News: Between Record-Breaking Subscribers and Price Hikes, What Does the Future Hold for Netflix?

News: Between Record-Breaking Subscribers and Price Hikes, What Does the Future Hold for Netflix?

It’s been a year full of milestones for leading worldwide streaming company Netflix, now one of the world’s biggest content producers.

After hitting 100 million subscribers during the second quarter of 2017, of which more than 50 million are in the US, the streaming service also outmatched the USA’s leading cable TV networks by more than 2 million subscribers for the first time in history.

Last month, Netflix took over the Emmy Awards ceremony with a staggering 20 wins out of 91 nominations, second only to Time Warner owned TV giant, HBO (29 wins/110 nominations).

The results for Q3, released on 16th October, exceeded even the most optimistic predictions, with the company earning close to $3 billion dollars, and adding 5.3 millions subscribers, most of whom are outside the US.

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