Netflix Could Reportedly Lose $935 Million Every Year Because of HBO Max & NBCUniversal’s New Streaming Service


By

on

in

, ,

Two of Netflix’s biggest shows are about to leave the services between now and early 2021. Now a new study says 1 in 10 Netflix subscribers say they will cancel when The Office leaves Netflix.

Now according to research from InMyArea Research, Netflix could lose $935 million every year from subscribers leaving for other services when Friends and The Office leave Netflix.

“Our study finds that 10 percent of Netflix U.S. subscribers (six million subscribers) say they will cancel Netflix if The Office was removed from the streaming service. Based on Netflix’s most popular subscription plan, priced at $12.99 per month, this equates to $935 million in annual revenue.” InMyArea Research said on their website.

The good news for Netflix is typically most people who say they are going to leave won’t when the time comes. The bad news is many will cancel and move on to other services.

Netflix has aggressively been adding to their original programming to offset any potential loses when companies like Disney and NBCUniversal pull their content back. Hit shows like Stranger Things have helped Netflix stand out from other streaming services. Now the question is will it be enough as more content companies pull their content back from Netflix.

Content leaving Netflix is not new. Recently Fox pulled most of their content off of Netflix and moved it to Hulu a service that at the time it partly owned. Disney has also announced plans to pull content back from Netflix and movie it over to the new Disney+ service over time. Even with this new Netflix subscriber numbers keep going up.

Do you plan to leave Netflix after The Office and Friends leave? Leave us a comment and let us know your plans for Netflix going forward.

Did you know we have a YouTube Channel? Every week we have a live Cord Cutting Q&A, and weekly Cord Cutting recap shows exclusively on our YouTube Channel!

Please follow us on Facebook and Twitter for more news, tips, and reviews. Need cord cutting tech support? Join our Cord Cutting Tech Support Facebook Group for help.

Disclaimer: To address the growing use of ad blockers we now use affiliate links to sites like http://Amazon.com, streaming services, and others. Affiliate links help sites like Cord Cutters News, stay open. Affiliate links cost you nothing but help me support my family. We do not allow paid reviews on this site. As an Amazon Associate I earn from qualifying purchases.

Subscribe to Our Newsletter

* indicates required

Please select all the ways you would like to hear from :

You can unsubscribe at any time by clicking the link in the footer of our emails. For information about our privacy practices, please visit our website.

We use Mailchimp as our marketing platform. By clicking below to subscribe, you acknowledge that your information will be transferred to Mailchimp for processing. Learn more about Mailchimp’s privacy practices here.