| Title | Cable-Cutters Continue Their Trend | |
| Date | Friday April 17 2015, @02:25AM | |
| Author | CoolHand | |
| Topic | ||
| from the as-soon-as-my-bandwidth-increases dept. | ||
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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printed from SoylentNews, Cable-Cutters Continue Their Trend on 2026-03-09 11:44:47