There has been a rise in the number of people who are cancelling their television licenses in favour for streaming services such as NETFLIX or Amazon Prime.
More than 860,000 TV licences were cancelled in 2017-18, compared with 798,000 a year earlier.
Astonishingly, these figures, equaling around 2,300 cancellations a day, represent the first official data to support evidence that the “Netflix effect” is leading viewers to abandon the BBC entirely.
The television licences are mandatory for users who watches live television or uses the BBC’s iPlayer catch-up service. As of March 2018, 25.8 million licences were held, a record high driven largely by population growth. However, viewers do not require a licence if they only watch shows via on-demand streaming platforms such as Netflix, Amazon Prime or Now TV.
RISE OF THE STREAMING GIANTS
A Netflix subscription costs £5.99 a month – or £72 a year, with an estimated 9.78m UK subscribers. Comparing this to the TV licence, which costs £150.50 per year – and is set to go up to £154.50 in April 2019.
The Times claim a massive 670,000 licences were cancelled since 2010.
However,, there could be a number of reasons for the cancellations, such as moving in with partners who already have one or payment failures. Interestingly, 7% of households were caught watching TV without a license.
Do you have a TV license? Do you think you’ll continue to pay for it or switch to streaming services? Let me know in the comments below.
This post was written by noxford