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posted by Fnord666 on Wednesday October 18 2017, @09:11AM   Printer-friendly
from the streams-of-cash dept.

Netflix said Monday it added some five million new subscribers over the past three months as profits doubled, in a quarterly update that sent shares of the streaming video giant higher.

California-based Netflix ended the third quarter with more than 104 million paid subscribers, with international memberships hitting 52.7 million and overtaking the number of US subscribers.

Net profits meanwhile jumped to $129 million, more than double the figure from the same period a year ago for the video giant known for "House of Cards," "The Crown" and other original shows that are part of its library.

Revenues in the quarter rose 30 percent from a year ago to $2.98 billion, Netflix said.

"We are growing nicely across the world and are on track to exceed $11 billion in revenue in 2017," a letter to shareholders said.

Streaming has entered its profit-maximization period. For audiences, has the bliss point already been passed?


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  • (Score: 2) by Pino P on Wednesday October 25 2017, @09:02PM (1 child)

    by Pino P (4721) on Wednesday October 25 2017, @09:02PM (#587563) Journal

    I don't need a high speed internet to read information.

    You do when the information includes photographs or instructional videos.

    I pay for my ISP. I pay for sites I like.

    So what do you do when you see a summary of an article, where the summary is on one of the "sites [you] like", but the full article isn't? For example, a subscriber to SoylentNews might see a link to an article on WSJ, which is not included in a subscription to SoylentNews. Do you start another subscription to the site hosting the full article?

    I won't go to ad sites if my adblocker doesn't work. What's the problem you are trying to create?

    The problem is that "ad sites if my adblocker doesn't work" is likely to grow soon to encompass a large fraction of the web, such that sites that require a separate subscription and/or require cross-site tracking make up at least six of the first ten results from a web search for a particular query.

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  • (Score: 2) by DannyB on Thursday October 26 2017, @01:02PM

    by DannyB (5839) Subscriber Badge on Thursday October 26 2017, @01:02PM (#587780) Journal

    So what do you do when you see a summary of an article, where the summary is on one of the "sites [you] like", but the full article isn't?

    This is increasingly common. Most of the time, the article is not something important enough to unblock the ads -- which definitely means it is not important enough to subscribe to.

    The problem is that "ad sites if my adblocker doesn't work" is likely to grow soon to encompass a large fraction of the web

    I'll live. I lived decades of my life before the web, before smart phones. I was happy and productive. I spent eight years of the 1980's not watching any TV -- none, zero. Starting in '89, I heard of various TV shows on Usenet that I had never seen. In the '90's my spouse wanted TV, and I saw more references to "old" '80's TV shows that I had never watched.

    I strongly suspect if what you say is true, then there will be a growth of free sites. Sort of like how Open Source was the antidote to the stranglehold of the Microsoft monopoly in the 80's and 90's. At the time, it seemed like the stranglehold would never be broken. But in the open source world you could always see continuous steady progress.

    --
    People today are educated enough to repeat what they are taught but not to question what they are taught.