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Netflix sign-up has increased in lockdown

Business Habit ⋅ @businesshabit ⋅ Apr 22, 2020


This year, the world's most popular online streaming platform Netflix has seen an increase in their subscriber base. People who have been locked down due to the coronavirus situation in the world have joined the online streaming platform for entertainment from home.

According to Netflix, in the first three months of this year, 16 million new accounts were created on their site. In the last three months of 2019, the number of subscribers to the site doubled. This information has been informed in the report of BCC online on Wednesday.

According to Netflix, despite the increase in their subscriber base, their new production has stopped due to the coronavirus. The new customer did not increase their income very much. All kinds of pictures have stopped working in different parts of the world. Considering the value of the currency and the increase in customers outside the United States, their international income is now lower than before. However, investors have shown interest in Netflix's share price, which has risen 5 percent.

Eric Hagstorm, an analyst at market research firm Emarketer, said: "Netflix will continue to be the least damaged media company of the Covid-19."

Demand for this specialty has grown significantly as a result of recent corporate scandals. In addition, they employed 2,000 customer service personnel to handle the situation.

Netflix expects another 8.5 million subscribers to join the platform by June, surpassing analysts' forecasts.

Netflix currently has a total of 162 million subscribers worldwide.

Netflix, the world's most popular online streaming platform, announced last March that they would raise 100 million in funding for this coronary day. And this money will be spent on the most disadvantaged artists and craftsmen in television and cinema. Netflix chief Ted Sarandus confirmed the information in an official statement.

Category and Tags
Business Insider Netflix, Lockdown
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