Netflix could lose 4-million U.S. subscribers in 2020
Netflix could lose 4-million U.S. subscribers in 2020 according to the brokerage firm Needham and Company.
It's the fourth Wall Street firm in two months to rate Netflix low in the upcoming year. The firm says the competition offered by new streaming services could be to blame.
The streaming service had 60.62 million paid subscribers in the United States as of Sept. 30. This is over a third of the world's streaming service subscribers.
The monthly subscription for Netflix is $9 for the most basic subscription.
However, the loss of popular shows like "Friends" and "The Office" is predicted to hit Netflix hard into next year.
They are saying that Netflix must lower their price of service to be able to compete with new streaming services like Disney Plus and Apple TV.