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Netflix Warns of Slowdown after Subscriber Surge

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

Phoenix666 writes:

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 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.

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  • (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.