter, Netflix had about 2.2 million subscribers and made a revenue of 6.44 billion USD, exceeding projected numbers, however, with everyone binging on TV series and movies, there is reason to believe that Netflix may be running out of content, which would have considerable affect next year, especially with the company deciding to cancel several shows in an effort to reduce expenses, while the production of active productions remain stagnant due to the pandemic.
Nonetheless, company remains confident over the release of several Netflix originals next year. In the case that things don’t pick up its pace, Netflix would be obtaining licences from other companies and delaying the release of its productions, inclusive of The Witcher and Stranger Things, in order to meet the competition from companies such as Amazon Prime, HBO Max and Disney Plus.
Adding to this issues, consumers may even face a higher monthly subscription cost, whereas in Canada it is already the case.
