Netflix execs, hoarding for the content dry spell
So like, did Carole do it?... Asked the 34M people who streamed “Tiger King” in its first 10 days. We know Netflix has been benefitting from the lockdown economy — it’s practically the epitome of a “stay-at-home” stock. But its quarterly numbers shocked even the biggest optimists:
“I just finished Netflix”… Highly unlikely. Those new shows “magically” appearing on Netflix during quarantine?… That warm feeling that Netflix will continue releasing thrilling Spanish-language series even when the world ends? All part of the plan...
The more you grow now, the slower you grow later... Just like the growth spurt you had as a kid, Netflix is having a major growth spurt in the lockdown economy — but it's not likely to last at this crazy pace. Netflix already takes up 72% of home streaming time. The new subs it's gaining now will likely take away from its future growth. Plus, people who aren't getting on the Netflix bandwagon during lockdown will probably never get on at all.