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Netflix CEO Expects Slower Subscriber Growth in Second Half 2020 After COVID-19 Bump

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Content chief Ted Sarandos says 2020 originals have been shot, doesn't expect reshuffling of releases By Todd Spangler NY Digital Editor Netflix reeled in a staggering 15.8 million subscribers in the first three months of 2020 — a record for the company fueled by the coronavirus quarantine — but execs are not sure what the long-term effects of the crisis will be on the business. “It’s an incredible tragedy for the world,” chairman and CEO Reed Hastings said about the coronavirus pandemic, speaking on Netflix’s Q1 earnings interview.

Hastings said Netflix is “unsure what the future brings. It’s super hard to say if there are long-term implications.” He said Netflix’s guess is that subscriber additions in Q3 and Q4 2020 will be lighter

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