About 40% of Americans have cut back on streaming services in the last three months because of financial concerns, according to a recent report

Americans are quitting subscription streaming services in droves as the cost of living continues to climb, a recent report has found.

Streaming services such as Netflix and Hulu have become increasingly popular in recent years, but Deloitte’s 2026 Digital Media Trends report, released late last month, shows how Americans are getting frustrated over the cost to have their favorite movies and TV shows at the click of a button.

“As the cost of everyday essentials like food and housing remain high, many consumers are reevaluating their budgets and cutting back on nonessential expenditures,” Deloitte said in its survey results. “At the same time, prices for media and entertainment services continue to climb.”

  • finallymadeanaccount@lemmy.world
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    26 minutes ago

    I thought it would’ve been because they keep getting less value for money, since the services keep raising prices and fisting more ads into people.

  • Tronn4@lemmy.world
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    5 hours ago

    Next report: “Netflix gains 10 million new subs, price increases, Netflix buys Iran”

  • network_switch@lemmy.ml
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    6 hours ago

    I don’t care how much they try to make TV show seasons into events, they’ll never really be events like in the past. Same with movies. Like if movies aren’t hitting event status anymore, TV sure isn’t and that’s the key to this. FOMO for popular traditional media (Im including stuff like Netflix here as a successor to TV) looks way down to me compared to the pre-mainstream internet culture era.

    The last huzzahs for event FOMO media to me seemed like Breaking Bad season 5, Game of Thrones, and Endgame. After that it’s been a rapid progression to everyone watching/listening/reading whatever they want at whatever pace they want. I don’t need to be rolling media subscriptions every month. Some months I’ll be busy doing outdoor sports or gardening. Then some months I’ll sub and bing stuff. Then off to something else. Thing for me is the amount of months I want to binge TV/movies has been in decline for years now

    Social media also for me broke my ability to have any sort of idealism towards performers. Actors are stupid assholes. They’re athletes with better vocabulary and image maintenance. I used to watch a lot of boxing and MMA, no surprise that these guys are incredibly stupid and often terrible people. Athletes and wealthy/rich artist/performers are leftist by word and image, conservative to hyper conservative where it actually really matters. Not even just the super rich ones, the ones with power like film societies that run big film festivals and art galleries. Leftist persona, operationally conservative, in a voting booth conservative

    • canthangmightstain@lemmy.today
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      4 hours ago

      In addition to the curtain being torn away “cultural events” like GoT would require people to feel connected and everyone in charge seems to be doing their level best to tear us all apart.

      • Pman@lemmy.org
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        3 hours ago

        That is by design and helps to consolidat control until it doesn’t.

  • dhork@lemmy.world
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    13 hours ago

    Has Netflix tried not going to Starbucks as often, or not eating Avocado Toast?

    • TwilitSky@lemmy.world
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      10 hours ago

      Have you seen their job ads? My job which is in business operations is paying $480k. In the real world it pays about $80-100k.

      • tempest@lemmy.ca
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        9 hours ago

        Wasn’t their big deal for years “we pay you well but fire your if we think you’re not worth it any more” which might just be saying the quiet part out loud.

        That or maybe enough got cut and were all shocked Pikachu that they backed away from it.

        Either way I don’t really understand why they continue to have tech company status. They were definitely pioneering streaming but you can build a streaming service in a couple months using AWS to solve the harder problems.

        • AbidanYre@lemmy.world
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          4 hours ago

          I don’t know man, after using Netflix, Disney, and Paramount (and jellyfin) apps on my TV, it’s wild how much more responsive the UI is on Netflix compared to everything else.

          On your first paragraph, every place will drop you in a heartbeat these days.

      • dhork@lemmy.world
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        9 hours ago

        Where is it? If it’s in the Bay Area you won’t be able to afford a house on that meager pittance

    • The Picard Maneuver@lemmy.world
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      13 hours ago

      Jellyfin is the way. Streaming only made sense when prices were low and all the content was basically in one place.

      I’ll just keep growing my personal library.

    • ThePantser@sh.itjust.works
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      13 hours ago

      Yea, fucking AI making it too expensive to be a data hoarder. I have to keep making hard decisions on which media to delete.

      • ThrowawayOnLemmy@lemmy.world
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        12 hours ago

        I’m kicking myself now for not buying more 20 TB hard drives when they were under $250. It’s rough out there for any computer related hobbies right now.

        • SolarMonkey@slrpnk.net
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          12 hours ago

          I bought two right before stuff jumped too badly. Looked about a week later thinking buying another one might be an ok idea, rofl no way I can justify it now…

          So now I’m debating if I really NEED backups… certainly not of everything… I still need a video card, and those never did really come back down…

      • spizzat2@lemmy.zip
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        12 hours ago

        If you have the processing power to spare (and haven’t done it already), you might be able to re-encode your media files to a more space-efficient codec.

