Netflix has revealed it lost subscribers for the first in 10 years at the start of 2022, sending its shares crashing. The PA news agency has looked at the challenges facing Netflix and what the company is likely to do next. The main issue for Netflix is simply that it lost viewers over the start of the year while its biggest rivals made gains. Experts at Kantar said earlier this week that around 1.5 million subscriptions have been axed in the UK since the start of 2022. When Netflix first U-turned from DVD-rental to home streaming the company had very few competitors, but has seen a flurry of competition grow in recent years.

Source: The Star April 20, 2022 12:36 UTC