The rise of Netflix and movie streaming services: The trend of enjoying safe, economical movies

During the outbreak of the epidemic, non-essential entertainment and service areas were closed, people were encouraged to study and work at home. Billions of people around the world know what to do in 24 hours locked up in 4 walls? The answer is "plowing movies" on online movie sites.

1. The cinema cried but the streaming site laughed

The anxiety of the global COVID-19 pandemic has kept the public around the world away from movie theaters for weeks, even months. Some analysts believe that COVID-19 could cause losses of at least $ 5 billion (116 trillion) from reduced box office sales and affected production. A series of cinemas in the US, China, Japan, South Korea and even Vietnam have closed for weeks.

Blockbuster series postponed, the movie theater also closed

Besides theaters closing or reducing screenings, many blockbusters have postponed or delayed indefinitely. Blockbusters that planned to hit theaters between now and May include Mulan (Mulan), No Time to Die, Black Widow, Black Woman, Wonder Woman 1984 (Warrior Goddess 1984 ) … have rescheduled. American box office revenue recorded revenue as a plentiful zero.

Television, web movies to the throne

However, the atmosphere on online streaming sites is different. Netfix shares rose 6% in February when the corona-19 outbreak began to spread globally. After less than 3 months of launch, Disney +, the popular online video service of entertainment giant Disney has reached the milestone of 28.6 million users. Last week, Netflix, YouTube, Disney +, Amazon … all had to announce to reduce the video quality because of the sudden increase in viewership.

Watching movies at home becomes a safe solution

The streaming village will also welcome newcomers in the next two months. The first is Quibi, which is expected to debut on April 6. NBCUniversal's Peacock followed the test launch on April 15, before officially pitching on July 15. Finally, HBO Max will be released in May.

2. Huge movie store with saving costs

Obviously, watching movies online is much more dominant in the epidemic season. The audience does not have to watch the thousands of films from television to cinema to the sound quality, the image is not inferior to the theater. The site also allows you to share accounts with family and friends, saving small costs. For example, Netflix's Premium package is currently 260,000 with 5 profiles, each person only pay more than 50 thousand / month, even cheaper than going to a movie outside the theater.

Two "big" eaters should make the most today

Viewers can also buy or rent bluray DVDs to enjoy blockbuster movies. However, this requires viewers to own a DVD player – something nearly extinct in many families. An original DVD is priced from 12-19 dollars (300-400 thousand), quite expensive with Vietnamese pocket money. Meanwhile, buy a streaming account, you can watch movies on TV, computer, phone … wherever you are.

3. Blockbuster landed the streaming channel, the audience benefited greatly

In the context of the film being lost or "stocked" during the season, many studios choose to release in parallel or direct the film on the online platform. Frozen 2 made a surprise appearance on Disney +, three months earlier than originally planned for June. Trolls World Tour was released in tandem both in theaters and streaming sites.

New movie on Disney +

Onward, The Invisible Man, Bloodshot have not been shown for a long time and moved to online channel. Time to Hunt, the Korean blockbuster of Choi Woo Shik, after a few delays in waiting for the epidemic, has now been sold to Netflix.

Movie coming to Netflix in April

Streaming studios themselves have to postpone releases or postpone filming because of COVID-19. However, they have a huge film store, paying huge royalties to buy foreign films. The hottest Korean and Chinese dramas in recent times such as The Next Station is Happiness, Landing in the UK, Itaewon Class, and the upcoming The King: The Eternal Monarch. available on Netflix. Netflix representatives confirmed they have enough films to show by the end of the year. Viewers who are isolated at home will also not worry about running out of movies in the future.