800,000 households cancelled their SVOD service

[What Hi-Fi?]

Netflix and Prime Video take a hit due to the UK's economic woes – but it's good news for Disney Plus.

800,000 households cancelled their SVOD service : Read more

 

[flashgordon1952]

well COVID 19 has hit every ones pockets hugely million unemployed too . Then we had the Ukraine invasion and the price of fuel and electricity . There you are folks simple economics. See we live in a world where the credit card is King. I suspect more than 80 % of house holds have at least one if not 2 credit cards now . Spending your income before you get it
So something has to go Netflix and one day Sky and Virgin contracts But see Sky contracts are based on 18 months i think . So where Netflix and Amazon went wrong is that they did not introduce 12 month contracts silly mistake that was in my view
I have here Sky (no films or sport except Formula one Netflix and Amazon and no credit card guys. Not had one of those since 2004 . And i am on a low pension too and my wife has no income at all .
To me i cannot understand ( well i can actually) see how people spend more than they earn and simply use a credit card to pay for everything .
Remember guys those rates will go up by at least 2% from all credit cards adding to the fact fuel costs through the roof and electricity so something had to go
We live in a world i must have it now and we are prayed on by the banks
I have even seen a TV advert ( thought they was banned now ) telling people get a loan from us at 500% or more per annum

Perhaps if we all was more sensible ,would not get ourselves in this position in the first place . ie holidays abroad for the kids "who are you kidding " lets be honest you want o go on that holiday abroad ?

 

[sneakygloworm]

well COVID 19 has hit every ones pockets hugely million unemployed too . Then we had the Ukraine invasion and the price of fuel and electricity . There you are folks simple economics. See we live in a world where the credit card is King. I suspect more than 80 % of house holds have at least one if not 2 credit cards now . Spending your income before you get it
So something has to go Netflix and one day Sky and Virgin contracts But see Sky contracts are based on 18 months i think . So where Netflix and Amazon went wrong is that they did not introduce 12 month contracts silly mistake that was in my view
I have here Sky (no films or sport except Formula one Netflix and Amazon and no credit card guys. Not had one of those since 2004 . And i am on a low pension too and my wife has no income at all .
To me i cannot understand ( well i can actually) see how people spend more than they earn and simply use a credit card to pay for everything .
Remember guys those rates will go up by at least 2% from all credit cards adding to the fact fuel costs through the roof and electricity so something had to go
We live in a world i must have it now and we are prayed on by the banks
I have even seen a TV advert ( thought they was banned now ) telling people get a loan from us at 500% or more per annum

Perhaps if we all was more sensible ,would not get ourselves in this position in the first place . ie holidays abroad for the kids "who are you kidding " lets be honest you want o go on that holiday abroad ?

Were prayed on by the retail sector anyway. Not just banks. BP are recording massive profits through this "fuel crisis". Large grocery stores are putting prices up. Profit, profit, profit. All at the expense of the ones that keep the economic structure afloat.

Most people (although wishing they could) will not vote with their wallets. It's just too much trouble. People who hammer credit cards do so at their own risk and it's always been this way. Almost every person rides the wave of greedy corporations and does absolutely nothing, certainly not enough to destabilise the company and make them think twice. So on we go, as we always have. The minority stamp their feet and make a statement, the rest of us sit back and pay up.

 

[flashgordon1952]

what is the answer ? TASLA owner will buy into TV and internet in a big way but he is liely to have two services one free one payed service . Still not sure if he is buying TWITTER but i can see him buying Netflix or similar company even Sky owners. he is desperate to buy something , just a question of who is next on his list now. Twitter made a huge mistake in not giving the info he wanted. But where does this leave us here in the UK ? with Netflix. "gobble gobble" yes i think he buy them out this year. he knows they are in trouble big time. , not just here but world wide and in particular the USA this is where i think he offer 2 services and three types of payed services . One a free service online and the three different services will include a full internet service with adverts. and payed service as it is today . and a yearly service on contract . This to me sounds sensible. he get Netflix cheap , buys out a internet /broadband company here and in the USA and Europe

 

[F8lee]

My question has to do with the folks who dropped Amazon Prime - I have Prime video because I pay the annual fee for Prime overall (for the free shipping, frankly, though I am enjoying "Billions" at the moment). So the real question is if those 589,000 lost subscribers actually dropped their Prime memberships for household cost savings (and maybe prevent them from buying too much on the site what with the "free shipping" temptation) and the video was an afterthought.

 

[flashgordon1952]

we both Netflix and Amazon suffering but there is worse here in the UK Amazon workers gone on strike

 

[F8lee]

we both Netflix and Amazon suffering but there is worse here in the UK Amazon workers gone on strike

So do you think perhaps a lot of folks got fed up and just dropped their Prime memberships?

 

[flashgordon1952]

So do you think perhaps a lot of folks got fed up and just dropped their Prime memberships?

Have to blame COVID 19 and the war for all this prices of petrol gone up from £1.30p a year back to well over £1,80 only last week 50p increase is about 30% plus increase this then reflected on Gas and electricity up by 10% or more for the same period
You dont have to do much maths to work out something has to go . Did you know overseas holidays dropped 15 % on 2019 . Off course those who use a credit card in all this to pay things have now just cut there throats , are about to pay something like an extra 10% on it . None of this takes into consideration in regards to pay deals Railways doctors Nurses Amazon workers BT Power workers . ie list is endless these are people wo are or about to go on strike . Most it appears to be 10% But it is a vicious war against inflation and there will be losers . Me my pensions have only gone up 2% in a year . My One Billion pennies (old pennies) is simply not enough , we the pensioners are in a far worse state than anyone , simply because we do not ever go on strike . My wife and i have not had any holiday since 2010 and never abroad .
So before people complain think of us Pensioners .
Lucky for us we do not have a credit card at all (wife never had one and my last one was in 2004) Its the buy now pay back 30% later per annum is the problem . While people use these "things" they will get themselves in trouble . ( note my ex left me with £4000 credit card bill in 2005) .
You need to see a citizens advice person if you have real problems . And why did you have to have that holiday in 2019 and pay with your credit card or is it this year you had one. yes i have heard all the excuses "oh it was for the kids ? " Actually it was you was it not "bring out the credit card" We pay back later with our £30k income , forgetting the fact have to pay things like rents , mortgage , loans , power bills water bills ,clothes travel. Wow where did the money go ? #
And our total income a year ? is a huge £15k net a year after tax (wife has no income as she is too ill to work , but is not allowed any money as she is not ill enough to receive benefits) And have the normal bills of rent (council) water electricity food and still able to run a 2003 Nissan XTRAIL 2.5 petrol ) so how do we do it, we do because we have too ( still have netflix Amazon prime and Sky Formula one and internet ) . Sorry i do not have any sympathy . Your credit card is dangerous get rid of it now . Remember guys if you have kids you get child allowance , by the way how much is it now??? "per child

 

[GSV Ethics Gradient]

I have even seen a TV advert ( thought they was banned now ) telling people get a loan from us at 500% or more per annum

I remember saying to Mrs 12th that payday loans needed regulating when they first appeared - the incumbent powers that be decreed otherwise, but soon realised that modern-day voluntary slavery was perhaps not something they should be encouraging...