Netflix gains 15.8 million customers during quarantine period
Netflix gains 15.8 million customers during quarantine period
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The streaming service has received 15.8 million customers as people draw entertainment from their homes during quarantine.
Netflix’s projections have more than doubled between the months of January and March since the pandemic broke out. The company is expecting 7 million more customers within this year.
The increase in membership is due to the fact that people in lockdown need a source of entertainment. Apart from this, the streaming service also released many shows that were very well-received by audiences including true story “Tiger King” and the Spanish sensation “Money Heist.”
However, these numbers are likely to decline in the second half of the year. “We expect viewing to decline and membership growth to decelerate as home confinement ends,” wrote Netflix. There is also no guarantee that the economic recession that has hit major companies worldwide and been accelerated by the pandemic will spare Netflix.
Read more from Propergaanda: Famines of “biblical proportions” to ensue as a result of Covid-19
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