Netflix subscribers by country 2020 just shot up by adding 15.77 in the first quarter due to COVID-19 lockdown currently being witnessed worldwide.covid-19 lockdowns worldwide
As reported by the company on its earnings report issued on Tuesday 21 April, the world’s number one streaming-video on-demand service has now peaked to 182.86 million total after the new numbers of 15.77 million subscribers by country trickled in during the first quarter.
Although the consensus expectation of new Netflix subscribers by country 2020 base by analyst Thomson Reuters was 7.5 million, the surge will see Netflix add to its existing subscriber numbers by country as never seen before since its existence as a company due to lockdowns around the world.
According to CNet, one major edge Netflix has over its competitors is that it has shot all its shows and movies for 2020, and now they’re in post-production at locations globally working remotely and would release its series in its trademark binge-the-season model, dropping all episodes at once. This means that it is using remote post-production locations to wrap up those shows and movies all over the world.
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According to Netflix’s Content Chief Ted Sarandos, the company is already producing for 2021;
“We’re actually pretty deep into our 2021 slate.”
With the current lockdown being followed due to the Covid-19 across the globe, Netflix is ideally positioned to flourish as people who are stuck at home yearn more and more for entertainment.
While entertainment has taken a huge hit as movie theatres have shut down completely and big-budget films are being pushed back to next year; nobody knows for sure when sports things will return to normal.
The company noted however in its letter to shareholders on Tuesday that though the surge was temporary, it was elated that its service was doing some good and hope for the Covid-19 lockdown end soon.
However, Netflix subscribers by country in 2020 may experience a decline in numbers after the pandemic.
“At Netflix, we’re acutely aware that we are fortunate to have a service that is even more meaningful to people confined at home, and which we can operate remotely with minimal disruption in the short to medium term,”
“We expect viewing to decline and membership growth to decelerate as home confinement ends, which we hope is soon,” it added.