The cost of living in the UK has increased by huge amounts. According to the Office for National Statistics, in April 2022, 87 per cent of adults reported an increase in the cost of living. You only need to turn on the news to hear about the cost of council tax increases, the energy bill crisis, and much more. Because of this, a lot of people are finding that they need to cut back in other areas, with subscription services being one of the first to go. But, which subscription services represent good value for money? Which ones should you cancel? Read on to discover everything you need to know.
Netflix has experienced a decline in subscriptions around the world. This could be to do with the recent price increase, which has seen Netflix Premium increase from £13.99 to £15.99 in the UK. Despite this, it is still the most popular subscription service in the country, with around 15.5 million subscriptions. Next, Amazon Prime Video has 10 million subscriptions, and in third place, Disney+ has around 7.5 million UK subscriptions. Amazon Prime Video costs £7.99 per month. However, you can make savings if you pay per year, costing £79 in total. The same goes for Disney+, which is £7.99 per month yet if you pay per year, it will cost £79.90 in total.
When determining which subscription services to keep, it is all about determining what sort of programs you watch the most. Netflix is great for documentaries, drama, and true crime series. However, Amazon Prime Video has the edge when it comes to sports, even showing some live Premier League games. One of the issues with Amazon in terms of documentaries and dramas is that some of the TV shows and movies are available at an additional cost, so do keep this in mind. If you’re a lover of all things Disney, it’s obvious what your selection should be.
There are a number of other subscription services to consider. DAZN is great if you enjoy sport, especially boxing, with Eddie Hearn’s Matchroom Boxing putting on exclusive shows. You also have the ability to re-watch past events. You can also access BritBox, Hayu, NOW, and Apple TV+ in the UK. NOW is split into Entertainment and Sports Packages, enabling you to tailor your package and only pay for what you need so you can manage your money better.
As you can see, there is a wide range of different subscription services to select from. You have the big three – Netflix, Amazon Prime Video, and Disney+ – and a whole host of other choices. It is not cost-effective to simply use them all, so you need to think about what sort of programs you enjoy the most to determine what makes the most sense for you.