Netflix Gets 16 Million New Subscribers in 3 Months
01:28 Share

Netflix has gotten nearly 16 million new subscribers during the first three months of the year, showing that it has become one of the world's most popular services in times of isolation or crisis.

During those three months, many governments around the world started telling people to stay home to stop the spread of the coronavirus. This appears to have made millions of people start using Netflix for entertainment.

Netflix more than doubled the growth that it had predicted for the first three months of 2020, with the company ending March with nearly 183 million subscribers worldwide. It was the biggest three-month gain in the 13-year history of Netflix's streaming service.

Netflix says it expects to get 7.5 million new subscribers between April and June 2020, nearly three times as many as the average 2.7 million it usually gets in spring.

Production has stopped on many of Netflix's films and series, but the company has promised that it will continue to release new content throughout the year.

"We don’t anticipate moving the [release] schedule around much, and certainly not in 2020," said Netflix's chief content officer Ted Sarandos.

Many upcoming Netflix series have already been completed, including the fourth season of The Crown — the popular series about the United Kingdom's Queen Elizabeth.

One of Netflix's main competitors is Disney+. The service, which launched last November, currently has over 50 million subscribers.

🍀Please subscribe to my YouTube channel https://www.youtube.com/channel/UCHl6jliVGhN3z978Rh1L-AQ?sub_confirmation=1)

#WorldNews #AudioNews