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Cable-Cutters Continue Their Trend

posted by CoolHand on Friday April 17 2015, @02:25AM   Printer-friendly
from the as-soon-as-my-bandwidth-increases dept.

Phoenix666 writes:

Netflix shares rose 13% in after-hours trading after the company announced it had added 5 million subscribers in the first quarter of 2015:

That brings the total global subscribers to the service to 62.3 million.

Netflix also said revenue increased by 23% from the same period a year earlier to $1.57bn (£1.06bn).
...
Shares in Netflix have risen by nearly 40% since the start of this year.

However, the company has faced increasing threats as companies such as Hulu and HBO have sought to commission their own, original on demand content to compete with Netflix [shows] like House of Cards and Orange is the New Black.

The last couple of years have seen other companies like Hulu, HBO, and now CBS following suit. If ESPN or other sports players do the same the cable industry could end with a bang, not a whimper.

 
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  • (Score: 1) by TestablePredictions on Friday April 17 2015, @09:49PM

    by TestablePredictions (3249) on Friday April 17 2015, @09:49PM (#172202)

    The upload bandwidth problem was solved ~15 years ago with P2P data transfer technology. The copyright neurotics won't allow it though, because somebody might *gasp* try to save the video stream longer term. Broadcast (like OTA television) would be fine too. But nobody make DVR'ing the stream harder than it needs to be mmmkay?

    Things suck because moneyed interests interfere, not because of true technological limitations.