Some of you mentioned an interest in Netflix and TV streaming. Well in a recent NYTimes business article, dated Jan .18, Netflix added more than 130 countries to its service map, and added a record 7.05 million streaming members in the three months that ended Dec. 31.
Netflix now has a total of 93.8 million members. Fueling the increase in subscribers was a rapid rise in Netflix memberships abroad. It added 5.1 million international members in the quarter, and now has 44.4 million members outside the United States, more than than 47 percent of its total membership. The quarter was the 10th anniversary of Netflix’s streaming service, which began with the vision that internet television would ultimately replace traditional television.
So, has Netflix replaced traditional television? What do you think is Netflix's future, given the competition it faces? (Also, read the related articles about Netflix at the end of this article.)
I think that Netflix has definitely replaced traditional television. There may be some laggards that decide they are going to ride the set-top-box revolution out until they are forced off of it. Meanwhile, the rest of the world enjoys their on demand services such as Netflix and their competitors. I've said it before to my friends the cable industry is dead, they just don't know it.
ReplyDeleteAs far as the competition goes. I don't think that Netflix is in any danger of losing market share to any of these other guys. In fact they control most of their content and other competitors are just barely roughing out their infrastructure. The fact that Netflix is bringing their own content to the table gives them the flexibility to be a price maker versus a price taker.