Netflix is finally turning things around again with the company reporting a strong quarter and $7.9 billion in revenue. It has also forecasted a significant growth in subscribers in the next quarter.
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The streaming giant initially pledged $100 million to provide financial relief to out-of-work employees during the coronavirus crisis. Now, it has stated that it is increasing the fund by $50 million.
Netflix, for the first time, shared some of its viewership numbers in its Q4'18 report. It also said that it's focusing more on stealing time from other activities than subscribers from competitors.
Following a statement by Netflix's Chief Product Officer, Gregory Peters, last month suggesting cheaper streaming prices in India, CEO Reed Hastings made it clear now that there's no such plan.
After Netflix has decided to crack down on VPN usage a few months ago, CEO Reed Hastings said today that it hasn't hurt the firm's bottom line. He said it affects a small but vocal minority.
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