Netflix added 19 million subscribers in 2016, a new record for the digital distributor. Although, the company has quadrupled its long-term debt since 2014.
After major global expansions by Netflix, Amazon, and China-based SVOD providers, subscriptions increased by 70 million in 2016, totaling $5.3B in growth.
Movies are no longer a priority at Netflix. Adding more movies to its library doesn’t increase the amount subscribers watch.
Orange CEO Stephane Richard, said the company would consider bidding for Canal Plus if it came up for sale, but denied merger talks with Vivendi.
For every $8 per month, Netflix receives from its nearly 84 million global subscribers, over $6 is spent on content. 2017 content costs will hit $16 billion.
Netflix captured 80 million subscribers using studio content as a gateway to building customers. Did Netflix’s 50% originals initiative cross the line?