Netflix announced its most recent earnings late last month and the company’s share price plummeted. If you’re wondering why, the answer is simple: Netflix’s subscriber growth is really slowing down.
As recently as a year or two ago, people found it laughable that emerging streaming competition might actually put a dent in mighty Netflix’s business. Fast-forward to 2021, however, and it looks as though the naysayers were wrong. New streaming services like HBO Max, Peacock, and more are unquestionably impacting Netflix’s business, but there’s also another troubling trend taking shape right now. Netflix’s original movies and shows, which are the prime attraction for the streaming service, have been seriously lackluster lately.
If you’re wondering whether the Netflix May 2021 release schedule looks like a step in the right direction for new originals, you’ll find your answer right here.