Netflix Q2 2020 outcomes
Essentially the most shocking announcement in its Q2 earnings report (PDF) is the information of a brand new management construction — chief content material officer Ted Sarandos will be a part of Reed Hastings as co-CEO, and sit down on the corporate’s board.
In the case of content material, Netflix claimed sturdy efficiency with dramas like Mindy Kaling’s By no means Have I Ever (40 million views within the first 4 weeks) and “buzzy” actuality content material like Flooring is Lava (37 million) beneath its reconfigured metrics. It didn’t have a quantity but for The Previous Guard, however claimed that its Chris Hemsworth motion flick Extraction notched views in 99 million households after 28 days.
Should you’re questioning whether or not it could possibly sustain the tempo of content material releases, then Netflix says it gained’t disappoint. “For 2021, based mostly on our present plan, we count on the paused productions will result in a extra second half weighted content material slate by way of our huge titles, though we anticipate the overall variety of originals for the total 12 months will nonetheless be larger than 2020.” To fill in for titles delayed whereas productions are shut down in lots of nations, it’s acquired content material like Spongebob Film: Sponge on the Run and unreleased seasons of sequence together with Cobra Kai.