When Netflix hosted its Q2 2022 earnings call on July 19, the company was expected to share that it had lost roughly 2 million subscribers in the quarter. Much to investors’ surprise, however, the streamer reported a loss of only 970,000! What can be credited for this good news? Netflix co-chief executive Reed Hastings has an idea.
“If there was a single thing, we might say Stranger Things,” Hastings told investors.
It’s safe to say that Stranger Things saved the day, and honestly, we’re not surprised! Naturally, with that huge credit, it would only make sense that Netflix would want even more of the horror-sci-fi hit. Well, on that same call, it was revealed that they almost did. Allow us to explain.
Ted Sarandos, Netflix co-chief executive officer, shared how Covid increased the production costs for the season, saying, “Well, that particular show was probably affected as much as any because of...
“If there was a single thing, we might say Stranger Things,” Hastings told investors.
It’s safe to say that Stranger Things saved the day, and honestly, we’re not surprised! Naturally, with that huge credit, it would only make sense that Netflix would want even more of the horror-sci-fi hit. Well, on that same call, it was revealed that they almost did. Allow us to explain.
Ted Sarandos, Netflix co-chief executive officer, shared how Covid increased the production costs for the season, saying, “Well, that particular show was probably affected as much as any because of...
- 7/21/2022
- by Alec Bojalad
- Den of Geek
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