Netflix’s Accidental Coup
The streaming service is thriving at a time when many industries, including theaters and movie studios, are frozen.
The global economy is plummeting in response to the coronavirus. Whole industries are frozen, and businesses such as movie theaters are facing months of lost revenue. But at least one company is thriving in a time when people are being urged to stay home: Netflix. Yesterday, the streaming service announced a staggering rise in subscriptions during the first quarter of 2020. Some 15.8 million people around the world signed up for the service through March—more than double what Wall Street analysts had predicted.
