Comment on Drop in Netflix share 35% By Mr. Viram Shah ,Vested Finance
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
https://t.me/InvestmentGuruIndiacom
Download Telegram App before Joining the Channel
Below is comment on Drop in Netflix share 35% By Mr. Viram Shah, Co-Founder and CEO at Vested Finance
“Netflix is still the most significant OTT player globally, with 220 million paying subscribers. Investors didn’t like the slowing and declining nature of Netflix’s paying subscribers. As we speak, Netflix has guidance that their paying subscribers will decrease by just 2 million in the upcoming quarter. However, it’s still the major force in the OTT industry and a market leader in content generation and production.
To give an example, Netflix launched 80 movies last year, and if we compare that with the following six biggest production houses, cumulatively, they released 75 movies. So you can imagine the speed and the content budget. Netflix spent close to $100 billion in content production in the last 7-8 years.”
Above views are of the author and not of the website kindly read disclaimer
Tag News
We anticipate immense potential benefits from the upcoming Sovereign Gold Bond Tranche in FY...
