Netflix may be expanding to live streaming. According to a report by DeadlineNetflix is currently working on a live streaming option for stand-up specials and other live content.
As indicated by Deadlinesupport for live streams could open up the possibility for Netflix to broadcast live reunions, such as the one recently held by the real estate reality show Sell sunsetas well as live voting for competition shows.
Netflix could also use the feature to broadcast live comedy specials. This year, Netflix held its first-ever live and in-person comedy festival, called Netflix Is a Joke Fest. The Los Angeles-based event spanned several days and featured more than 130 popular comedians, including Ali Wong, Bill Burr, Jerry Seinfeld, John Mulaney and more. Netflix plans to air some of the shows it recorded during the event later this month and into June, but a live option could give home users the ability to watch shows as they unfold (if Netflix chooses to bring the festival back next year).
So far, we don’t know much about the upcoming feature and Netflix hasn’t responded immediately The edge‘s request for comment. Disney Plus, one of Netflix’s biggest rivals, has already entered live streams. In February, Disney Plus aired a live broadcast of the Academy Awards, a first for the service. It has also become the new home of the celebrity dance competition series, Dancing with the starswhich will debut as a live series on the platform later this year.
In Netflix’s most recent earnings report, the streaming service reported losing subscribers for the first time in more than a decade, while Disney Plus added 7.9 million new users in the first quarter of 2022. To counter a slump in revenue and subscribers, Netflix has suggested it might crack down on password sharing and add a cheaper, ad-supported streaming option.
Revelation: The edge is currently making a series with Netflix.