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Entertainment Digital Platforms Gained Immense Profit During Corona Virus Lockdown

Digital Platforms Gained Immense Profit During Corona Virus Lockdown

Due to the coronavirus lockdown, most of the sectors are badly affected. But there is one sector that has got immense benefit during this lockdown. Read Out To Know

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The whole world has suffered huge losses not only in the health sector but also on the economic fronts. But among these, online digital platforms are in benefit since the Netflix subscribers have grown twice the expectations. In just three months the subscribers were double of what it was expected.

According to a report, the online streaming platform Netflix announced on Tuesday that it gained huge profits over the quarter. Netflix said, “15.77 million or more than 15 million paid subscribers have increased in the last three months beyond expectations.” Though, Netflix was expecting just 7 million. At the same time, around 64 million people have watched the Tiger King documentary during this epidemic lockdown. Netflix’s original film Suspensor Confidential was viewed by 85 million viewers. 

Apart from Netflix, the Indian OTT platform Alt Balaji informed that there has been a tremendous increase in subscribers. Presently 1.7 million active subscribers are connected to this digital platform. Alt Balaji CEO and Group COO Nachiketa, in interaction with CNBC, claimed that on average, 17000 new subscribers are adding up every day. Presently 1.7 million active subscribers are connected to this digital platform. Also let us tell you that after the shooting stopped, Netflix has also created a $ 100 million fund to help the artists. 

Also, read Mithun Chakraborty’s Father Passes Away In Mumbai: The Actor Stuck In Banglore

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