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Netflix started the year struggling as increased level of competition dominated the streaming market. Such is expected to give the online streaming service a tougher year than 2019.
Global growth aided the streaming video service from underperformance as it boosted far above expectations in the last quarter of 2019.
However, the company recognized tighter market competition and its ramification in the United States, as growth were far from Wall Street targets. In line, rival companies will soon be accessible across the globe with Disney+ planning to launch service in European zone this March.
Walt Disney Co and Apple Inc are in close competition of acquiring streaming clients as Netflix disclosed expectation of gaining 7 million subscribers internationally in the first quarter. Outlook is marginally lower than analysts’ expectation of 8.82 million.
The company has endured issues with an intention of dismissing competition as it previously called the video game Fortnite a rival rather than acknowledging other streaming companies. It took some time for Netflix to assess why Disney will only have minimal effect on its growth outside the United States.
Thailand's finance ministry on Thursday cut back its 2020 economic forecast to a record 8.5% contraction in GDP. This is a substantial contrast from a 2.8% growth it expected in January as the COVID-19 situation continued to worsen. The ministry’s ...
The second quarter had seen Australian consumer prices dropping by a record. This could be attributed to the coronavirus crisis dragging child care cost and petroleum prices, inflicting a serious damage to years of growth toward higher inflation. Last ...
Japan’s first-quarter business spending came smaller than what was initially estimated, revised data showed on Monday. This underscored a sharper damage that the novel coronavirus pandemic had inflicted on the world’s third-biggest ...
Oil prices rose on Friday as the dollar dropped to a near two-year low, but demand worries amid rising coronavirus cases and the worsening U.S.-China tensions capped gains. Brent crude gained 0.4%, or 15 cents, at $43.46 per barrel. U.S. West ...
Oil prices rose on Thursday, but an unexpected build in U.S. crude oil reserves capped gains as the coronavirus pandemic curbed fuel consumption. U.S. crude and distillate stocks rose while fuel demand fell in the past week as a continuous ...
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