Netflix subscribers cancel memberships in response to writers’ strike controversy

Although Netflix lost subscribers in 2022 due to the cost of living crisis, CEO Ted Sarandos has said that the streaming platform can “serve our members better than most” during the strike, thanks to a large base of upcoming shows and films from around the world. It is unclear how the strike will impact Netflix’s revenue streams and subscriber base in the long run. While the rumour about the company’s involvement in the strike may not have caused a tidal wave of cancellations yet, a delay in the return of popular shows could be a tipping point for some subscribers.