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."

Comments

Re:Matter of time

[Wraithlyn]

Console games - just launched prices have risen from around 40bucks to 70 in less than a decade.

Console game prices (major studio releases, not indie titles) have been in the $50-$70 range for decades.

AAA console games like Street Fighter II and Final Fantasy III had release prices of $70, and that was 25 years ago.

Adjusting for inflation, console games have never been cheaper.