iWorld
Netflix’s first domestic subscriber loss in 8 years; misses international addition estimate
MUMBAI: The streaming giant Netflix witnessed domestic subscriber loss for the first time in the last eight years since it separated its DVD mail-order system and streaming platform. In the second quarter (Q2) of 2019, Netflix also added nearly 2 million fewer international customers than expected.
In contrast to the projected 5 million addition in international subscribers, Netflix only gained 2.7 million subscribers. On the other hand, the company also lost more than 100,000 subscribers in the US. The company in its letter to shareholders said that Q2’s content slate drove less growth in paid net adds than it anticipated. Netflix added that the missed forecast was more noticed in the regions where prices were hiked. However, the company also denied any impact of the increased competition on the Q2 results.
“Additionally, Q1, there may have been more pull-forward effect than we realised. In prior quarters with over-forecasts, we’ve found that the underlying long-term growth was not affected and staying focused on the fundamentals of our business served us well,” the company said in a letter to its shareholders.
The streaming platform has started the third quarter with a returning season of its hit show Stranger Things while the final season of another iconic show Orange is the New Black will be released in the quarter. The company expects the subscriber growth to return to more typical growth in Q3, and said it is seeing that in these early weeks of Q3. It also forecast Q3 global paid net adds of 7 million with 0.8 million in the US and 6.2 million internationally.
However, Netflix posted revenue of $4.92 billion, in-line with Wall Street’s $4.93 billion estimate, and earnings of 60 cents per share beating analyst consensus estimates of EPS 56 cents. “Much of our domestic, and eventually global, Disney catalog, as well as Friends, The Office, and some other licensed content will wind down over the coming years, freeing up budget for more original content,” the company added.
The company also highlighted building out its licensing and brand partnerships effort, which is optimising for fan and viewer engagement over revenue maximisation. It also noted during the launch of Stranger Things season 3, the platform partnered with best-in-class brands like Coke, Nike, Burger King, and Baskin Robbins to build deep connections with the fans.
More importantly, it announced a very important move in its important international market India in front of the product initiative. “After several months of testing, we’ve decided to roll out a lower-priced mobile-screen plan in India to complement our existing plans. We believe this plan, which will launch in Q3, will be an effective way to introduce a larger number of people in India to Netflix and to further expand our business in a market where Pay TV ARPU is low (below $5). We will continue to learn more after launch of this plan,” the company said.
iWorld
Prime Video unveils trailer for Tamil series Exam, streaming May 15
Dushara Vijayan, Aditi Balan headline scam thriller set in exam world
CHENNAI: Prime Video has dropped the official trailer of its upcoming Tamil Original series Exam, a high-stakes suspense drama set in the murky world of competitive entrance exams.
Backed by creative producers Pushkar and Gayatri under Wallwatcher Films, the seven-episode series is written and directed by National Award-winner A. Sarkunam. It stars Dushara Vijayan and Aditi Balan in lead roles, with Abbas playing a pivotal character.
Set in the fictional town of Thykara, the series follows Jhansi, played by Dushara Vijayan, as she attempts to expose a deep-rooted scam, aided by her mentor Jayachandran, played by Abbas. Standing in her way is DSP Maramalli, portrayed by Aditi Balan, setting up a tense face-off driven by ambition, pressure and moral choices.
The show will stream from May 15 on Prime Video in India and across more than 240 countries and territories. It will be available in Tamil, with dubbed versions in Telugu, Hindi, Malayalam and Kannada, along with subtitles in 15 languages.
Writer-director A. Sarkunam said the story aims to resonate across geographies and social strata, going beyond the scam to explore ambition, pressure and the consequences of personal choices. He added that the narrative unfolds through the intersecting journeys of Jhansi and Maramalli, building tension as their worlds collide.
Dushara Vijayan described Jhansi as a fierce and determined character, calling the role both demanding and rewarding, with the story capturing the difficult choices her character must make.
Aditi Balan said the series offers a hard-hitting look at the exam ecosystem, adding that her character is layered and shaped by both internal conflict and external pressures.
Abbas, marking his return to mainstream Tamil entertainment, said the series stands out for its layered storytelling and unpredictable twists, with his character adding depth to the central narrative.
With its mix of suspense, social commentary and character-driven storytelling, Exam is shaping up to be a tense watch as it dives into one of India’s most high-pressure systems.
