TECH NEWS: Netflix is losing its market share
1 min read
1 min read
Only two years ago, Netflix accounted for 64.6% of the streaming market share but the 2021 Q1 report shows a 14.4% drop.
But are we, in fact, witnessing the death of this disruptor? The data and the news surrounding Netflix just reflect that once one of a few players in the streaming world is now in a battle for audience attention with numerous other streaming service providers, such as HBO Max, Peacock, Apple TV+, Disney+, Paramount+, Discovery+, Amazon, and Hulu.
And although it’s hard to imagine the catchphrase “Netflix and chill” could become “WandaVision and chill”, it’s natural to see these fluctuations in market share as more people than ever turn to watching videos online and Netflix is not the only place they turn to.
Resources:
https://www.wired.com/story/netflix-is-losing-its-cool/
You are currently viewing a placeholder content from Default. To access the actual content, click the button below. Please note that doing so will share data with third-party providers.
More InformationInput your email to get the latest news in your inbox. We promise not to spam.
