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Netflix /Comcast #1 U.S. TV Service

Discussion in 'More News from Your Google TV News Team' started by Rickaren, Apr 26, 2011.

  1. Rickaren

    Rickaren New Member Staff Member

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    Netflix Ties Comcast As #1 U.S. TV Service
    By Swanni

    Washington, D.C. (April 26, 2011) --
    Netflix reported yesterday that it now has 22.8 million subscribers in the U.S., tying it with Comcast as the nation's largest pay TV service.

    Including Canada, Netflix reports that it has 23.6 million subscribers total, which would make it the leading pay TV service in North America. (Comcast does not have any subscribers in Canada.)
    The online video rental service said it added 3.6 million subscribers in the first quarter and now has 69 percent more subs than it did a year ago when it had 14 million.

    Netflix has been able to build its subscriber base with a combination of disc rentals by mail and a growing video streaming business. The company's streaming service is now available on a number of devices, including Blu-ray players, smart phones and tablets and video game consoles.

    The company's sudden growth has caught the eye of other media heavyweights who are contemplating making a run at Netflix's dominance in the streaming field. Satcaster Dish Network this month purchased the assets of one-time video rental giant Blockbuster and Netflix officials yesterday said they fully expect Dish will try to become a force in the video streaming category.

    Netflix is expected to counter its rivals by acquiring more original programming and trying to secure studio exclusives.

    SOURCE
     
  2. Rickaren

    Rickaren New Member Staff Member

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    HDTV Almanac - Netflix is #1

    by Alfred Poor April 27, 2011

    Pay no attention to the man behind the curtain! It’s just little ol’ Netflix, doing it’s little streaming video thing. Nothing to see here, move along, move along. At least, that seemed to be the message on Monday when CEO Reed Hastings announced the company’s first quarter financials. All they did was about double worldwide revenues and about double U.S. subscribers over the previous year’s number’s. Oh, and overall revenues were up nearly 50%. But Hastings stressed that Netflix “is a supplemental channel to MVPD.” (MPVD is tech speak for Multichannel Video Programming Distributor, which you and I might call subscription television services, like cable and satellite.) So do not fear little ol’ Netflix, you establishment enterprises; it’s not the agent of some cord-cutting nightmare.

    Oh, and by the way, Netflix has passed Comcast in number of subscribers, which makes it the number one television subsctription service in the country.

    Should Comcast and the other cable companies be concerned? Netflix has only landed a deal for its own original content, with Kevin Spacey starring in the new series House of Cards. It made a deal for past and future episodes of the hit Mad Men. It spent $1 billion to license films from Paramount Pictures, Lions Gate, and MGM. Sure, it’s just a little movie rental company. (Isn’t this how HBO got started?)

    Lots of analysts are saying that the new Netflix business model is not sustainable. They’re probably right. But for now, the company is building up its bank accounts, and when it’s ready to establish a new strategy, it’s going to have its own deep pockets, an enormous brand, and significant momentum that can carry it through to its goal. Just remember, there was a time when Amazon was just an online bookstore.


     
  3. Stuckinthe70s

    Stuckinthe70s New Member

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    I've chided myself for not investing when they went public! I've been a member since the beginning and even though I saw it, I was afraid to invest. Had I followed my instincts when I first signed up, I'd be sitting pretty now. Boy, it makes me mad at myself!
     

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