Win Big Media CEO Phillip Stutts argues volatile market factors have American consumers prioritizing price over brand loyalty.
"Netflix was going to project 2.5 million new subscribers, had a 200,000 subscriber loss. We actually told our clients in February that we saw this coming," Stutts said.
Win Big Media CEO Phillip Stutts says America's"angst-ridden consumer" is choosing price over brand loyalty during a volatile market. "I think there will be many more streaming services that are going to see cuts in the economy, and it's going to be a problem," he continued., many Americans signed up for services they may now find nonessential.
"They've finally just said, 'You know, I've got to make some budget cuts. This is $7 or $10 or $20 a month. I can cut three of these and improve my budget situation,'" Stutts explained. "And that's what we're seeing."
Österreich Neuesten Nachrichten, Österreich Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Recreational weed sales in NJ beat expectations on first dayMore than 12,000 customers spent nearly $1.9 million on recreational cannabis last Thursday, the first day of legal sales to any adult in New Jersey, the state’s Cannabis Regulatory Commission said Wednesday.
Weiterlesen »
3 SoCal schools top '2022 Best High Schools in America' reportThree Southern California schools ranked high in an annual report ranking America's top high schools.
Weiterlesen »
Gold Technical Analysis: Prices Fall to Lowest in Two MonthsGold prices fell strongly towards the support level of $ 1881 an ounce, coinciding with a sharp rise in the price of the US dollar
Weiterlesen »
7 standout Houston ZIP codes for home sales over the last decadeHouston homes are selling at their highest prices ever. Here's what local ZIP code data tells us.
Weiterlesen »
EUR/USD Forex Signal: Further Sell-Off Likely on EU RisksThe EUR/USD price crashed to the lowest level in five years as concerns about the Eurozone economy continued.
Weiterlesen »