Netflix, the streaming giant, has defied expectations as it raised subscription fees while continuing to attract more viewers, even amidst industry-wide strikes.
Despite the turmoil caused by strikes within the entertainment industry, Netflix reported a substantial increase in subscribers.
The company, which recently announced a price hike for its monthly plans, saw its user base grow by over 15% in the past quarter.
Analysts were sceptical about Netflix’s ability to retain and attract subscribers amid ongoing strikes by various industry unions.
However, the platform’s vast content library, including original series and films, seems to have provided a buffer against the disruptions caused by labour disputes.
The price increase, which averaged around 10%, did not deter subscribers, showcasing Netflix’s dominance in the streaming space.
Many users have cited the platform’s diverse content and user-friendly interface as reasons for their continued loyalty.
As Netflix marches ahead with its expansion plans and investment in original content, the streaming giant’s ability to weather industry challenges remains unmatched #featured
