… but it does come with a price tag. They are burning a ton of cash on original new programming. The winner in this? You, the subscriber. Just keep paying Netflix your monthly bill.
Here is a snippet from the story:
From Germany to Brazil, Netflix stormed ahead in its drive to create a global TV network, scoring the video-streaming provider's best third quarter on record and sending the shares to a new high.
Shows such as thriller "Ozark," starring Jason Bateman, "American Vandal," a spoof of true crime shows, and a Jerry Seinfeld stand-up special helped lure 4.45 million new customers abroad and 850,000 in the U.S., both ahead of estimates.
Shows such as thriller "Ozark," starring Jason Bateman, "American Vandal," a spoof of true crime shows, and a Jerry Seinfeld stand-up special helped lure 4.45 million new customers abroad and 850,000 in the U.S., both ahead of estimates.
Here is the whole story:
http://adage.com/article/digital/netflix-beats-subscriber-forecasts-spending-nears-8-billion/310915/
Happy Reading,
J.W. Gant
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