Netflix faced more competition than ever before in 2020, but the streamer is showing little sign of flagging, ending the year with an unprecedented nearly 204 million global subscribers.
It turns out, the pandemic is a more powerful force than the threat of new rivals. Lockdowns around the world helped to significantly boost streaming sign-ups across the board, and Netflix benefitted from the industry’s overall boom, adding more than 36 million subscribers during the year.
Though most of its new subscribers came during the first half of 2020, it added 8.51 million subscribers during the fourth quarter, more than the 6 million that Wall Street investors were expecting.
Read more on hollywoodreporter.com
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