iLoungeiLounge
    Facebook Twitter Instagram YouTube LinkedIn RSS
    • About Us
    • Contact Us
    • Privacy Policy
    • Terms Of Use
    Facebook Twitter Instagram YouTube LinkedIn RSS
    iLoungeiLounge
    • News
      • Apple
        • AirPlay
        • iCloud
        • iTunes
        • HealthKit
        • HomeKit
        • HomePod
        • iOS 13
        • Apple Pay
        • Apple TV
        • Siri
      • AirPods Pro
      • Apps
        • Apple Music
      • Rumors
      • Humor
      • Technology
        • CES
      • Articles
      • Web Stories
    • iPhone
      • iPhone Accessories
    • iPad
    • iPod
      • iPod Accessories
    • Apple Watch
      • Apple Watch Accessories
    • Mac
      • MacBook Air
      • MacBook Pro
    • Reviews
      • App Reviews
    • How-to
      • Ask iLounge
    • Daily Deals
    iLoungeiLounge

    Netflix Experience US Subscriber Loss as Disney and Apple Services Ramp Up

    By Samantha WileyJul 18, 2019 6:30 pm UTC

    Netflix reported a loss in 2019 second quarter earnings and new subscriber count of 2.7 million, far below the target of 5 million. It was rumored to be due to the new competition the streaming TV faces in the form of Disney, HBO and Apple.

    Apple TV and Netflix

    U.S. subscriber count dropped by 126,000, which was unexpectedly below expectations of 352,000 new subscribers. In global terms, Netflix grew their global audience to about 2.82 million, which was lower than expected (4.81 million).

    Reed Hastings, Netflix CEO reported that subscriber loss was probably due to forcing increased monthly costs for the service. The loss of The Office and Friends, Hastings mentions frees up the company to create more original content.

    There are rumors that suggest Netflix will be adopting an ad-based model to keep the fees low, but Hastings has stated that won’t be happening. The 2019 Q2 report is the first time Netflix posted a loss, but it’s optimistic that there’s still room to grow.

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    Samantha Wiley
    • Twitter

    Samantha is a senior news editor at iLounge. She has been covering the technology industry for over five years, writing about Apple, Google, and other major companies. Samantha has also worked as a reporter and editor for several other publications.

    Latest News
    How to Hide Apps in iPhone: The Complete Guide
    How to Activate Dark Mode on Snapchat
    A Cool and Futuristic Bluetooth Speaker Can Be Yours at 20% Off
    VPNs arriving on tvOS 17
    Apple AirTag instrumental in Turkey relief donation scam
    TipKit framework offers quality of life features on iOS 17
    Enjoy $80 Off on the Latest 10.2-inch iPad
    iOS 17 will introduce Friends and Family iCloud Keychain Password sharing

    iLounge logo

    iLounge is an independent resource for all things iPod, iPhone, iPad, and beyond. iPod, iPhone, iPad, iTunes, Apple TV, and the Apple logo are trademarks of Apple Inc.

    Contact Us: [email protected]

    Tel: +1302-208-9669

    iLounge, 2810 North Church Street, Wilmington, Delaware, 19802, United States.

    • Contact Us
    • Submit News
    • About Us
    • Forums
    • Privacy Policy
    • Terms Of Use
    This website is not affiliated with Apple Inc.
    iLounge © 2001 - 2023. All Rights Reserved.

    Type above and press Enter to search. Press Esc to cancel.