Tuesday, April 23, 2013

Netflix Reports Strong Revenue on Strength of Subscribers - NYTimes.com

Mighty morphing Netflix, which now consumes approximately one-third of North American Internet bandwidth and is Amazon Web Services-hosted
"When Ted Sarandos, the chief content officer for Netflix, told GQ in an interview published three months ago that “the goal is to become HBO faster than HBO can become us,” maybe he was on to something.
The company’s stock soared on Monday, passing $200 a share in after-hours trading for the first time since 2011, after it reported robust first-quarter earnings and hailed the success of its first original series, “House of Cards.” By one measure Netflix now has more subscribers than HBO in the United States."
Netflix Reports Strong Revenue on Strength of Subscribers - NYTimes.com

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