Netflix confirms move into video games as its growth slows

13 Sept 08:03 Key points summarised by AI

Netflix reported its slowest subscriber growth in eight years, adding only 1.5 million in Q2 and 5.5 million in the first half of 2021, a stark decline from its pandemic-fueled surge.
To counteract this slowdown and enhance subscriber value, Netflix confirmed its entry into video games, which will be included in existing subscriptions at no extra cost.
The streaming giant plans to initially focus on mobile games, often linked to its popular programming, with a long-term vision to expand to consoles and TV sets, aiming to deepen subscriber engagement.
This strategic expansion into the competitive gaming market is a multi-year initiative designed to drive future subscription growth and potentially allow for future price adjustments, rather than providing an immediate boost.

New home loan scheme aims to boost property sector with Bt125 billion

20 Oct 11:38 Key points summarised by AI

The Cabinet approved a new Bt50-billion 'A House for Each PLUS' home loan scheme from the Government Housing Bank, offering up to Bt3 million with 40-year repayment terms for low- and middle-income earners.
This initiative aims to significantly boost the property sector and national economy, projecting to generate Bt125 billion in economic activity and create jobs.