        I’ve reduced some of my video files by as much at 75% using Handbrake to convert from AVC to H.264 or H.265. I’m not the most discerning viewer, so I haven’t noticed any difference in video quality, but I’ve definitely noticed the extra space on my drives!

        • LuigiMaoFrance@lemmy.ml
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          7 hours ago

          Just as a heads up, if you aren’t concerned about “copyright”/“intellectual property” the better way would be to download native h.265 rips instead of re-encoding your existing h.264 files, as those will look better since you aren’t compressing the already existing compression artifacts of your old files. Copy of a copy and all that.

        • djdarren@piefed.social
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          10 hours ago

          I’ve got an ffmpeg script saved on my Mac which re-encodes video to a fraction of its original size without any apparent loss of quality. Shit’s basically magic.

          I have one for audio as well, but I think it’s an Apple-only MP4 codec, that requires you to have to manually build it into ffmpeg on any other platform. But the end result is that my 2 hour radio show AIFFs that start out at 4GB end up being high quality MP4 at around 75mb.

          Like I said, magic.

          • cmbabul@lemmy.world
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            10 hours ago

            Do you happen to remember where you got it? I’ve got a Mac and while the idea of going through all the media files on my servers to convert them I twitch a little bit, but would also love to cut down space without giving up some of my files

            • djdarren@piefed.social
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              8 hours ago

              Pretty sure it’s this command;

              ffmpeg -i input.mp4 -vcodec libx265 -crf 30 -tag:v hvc1 output.mp4

              On my M2 Air, conversions are usually pretty quick, depending on the size of the input. After a short while it does throttle because there’s no fan, but it counters along nicely.

              As for audio; I use XLD, set to encode HE-AAC at 80kbps. It seems really low, but still sounds great.

      • limonfiesta@lemmy.world
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        11 hours ago

        Which is why it can make sense to pay for pirate shares.

        Many are around $5-8/mo, and they’re libraries are bigger than my own, with the added bonus of I don’t have to do any maintenance.

        $60 to $98 per year, is a better deal than paying for these HDD prices. For me at least the trade-offs are worth it.

            • limonfiesta@lemmy.world
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              8 hours ago

              Except you’re still paying for extremely inflated storage costs, on top of your Usenet fee, which is roughly the same cost as a pirate share - depending on what you’re paying for i.e. block vs monthly.

              • CorrectAlias@piefed.blahaj.zone
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                7 hours ago

                True, but I was talking about private indexers, not shares. I guess I’m lucky that I bought a fuck ton of drives before the bullshit.

                • limonfiesta@lemmy.world
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                  7 hours ago

                  I have a good bit of storage, around 60tb usuable.

                  But as those drives die, I will not replace them at these prices.

                  I have used the free trials of a couple different jellyfin shares to test them out, and was really impressed.

                  YMMV, but after collecting and serving my own media for around two decades, the hobby part of it isn’t as important to me as the the ability to access a large media library for the lowest cost possible.

    • mlg@lemmy.world
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      7 hours ago

      I had to resort to used SAS drives on my server.

      You can get them pretty cheap, but you absolutely have to run a full smart test and check the error correction log before using.

      Plus they usually come with 5 years power on time minimum, so you’d only want to run them in any RAID/ZRAID combo that has redundancy.

      Couple of people here mentioned re-encoding, but that also harms the seed count if you’re using BitTorrent as the exchange medium.

      Part of the issue is that Bluray remux rips are usually in H.265 at 10 bit with Dolby Vision which pushes 4K file size into the 70-100Gb range.

      That’s fine for a single movie on a bluray disk, but its atrocious for saving multiple onto a drive or NAS.

      But then most encodes still almost all use H.265 or H.264 which still gives you a fat 30Gb file for 4K.

      I’m pretty sure AV1 solves this issue because it has much better compression compared to H.265, especially for higher pixel content, but no Blurays are using AV1 because there’s no reduced cost in forcing a change in consumer hardware.

      Plus I think AV1 technically doesn’t support Dolby Vision in proper yet.

      • Tarambor@lemmy.world
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        6 hours ago

        But then most encodes still almost all use H.265 or H.264 which still gives you a fat 30Gb file for 4K.

        So you can store over 500 films on a 2TB HDD. I’m failing to see the issue.

    • TrollTrollrolllol@lemmy.world
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      13 hours ago

      I’m even using jellyfin in the car with android auto to listen to music. Recently bought a external blu-ray drive so I can rip all my old CD’s and DVD’s so at least some of my data is legit :D

      • Sir_Kevin@lemmy.dbzer0.com
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        8 hours ago

        I’m doing the same but I’m looking for a good client that resumes playing music on startup. Any recommendations?

        • TrollTrollrolllol@lemmy.world
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          7 hours ago

          No I haven’t got that figured out quite yet, it seems to resume if I just connect to my stereo bluetooth as long as I haven’t touched Jellyfin between drives but not with android auto. Just figured out how to get playlists working on AA today, kind of a work around but it looks like there is a request to fix it out there.

