Netflix Blames Lack of Original Content for Slower Subscribers Growth in Q1 2021
Apr. 21, 2021Drastic Reduction in Net New Subscribers on Netflix
Now, Netflix has acknowledged the fact and company executives haveblamed the pandemic for causing production delaysoftheir original shows. The company says that although the competition in the OTT scene has becomea lot more intensewith various new entries, the reduction of the net new subscribers is a result of feweroriginal showsand movies on Netflix.
“We continue to anticipate a strong second half with the return of new seasons of some of our biggest hits and an exciting film lineup.In the short term, there is some uncertainty from COVID-19; in the long term, the rise of streaming to replace linear TV around the world is the clear trend in entertainment,”added the company.
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