Netflix executives plan to spend $ 17 billion on content in 2021 and expect to release more movies and TV shows in the second half of the year after production delays due to the pandemic.
Streamer said it is back in production in all major markets except for Covid hotspots in Brazil and India.
Local language content remains a priority and the company has achieved excellence that goes beyond leadership Who killed Sarah?, A Mexican series that achieved nearly 55 million views in its first 28 days and is now the largest non-English Netflix title in the United States. Season 2 starts May 19.
It includes more features Below zero (Spain, 47 AD) volatile the love (Poland, 31 AD) i Room broom (South Korea 26 AD).
French Lupine Omar C was the most popular new title in the first quarter, with 76 million households around the world viewing it in its first 28 days. The second season should land in the second quarter.
Netflix announced its first-quarter results on Tuesday (April 20), announcing that paid broadcast subscriptions increased by 3.98 million worldwide after growing 13.6% year-on-year to 207.64 million.
Earnings were 6 million less than the company’s forecast for member growth, and management said this was due to less new content in the first half of 2021, due to slowing production last year.
Membership grew by 15.8 million in the first quarter of last year, and the company previously confirmed that the increase was due to a pandemic outbreak, forcing customers to stay home.
However, sales exceeded Wall Street analysts’ expectations, rising 24.2% year-on-year to $ 7.163 billion.