Netflix Crosses 50M Subscriber Threshold During Q2 2014
How popular is Netflix? During a second-quarter earnings conference call yesterday, the company announced that it has over 50 million streaming subscribers around the world. That's up from 48 million at the end of the first quarter. Making that growth even more impressive is that the company passed the 50 million mark during a quarter when it raised the price for new subscribers to $8.99 per month. Netflix has 36 million customers in the United States.
Helping to drive the company's success is the original series "Orange Is the New Black." Netflix reports that the show's second season was its most-watched show in every territory in the month after it became available on June 6.
During the call, Netflix CEO Reed Hastings said the company would continue to push ahead with international expansion. Most of the international markets are growing faster than the U.S., added David Wells, Netflix's CFO.
Netflix will begin operations in France, Germany, Austria, Switzerland, Belgium, and Luxembourg in September. Hastings promised to create an original production in France.
Original projects currently underway at Netflix include "Daredevil" and three other comic-based series from Marvel Television, the third seasons of "House of Cards" and "Orange Is the New Black," "Marco Polo" which is in production in Kazakhstan and Malaysia, and a 2016 talk show staring Chelsea Handler.
Related Articles
In the best hotel news since the end of the minibar, Netflix subscribers will be able to access their accounts when staying at Marriott properties.
11 Jun 2015
The world's most populous country is an attractive target for Netflix, yet the streamer faces unique hurdles before it can begin offering service.
18 May 2015
International markets are still a small percentage of Netflix's total output, but that's sure to change in the coming years.
25 Sep 2014
To improve streaming performance to subscribers Netflix signs an agreement with Verizon, but says it shouldn't have to.
30 Apr 2014
It's time to clear away the many myths and misconceptions surrounding the controversial distribution deal between Netflix and Comcast.
27 Feb 2014
The SVOD leader might add plans for SD and HD content, but says current subscribers will be grandfathered to their existing options.
23 Jan 2014