Netflix subscriptions jump as ‘Stranger Things’ drives popularity

netflix subscriptions jump as stranger things drives popularity season 2 005
Netflix
Detailed in Netflix’s third quarter earnings, the streaming video company significantly beat expectations by more than one million subscribers. Originally forecasting an increase of two million international subscribers and 300,000 based in the U.S., Netflix reported a rise of 3.2 million new international subscribers as well as 370,000 additional subscribers located in the United States.

This leap surprised investors as expectations were previously conservative due to the 25 percent price hike that kicked in for current subscribers during the third quarter of 2016. In a letter to shareholders, Netflix CEO Reed Hastings attributed growth to the company’s growing library of original content such as Stranger Things, Luke Cage and The Getdown as well as the second season of Narcos. 

Likely good news for subscribers, Hastings indicated that the company would not be “cracking down” on subscribers sharing passwords. In addition, there’s currently no discussion within the company related to additional price hikes. On the subject of a rumored offline viewing feature, Hastings mentioned that the company was looking into the possibility, but didn’t offer any details on a future launch date.

The earnings report indicated that “self-producing” original content is less expensive than licensing content from studios and networks. It’s likely that the library of licensed content on Netflix will continue to shrink while more original, exclusive shows are released on the streaming service.

The report also promoted the upcoming American-British drama series called The Crown debuting on November 4, calling it a mixture of Mad Men, House of Cards and Downton Abbey. Netflix is expected to increase the total hours of original streaming content from 600 hours in 2016 to more than 1,000 hours in 2017, specifically due to an investment of $6 billion in original programming.

After the news broke about the increased subscription rates, the stock price of Netflix shot up 20 percent from roughly $100 a share to $120 a share in after-hours trading. For the fourth quarter of 2016, Netflix is forecasting an increase of 1.45 million subscribers in the United States and 3.75 million new international subscribers. In total, Netflix now has more than 86 million streaming members.

Home Theater

Netflix paid $100M to keep ‘Friends,’ but viewers may pay the highest price

Netflix reportedly paid $100 million to keep '90s sitcom Friends on its service for another year, but the cost consumers might have to pay for access to their favorite shows and movies down the road could be much, much higher.
Home Theater

Now-canceled ‘Daredevil’ was one of Netflix’s most popular shows

Netflix recently canceled Marvel's Daredevil just a month after the premiere of the show's third season, despite reports indicating that it was one of the service's most popular shows.
Home Theater

Cutting the cord? Let us help you find the best service for live TV streaming

There's a long list of live TV streaming services available to help you cut the cord and replace your traditional TV subscription. Each is different in important ways, and this guide will help you find the best one for you.
Movies & TV

How much does Netflix cost? Here’s a pricing breakdown of its plans

Wondering how much a Netflix subscription costs? You're not the only one. That's why we put together a quick-hit guide covering all the Netflix plans, whether you want to opt for 4K streaming or a disc-based option.
Podcasts

'Avengers: Endgame' trailer chills, 'Game of Thrones' teaser, $100M 'Friends'

This week on Between the Streams, we'll talk about the Avengers 4 trailer (aka Avengers: Endgame), the latest nothing of a Game of Thrones teaser, Netflix's $100 million barter to keep Friends, and much more!
Emerging Tech

Feast your eyes on the wildest, most elaborate Rube Goldberg machines ever built

Want to see something totally mesmerizing? Check out several of the best Rube Goldberg machines from across the internet, including one that serves cake and other that do ... nothing particularly useful.
Home Theater

The best movies on Netflix in December, from 'Buster Scruggs’ to endangered cats

Save yourself from hours wasted scrolling through Netflix's massive library by checking out our picks for the streamer's best movies available right now, whether you're into explosive action, witty humor, or anything else.
Home Theater

Sling TV ramps up its base programming with Discovery Networks for free

Sling TV has grown a great deal since its launch. Now there are more channels and more packages to chose from, with prices to match, and more is being added all the time. Everything you need to know is right here.
Movies & TV

The best shows on Netflix, from 'Haunting of Hill House’ to ‘Twilight Zone’

Looking for a new show to binge? Lucky for you, we've curated a list of the best shows on Netflix, whether you're a fan of outlandish anime, dramatic period pieces, or shows that leave you questioning what lies beyond.
Movies & TV

Out of movies to binge? Our staff picks the best flicks on Hulu right now

From classics to blockbusters, Hulu offers some great films to its subscribers. Check out the best movies on Hulu, whether you're into charming adventure tales or gruesome horror stories.
Movies & TV

The best Christmas TV episodes and specials

To help get you in the spirit of the season, we've compiled a list of the best Christmas TV episodes and specials. Whether it's free episodes on your favorite streaming service, or stop-motion classics, look no further.
Movies & TV

The best new movie trailers: ‘Avengers: Endgame,’ ‘Bumblebee,’ ‘Alita,’ and more

Everyone loves a good trailer, but keeping up with what's new isn't easy. That's why we round up the best ones for you. This week, it's the first trailer for Avengers: Endgame, as well as new trailers for Alita: Battle Angel and Bumblebee.
Movies & TV

The best movies on Amazon Prime right now (December 2018)

Prime Video provides subscribers with access to a host of fantastic films, but sorting through the catalog can be an undertaking. Luckily, we've done the work for you. Here are the best movies on Amazon Prime Video right now.
Movies & TV

Best new shows and movies to stream: ‘The Marvelous Mrs. Maisel’ and more

Need something to watch this weekend? Check out our list of the best new shows and movies to stream right now. On the list this week: The Marvelous Mrs. Maisel season 2, Neo Yokio: Pink Christmas, and more.