Meghan and Harry were key in Netflix’s impressive rebound
Netflix ended last year with more than 230 million global subscribers and far exceeded analysts’ expectations. In this remarkable exercise, the hits “Harry & Meghan” and “Wednesday” contributed a lot, allowing them to recover several subscribers who had left in recent months.
In a company statement it is said that “2022 was a difficult year, with a rocky start, but a brighter end.” Netflix also announced that co-founder Reed Hastings will step down as CEO after 25 years. He turned the company from a mail-order DVD rental service to an entertainment giant.
Hastings relinquished control of Netflix to his two longtime associates, COO Greg Peters and Ted Sarandos, who has been the face of Netflix in Hollywood and is responsible for signing the million-dollar contract with Meghan Markle and the Prince. Harry.
Netflix became a publicly traded company in early 2002 at an opening price of $15 per share . Shares of the television streaming service rose nearly 7 percent to $337.31 in trading after the earnings release for the final quarter of 2022.
In the past three months, the streaming giant has attracted 7.7 million new subscribers , bringing Netflix membership worldwide to 230 million people. The royal documentary “Harry & Meghan” premiered on December 8 and became a magnet for new subscribers. They were followed by the horror comedy “Wednesday” , the “Addams Family” spin-off and “Glass Onion: A Knives Out Mystery” .
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