Netflix is King. Will anyone catch them?
Netflix membership surged past 117 million last year, a rise the company showed its investment in original programming was paying off.
The streaming juggernaut added a record 8.3 million subscribers in the three months to December, with 6.36 million of those outside the US.
Despite sacking Spacey from their hit serial House of Cards, Netflix shows no signs of slowing down with its latest earnings release today. With last year's profits three times that of 2016 and total revenue of $3.3bn, I do not think anyone can argue that Netflix is anything other than a major global media power now. So much so, it even made Rupert Murdoch sell large parts of his business to Disney, see here: Mega Media Mergers - Disney may buy Fox. Is Murdoch throwing in the towel?
When I switch on the tv now, it's either to do one of three things:, watch the news, watch BBC Parliament (to gleam info for this site) or watch Netflix. Three years ago I never heard of Netflix, but even new televisions are being sold with a Netflix button on remote controls now.
But what next for Netflix? Will they keep growing to a point that no one can catch them, or will Amazon, Facebook, an enlarged Disney and perhaps a few others be able to take them on?
Do you watch Netflix?