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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: 0) by Anonymous Coward on Saturday April 18 2015, @03:40PM

    by Anonymous Coward on Saturday April 18 2015, @03:40PM (#172445)

    > Et alors? They sold one subsidiary.

    The one subsidiary that matters - the one with a cable plant.
    Thus they are no longer aligned with the interests of cable companies and are free to sell streaming video without the worry of hurting themselves.
    You yourself realized that was the key issue when you said "oh sony isn't a cable company but their playstation network is kinda sort like one so maybe that's close enough to make my point sort of relevant."

  • (Score: 2) by c0lo on Sunday April 19 2015, @12:31PM

    by c0lo (156) Subscriber Badge on Sunday April 19 2015, @12:31PM (#172807) Journal

    The one subsidiary that matters - the one with a cable plant.

    Wrong. Read the thread again and you'll see the context of my answer being:
    "I hope movie studios would license out more of their top-end movies for longer durations...".

    As long as the movies studios are part of a conglomerate which are able to distribute the movie themselves (cable or other means, Internet included), they won't license the movies to "Netflix et al" for longer times.
    E.g. Sony: why should they licence the movies to Netflix for 50 years when they try to push/grow their own "Sony Entertainment network"?

    --
    https://www.youtube.com/watch?v=aoFiw2jMy-0 https://soylentnews.org/~MichaelDavidCrawford