Netflix’s massive subscriber growth is slowing down, but they’re not worried about next year. Though the entertainment industry took a hit this year, streaming services are thriving. YPulse’s new TV and entertainment report found the number of young consumers who subscribe to multiple streaming platforms increased from 57% in 2019 to 69% this year as they’ve increased their focus on at-home entertainment. Netflix reported “colossal subscriber gains” over the past two quarters, which drove its stock up nearly 70%. Despite the chances that their numbers could lower next year, Netflix says they’re not worried about running out of content and are confident they have “an exciting range of programming for [their] members.” (CNN, The Verge)
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