For years now, the value proposition offered by Netflix has been absolutely incredible. Even with a string of price increases over the years, the ability to enjoy a wildly large library of quality content for as little as $8.99 remains a remarkable deal. In turn, it’s no surprise that Netflix’s subscriber base, over the last three years alone, jumped from 86 million to 158 million.
The success of Netflix, however, spawned a new battleground for consumer attention in the media space. It’s certainly an interesting development, especially given that Netflix not too long ago was on a path towards total streaming domination. Today, however, Netflix is facing stiff competition on all fronts as companies like Amazon, HBO, Disney, Hulu, and even Apple are trying to slowly but surely chip away at Netflix’s subscriber base.
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Netflix could lose millions of subscribers as rivals continue to pick up steam originally appeared on BGR.com on Tue, 10 Dec 2019 at 19:37:11 EDT. Please see our terms for use of feeds.
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