The Top 2 Reasons Consumers Cancel Streaming Services
Consumers have been hit with a deluge of options for streaming video to their televisions and mobile devices. While Netflix (NASDAQ: NFLX) was an early pioneer of the subscription video on demand market, it's now facing competition from big media companies offering their own series and films directly to consumers.
That increased competition is partially to blame for Netflix's subscriber loss in the first quarter and the expectation for even further losses in the second quarter. Understanding why subscribers cancel a streaming service may help investors get a better understanding of where Netflix and its stock price goes from here.
Here are the top two reasons subscribers cancel a streaming service, according to a recent survey from NPD Group.
Source Fool.com
