Far from Dead: Netflix Gains Subscribers at Record Speed

Posted by Techvibes NewsDesk

Netflix has a rough last year or two, with a few major gaffes (remember Quikster?) leading to same major subscriber bloodshed. And the company's stock recovery—after falling from $300 to $60 in 2011, shares surged to $130 this spring—fell short, dropping to a two-year low of $53.

But don't count the video streaming service out yet. While its US numbers lost their lustre and the company's leadership has mishandled a few situations, there are still millions of users around the world eager to access the Netflix library.

Case in point: the United Kingdom. Netflix launched in the UK and Ireland seven months ago and today the company announced that it already has one million subscribers there—its fastest international run to the million mark ever.

DON'T MISS: Netflix reaches one million subscribers in Canada

"This membership milestone is evidence that Netflix has rapidly gained popularity in the UK and Ireland," said Netflix chief executive officer Reed Hastings (rather obviously). "Our British and Irish members clearly enjoy the ability to instantly watch a large variety of TV shows and films streaming from Netflix on their favourite devices whenever they want." 

Netflix now has more than 27 million streaming members worldwide.

Company:
Netflix
Website:
http://www.netflix.ca
Location:
Los Gatos, California, United States

With more than 15 million members, Netflix, Inc. [Nasdaq: NFLX] is the world’s largest subscription service streaming movies and TV episodes over the Internet and sending DVDs by mail. For $8.99 a month, Netflix members can instantly watch unlimited TV episodes and movies streamed to their TVs and computers and can receive unlimited DVDs delivered quickly to their homes. With Netflix, there are never any due dates... more


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Techvibes NewsDesk

Techvibes NewsDesk

Techvibes is Canada's leading technology media property.Founded in 2002, Techvibes covers technology and business news that impacts Canadians. We combine breaking local news with international coverage to deliver a unique balance of insight and information. The Techvibes Newsdesk covers a broad beat and publishes general news stories. If you have a story you would like covered, email... more



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