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Netflix's Subscriber Boom Shows the World is Accepting Internet TV (cnbc.com)
Netflix's boom in subscribers is a sign that the world is accepting internet TV, meaning without commercials and on-demand, said CEO Reed Hastings during an earnings call with investors. From a report: "The basic demand is increasing as people get more comfortable and more aware of Internet television where you don't get the commercial interruptions, where you get to watch where and when you want," said Hastings. Netflix reported $2.47 billion in revenue during Q4 2016, and earnings per share of 15 cents. The streaming giant wildly beat its original projections for subscriber additions, bringing in 7.05 million new customers compared to its Q3 estimate of 5.2 million. The majority of adds were from international viewers. Even though some shows -- like "Gilmore Girls" -- started as traditional TV shows before moving to Netflix, a large part of the draw for new subscribers came from original shows. Almost half of the most searched for shows this year were Netflix originals, said Ted Sarandos, chief content officer. The company has 42 launches coming up, including Marvel's "Iron Fist" and Drew Barrymore's zombie comedy "Santa Clarita Diet."
Plus, this gouging will get Gov't involved - they are asking for repeat of breakup of Bell.
You obviously have been in a coma for a while.
Der Trumpenfuhrer and the Republicans who control congress are absolutely opposed to anything that prevents ISPs and the big media companies from screwing consumers as much as possible.
Thanks to unlimited approval of mergers, the biggest ISPs, who have monopoly control of Internet access, are also owners of most of the content creators.
Netflix's boom in subscribers is a sign that the world is accepting internet TV, meaning without commercials and on-demand, said CEO Reed Hastings
Yeah we've seen the "no commercials" promise before when cable TV was becoming a thing and it was bullshit then too. They'll only stay away from commercials long enough to get a subscriber base. Commercials are where most of the money is and it will be hard for them to ignore that fact. I have a hard time imagining Netflix being immune to the siren's call of that much cash forever.