Tech

Netflix to release at least 80 films in 2022

bottom line: Netflix has a complete 2022 movie roster of at least 80 films across a variety of genres. On average, more than one new movie is released per week, and we hope this should justify the company’s recent price hike.

Streaming leader in recent times published its 2022 movie preview trailer featuring films featuring top-notch actors including Jamie Foxx in Day Shift, Hustle starring Adam Sandler, You People starring Jonah Hill, Eddie Murphy and Julia Louis-Dreyfus and The Gray Man with Ryan Gosling and Chris Evans. .

Netflix is ​​investing heavily in original content to stay ahead of the competition, and 2022 will be no exception. According to a message from Financial Times At the end of last year, Netflix was expected to spend more than $17 billion on content this year. If true, that would be 25 percent more than what was spent in 2021 and 57 percent more than what was spent on content in 2020.

Netflix, in its latest earnings report, said it has 222 million paying subscribers in over 190 countries, with 8.3 million added in the fourth quarter. This was not enough to reassure investors who were worried about the growing competition from competitors such as Amazon and Disney. A massive stock sell-off began and Netflix shares fell from $508.25 before the news dropped to $397.50 a day later.

The share price rebounded slightly, but suffered another setback today, currently trading at $406.44 a share.


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