While live broadcasters have taken advantage of the stream of consumers stuck at home, platforms like Netflix are not immune to the problems of blocking movies and TV.
So far, broadcast platforms have managed to satisfy consumer demand for content. However, there are concerns that there will be a noticeable shortage of new shows and films that will appeal to viewers if production does not start in the next few months. This may result in customers’ cancellation of services.
On Thursday, the company announced in its second-quarter results announcement that the safe resumption of production is a top priority for the company. Companies like Netflix are enjoying a long lead in production, which means that shows and movies planned for Slate 2020 should not be hit hard due to a long production hiatus early in the year.
“In 2021, based on our current plan, we expect our large headlines delays to increase the weighted list of content in the second half, although we expect the total number of original content for the whole year to remain higher than before. It will be in 2020” – the company said In a statement.
Netflix said there is no one-size-fits-all approach to restart production as content is registered in different countries with their own regulations, number of coronavirus cases, and test availability.
According to the company, the Asia-Pacific region is the most advanced in terms of production. Season 2 of the original Japanese series “The Naked Director” was replayed. Production has also resumed in Germany, France, Spain, Poland, Italy and the United Kingdom.
In the US, Netflix has resumed production of two films in California and two animations held in Oregon. The company expects to open more US productions in the third quarter. However, the rise in the number of coronavirus cases may slow this progress. Likewise, India and parts of Latin America were more difficult to resume production.
To enhance its content offering, Netflix recently acquired the rights to Aaron Sorkin’s The Trial of the Chicago 7 and the worldwide broadcast rights for Spongebob Movie: Sponge on the Run (excluding the United States and China).
He also appeared in the first two seasons on YouTube “Cobra Kai” as well as in a new third season, but was not released.
“With our large library of thousands of addresses and strong endorsements, we believe our members’ satisfaction will remain high, ”the company said.
Netflix has praised high attendance thanks to the new comedy “Space Force” with Steve Carell (“The Office”), the movie “Extraction” with Chris Hemsworth (“The Avengers”) and the cartoon “The Willoughbys”.
However, audience data provided by streaming services is not always a reliable way to gauge interest in a show or movie. For example, Netflix currently counts ‘Watching’ as someone who chose to watch the show for at least 2 minutes.
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