Netflix has been having a bit of a hard time this year. Not only is Disney taking out all of its content on Netflix to prepare for its own streaming site, the highly anticipated Disney+, however, back in July the Netflix announced that for the first time in its history, but it also had a loss in subscribers over the course of a quarter.
Luckily, it seems like Netflix is getting back on its feet. According to a new report by Bloomberg, things are looking up for Netflix, with the streaming company gaining a 3.9% raise on its shares on the stock market this Monday. This rise in the site’s stock came right after the Bank of America revealed that the streaming platform had a major spike in downloads thanks to the company’s hit series, Stranger Things.
Based on data from Sensor Tower, the report revealed that Q3 downloads were up to 30% on a sequential basis and then up by 18% in a year over year comparison. Not only that, but the report also says that downloads in the US were up to 13%. Downloads in other companies saw a 34% spike.
This is definitely great news for Netflix subscribers. There’s been a lot of concern going around ever since Disney announced that it would be joining the streaming game. Not only has the Mickey Mouse House already been monopolizing most of the traditional media, but it’s also pushing its way through the streaming market with a site that streams exclusive streaming content. And what kind of Star Wars or Marvel fan would be a fool not to subscribe to Disney+ knowing that there’s going to be a lot of new shows like Star Wars: The Mandalorian and WandaVision?
How about you? Are you going to stick with Netflix? Feel free to share your thoughts in the comment section below.
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