Netflix: Profits soar after password sharing crackdown - eviltoast
The streaming giant said it added 9.3 million subscribers in the first three months of the year.

Netflix says its profits have soared in the first three months of this year, partly thanks to a crackdown on password sharing.

The streaming giant said it added 9.3 million customers in the first quarter, bringing its total number of subscribers to almost 270 million.

The company also said its profits in the first quarter jumped to more than $2.3bn (£1.85bn).

But the firm will stop reporting key subscriber numbers from next year.

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Some investors saw its unexpected decision to stop reporting subscriber numbers as a sign that Netflix’s wave of customer growth may be coming to an end.

Simon Gallagher, a former Netflix director and now principal of entertainment investment firm SPG Global, told the BBC’s Today programme that while the numbers indicated a “very, very strong performance” this might not last.

  • KingBoo@lemmy.world
    45·
    7 months ago

    “TikFlix”?

    We’re actually there. Go on YouTube and you’ll see entire movies condensed into tokable sized chunks. This is how Z watches movies now, and it will only get worse.

    Songs are becoming shorter and shorter, to hopefully create a tiktok trend.

    • LustyArgonian@lemmy.worldEnglish
      32·
      7 months ago

      Most modern movies are pointless fluff anyway. I don’t need to watch 20minutes of fighting and explosions, I really don’t. Or even more stereotypical, boring one liners, jokes, and banter. Not to mention the movies with the exact same emotional motivations - the superhero movies. Miss me with the war propaganda and reactionary bullshit. And that’s what most movies are about these days. Internet is killing Hollywood because Hollywood has always been fluff and not that good.