Netflix may be expanding into live streaming. According to a report by meetingNetflix is currently working on a live streaming option for stand-up specials and other live content.
As stressed by meetingLivestream support could open up Netflix’s ability to air live reunions like those recently held by the real estate reality show Sell sunsetas well as enable live voting for competitive shows.
Netflix could also use the feature to air live comedy specials. This year, Netflix hosted its first-ever live and in-person comedy festival, dubbed Netflix Is a Joke Fest. The Los Angeles event spanned several days and featured over 130 popular comedians including Ali Wong, Bill Burr, Jerry Seinfeld, John Mulaney and more. Netflix is expected to start airing some of the shows it recorded at the event later this month and into June, but a live option could give users at home the ability to watch shows while they’re at it unfold (that is, if Netflix decides to bring the festival back). next year).
So far, we don’t know much about the upcoming feature, and Netflix hasn’t immediately responded to it The edge‘s request for comment. Disney Plus, one of Netflix’s biggest competitors, has already jumped into live streaming. In February, Disney Plus aired a live broadcast of the Oscars, a first for the service. It has also become the new home of the celebrity dance competition series, Dancing with the starswhich is set to debut as a live series on the platform later this year.
In Netflix’s latest earnings report, the streaming service reported that it lost subscribers for the first time in over a decade, while Disney Plus added 7.9 million new users in the first quarter of 2022. To counteract a drop in revenue and subscribers, Netflix has hinted it might crack down on password sharing and add a cheaper ad-supported streaming option.
Disclosure: The edge is currently producing a series with Netflix.