Video Streaming

The myriad of streaming services isn't doing the TV industry any good

The myriad of streaming services isn't doing the TV industry any good

Netflix was founded in the late 90s, but it wasn’t until almost 10 years later that it introduced its online streaming service, which has since proved to be a success. The company has 148.8 million paying subscribers, is seeing major financial growth and is has a 52-week high of $419.77, monumentally higher than $143.51 and Comcast’s $43.96.

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Many of the Netflix 'Original' series aren't actually made by the company

Many of the Netflix 'Original' series aren't actually made by the company

Netflix spends a lot of money on producing its ‘“Original” programming and as of 2018, is using 85 percent of new spending for original projects, including TV shows, films and other productions. The company has seen massive success with its large slate of programming, ranging from House of Cards to The Good Place and Black Mirror.

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Netflix is dominating the media streaming industry, as evident from its latest financials

Netflix is dominating the media streaming industry, as evident from its latest financials

During its Q3 report Netflix announced that it not only crushed, but obliterated investor’s estimates for the number of subscribers it would add this quarter, adding nearly 7 million new subscribers during the period. This number is higher than the company itself expected and brings the total number of subscribers the company has to more than 137 million, according to official documents. The company needed to beat estimates this quarter to keep Amazon Prime Video, Hulu and Disney’s highly-anticipated streaming service, which is set to launch by the end of 2019 at bay. Netflix failed to meet its Q2 subscriber estimates of 1.23 million domestically and 5.11 internationally, adding only 670,000 and 4.47 million respectively, and needed to make up for the missed targets.

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