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Netflix subscriber growth reportedly declines over rival competition

An overview of the subscribers popularity from Popular streaming platform, Netflix showed a significant decline owning to the fact that severe competition from Disney, Amazon and other Platform eat into users subscription share.

New subscriber additions into the platform declined to two million below Netflix’s forecast.

Also, paid memberships grew less than expected to 208 million, Netflix said in its quarterly earnings release.

“We believe paid membership growth slowed due to the big Covid-19 pull forward in 2020 and a lighter content slate in the first half of this year, due to Covid-19 production delays,” Netflix executives said in the release.

 

 

 

 

 

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