Despite 'Streaming Wars,' Netflix Ended 2019 Fairly Strong
Two things helped drive Netflix's 2019 growth: new international members and strong original content.
Netflix just released its 2019 fourth-quarter earnings report — detailing a fairly strong end to a year dominated by "streaming wars" coverage and the launch of two new competitors: Apple TV Plus and Disney Plus.
Despite the new competition, Netflix reported 8.8 million new subscribers in quarter four, amounting to 167 million paid memberships overall. That's a 20% increase from last year.
As per usual for the streaming platform, that growth was because of two key variables: new international audiences and original content.
"We always evolve our view, our, you know, businesses, our business changes, and with our launch of the rest of the world in 2016, we're basically a fully global company [minus] China."
"You've seen the expansion this last year within the confines of our existing content budget. ... We're growing by 130 seasons of local-language series around the world as well."
Netflix also reported that "The Witcher" was on track to become the platform's most popular new series, claiming that "through its first four weeks of release, 76 million member households chose to watch" the show.
That number is based on Netflix's new metrics, which are now based on members watching at least two minutes of a title. The platform describes that as an "intentional" choice to watch. But before, the platform counted views as members watching 70% of a single episode of a series or film.
Going forward into the first quarter of 2020, Netflix expects to add 7 million new global paid subscribers.
Netflix sharing fees start soon — here’s how to transfer your profile
Netflix confirmed that it will begin charging fees for account sharing as soon as March. Here's what to do if you're currently sharing a log-in.By Elise Amendola / AP
Why Don't More Streaming Services Debut Their Films In Theaters?
Even with the box office bouncing back in 2022, the theater is no longer the main way to release a new movie, like Netflix's "Glass Onion."By Invision / AP
Spotify's Wrapped 2022 Lets You Hear Your 'Listening Personality'
Spotify Wrapped 2022 gives you a personalized take on what you listened to this year. The service also announced its most-streamed songs of 2022.By Patrick Semansky / AP
Online system to seek asylum in US is quickly overwhelmed
The daily ritual resembles a race for concert tickets when online sales begin for a major act.By Elliot Spagat / AP
Tyre Nichols video: Here are some of the key takeaways
A fatal beating. Cries for his mom. Officers cheering each other on. Here are some of the key takeaways from the Tyre Nichols police bodycam footage.By City of Memphis via AP
Memphis disbands SCORPION Unit after Tyre Nichols' video release
The unit's disbandment comes as protests have spread throughout the city in recent days.By Gerald Herbert / AP