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The Guardian - UK
The Guardian - UK
Business
Mark Sweney Media business correspondent

UK homes cancel streaming services to reduce spending

The Lord of the Rings: The Rings of Power - 106Morfydd Clark (Galadriel)
Morfydd Clark as elf Galadriel in The Lord of the Rings: the Rings of Power, on Amazon Prime.
Photograph: Matt Grace/Prime Video

Almost 1m British households have given up on the streaming revolution so far this year, as the cost of living crisis forces increasingly budget-conscious consumers to stop taking services such as Netflix, Amazon Prime Video and Disney+.

The premiere of two of the most-hyped and expensive shows of all time – the $650m (£580m) productions of Rings of Power and House of the Dragon – failed to prove a big enough draw to reverse a decline of another 234,000 homes with at least one paid streaming service in the third quarter.

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