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Netflix explores livestreaming with plans to launch unscripted content, events
LOS ANGELES - It’s the latest venture being tested out by Netflix: livestreaming. The news was first exclusively reported by Deadline and confirmed by FOX Television Stations. While the streaming company is currently in its early stages of development and doesn’t have an official timeline yet, its efforts are concentrated on unscripted content and live events. This means Netflix would have the ability to do live comedy specials at events such as its recent Netflix Is A Joke festival and competition series that involve live voting. RELATED: Norm Macdonald’s secret, final standup special coming to NetflixIn addition, the company could choose to do live reunion specials on hit reality series including "Love is Blind" and "Selling Sunset."This move by Netflix comes as many other companies and networks hop on the livestreaming bandwagon. It also comes just one week after Netflix announced the layoffs of 150 employees. Last month, the company also reported its first paid subscriber loss in more than a decade, which could explain its move toward new concepts like livestreaming."As we explained on earnings, our slowing revenue growth means we are also having to slow our cost growth as a company.