Axios Markets editor Dion Rabouin discusses Netflix’s performance in the market and says he expects economic volatility to occur in 2020.
Netflix users skewered the streaming service on Reddit recently by finding faults with its search functions, recommendations and auto-playing trailers, according to tech and entertainment news website BGR.
Continue Reading Below
Netflix has more than 158.3 million subscribers worldwide, so Netflix has a lot of eyes staring at its user interface. And like any other business, it’s hard to please everyone. But the Reddit thread, under the Television subreddit, comes at a time when streaming subscribers have more choices. In addition to Amazon Prime Video and Hulu have been joined by Disney+ and Apple TV+. Others, like HBO Max and NBCUniversal's Peacock will soon be available.
And there is only so much money that streaming TV viewers will pay to watch. A recent study said that most people do not want to spend more than $30 a month for over the top services, like Netflix.
TV CONSUMERS DON'T WANT TO PAY MORE THAN $30 FOR STREAMING SERVICES
That forecast is up from the amount it spent in 2019 — $15.3 billion — and the popular streaming service's content spending will surpass $26 billion by 2028, Variety reported Thursday citing BMO. The firm expects most of its 2020 spending to go toward creating originals.
NETFLIX EXPECTED TO SPEND $17.3b ON CONTENT IN 2020: REPORT
The company has to put up such large expenses to stay competitive with streaming rivals like Amazon, HBO, Hulu and Apple, which have also put billions into creating original content. Apple and Amazon spent a combined $12 billion on programming content in 2018, according to The Motley Fool.
Netflix TV app users aired their grievances over the streaming platform Monday, according to tech and entertainment news website BGR.
Ticker
Security
Last
Change
Change %
NFLX
NETFLIX INC.
338.11
-1.56
-0.46%
FOX Business didn’t receive a response from Netflix regarding the publicized consumer complaints, but here are the top three features that are grinding gears among its TV app users.
NETFLIX: WHAT TO KNOW ABOUT THE STREAMING GIANT
3. Limited genre search and browse options
We and our partners use cookies on this site to improve our service, perform analytics, personalize advertising, measure advertising performance, and remember website preferences.Ok