The right mov(i)es: Lockdown king nets millions in viewers, hard ...

World

The right mov(i)es: Lockdown king nets millions in viewers, hard cash

Much-anticipated productions have been paused, but Netflix says it has enough content for nearly two years

Hannah Boland

Across the board, companies have been tightening their belts, reining in advertising and trimming costs, but not Netflix.

When production companies warned they were running low on cash, Netflix said it would be setting up a fund. Netflix is one of the rare winners of the coronavirus lockdown.

This week, it revealed it had added 16 million subscribers since the start of the year, more than twice the amount it had been expecting. It said revenue was up 28% compared with a year earlier, hitting $5.8bn (about R111bn), while net income more than doubled to $709m (about R13,5bn)...

This article is reserved for Times Select subscribers.
A subscription gives you full digital access to all Times Select content.

Times Select

Already subscribed? Simply sign in below.

Questions or problems?
Email helpdesk@timeslive.co.za or call 0860 52 52 00.

Previous Article