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Pandemic and chill: Netflix adds a cool 16M subscribers

Pandemic and chill: Netflix adds a cool 16M subscribers
Posted at 2:48 PM, Apr 21, 2020
and last updated 2020-04-21 19:04:02-04

BERKELEY, Calif. (AP) — Netflix is cementing its status as one of the world's most essential services during a pandemic as more people latch on to its vast video library as a source of entertainment and comfort during a time when there is almost nowhere to go but home.

The video streaming pioneer picked up nearly 16 million global subscribers during the first three months of the year in a performance that more than doubled the growth that Netflix forecast in January, well before the COVID-19 outbreak began to shut down the economy.

The performance announced Tuesday lifted Netflix's already soaring stock to new highs.