      • NOT_RICK@lemmy.world
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        13 hours ago

        I’m holding onto my classics but anything else I delete when I’m done watching it.

  • TwilitSky@lemmy.world
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    10 hours ago

    I think the next big thing is affordable local entertainment. What’s old is new again. I could be wrong.

    • TubularTittyFrog@lemmy.world
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      7 hours ago

      where is that offered?

      local entertainment in my city is easily $100 a night now. For few hours.

      Even when I go tot a cheap concert in a cheap place, it’s $25 to get in, and about $25 for two shitty drinks. $50 bare minimum, add food or any extras easily doubles. You want a place that isn’t shitty? those prices double or triple. Dive bars are now charging $10 for a shitty draft beer. 8 buck for a shitty bottle beer.

      Most of the cost is the venue upkeep and the labor, which are fixed costs that keep escalating. it’s not the cost of the food and other stuff, that’s gone down.

      The days of going out and hanging out for hours for $5-10 are never coming back. Every spot like that near me has closed, or cut back their hours to 10-3 or something mid-day only. even cheap places like coffeeshops have time limits for sitting down, like 30m tops or they have reduced/removed seating because they do not want people hangout there anymore.

      things used to be cheap because wages were cheap and property was cheap. you could pay a retail worker 8 bucks an hour and rent a storefront for like 2-3 grand amonth. Now the workers get $20/hr and rent is 8-10K a month. So prices get doubled, and companies need to do everything they can to reduce costs by reducing hours to peak-traffic only. a lot of restaurants in my city are now only open from 6-9pm, because they can’t afford to let any table sit empty while they are open. they used to be open 4pm-11pm.

      • rumba@lemmy.zip
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        7 hours ago

        As cost of living increases, the venues will stop being able to charge that.

        As venues fold the realestate will not be able to charge that

        The price of minimum wages is a non-issue, they were stuck at 1980’s level. The issue now is the cost of living has gone up substantially, inflation through the roof all at once, but all the middle-class jobs are still paying like it’ 1999.

      • Velma@lemmy.today
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        7 hours ago

        local entertainment in my city is easily $100 a night now. For few hours.

        Jeez, the local bands in your area must be LIT to be charging that much.

        On any day of the week, one can find open mics, local bands, comedy shows, etc from locals that are usually free with a drink in my city and neighboring cities. @TwilitSky@lemmy.world was simply suggesting the popularity of these types of entertainment may rise as everything else gets more expensive. They weren’t even saying it’s popular again NOW as you clearly interpreted.

  • ThePowerOfGeek@lemmy.world
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    13 hours ago

    I’m sure Netflix, Hulu, and similar services will compensate for subscriber losses in the usual manner: by continuing to increase their prices and further screwing over their remaining subscribers. You know, the time-honored cable/satellite TV strategy.

    In fact, that’s already been happening for several years. Which is why (along with them offering mostly shit content that I never watched) I cancelled almost all my streaming services a couple of years ago.

    • criss_cross@lemmy.world
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      5 hours ago

      I just got a notice from them saying they’re increasing prices and “are here for me if I have questions “.

      Uh huh.

      • Lemmyng@lemmy.world
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        4 hours ago

        I have a question:

        WHY THE FUCK ARE YOU RAISING PRICES EXPECTING PEOPLE TO STAY SUBSCRIBED IN THIS ECONOMY, NETFLIX?!

    • djdarren@piefed.social
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      10 hours ago

      I’ve never really understood the mentality of businesses. They’re losing customers, so they bump the price to compensate, therefore losing more customers.

      I guess those that hang on end up making up for those they lose, and because all the other services are doing the same, they end up getting people who’ve jumped ship from another one and signed up at a good introductory cost.

      But, like, just charge a bit less and have more customers.

      • MalReynolds@slrpnk.net
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        9 hours ago

        I’ve never really understood the mentality of businesses. They’re losing customers, so they bump the price to compensate, therefore losing more customers.

        It’s the mentality of CEOs, MBAs and Venture Investment, line must go up this quarter, nothing else matters, we’ll be jumping out leaving suckers holding the bag before the business goes under. Scam culture, and it fucking works.

        Long term strategy is dead (except for privately owned, see Valve), this is late stage capitalism baby, take what you can, give nothing back. Seems fair to do unto them.

      • AbidanYre@lemmy.world
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        11 hours ago

        I remember when Netflix paid someone good money for improving their recommendation algorithm. Now they keep trying to shove live boxing matches in my face no matter how many times I say I’m not interested.

    • Foni@piefed.zip
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      10 hours ago

      And don’t forget the old lobbying to push for greater persecution and criminalization of torrents and VPNs

  • SnarkoPolo@lemmy.world
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    11 hours ago

    I know several people, mostly older people, who have gone back to old-timey, off-the-antenna TV. I suspect this will become a trend.