Netflix Has Officially Passed 200 Million Subscribers

Netflix CEO says Disney+ doesn't have a Bridgerton-level hit

Netflix on Tuesday revealed its results for the fourth quarter which saw an addition of over 8.5 million paid subscribers to the platform.

Netflix expects the next quarter to grow from 203 million subscribers now to 209 million. It added 860,000 subscriptions in the US and Canada in the period, but gained two million subscribers in Asia, more than 1.2 million in Latin America and 4.5 million in the region covering Europe, the Middle East and Africa.

The world's largest streaming service had raised $15 billion through debt in less than a decade. The company said that the Q1 (first quater) 2020 numbers "included the impact of the initial COVID-19 lockdowns". It gets us fired up about increasing our membership, increasing our content budget and it's going to be great for the world that Disney and Netflix are competing show by show, movie by movie. Growth is still limited there: only 900,000 subscribers were added in the zones in the last quarter.

In October, Netflix raised the monthly price of its most popular subscription plan, bumping up the cost of its standard streaming service, its most popular option, by $1 to $13.99.

After they stopped licensing their library to Netflix, Disney came out with their own streaming service, Disney+. As of now, it currently has around 86 million subscribers.

According to the service provider, since its launch, the series has garnered more than 100 million viewers.

Even Netflix co-CEO Reed Hastings said that what Disney has done is "super impressive".

"This is in sharp contrast to Disney and many other new entrants into the streaming market who expect to lose money on streaming for the next few years", said eMarketer analyst Eric Haggstrom.

Among the new shows that have already premiered and will soon premiere in the first quarter of 2021 are the third season of Cobra Kai, French series Lupin, To All the Boys I've Loved Before 3, Fate: The Winx Saga, Yes Day, Sky Rojo (from the creators of La Casa de Papel), and Space Sweepers.

Peacock and Apple TV+ also premiered as competition to Netflix a year ago, offering content that it may or may not include already.



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