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World

Have we hit peak Netflix?

20 April 2022

8:04 PM

20 April 2022

8:04 PM

This time last year, Netflix was fêted as the future of television. Its subscriptions grew by 30 per cent over 2020 as people bought in entertainment during lockdown. Netflix always warned that its growth would slow afterwards and the market seemed to accept that. But its shares have halved since their mid-November peak after a radical reappraisal of its fortunes.

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