Netflix says the company does not fear the arrival of Apple TV Plus and Disney Plus. According to them, the "transition from linear to delayed viewing" is huge and all parties benefit from it. The company has stated this during the presentation of its quarterly figures.

The fact that Netflix is starting to earn less and less from its customers, approximately 2%, is due to unfavourable currency differences. The number of paying customers is continuing to increase. In the first quarter of 2019, an additional 9.6 million customers subscribed. Of these customers, 7.8 million are located outside the US. Netflix expects a decreasing growth for the second quarter, approximately 5 million customers.

The streaming company converted 4.5 billion dollars in the first quarter. Its net profit is valued at an amount of 344 million. Netflix is ​​expecting more revenue for the second quarter, but a slightly lower profit. Netflix also confirms an upcoming price increase in "some parts of Europe". According to the company, price increases in the US have not had a major negative effect.

Netflix vs Disney

Last Monday, it was announced that rival Hulu bought AT&T’s interest of 1.4 billion dollars back that it had in the company. Hulu is a joint venture of Disney and American telecommunications giant Comcast. Only WarnerMedia is still a shareholder as of this moment. Disney has great ambitions in the field of video services. The company is going to launch Disney Plus in the US in November. There are plans to roll out the Hulu platform outside of the US as well.

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CEO of Primark, Paul Marchant spoke to Retail Week about the attractiveness of the shop that is opening on April 11th. It will be 160,000 square feet. He says it is: “the latest jewel in the crown.” Primark’s brand image is built on low prices and great fashion. According to Marchant, this is not enough for shoppers to jump out of bed and visit the shop on a rainy Saturday morning. He says that those days, consumers would rather “stay at home, watch Netflix and stay cosy.”

Primark shopping experience

Marchant also mentions that shoppers want to be inspired and feel excited by a trip to the shopping centre. This is why according to him experiential retail is so important. Primark is now waiting to see if the solution turns out to be financially viable. If so, the retailer could start offering click-and-collect in the future as a way to increase footfall.

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