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posted by martyb on Saturday July 18 2020, @07:10PM   Printer-friendly

BBC:

Netflix has seen a surge in sign-ups due to the coronavirus lockdown, but has warned investors that subscriber growth will slow.

The streaming giant added more than 10 million subscribers in the three months to July, bringing the total of new subscribers to 26 million in 2020.

In contrast, Netflix saw 28 million new subscribers for the whole of 2019.

"Growth is slowing as consumers get through the initial shock of coronavirus and social restrictions."

Will Netflix's library expand to accommodate the growth in subscribers?


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  • (Score: 2) by takyon on Saturday July 18 2020, @07:38PM

    by takyon (881) <takyonNO@SPAMsoylentnews.org> on Saturday July 18 2020, @07:38PM (#1023463) Journal

    Disney Analyst Cuts Stock on "Longer" Pandemic Hit, Sees Cinemas "Largely Closed" Until Mid-2021 [hollywoodreporter.com]

    Reducing his stock price target from $101 to $97, Creutz wrote on Thursday: "With the spread of COVID-19 having accelerated in the U.S., we expect a prolonged impact." And he noted that Florida and California, the homes of Disney's two U.S. theme parks, Disneyland and Walt Disney World, have been "particularly impacted" and account for roughly 33 percent of new U.S. cases.

    "We had previously assumed that the spread of COVID-19 would be relatively halted, with social distancing requirements significantly lessened by late 2020," Creutz wrote. "We have now extended that timeline out to at least mid-2021; the situation remains very fluid, and we do not rule out the possibility that the impact could last even longer."

    Creutz said he expects "no film releases in fiscal year 2020," which for Disney ends in September, and "a modest slate" in fiscal 2021. "We now expect domestic theaters to be largely closed until mid-2021, in part because we don't think studios will be interested in releasing their largest movies into a capacity-constrained footprint."

    --
    [SIG] 10/28/2017: Soylent Upgrade v14 [soylentnews.org]
  • (Score: 1) by fustakrakich on Saturday July 18 2020, @07:49PM (7 children)

    by fustakrakich (6150) on Saturday July 18 2020, @07:49PM (#1023464) Journal

    With all that new money, they can put in a fatter pipe... Or maybe they just wanna take the money and run

    --
    La politica e i criminali sono la stessa cosa..
    • (Score: 2) by looorg on Saturday July 18 2020, @08:45PM (4 children)

      by looorg (578) on Saturday July 18 2020, @08:45PM (#1023488)

      The problem is probably not infrastructure but one of content. During the pandemic or shutdown there have been very little production of new content. As people binge through the library available they might run out of stuff to see and they will unsub.

      • (Score: 1) by fustakrakich on Saturday July 18 2020, @09:31PM (2 children)

        by fustakrakich (6150) on Saturday July 18 2020, @09:31PM (#1023502) Journal

        The problem is probably not infrastructure but one of content.

        I'll say! Where's Matlock and Green Acres?

        --
        La politica e i criminali sono la stessa cosa..
        • (Score: 2) by looorg on Saturday July 18 2020, @09:35PM (1 child)

          by looorg (578) on Saturday July 18 2020, @09:35PM (#1023504)

          Don't worry grandpa the stories will be on soon and with your alzheimer every episode is like a new episode even when they are reruns.

          • (Score: 1) by fustakrakich on Saturday July 18 2020, @09:54PM

            by fustakrakich (6150) on Saturday July 18 2020, @09:54PM (#1023515) Journal

            You forgot the damn toast!

            --
            La politica e i criminali sono la stessa cosa..
      • (Score: 0) by Anonymous Coward on Sunday July 19 2020, @09:11AM

        by Anonymous Coward on Sunday July 19 2020, @09:11AM (#1023667)

        We have a century of content they could put on.

    • (Score: 2) by JoeMerchant on Saturday July 18 2020, @10:55PM

      by JoeMerchant (3937) on Saturday July 18 2020, @10:55PM (#1023537)

      Was gonna say:

      Will Netflix's library expand to accommodate the growth in subscribers?

