Wednesday, July 15, 2015

Netflix Keeps Growing Share of OTT Video Subscription Business

Someday, some firm might challenge Netflix in the subscription over the top video business. Perhaps not soon, though. Netflix continues to grow its share. 

In the second quarter of 2015, Netflix passed the 65 million member mark, with over 42 million in the United States and 23 million internationally, adding a record 3.3 million new streaming members in the second quarter of 2015, compared to 1.7 million net new subscribers in the same quarter a year ago.

Most of that growth came in international markets. Netflix gained 0.9 million members in the United States and added 2.4 million members internationally in the quarter.

Netflix predicts it will add 2.4 million net new international customers in the third quarter of 2015.

Netflix
source: Business Insider

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