Daily Mail Reports: Netflix appears to steadily be climbing its way out of financial ruin after canceling ' woke ' programming and deciding to back controversial figures like Dave Chapelle.
The streaming service took a hit in the first half of 2022, losing about 1,170 million subscribers as rivals such as Paramount+ and Disney+ raked them in.
The huge decline was seen by some as a direct consequence of the company's late response to demands from its viewers to tone down their woke agenda.
But Netflix started bouncing back after the cancelation of some of its progressive programming flops, including Meghan Markle 's Pearl, Dr. Ibram X. Kendi's Antiracist Baby and He's Expecting, which depicts a man who becomes pregnant.
Netflix added about 7.6 million subscribers in the fourth quarter of 2022, which was higher than forecasted, and is now at about 230.7 million paid subscribers.
The share price went from 230.05 in October 2022 to 299.93 in March 2023.
Comments
disqus_X8HPaPq7XH
from the old Disqus comment system
Apr 4, 2023
Agree. We did cancel Netflix over Cuties. Then they made some kind of anti-woke statement and we decided to give them another shot. We also canceled Disney+ and HBO but never got it back.
notwokeshows
from the old Disqus comment system
Apr 3, 2023
Who'd have thought, that if you give people what they want to watch, rather than what the woke mob say you want, the service suddenly starts to flourish. On the flip side, Disney is embracing wokeness with both hands and going broke faster than a speeding bullet.