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from the original-content-for-the-win dept.
Netflix's foray into original content is paying off:
[Rather] than pay money out to studios for the right to show existing content, it instead ploughed its cash into shows such as Stranger Things, The Crown, Luke Cage and the remake of Gilmore Girls. In 2016, those "Netflix Originals" - already a term you could argue has become synonymous with quality - came thick and fast. The firm said it produced 600 hours of original programming last year - and intends to raise that to about 1,000 hours in 2017. Its budget to achieve that is $6bn - a billion more than last year.
On Wednesday we learned the company has been rewarded handsomely for putting its eggs in the original content basket. After hours trading on Wednesday saw the company's stock rise by as much as 9% on the news it had added 7.05 million new subscribers in the last three months of 2016. That's far greater than the 5.2 million they had anticipated, and left them ending the year with 93.8 million subscribers in total - and an expectation of breaking the symbolic 100 million mark by the end of March. In all, 2016 saw Netflix take in $8.83bn in revenue - with a profit of $186.7m.
Also at USA Today, TechCrunch, and Reuters.
Previously: Chris Rock Reportedly Signs $40 Million Deal With Netflix for Two Comedy Specials
Netflix Throws In the Towel On China
Netflix Lets Users Watch Videos Offline -- No DVDs Required
(Score: 2) by edIII on Friday January 20 2017, @08:22PM
Annnnnnnnnnnndddddd? The Jolly Roger didn't give a fuck about you when you flew the colors either. What's your point here? Cuz them caring is completely and wholly irrelevant. It's like me caring that the sun comes out in the morning to make my room too bright to sleep in.
*snicker* The bar is high? Like how high? That's the funniest thing you've said yet. The bar is LOW. Has been for quite some time. The bar is HIGH... only if you're looking for quality and a low chance of malware.
Money has nothing to do with it, although +$100 is a bit fucking steep when min/maximum wage barely supports obtaining food. Stop thinking money is the driving factor when it's convenience and consuming the content on consumers terms that are the only driving factors.
Piracy isn't so much that it is free. Truth is, it's really not free. We're paying for bandwidth, and if you want to really be able to consume whatever you want, you're paying for a seedbox or equivalent. However, your monthly Internet bill already includes the lion's share of the costs, and a decent seedbox will still clock in at a fraction of a monthly cable/satellite bill.
You mention the whack-a-mole game as if anyone has ever won the whack-a-mole game. When Napster went down did sharing of music stop? When they shut down a public torrent index does it stop anything? When they shut down one of the myriad of private indexes does it stop anything? NOPE
People are encrypting their traffic now too. You are correct about that, and all of my traffic is heavily encrypted and proxied. That's just a good practice in general.
What hammer have they dropped on Netflix again? I only ask because it sure as fuck doesn't seem like it's working at all. Like I said before, even if Netflix disappears it doesn't put the genie back in the bottle.
The days of event programming and controlled distribution channels are over. We're apparently old because we're arguing about traditional programming while the millennials and younger are scoffing and going back to YouTube and Twitch. Their preferred entertainment outlets.
Technically, lunchtime is at any moment. It's just a wave function.