Netflix subscribers are leaving the platform in record numbers as the cost of living crises hits homes across the UK.
Over 1.5 million people have cancelled Netflix subscriptions in the last three months, according to new research. Market research firm Kantar says cancellations have risen to their highest ever level in the first three months of 2022. Disney+ and Amazon Prime have also seen cancellations rise as customers look to cut back on costs.
However, the cost of a streaming service is typically a fraction of the cost of a TV package from Sky, BT and Virgin and there may be a way to cut hundreds from your bills and still keep access to your favourite shows.
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It is not possible to cancel a package if you are still in the contract period but if you are coming to the end of your contract there may be a money-saving option that lets you access a number of streaming services and still save hundreds of pounds. It may even be possible to still keep movies, sport and subscriptions to watch TV series while still saving on expensive packages.
The trick is to cancel your Sky, BT and Virgin package but then use a mixture of streaming services and monthly passes to get access to the best channels and events while still saving money.
The cheapest Sky subscription is £26 per month and you also get Netflix included in that price. That does not get you Sky Cinema, Sky Entertainment and Sky Sports because they are only available on the higher value subscriptions. Overall the cheapest Sky package costs £312 per year. With Sport that rises to £552 per year.
The cheapest Netflix subscription is £71.88 each year, or £5.99 per month. If you cancel Sky that is a saving of £240.12 each year based on the cheapest package and £480 based on the…