• iconNews
  • videos
  • entertainment
  • Home
  • News
    • UK News
    • US News
    • Australia
    • Ireland
    • World News
    • Weird News
    • Viral News
    • Sport
    • Technology
    • Science
    • True Crime
    • Travel
  • Entertainment
    • Celebrity
    • TV & Film
    • Netflix
    • Music
    • Gaming
    • TikTok
  • LAD Originals
    • Say Maaate to a Mate
    • Daily Ladness
    • Lad Files
    • UOKM8?
    • FreeToBe
    • Extinct
    • Citizen Reef
  • Advertise
  • Terms
  • Privacy & Cookies
  • LADbible Group
  • UNILAD
  • SPORTbible
  • GAMINGbible
  • Tyla
  • UNILAD Tech
  • FOODbible
  • License Our Content
  • About Us & Contact
  • Jobs
  • Latest
  • Topics A-Z
  • Authors
Facebook
Instagram
X
Threads
Snapchat
TikTok
YouTube

LAD Entertainment

YouTube

LAD Stories

Submit Your Content
Blockbuster Tweet Comes Back From The Dead To Roast Netflix For Losing Subscribers

Home> News

Published 01:11 3 May 2022 GMT+1

Blockbuster Tweet Comes Back From The Dead To Roast Netflix For Losing Subscribers

Despite Netflix being at the height of its popularity during lockdown, last month, it recorded its biggest loss in a decade.

Charisa Bossinakis

Charisa Bossinakis

A tweet of Blockbuster's has resurfaced online as Netflix subscriptions continue to plummet.

Despite Netflix being at the height of its popularity during the coronavirus lockdown, it recorded its biggest loss in a decade last month after losing 200,000 subscriptions in Q1.

To rub even more salt in the wound, a Blockbuster tweet is circulating online, absolutely trolling the subscription streaming service and production company.

In 2011, a few years before closure, the home movie and video game rental services provider tweeted: “Tweet why you’re leaving Netflix. The top three most creative tweets using #GoodbyeNetflix will win a 1-year subscription to Blockbuster!”

But now, in the face of Netflix’s downfall, the tweet has re-emerged, with many users commenting that Blockbuster foreshadowed its demise.

Advert

One person wrote: “Lol they knew back then”

Another commented: “I would rather pay late fees than pay the monthly Netflix costs.”

A third said: “This aged like very fine wine.”

Aside from surging prices and the service struggling to compete with the other streaming platform, Netflix had also lost 700,000 subscribers following its decision to suspend service in Russia to denounce the country's invasion of Ukraine.

The streaming giant also gained another 500,000 subscribers elsewhere during the past quarter, resulting in their 200,000 loss.

Advert

Alamy

Netflix has responded to its loss of customers by enforcing stricter password-sharing regulations to ensure their subscriptions go back up.

Despite the current dwindling numbers, Netflix CFO Spence Newman predicts subscription growth will increase later this year.

He said: "I want to make sure there's not a read-through from negative two million paid net adds in Q2 that there's going to be a steady strip-down of negative adds.

"We're not expecting our revenue growth to reaccelerate before the end of the year, but we will grow revenue, and there will be paid net add growth. 

Advert

"As we get to the back half of the year, Ted talked about the stronger slate, we get further away from some of the big price increases, we get into a stronger seasonal period, so I just want to make sure that's understood as you think about the full year even though we're not providing full-year guidance."

Earlier this year, it was reported that Netflix began combating password sharing in countries including Chile, Costa Rica and Peru.

Featured Image Credit: Alamy

Topics: Netflix, Twitter, Social Media

Charisa Bossinakis
Charisa Bossinakis

Charisa Bossinakis is an Associative Journalist at LADbible. Charisa has worked across various media platforms including, print, digital, radio and podcasting while maintaining the highest regard for quality work and integrity. She also covered everything from breaking news, to pop culture, entertainment and politics and is part of the editorial team for LADbible.

X

@CBossinakis

Advert

Advert

Advert

Choose your content:

4 hours ago
6 hours ago
7 hours ago
  • 4 hours ago

    Jurors reach partial verdict in Sean 'Diddy' Combs sex-trafficking trial

    The jury reached a partial verdict after more than 12 hours of deliberations, following weeks of disturbing testimony.

    News
  • 6 hours ago

    Archaeologists make 90 metre long Ancient Roman discovery buried on the ocean floor

    Divers excavated something in Italy that could reveal Roman-era secrets

    News
  • 6 hours ago

    'Worst shark attack ever' saw desperate crew feed dead to sharks as they circled in bloodbath

    If you've seen Jaws, then you'll know about this

    News
  • 7 hours ago

    'Infuriated' swingers speak out on the impact Diddy's 'freak-off' parties had on community

    Sean 'Diddy' Combs' lawyers caused an outcry in the swinging community

    News
  • Lawyer of British man with 37 followers jailed for 10 years over single deleted tweet speaks out about arrest
  • Viewers are all making the same comment after Mike Tyson loses Netflix fight to Jake Paul
  • Netflix viewers spot huge Squid Game 'mistake' they think is actually hidden hint to season three
  • Jeremy Clarkson hits back at vegan troll after being mocked for serious heart issue