Netflix lost 2M subscribers, 70% of its market value and laid off 450 employees in 2022. Looking to add a lower ad-supported offering, no longer releasing episodes at once, exploring new formats and acquiring gaming studios. Is Netflix turning into a traditional TV network? Times are not easy with increasing competition for talent, content, eyeballs…
Tag: netflix
Streaming like there’s no tomorrow
A rising tide lifts all boats – unless they crash. Netflix service was down last week in Europe and the US, Twitch experienced an outage this week. While infrastructure providers are struggling to keep up, online streaming consumption is growing rapidly. The new circumstances have opened up a significant amount of spare time: average American…