Netflix is facing tough challenges from this streaming giant. Details here

Netflix has been facing tough competition in the UK from BBC iPlayer which has also outpaced its rivals such as ITVX and Channel 4 in terms of growth, as per a report.

BBC Content Boss Charlotte Moore in an interview with The Hollywood Reporter claimed that the viewing growth of BBC iPlayer has been more than that of Netflix, ITVX and Channel 4 in the UK.

BBC iPlayer has also become the VOD platform with the fastest growth in the UK, as per the report in The Hollywood Reporter.


Netflix on October 17 said it added more than five million subscribers in the recently ended quarter but signaled slowing growth. The streaming juggernaut said it ended September with 282.7 million subscribers, reporting a profit of $2.4 billion on revenue that jumped 15 percent to $9.8 billion compared with the same period a year earlier.

Netflix said it continued to build up its US advertising business, which is on track to launch in Canada by the end of this year and in other countries in 2025.

Shows set for release at Netflix this quarter include a second season of global hit "Squid Game."

The dystopian Korean horror tale about a fictional, deadly game show remains by far the most-watched Netflix TV series ever.

Netflix this quarter will also stream a boxing match-up between Mike Tyson and Jake Paul as well as a pair of US National Football League games on Christmas.

The streamer said that membership on the ads plan grew 35 percent quarter-over-quarter and accounted for over half of sign-ups in countries where it's available.

FAQs

Q1. What are streaming platforms in the UK?
A1. BBC iPlayer, Netflix, ITVX and Channel 4 are main streaming platforms in the UK.

Q2. What is the next show in Netflix?
A2. Shows set for release at Netflix this quarter include a second season of global hit "Squid Game."