Netflix Shutting Down 2023: Will It Shut Down This Year? (2024)

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Netflix Shutting Down 2023: Will It Shut Down This Year? ›

As for the Netflix streaming service, it will continue to run during 2023 and beyond. Anyone worried by the rumors of Netflix shutting down in 2023 should not be concerned, as it's only the DVD rental service shutting down, and I'd wager that most subscribers don't use (or aren't even aware of) it.

All the headline figures are positive. It now has a total of 260.8m subscribers, it made $5.4bn profit on revenue of $33.7bn in 2023, and it expects to spend a massive $17bn on content this year. In its Q4 2023 letter to shareholders, it puts its current profitability down to three things.

Revenues rose 12.5% YoY to $8.83 billion, above expectations and marking Netflix's best quarter in 2023 for revenue growth. Netflix said it expects “healthy double-digit revenue growth” for 2024 thanks to continued subscriptions and “price adjustments,” hinting at yet another possible price increase.

If the Netflix app crashes or closes and takes you back to your device's menu screen or live television, it usually means data stored on your device needs to be refreshed.

This is typically because the Netflix app or software on the device can't be updated to a version that supports livestreaming, or is no longer actively supported.

Netflix extended its lead as the world's biggest premium video-streaming platform — pulling in a better-than-expected 13.1 million subscribers for the fourth quarter of 2023, a Q4 record. The company's Q4 revenue came in slightly above Wall Street forecasts, while net income fell short.

As for the Netflix streaming service, it will continue to run during 2023 and beyond. Anyone worried by the rumors of Netflix shutting down in 2023 should not be concerned, as it's only the DVD rental service shutting down, and I'd wager that most subscribers don't use (or aren't even aware of) it.

A Netflix account is meant to be shared by people who live together in one household. People who are not in your household will need to use their own account to watch Netflix. Learn more about sharing Netflix. Account owners can buy an extra member slot and invite people outside their household to use Netflix.

In fact, all of Tom's Mission: Impossible films will be removed, along with a few Leo faves like The Wolf of Wall Street and Catch Me If You Can. Another fan favorite being removed is the holiday film Love Actually, plus, Taylor Swift's Reputation tour movie!

“Air Force One” and “Walking Tall” and join the slate of action movies exiting the streaming service this month. Even spookier, several thrillers, including “Scream 4,” “Shutter Island,” “The Forest,” “Term Life” and “Margin Call” are also leaving Netflix this month.

How in debt is Netflix? ›

Total debt on the balance sheet as of December 2023 : $14.54 B. According to Netflix's latest financial reports the company's total debt is $14.54 B. A company's total debt is the sum of all current and non-current debts.

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How much does Netflix cost? Watch Netflix on your smartphone, tablet, Smart TV, laptop, or streaming device, all for one fixed monthly fee. Plans range from $6.99 to $22.99 a month. No extra costs, no contracts.

Leaving Netflix in July 2023 - IMDb. This July, Netflix will say goodbye to several action movies, comedy series, and dramas. Some of the top films leaving are the Daniel Craig-led Bond film, Skyfall, The Will Smith drama, The Pursuit of Happyness, and the Donny Yen martial arts franchise, Ip Man.