Feeling bored with the same shows, Netflix subscribers switching off ( Few recommendation from us)
Key Highlights Lockdown led to an increase in Netflix subscriptions. Netflix stock dropped 11% to $489.28, erasing $25 billion from the company’s market capitalization. Disney+ is giving tough competition to Netflix. COVID-19 accelerated the growth of Netflix The subscription television leader Netflix gained added 15.8 million additional users as COVID-19 pushed people all over the world to sit at home. Most of the expansion occurred in Asia, where Netflix added 9.3 million new subscribers in 2020, a 65 percent improvement from the previous year 2019. Pandemic become a double-edged sword for Netflix Netflix also faces a problem because of the pandemic because it disrupted the production pipeline. Pandemic also led to a lighter content slate in the first half of 2021. As a result, there was a slower membership growth. The business forecasted weak subscriber growth in the second quarter, with an additional 1 million net streaming subscribers against the predicted 5 million....