AfterDawn: News

Netflix enjoys surge of new subscribers in late 2017

Streaming giant Netflix added a record number of new subscribers to its service in the fourth quarter of 2017, which it has credited to investment in original content.

Netflix now has more than 117 million paying subscribers for its service, the majority of whom are now located outside the United States. In the fourth quarter of 2017, Netflix added a record 8.3 million subscribers, of which 6.36 million were international subscribers.



The firm recorded revenue of $3.3 billion during the quarter which is up almost a third compared to the same period of 2016. Profits were reported at $186 million, up almost 300 percent year over year.

Netflix is crediting the good news with its investment in original content. New seasons of hit shows including Stranger Things, the Crown, Black Mirror and investments in new films such as Bright (starring Will Smith) provided Netflix with a strong line up for the past few months. It also has to be noted that Netflix did increase its prices during the quarter.

The service is now available in more than 190 countries around the world and is investment more in local content.

Written by: James Delahunty @ 23 Jan 2018 11:00

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• 3 comments

• simbalage

  Start out offering Both DVDs and streaming @ 10 bucks, Then Seperate after giving people a taste and getting addicted to having it for so cheap, Start making your own movies and BAM charge whatever the hell you want till we are paying them just as much as cable and other!! Greed netflix slowly constantly raising prices for pure profit.
  
  
  thank god for other better options and some free that are better (Kodi) should make the 2018 year look so much better for netflix LMAO

  27.1.2018 12:57 #1

• SProdigy

  Originally posted by simbalage: thank god for other better options and some free that are better (Kodi) should make the 2018 year look so much better for netflix LMAO Kodi is literally theft. Imagine if everyone used it in lieu of paying for movies. How would movies be made?
  
  It would turn into a literal crapfest a la YouTube.
  

  29.1.2018 12:29 #2

• Bozobub

  Originally posted by SProdigy: Originally posted by simbalage: thank god for other better options and some free that are better (Kodi) should make the 2018 year look so much better for netflix LMAO Kodi is literally theft. Imagine if everyone used it in lieu of paying for movies. How would movies be made?
  
  It would turn into a literal crapfest a la YouTube.
  Absolutely false. Kodi, itself, is merely a useful streaming program, and is perfectly legit. They don't make and are not responsible for the various piracy-oriented plugins that are available.

  29.1.2018 22:36 #3