As competition mounts, Netflix faces shrinking market share, report says

  • 📰 latimes
  • ⏱ Reading Time:
  • 28 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 82%

United States News News

United States United States Latest News,United States United States Headlines

Netflix's global digital audience market share for original series dropped below 50%, according to Parrot Analytics. The streamer is expanding into podcasts and gaming.

That’s the takeaway ofNetflix’s share of global audience demand of digital original series dropped to below 50% for the first time ever, according to data released by West Hollywood-based Parrot Analytics on Tuesday.

Global audience demand share for Netflix digital original series was 48.3% in the second quarter, down from 54.9% a year ago, Parrot Analytics said. Disney+'s global audience demand share increased to 7.3% in the second quarter, up from 6%, Parrot Analytics found. The company’s data focuses on digital original series and does not factor in licensed shows like “Grey’s Anatomy” or movies.

Netflix declined to comment on Parrot’s data. The streamer has been heavily investing in content, significantly increasing the number of

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

horrible

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 11. in US

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

UBS reports 63% jump in net profit to $2 billion, helped by 'favorable' market conditionsSwiss banking giant UBS has beaten second-quarter earnings expectations, reporting net profit attributable to shareholders of $2 billion. good islanders playoff run definitely helped DanJFriedman UBSArena maybe you can give us some free beers on opening night? 😘
Source: CNBC - 🏆 12. / 72 Read more »