Netflix has been going through some tough times in recent months. The platform, which went through turbulent times, announced the loss of subscribers for the first time in the past weeks. Netflix, which has also had problems with its employees many times, is getting serious injuries with the strengthening of rival platforms such as Disney+.
Netflix cancels Wings of Fire animation production
Heavy blows continue to come to Netflix, which has recently prioritized cost-saving measures. The animation type production called Wings Of Fire, which the company has been working on with DuVernay since 2020, was canceled due to its high cost.
Netflix takes the pain of loss of subscribers from its employees!
Video streaming giant Netflix has started laying off employees after its rapid subscriber loss recently!
Netflix continues to suffer a great loss in our country due to increasing subscription prices. As part of the savings plan, he announced that he had laid off approximately 150 employees in the past few days. However, heavy reactions continue to come to the platform.
On the other hand, Disney+, which started its adventure in 2019, is one of the video streaming platforms that has increased its popularity recently. Another blow to Netflix, which is already going through tough times, has been the rise of its competitors. Other platforms continue to benefit from Netflix’s bloodbath.
Disney+ has recently increased its subscriber base, unlike Netflix. Major analysis companies think that the biggest reason for this increase is Netflix, which has been in a big loss lately. According to analyst estimates, the platform will experience 2 million drops in the second quarter. So much so that 200 thousand subscribers have already deleted their registration from Netflix and switched to Disney +.