Netflix, reeling from a staggering lack of subscribers and tanking of its share worth, is engaged on a livestreaming possibility for stand-up specials and different content material, Deadline reported.
Livestream assist might open up enormous prospects for Netflix, opening the door to air dwell reunions, such because the one lately held by Selling Sunset — an actual property actuality present — and allow dwell voting for competition-based actuality reveals.
The streaming large might additionally use the characteristic for dwell comedy specials. Netflix held its first-ever in-person and dwell comedy pageant — Netflix Is a Joke Fest. The occasion came about in Los Angeles and spanned a number of days, that includes over 130 comedians, equivalent to Bill Burr, Ali Wong, John Mulaney, and Jerry Seinfeld. Netflix plans to air among the reveals from the occasion later this month and June. A dwell possibility, nonetheless, might give house customers the flexibility to look at reveals as they unfold.
Disney Plus, amongst Netflix’s greatest rivals, has already moved into livestreams. In a primary for the service, it aired a dwell displaying of the Academy Awards in February. It can be the brand new house of the movie star dance competitors Dancing with the Stars, which is able to debut as a dwell sequence later this yr.
Also Read | Bingeing on buddy’s Netflix account? Get able to pay a payment
In its most up-to-date earnings report, Netflix reported shedding subscribers for the primary time in a decade. On the opposite hand, Disney Plus added 7.9 million new customers within the March quarter.
Also Read | Netflix inventory worth crashes as 2 million subscribers loss anticipated in Q2
To assist counter the dip in subscribers and income, Netflix plans to introduce a lower-priced ad-supported plan by the tip of 2022, a lot sooner than deliberate initially, The New York Times reported citing an inner word.
Also Read | Disney+ to launch in 42 international locations in summer season 2022: What it means for Netflix
The streaming service large additionally plans to start out cracking down on password sharing amongst subscribers across the similar time. Netflix will crackdown on customers sharing passwords it’s making it more durable to develop, the corporate had mentioned earlier.
Source: www.financialexpress.com”