Placeholder canvas

COVID-19 effect | Netflix, Amazon Prime witness sharp spike in new subscribers due to lockdown

Date:

The lockdown has indeed blessed us with an abundance of time and this in turn has increased the online content consumption.

Web streaming platforms like Netflix, Amazon Prime, etc have reported a sharp spike in the number of subscribers post lockdown.

Netflix reported an increase of 15.8 million subscribers in its first quarter.

According to The Verge, the increase in the number of subscribers of the platform is more than half of what was expected. However, an increase of 7.2 million subscribers was expected from the platform.

ALSO READ: Mark Your Calendar: ‘Friends’ sitcom returns to streaming on May 27

As per The Verge, the popular online video streaming platform now has 182 million subscribers across the globe.

The quarterly revenue of the company stood at USD 5.77 billion.

Meanwhile, as per reports, the lockdown has helped boost Amazon Prime memberships in the US. Amazon Prime’s US membership base grew to 118 million individual members as of March 31.

The platform showed signs of extra growth in the last two weeks of the quarter as stay-at-home orders spread in US cities.

As per reports, Amazon also found success in converting trial memberships into paid memberships, with the conversion rate for 30-day trials increasing to 70% last quarter after trending downward in recent years.

For viral videos and Latest trends subscribe to NewsMobile YouTube Channel and Follow us on Instagram

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Share post:

Subscribe

Popular

More like this
Related

H1B Visa: USCIS Gears Up For Lottery Selection For Fy-25

Due to a technical issue with its website, the USCIS delayed the deadline for visa applications for the financial year 2025 by three days from March 22nd to March 25th, 2024

To Browbeat And Bully Others Is Vintage Congress Culture: PM Modi After 600 Lawyers Write CJI

New Delhi: In response to the voiced apprehensions of...

Allu Arjun’s ‘Pushpa’ Saga: Trilogy Confirmed with ‘The Roar’ Title

As the dust settles from the electrifying release of...

IPL 2024: Delhi Capitals Win Toss, Opt to Bowl First Against Rajasthan Royals

Jaipur: Delhi Capitals (DC) skipper Rishabh Pant won the...