Netflix Makes a Smart Move in Its Quest for 100 Million Subscribers

The novel coronavirus pandemic has been a source of economic despair across the globe as people have been forced to remain at home to contain the spread. But entertainment seekers looking for alternatives to closed malls, theaters, and amusement parks have given Netflix (NASDAQ: NFLX) a nice shot in the arm.

The streaming giant recorded terrific subscriber growth for the quarter that ended in March, and it expects to see a huge spike in the current quarter as well. The good part is that Netflix is now taking proactive steps to boost its subscriber base in emerging markets such as India, a country where its long-term aim is to reach 100 million subscribers.

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Source Fool.com