After a great service and usage of the OTT Giant Netflix now faces a tough Situation by major dropping of subscribers.
The Statistics says that it has lost almost a million of Subscribers between the month of April And July. The subscribers are quitting the OTT Services in a vast and rapid Way which has accelerated the downfall of the Platform.
But for Netflix this is not a matter of getting feared, there are many other OTT platform to compete and focusing about the content. As their CEO Reed Hastings says “if there was a single thing, we might say Stranger Things”. The new season of the “Stranger Things” has been a outstanding success, and may have helped to regain the Netflix’s Subscribers.
The OTT Giant has reported its first subscribers fall since 2011 in April. which made industry with some job cuts and a sharp drops in its prices.
This was the biggest in the OTT industry. Not only in United States , Canada , Europe got the highest numbers of cancellations in the quarters. it is a small change for Netflix, which enjoyed years of seemingly unstoppable growth, as it revolutionized the way people around the world consumed entertainment.
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