Well isn’t that a shame….. People are dumping Netflix like they did Bud Light after they used a transgender (Dylan Mulvaney) to market their pisswater beer. Now Netflix is getting the Bud Light treat, as the rate of cancelations as more than tripled since CEO Reed Hastings not only donated to do, but endorsed Comrade Kamala Harris… What a shame.
In the “old days”, before streaming, Netflix was mainly known for contributing to the piracy of movies when they mailed out DVDs to people, then got it mailed back and send out more DVDs…
Netflix saw cancellations spike after co-founder Reed Hastings said he was backing Kamala Harris.
Hastings, still serving as the streaming giant’s chairman and the face of the company, said he had donated $7 million to the Democratic candidate’s campaign as well.
The rate of cancellations – known as churn – nearly tripled in the US after Hastings’ endorsement on July 22, according to research firm Antenna.
Netflix, the market leader by some margin – with 280 customers globally and 84 million in America – typically enjoys the lowest churn rate in the industry.
In July, US customers canceled their subscriptions at a rate of 2.8 percent, the highest monthly figure since February. That meant a loss of more than 2 million subscribers.
The cancellations coincided with Donald Trump supporters calling for conservatives to ax their subscriptions in response to Hastings backing Harris.