As Netflix (NFLX) announced, the company will release in its most ambitious year of production no more than 70 films on its eponymous platform in 2021, Due to the Covid-19 situation cinemas come under increasing pressure in many countries throughout the world.
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There are several high-profile Netflix projects in their portfolio, including the action movie Red Notice with Dwayne Johnson, Ryan Reynolds, and Gal Gadot, and sequels to the romantic comedy The Kissing Booth and all the Boys I’ve Loved Before. Netflix will be releasing 12 dramatic films this year, including Halle Berry’s directorial debut and a movie starring Leonardo DiCaprio and Jennifer Lawrence, Bloomberg reports.
Previously considered a forbidden word by film lovers and lovers of the classic big screen, Netflix is now one of the few film studios that can be relied on in the current market climate. The cinema industry has been shaken by the coronavirus pandemic, with rival production companies experiencing problems finding audiences away from the cinemas. Many production companies have decided to delay the debut of their productions until the cinemas reopen. The number of Netflix subscribers has increased.
In 2020, Netflix (NFLX) started taking advantage of the streaming phenomenon, releasing films by directors such as Spike Lee, George Clooney, Gina Prince-Bythewood, and others, thus grabbing viewers’ attention keeping them glued to the screens. The company also purchased the rights to films that weren’t able to reach the public in film theatres due to measures against Covid-19.
There are 52 English-language films in the program, 10 in other languages, and eight animated/animation productions. These 70 productions do not include Netflix documentaries.
Netflix (NFLX) was trading -4.95% away from 20 days Simple Moving Average. The company’s weekly performance was -5.10% in contrast to the annual performance of 45.83%. The communication service sector giant has 8600 employees on its payroll and a Market capitalization of 217.71B.
