![]() ![]() It's resumed some production in Europe as well as two stop-motion animation projects in Oregon and two films in California. Netflix said it's made the most progress resuming production in Asia Pacific and never fully shut down in Korea. It expects that current production setbacks will push more of its big titles to the end of 2021, but that the "total number of originals for the full year will still be higher than 2020." Netflix plans to supplement its original content with other films and shows it's acquired. ![]() ![]() Netflix said it does not expect its 2020 slate of content to be significantly impacted by production shutdowns created by the pandemic. Our continued strong growth is a testament to this approach and the size of the entertainment market." "Instead of worrying about all these competitors, we continue to stick to our strategy of trying to improve our service and content every quarter faster than our peers. "TikTok's growth is astounding, showing the fluidity of internet entertainment," the company wrote to shareholders. Netflix, which in the past has named everything from Snapchat to sleep a competitor, now counts social media app TikTok among its rivals. Our paid net additions for the month of June also included the subscriptions we cancelled for the small percentage of members who had not used the service recently." Executives said in the shareholder letter that "growth is slowing as consumers get through the initial shock of Covid and social restrictions. ![]()
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