Why the new corona virus outbreak could actually be good news for Netflix

There is no doubt that the spread of the new coronavirus is damaging the global economy,media BGR reported. Whether it’s commodity production in China, tourism in Italy, or trade shows that are critical to marketing products, they are affected by the COVID-19 outbreak. This week’s sell-off on Wall Street proved to be evidence of panic among investors. But for some companies, the new corona virus isn’t bad news, and analysts have identified a business that could thrive during the extended flu season: streaming video services.

It’s a way of entertaining anywhere, and Netflix is one of those companies that is expected to remain profitable during the outbreak.

Netflix’s shares rose 0.8 percent this week, a modest gain but much better than most companies. This suggests that investors believe that any Internet company that can provide home entertainment will do well during the outbreak, especially among people who are isolated at home around the world.

In addition to being from Netflix, the list includes companies like Facebook, Amazon, Pelleton and even Slack, Variety reported.

Why the new corona virus outbreak could actually be good news for Netflix

Why the new corona virus outbreak could actually be good news for Netflix

“We’re trying to determine which products/services/businesses will potentially benefit from a world where individuals are isolated,” JC O’Hara, an analyst at MKM Partners, wrote in a report on Thursday. “

“If the epidemic is more common internationally, but the level of panic is low, more people may be looking for home entertainment options, such as companies such as Comcast and AT?T, as well as Netflix, Disney, and Disney, ” the Moody’s Investors Service analyst said in a research note. Programs and movies on platforms such as Comcast’s Peacock, AT.T’s HBO Max and others. “