The global health emergency has forced a major population of
the world to stay in homes for weeks – perhaps months! And with no movie
theatres, bars, and restaurants to visit – many of us are taking solace in the
one and only Netflix.
The video-streaming service, Netflix is seeing unprecedented
growth over the past few months and its latest quarterly report confirms the
notion. According to the Q1 2020 results, Netflix added nearly 16 million paid
subscribers to its services, reaching a whopping 182.9 million users.
The company expects to reach 190 million paid subscribers globally
by the end of June.
However, the streaming service was sensible enough not to
gloat about its recent achievements and considered the sensitive situation that
we are all part of. In a pensive note to its shareholder, the company acknowledged
the recent scenario and said that they were fortunate to have a service that is
meaningful to the people confined at home.
The company also wrote their desire to continue their service
with minimal disruption during these testing times.
The recent coronavirus pandemic has created an uncertain situation
on a global level. To contain the spread of the virus, almost all countries
across the world have ordered their citizens to stay home and limited the
opening of businesses to essential groceries and medicines only. As a result,
the ‘homebound’ population is using technology for their education, work,
communication – and of course, entertainment.
