Netflix has just announced that their streaming service has surpassed 200 Million Subscribers in 2020, gaining a whomping 37 million users in the past year. They are now claiming they no longer need to borrow cash to fund their growth strategy and have enough cash flow to supplement their investments.
Netflix’s competition has never been stronger, amongst Disney+, Apple TV, Hulu, HBO Max, Peacock, and many, many more, Netflix has to continue innovating to stay at the top. With Disney+ announcing its upcoming 10 Marvel shows and 10 Star Wars shows and HBO Max receiving all 11 Warner Bros. movies upon release date, all the streaming giants are in a race for quantity of content.
Almost in answer to this race, Netflix recently announced that they will be releasing a new film every single week in 2021. These films feature stars including Leonardo DiCaprio, Sandra Bullock, Dwayne Johnson, Idris Elba, Meryl Streep, Zendaya, Jennifer Lawrence, Ryan Reynolds, Jennifer Garner, Gal Gadot, Dave Bautista, Naomi Watts, Jake Gyllenhaal, John David Washington and Octavia Spencer.
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