experiencing a significant rise during the pandemic period. Netflixannounced a few days ago that it lost subscribers for the first time in the last ten years. in the last quarter more than 200 thousand The company, which was losing subscribers, decided to curb a few projects.
According to a report, the streaming giant has canceled many of its shows that it was in development. In particular, the company animation department has been the most affected by the problems since the beginning of the year. So, will this cause an increase in subscriber loss?
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Netflix cancels Bright 2 starring Will Smith
Streaming giant Netflix, while trying to increase the number of subscribers, experienced a significant decrease in the first quarter of 2022. The company, which lost more than 200 thousand subscribers, paid before June 2022 2 million He thinks he will lose more customers.
Netflix, subscriber loss It took action to combat financial instability after the collapse of the capital and the fall in value of its shares. This means the cancellation of multiple projects under development. According to a report, Netflix’s Phil Rynda, Creative Leadership and Development Director for Original Animationwas laid off, along with several of its employees.
The platform was primarily critically acclaimed. Jeff Smithcomic book Bonnetcanceled the long-awaited adaptation of . To these projects Roald Dahl’s ‘The TwistAn animated adaptation of ‘ and Lauren Faust’s ‘Toil and Trouble‘ has also been added. Besides all this Will SmithThe sequel to the movie starring bright 2It is claimed that ‘ and many movies have also been cancelled.
There is no definite information about how many Netflix series and movies have been canceled or will be. However, the company Stranger Things, The Witcher and Squid Game The most important hits like are safe. Netflix CEO Reed Hastings His statement was, ‘hosting everyone’s favorite show’ in its place ‘to do what the audience wants to see’ It shows what you want.
So, what do you think about this step of Netflix? Can the company increase its subscriber count again? You can share your views in the comments or on the SDN Forum.