      That's not how this works... that's not how any of this works.

      --
      🌻🌻 [google.com]
    • (Score: 2) by FatPhil on Sunday July 19 2020, @09:21AM

      Growth is slowing, not bandwidth, it's right there in the summary. This is a information more to (potential) shareholders than to (potential) subscribers.
      --
      Great minds discuss ideas; average minds discuss events; small minds discuss people; the smallest discuss themselves
  • (Score: 2, Insightful) by Zinnia Zirconium on Saturday July 18 2020, @08:34PM

    by Zinnia Zirconium (11163) on Saturday July 18 2020, @08:34PM (#1023483) Homepage Journal

    I don't want Netflix. Stop trying to advertise to me.

  • (Score: 2, Informative) by Anonymous Coward on Saturday July 18 2020, @08:36PM (1 child)

    by Anonymous Coward on Saturday July 18 2020, @08:36PM (#1023485)

    Remove DRM and we are talking.

    • (Score: 0) by Anonymous Coward on Saturday July 18 2020, @11:19PM

      by Anonymous Coward on Saturday July 18 2020, @11:19PM (#1023541)

      You can already screen cap it... how much DRM do you really need removed?

  • (Score: 2) by SomeGuy on Saturday July 18 2020, @09:07PM (2 children)

    by SomeGuy (5632) on Saturday July 18 2020, @09:07PM (#1023496)

    Meanwhile, what has been available on over the air television has shrunk to almost nothing, unless you like hour long infomercials re-runs of Green Acres, or "news" that has less informative content than a parrot.

    • (Score: 0, Flamebait) by Anonymous Coward on Saturday July 18 2020, @09:44PM (1 child)

      by Anonymous Coward on Saturday July 18 2020, @09:44PM (#1023511)

      And just what do you have against Green Acres? I'll take Eva Gabor over the talentless negresses parading around on prime time TV today.

      • (Score: 0) by Anonymous Coward on Sunday July 19 2020, @12:04AM

        by Anonymous Coward on Sunday July 19 2020, @12:04AM (#1023554)

        They're not going to shoot new episodes so go back to the farm Arnold.

  • (Score: 0) by Anonymous Coward on Saturday July 18 2020, @11:25PM (1 child)

    by Anonymous Coward on Saturday July 18 2020, @11:25PM (#1023543)

    i still got a hangover from the marvel universe movie bing that started with "iron man"...
    i guess it's hard to beat that consistancy and vision.
    tho it seems sci-fi is not in high demand there are tons of "old" but visionary books out there just waiting to be made into good movies.
    however, like with every genre and performance it first and formost has to hit the spot with the ... uhm ... errr ... overlords, 1%ers -aka- financiers before anything goes. and of course they always have one agenda only: money.
    movies and books and even age old performances always also tell a story about the times they were made in.
    the only new genre(less then 100 years old), methinks, is the endless drama of the tv format. they go on and on and ... you guessed it ... on.
    the geografical "piece de resistance" for that is south korea at the moment. it is a fantastical medium of "gleichschaltung" where many thousand (or even ten thousand) people watching feel, sad, or happy or angry at the same time.
    anyways, looking forward to new and exciting stories to watch and my guess is that these will spring from secluded minds that acctually have a mobile phone that has a layer of dust on it sitting around ^_^

    • (Score: 0) by Anonymous Coward on Sunday July 19 2020, @12:13AM

      by Anonymous Coward on Sunday July 19 2020, @12:13AM (#1023556)

      There are a lot of new sci-fi films and TV shows being created and it could be considered a golden age for them. Ad Astra, Arrival, Alita: Battle Angel, Replicas, I Am Mother, etc. Books are being used, such as The Expanse, The Martian, and Foundation.

  • (Score: 0) by Anonymous Coward on Sunday July 19 2020, @09:16AM

    by Anonymous Coward on Sunday July 19 2020, @09:16AM (#1023668)

    Netflix blocked me for months due to using VPN. Screw them. Months of being told it's my internet connection when they are denying me access to a service I paid for. Evil.

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