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Netflix Nears 100 Million Subscribers (go.com)
With the release of its first-quarter earnings, Netflix predicted it will surpass 100 million global subscribers this weekend. "The service added nearly 5 million subscribers during the first three months of the year, and will end March with 98.7 million customers in roughly 190 countries," reports ABC News. From the report: About 51 million of Netflix's subscribers are in the U.S. By the end of this year, Piper Jaffray analyst Michael Olson expects the majority of the company's subscribers to be overseas. Netflix ended March with nearly 48 million subscribers outside the U.S. Netflix CEO Reed Hastings expects the next 100 million subscribers to come more quickly than the first 100 million, but he didn't provide a specific timetable during online video review of the company's first quarter. The Los Gatos, California company currently has a market value of about $63 billion. Its stock rose $1.90 to $149.15 in Monday's extended trading, even though subscriber growth during the first quarter came in slightly below management forecasts. As it is, Netflix expects to spend about $6 billion on programming this year. The Los Gatos, California, company earned $178 million on revenue of $2.6 billion in the first quarter. Analysts predict Netflix will make $482 million on revenue of more than $11 billion for the entire year.
A bold prediction to make...in April.
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The catalogue sucks if you're not in the USA. Even some of the EU countries cannot access most of the content without using some form of the VPN access. If I am paying for it, then give me all of the service or gtfo.
Editor's note: the story has been moved up on the front page due its popularity.
Stop it. I scan new articles from the top of the front page down until I hit one I've already seen (on the last visit). I don't want article I'm finished with popping up again at the top.
n/t
The next 100MM will be there faster than the first 100MM, so all you need to do is see what time it took, reduce one day and that is the timeframe.
It is meaningless, I know. If you think about it, it also becomes obvious that it will be faster. Most of the time the first time around will be slow going. They did not have content enough for many. They did not have specific content for specific groups. Now they do.
Also there are a LOT of places they have still enough to grow. Not sure if they have Spanish content, but that would increase a lot already. Having local prodcutions will help a lot in many countries. They can first buy it of the shelf and then later start producing some things themselves. They know how to.
Remember that the US has only 350MM people or so. The rest of the world is a LOT bigger.
Don't fight for your country, if your country does not fight for you.
Just wanted to complain, currently deployed and due to region can't see MST3K :(
100 million cucks! I won't give them a penny with crap like "Dear White People." But hey to each their own right?
I've been with Netflix many years now and it just getting worse, never better for me.
My account type has split to include DVD's by mail, I don't care how easy it is I know many would sit till I owned them; so let that one go staying streaming only.
The Stargate series being removed was the start (Slashdot had an article on this), and between the last time I let Netflix lapse "Mankind (The history of us)" was removed as many others. I have a hard time finding anything worth watching.
But for less than $10 a month still a deal.
--I don't access Netflix online, this is done by a Panasonic Plasma TV and limit in it's ablity.
We do not have cable service in our home. We're not big fans of commercials and it just costs too much even if we did like it. We currently have netflix and amazon prime.
Finding movies on netflix is hard (worse on amazon prime, really). The selection is crap these days. They never get anything new.
I've watched the marvel series and enjoyed daredevil and jessica jones but after that it's went downhill.
Nothing new ever seems to come out.
My daughter (5 yrs) is obsessed with netflix when we'd rather she use pbskids.
At this point, since we're not watching netflix and we don't want her watching, we discussed just getting rid of it. My wife is fine with it. I'm coming to accept it.
Probably unsubscribe before the end of April.
We'll keep amazon because it comes free with the two-day shipping and we use amazon enough that it is always worth it to pay the tiny amount per year for prime.
I'm a long-time Netflix subscriber - to the disc service, not the streaming service. Blu-rays look way better than streaming. However, what a lot of people don't know is that the disc selection is vast compared to the streaming selection. I googled it recently and found articles that claimed with streaming you had the choice of 6000 movies, with the disc service the selection was about 96,000 titles.
Unfortunately, the same articles claimed that while the disc-mailing service was very profitable, only a small percentage of netflix's subscribers used it (something like 5%) and that most likely it would go away in the next few years...
So, if you don't like the lmited selection of Netflix's streaming service, get the discs and let's keep it alive!
Netflix is too big to allow it to continue "stealing" bandwidth from the Carriers. How long before they sell-out to Verizon or Comcast? I predict it will happen before the midterm elections to take advantage of the favorable regulatory environment.
The new 'thumbs up/thumbs down' rating system was the nail in the coffin for me. I've spent a lot of time rating movies and shows, and was subsequently rewarded with recommendations that were spot on. Now those recommendations are garbage that I'd never watch. Screw you, Netflix. Screw you hard.