Netflix and Shop: Online Store Offers Limited-Edition Merchandise

Netflix
FILE PHOTO: Small toy figures are seen in front of diplayed Netflix logo in this illustration taken March 19, 2020. REUTERS/Dado Ruvic/Illustration/File Photo

Netflix Inc will launch an online store to sell limited-edition apparel, lifestyle merchandise and collectibles based on “Stranger Things,” “Lupin” and other popular shows, the streaming giant said on Thursday.

Netflix.shop will be available in the United States starting on Thursday and expand to other countries in the coming months, Netflix said in a blog post.

The video streaming pioneer is facing a growing list of competitors offering their own streaming services with new movies and TV shows. In April, Netflix fell short of Wall Street projections for new subscribers.

The online store offers a new source of revenue for Netflix and expands its product line beyond the items it sells through partners such as Target Inc and Walmart Inc.

Merchandise in the online shop will be “carefully selected high-quality apparel and lifestyle products,” the company said.

Items debuting this month include streetwear and action figures based on anime series “Yasuke” and “Eden,” and apparel and decorative items inspired by French crime thriller “Lupin,” Netflix said. The “Lupin” products were developed with the Louvre museum.

In the future, the company plans to introduce products based on hit series “The Witcher” and “Stranger Things” and Netflix logo-wear from Japanese fashion house BEAMS.

Netflix has also created video games based on shows “Stranger Things” and “La casa de Papel (Money Heist).”

Shares of Netflix rose 0.4% to $487.72 in afternoon trading on Nasdaq.

Reporting by Nivedita Balu in Bengaluru and Lisa Richwine in Los Angeles; Editing by Anil D’Silva and Shinjini Ganguli; Reuters

Total
0
Shares

Leave a Reply

Previous Post
Warner Bros

Warner Bros. Plans Anime Movie in ‘Lord of the Rings’ Series

Next Post
IMF

IMF Sees Legal, Economic Issues With El Salvador’s Bitcoin Move

Related Posts