Subscriber Growth Slowed Down For Netflix: Company Isn’t Afraid of Running Out of Content
The year 2020 gave new heights to the online streaming platform Netflix; however, heading towards 2021 and going through a potential insufficiency of content, the company will have to give a heads up in performing well. Netflix acknowledged that the subscriber growth has slowed down after reporting its third-quarter earnings. A total of 2.2 million net subscribers have been added in Q3. Not only this, but the platform also gained $6.44 billion of revenue, hitting past its expectations. However, the question for the co-CEOs Reed Hastings and Ted Sarandos remains the same: how are they planning to ensure that Netflix will hold enough content to watch? No other online streaming platforms could compete with Netflix because of its huge advantage of constant introduction to new shows and movies. The reason behind this was also the completion of most of the shows right before the pandemic took place. Therefore, post-production was concluded remotely, and new shows came up. Unfortunately...