January 22, 2020
According to its latest earning report, Netflix grew by 8.8 million net subscribers and saw stronger-than-expected financials in the fourth quarter of 2019. This comes despite the launch of two major streaming services, Disney+ and Apple TV+, and more competition coming in 2020 from WarnerMedia’s HBOMax and NBCUniversal’s Peacock. Netflix addressed the competitive landscape in a letter to shareholders, saying that there’s “ample room for many services to grow as linear TV wanes.”
Netflix’s original series “The Witcher” is on-track to become the platform’s biggest season one TV series ever. Google Search Trends also show a much higher interest in “The Witcher” than in other streaming services’ top shows, including Disney+’s “Mandalorian,” Apple TV+’s “Morning Show,” and Amazon Prime’s “Jack Ryan.”
Source: TechCrunch