No Result
View All Result
  • Business
  • National
  • World
  • Sports
  • Entertainment
  • Tech
  • Stories
  • PSL 8
  • Business
  • National
  • World
  • Sports
  • Entertainment
  • Tech
  • Stories
  • PSL 8
No Result
View All Result
No Result
View All Result

Netflix no longer popular streaming site?

Zain Aijaz by Zain Aijaz
June 25, 2022
in Entertainment, Latest News, Top News, World
Reading Time: 1 min read
Share on FacebookShare on Twitter

The surging global inflation and economic crisis have also affected the video streaming giant Netflix. The company has laid off four per cent of its employees, firing over 300 people. The decision was taken due to a continuous decline in their subscribers.

There are several reasons why Netflix has lost a huge viewership. Despite being once such a popular movie & show streaming platform, Netflix lost over 200,000 subscribers in 2022. The condition is set to worsen in July as two million people are likely to unsubscribe.

Netflix has faced major competition as every other media house now has its own streaming platform. Many media companies have also withdrawn their content from Netflix. Moreover, it hiked prices in US and Canada have also backfired.

The account-sharing service has also slowed its growth as 100 million households across the world are using Netflix for free.

Earlier in April, Netflix had fired 150 employees. A large portion of affected employees belongs from the United States. A spokesperson from the streaming platform said that the decision was taken to cope with rising costs and slow revenue growth.

He added that the company appreciates the effort of employees and would support them in the transition period.

Related

Zain Aijaz

Zain Aijaz

Zain is a media student and a writer by passion. He is a certified creative writer from Wesleyan University and enthusiastically writes on non-fiction and political satire. He is vastly experienced in the field of theatre and has served as a theatre mentor across different institutions. Currently, he is a contributor at The Upcut and can be reached at zainaijazdehlvi@gmail.com

Related Posts

Pakistani rupee reaches to historic low of Rs276 against US dollar in interbank market
Business

Pakistani rupee reaches to historic low of Rs276 against US dollar in interbank market

February 3, 2023
Professor becomes student; Mohammad Hafeez takes admission in Karachi University physical education department
Latest News

Professor becomes student; Mohammad Hafeez takes admission in Karachi University physical education department

February 3, 2023
PSL 8 Schedule
Latest News

PCB introduces season passes for weekday HBL PSL 8 matches

February 3, 2023

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

TOP NEWS

Pakistani rupee reaches to historic low of Rs276 against US dollar in interbank market

Pakistani rupee reaches to historic low of Rs276 against US dollar in interbank market

by Zain Aijaz
February 3, 2023

KARACHI: With each passing day, the Pakistani rupee is losing its value in the currency market. Not only that but...

Professor becomes student; Mohammad Hafeez takes admission in Karachi University physical education department

Professor becomes student; Mohammad Hafeez takes admission in Karachi University physical education department

by Zain Aijaz
February 3, 2023

Former captain of the Pakistan men’s national cricket team Mohammad Hafeez, who is called a professor of cricket has now...

PSL 8 Schedule

PCB introduces season passes for weekday HBL PSL 8 matches

by Press Release
February 3, 2023

Tickets will go online on Saturday at 1100 at cricket.bookme.pk; physical tickets to be available during the tournament from box...

New boys on the block: Six young stars to watch out for in HBL PSL 8

New boys on the block: Six young stars to watch out for in HBL PSL 8

by Press Release
February 3, 2023

LAHORE: The HBL Pakistan Super League has served as a launching pad for several talented youngsters over the years as...

The Upcut is a news platform that brings you the latest news, developments from all walks of life, from all over the world. We cover Business, news from Pakistan and rest of the world, Sports, and Entertainment. You can also read Tech Reviews and How-To Guides for simple solutions and dailylife hacks.

BUSINESS   |   NATIONAL   |   WORLD   |   SPORTS   |   ENTERTAINMENT   |   TECH   |   HOW-TO GUIDES

  • Home
  • About Us
  • Privacy Policy
  • Editorial Guidelines
  • Contact Us
  • Stories

Copyright © 2022 The Upcut. All rights reserved.

No Result
View All Result
  • Business
  • National
  • World
  • Sports
  • Entertainment
  • Tech
  • Stories
  • PSL 8

Copyright © 2022 The Upcut. All rights reserved.