😍 2022-06-22 08:03:08 – Paris/France.
One of the spring news stories, related to the entertainment world, of course, was the confirmation that Netflix was losing subscribers for the first time in over a decade.
The company reported the loss of more than 200 paid subscriberswhich led to a crash in stock prices and alarm bells ringing among investors and creators of movies and series that were coming or might reach Netflix.
From the first moment, Netflix worked on ways to overcome this losing streak. This includes the alternative tariff which integrates advertising in exchange for a lower cost for subscribers, or measures to stop the practice of sharing passwords.
However, it seems that the audiovisual industry has lost much of its trust in Netflix, and its own directors wanted to send a message of appeasement through a statement.
As Variety collects: Ted Sarandos (CEO of Netflix), scott stubber (world director) and Bela Bajaria (world television director) reminded that Netflix is not broke.
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Leaders noted that the company continues to invest heavily in contentand the 2022 and 2023 budgets are locked and closed Already. In 2021, Netflix invested around $17 billion in new content and is expected to do the same in 2022.
In fact, Netflix has proven that it hasn't slowed down. In Cannes, the company bought the films for 50 million Adventurers of Painde Emily Blunt (a quiet place) and David Yachts (Fantastic Beasts and Where to Find Them).
The Squid Game reality show has also been announced, with a scrumptious prize of $4,56 million for whoever wins the contest.
With this message of appeasement, Netflix hopes to be able to regain some of the lost confidence in the audiovisual industry.
The market Streaming has become more complicated in recent years. More and more platforms want their piece of the pie. However, the industry pioneer now has more than 200 million customers and continues to maintain its leadership in the sector.
SOURCE: Reviews News
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