Netflix has presented the economic results for the first quarter of 2020, a period that coincides with the onset of the pandemic Covid-19 and with the confinement in the home of millions and millions of citizens around the world.
Aware that the confinement is creating an extraordinary situation, Netflix ensures that, once life gets back to normal, both the use and the growth of subscribers to regulate and will come down to figures more understated.
In the first quarter of 2020, Netflix has won 15.8 million susciptores all over the world, which represents multiplying by more than two their initial forecasts. In total, the platform already counts with 183 million subscribers and could add up to another 7.5 million in the second half of the year.
However, and due to the depreciation of the dollarrevenues have been more in line with their forecasts. The platform has recorded a net profit of 653 million euros in the first three months of 2020, a 106 per cent more than in the same period of 2019.
The behavior of the news
According to the data offered by the platform, these have been the new contents more seen in the first quarter of 2020 during the first four weeks since its release:
- The film ‘Spencer’s Confidential’with 85 million homes
- The fourth season of ‘The house of paper’with 65 million homes (although it premiered at the beginning of April)
- The documentary series ‘Tiger King: Murder, Mayhemand Madness’with 64 million households
- The dating show ‘Love is Blind’with 30 million households
- The third season of ‘Ozark’ with Jason Bateman, with 29 million households
In the second quarter of 2020, Netflix, will launch the comedy ‘Space Force’from the creator of ‘The Office’ with Steve Carell, John Malkovich and Lisa Kudrow; and the new miniseries from Ryan Murphy, ‘Hollywood’. Also the action movie ‘Extraction’with Chris Hemsworth.
Other premieres of spring are ‘The Eddy’series , Damien Chazelle
Netflix has also announced the acquisition of ‘The Lovebirds’, comedy with Issa Rae and Kumail Nanjiani; and ‘Enola Holmes’, movie with Millie Bobby Brown, Helena Bonham Carter, Henry Cavill and Sam Claflin. Both content to be released is expected in 2020.
Response to coronavirus
Netflix reacted quickly to the Covid-19, so that the production equipment, animation of The los Angeles began making telework right away. Also the equipment of post-production are occupying remotely more than 200 projects, in order to maintain maximum calendar of premieres. In addition, Netflix ensures that most of its rooms of script writers of the series continue to operate the virtual. What has been affected has been the dub in some languages such as Italian.
The response from Netflix to the coronavirus and its impact on the audiovisual industry did not wait, and the platform launched in march a fund of $ 100 million to nurture, above all, to the staff of their productions. In Spain, Netflix, in partnership with Acción Cultural Española, Academy of Film and ICAA, has made available one million euros, although details of the deal have not been revealed. United kingdom, Italy, France, Brazil, Mexico and the Netherlands are other countries that benefited from a million euros on the part of Netflix.
In addition, Netflix says that it has donated another us $ 30 million to third parties and to non-profit organizations.