Netflix – an online steaming website which is most popular around the world. It has many popular Upcoming Tv series, movies, etc. The two most-watched shows Friends and The Office on Netflix which are being pulled for Warner Media’s HBO Max in 2020 and NBCU Universal services in 2020 respectively are also expected to have a huge impact on the loss of subscribers.
To overcome the loss, Netflix is trying to fetch more and more Indian subscribers with a new plan. Netflix has come up with a new plan which is lower in cost than the previous one. Since they are making cheap for only mobile devices. The loss of subscribers was blamed on price hike and failure of its slate of original content. Netflix has remained a niche player in the country because of its high pricing in comparison with competitors like Amazon Prime Video and Hotstar. It is the most expensive streaming service in India as it faces intense competition from another local player such as Alt Balaji and Zee5.
As indicated by Netflix’s Chief Officer Greg Peters, a portable just arrangement would fit impeccably in India as the nation has very shabby telephone information plans which make an enormous group of spectators base of individuals who streams content on their cell phones. ”This quarter, Netflix essentially missed its worldwide endorser’s target. Be that as it may, it had surpassed its worldwide supporter targets, so it is untimely to state whether this is a pattern or an abnormality”, said Ross Benes expert at e-Marketer.