More than 1.5 million people have canceled Netflix, Disney+ or Amazon Prime subscriptions in the past three months, according to new research. Market research firm Kantar says cancellations have hit their highest level on record as the cost of living crisis hits homes.
There may be a cheaper way to save on TV costs than canceling your subscriptions. Indeed, the highest cost to watch TV comes from expensive Sky, BT and Virgin Media packages.
It is not possible to cancel a plan if you are still within the contract period, but if you are nearing the end of your contract there may be a money saving option which allows you access to a number of streaming services while saving hundreds of pounds. . It may even be possible to keep movies, sports, and subscriptions to watch TV series while saving on expensive packages.
Cancel Sky and BT
the The cheapest Sky subscription is £26 a month and you also get Netflix included in that price. This doesn’t get you Sky Cinema, Sky Entertainment and Sky Sports as they are only available on higher value subscriptions. Overall, the cheapest Sky package costs £312 per year. With Sport that comes in at £552 a year.
The cheapest Netflix subscription is £71.88 per year, or £5.99 per month. If you cancel Sky, that’s a saving of £240.12 a year based on the cheapest package and £480 based on the sports package.
LV and Virgin offer other options but at roughly the same price. Many of their offers include a broadband option, but even if you have broadband, you can remove the TV packages when your contract ends.
You can then buy a fire tv stick to ensure you get streaming services such as iPlayer, 4oD and ITV Player on your TV, priced at £30. That means you’re paying just over £100 a year to access Netflix and all the terrestrial TV channels.
If you want a bit more functionality, you can pay for a Freeview box. The most popular Freeview boxes include the £200 Freesat box, which has 500 GB of storage and more than 170 channels as well as recording of up to four programs at once. Others include Humax, which is on sale at Curries for £170 and also has 500 GB of storage.
Of course, canceling Sky means you will no longer have access to Sky’s channels. You may have a subscription because you want to access sports or movies.
If you want full access to sports or movie packages, a sky subscription is probably the cheapest option. If you only want occasional access to sport, movies or Sky TV series, more flexible options are available. NowTV pass costs around £33.99 for the month for sport, while BT Sport also offers monthly sports packages. This means you can choose which months you want to access Sky Sports or BT Sport.
For example, if you follow football, you might not need access during the summer months, but you might want to buy a month for May when finals such as the Champions League and the FA Cup take place.
The cheapest £552-a-year Sky Sport package means you can buy a Netflix subscription, buy a Fire Stick, buy a Sport pass for seven months of the year and still spend less on TV than paying monthly for Sky .
Change your feed
For those who want access to TV series, you can get a Firestick and Netflix for around £100 a year. Then you can take advantage of different streaming services to add and cancel as needed.
For example, you can add Disney+ for a few months out of the year and binge on your favorite shows before canceling. You can do the same for Amazon Prime or even NowTV to access Sky channels. It’ll cost around £8-£10 a month depending on the streaming service and if you do one a month the maximum you’ll pay is £120 a year – significantly less than the cheapest Sky subscription available.