Netflix has cause to worry even if it performed better than it expected this quarter, adding twice as many subscribers as it expected amid the COVID-19 pandemic. Nearly all of its production is on hold, and the company's dubbing efforts for international markets is stalled too. But still, Netflix can pull through — the company has a formidable stockpile of content, thousands of hours' worth of shows and films. "Since we have a large library with thousands of titles for viewing and very strong recommendations, our member satisfaction may be less impacted than our peers’ by a shortage of new content," CEO Reed Hastings said on the company's earnings conference call. In 2016, Netflix's then-Chief Product Officer wrote a paper estimating that the company's recommendation system was saving them $1 billion a year. Netflix's regular strategy is its COVID-19 strategy Most of Netflix's work this year is already done: Another key practice apart from recommendation algorithms that makes Netflix uniquely prepared to tackle the pandemic is their production schedules — the company isn't pushing back any of their original releases for this entire year even though production has halted. "The one thing that's maybe not widely understood is we work really far out relative to the industry because we launch our shows all episodes at once. And we're working far out all over the world. So our 2020 slate of series and films are largely shot and are in postproduction remotely in locations all over the world," Chief Content Officer…
