The Four Things That Made Netflix Successful

 Netflix gained a lot of popularity after the Coronavirus outbreak last year and the demand for watching movies and television on this platform increased. On Thursday, Netflix shared one year's results with investors and outlined its next year's action plan.

Here are the details.....

1- Netflix is making a lot of money

  The company currently has over 200 million members who are paying Netflix. That is 30 percent more than in 2019. Last year, 37 million people subscribed to it, with 8.5 million subscribers in the last three months alone. The platform has also increased membership fees in various countries, including the United States and the United Kingdom, increasing the company's revenue by 24% in the last quarter, to ڈالر 6.6 billion now.

  The company made a profit of 2 542 million during the period. For the year, Netflix reported revenue of 25 25 billion and a profit of approximately 8 2.8 billion. The management of Netflix, which had borrowed heavily to expand its operations, said that with the increase in its revenue, it now hopes that it will not borrow more to expand its operations. They have made a profit and will buy shares. Shares of the company rose more than nine percent on Thursday, just hours after the announcement.

2. More people from outside the United States and Canada gained membership

  Most of the people who joined Netflix last year were from outside the United States and Canada. More people from across Europe have joined the platform. Netflix is now gaining popularity in many countries. For example, according to Netflix, there is a show in French about Lupine, which tells the story of a gentleman thief. The show ranks first in Brazil, Argentina, Germany, Spain, and other countries, and second in the top ten in the United States. Netflix expects 70 million people to watch the show in the first 28 days.

3- A new season of Bridgeton may come

  The success of Lupine and the company's other shows, such as Bridgeton, Tiger King, and MoneyHist, show that Netflix itself has become a major source of filmmaking and television, rather than relying on other people's movies and shows. Netflix, which started streaming in 2007 and has now made or is working on more than 500 shows, says it has to release a new (original) movie every week this year.

  In a note about its investment, the company said it had good news related to the release of the popular Bridgeton drama this week.

4- Looking at the competition

  Netflix's new content is a key part of its strategy to keep it ahead of other companies. Other companies include Disney, Viacom, HBO, and others that are now working hard to improve their broadcasts. CNBC, the broadcaster on US economic affairs, sarcastically said that the Netflix report made a big revelation about Bridgeton. Netflix further wrote in its investor note that such an increase in entertainment broadcasting has created a competitive trend. Now they are competing with us in new ways, which we have been waiting for for many years. That is why we are moving fast and working hard to strengthen our work and reach out to people all over the world.

  Paolo Pescatore, a technology analyst at PPFSite, says that in the coming days, there will be fierce competition between Netflix and other companies. According to him, Netflix can lose a lot in this competition while its rival companies are still struggling to move forward. According to him, only those who have their own content will be ahead in this competition.

During this time many companies will have to bear huge losses.

  Viewers will have to make tough decisions about their choices because they are no longer watching. It also includes services related to music and games.

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