Tuesday, April 18, 2017

Netflix is all set to hit a major milestone this weekend

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Nearly 10 years after Netflix began offering online streaming of movies and TV shows, the company says it's all set to hit the 100-million subscribers mark.

The California-based company says it expects to hit the milestone this weekend. "It’s a good start," the company wrote (PDF) to shareholders at the earnings call for the first quarter of 2017. 

Netflix added nearly five million subscribers worldwide in the first quarter of 2017, down from more than seven million subscribers it added the quarter before that. As of end of March, the on-demand streaming service had 98.75 million streaming members worldwide.  Read more...

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