Monday, July 15, 2024

Netflix exceeds 200 million subscribers

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Netflix added 8.5 million new paid subscriptions, bringing total paid streamers subscriptions to over 200 million marks in the fourth quarter. Netflix has seen an explosion in subscriber numbers as the COVID-19 pandemic continues to keep people at home, and in its latest quarterly earnings report, Netflix announced it had passed the 200 million mark paid subscriptions. “For the full year, we added a record of 37 [million] paid subscriptions, generated $ 25 billion in annual revenue … and increased operating profit 76% to $ 4.6 billion.

At 200 million, Netflix has the largest subscriber base of any streaming service, although competition in the streaming space is increasing. In December, Disney reported that he had 86 million subscribers for its Disney + streaming service, alone.

12 Exciting Netflix Movies Coming In 2021

Meanwhile, HBO Max is looking to make a big play this year by bringing highly anticipated films formerly slated for theatrical releases only to HBO Max streaming same day. This includes titles like Godzilla vs. Kong, Dune, and The Suicide Squad.

But with more than double the number of subscribers of its closest competitor, Netflix sits fairly atop the streaming throne. The company recently announced that it premieres a new original movie every week for the entire 2021 calendar year.

First Look at the Army of the Dead

Looking forward to Netflix’s 2021, there will be new offerings like Zack Snyder’s Zombie Heist movie Army of the dead with Dave Bautista; Thunder Force with Melissa McCarthy and Octavia Spencer; and Red Notice with Dwayne Johnson, Gal Gadot and Ryan Reynolds.
Matt TM Kim is a reporter for IGN.


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