Video streaming via Netflix, Amazon, Disney+ or one of the other of the ever-growing providers has really taken off in recent years. For many Austrians, video-on-demand services are now the preferred entertainment offer. But the good times are coming to an end and costs are getting higher with high inflation.
2023 will be a year of turmoil for the streaming industry, as exemplified by top dog Netflix. After the pandemic boom, it already struggled last year with a loss of users for the first time in its history. A hastily introduced ad-subsidized low-cost plan has flopped. In the new year – reported krone.at – one wants to deal a major blow to shared accounts to satisfy investors. But Netflix calculated without the users and its competitors…
Source: Krone
I’m Ben Stock, a journalist and author at Today Times Live. I specialize in economic news and have been working in the news industry for over five years. My experience spans from local journalism to international business reporting. In my career I’ve had the opportunity to interview some of the world’s leading economists and financial experts, giving me an insight into global trends that is unique among journalists.
