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Thursday, January 27, 2011

Netflix Now Boasts More Subscribers Than Showtime, Starz, HBO Next? | Fast Company

Excerpt from Fast Company:

"One of Netflix CEO Reed Hastings' favorite films is Gloomy Sunday, a dark and melancholic movie about the fragility of life and love, set in 1930s Budapest. But at Netflix headquarters in sunny Los Gatos, California, on Wednesday, the atmosphere and mood was anything but gloomy and depressed.
The streaming company trumped Wall Street fears, with quarterly profit rising 52% to $47.1 million, and revenue increasing by 34% to $595.9 million. Most impressively, Netflix added 3.1 million subscriptions during the quarter, and boasts more than 20 million subscribers--more than the total subscribers of premium channels Starz and Showtime, which have 17.3 million and 18.2 million subscribers, respectively.
Is HBO next on Netflix's radar?..."

Posted via email from Siobhan O'Flynn's 1001 Tales

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