Is COVID-19 an opportunity for video streaming services or not?

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According to medianova in its article “How Is Corona-virus Affecting The Streaming Industry?” there is a drop in all industries even the streaming industry.

The question is that can COVID-19 be an opportunity for video streaming services or not?

There are many statistics in this article which shows us this drop in revenue and membership of these video streaming services. One of the reasons is that as many people get jobless, they unsubscribe from all the streaming video websites and platforms. 

Although it is a fact, there was an exception in this industry which could have a big rise due to the spread of Coronavirus.

According to digitaltveurope.com, in the article “Netflix smashes target with 16 million signups in Q1”, Netflix is one the Best Video Streaming Services which was able to gain almost 16 million during the last 3 months as the coronavirus effect for this streamer.

The two most favorite videos which make this rise are Tiger King and La Casa De Papel (aka Money Heist).

Netflix’s Tiger King

Tiger King has 64 million views,
dating show Love Is Blind being watched by 30 million customers,
and the latest season of Spanish drama La Casa De Papel snagging 65 million hits.

How could COVID-19 be an opportunity for video streaming services like Netflix?

Netflix said: “We’re acutely aware that we are fortunate to have a service that is even more meaningful to people confined at home, and which we can operate remotely with minimal disruption in the short to

medium-term.

“Like other home entertainment services, we’re seeing temporarily higher viewing and increased membership growth. We expect to view to decline and membership growth to decelerate as home confinement ends, which we hope is soon.”

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