Netflix grows to over 200 million subscribers globally

Netflix grows to over 200 million subscribers globally




That came as competition increased, with Disney+, HBO Max and Peacock all arriving with backing from the company’s main competitors, and Paramount+ poised to lead the charge in 2021. Executives are pushing forward however, and the letter claims Netflix has over 500 titles in post production or preparing to launch. Perhaps most notably for investors, the company, which has raised billions in bonds to finance its original content flood, said “we believe we no longer have a need to raise external financing for our day-to-day operations.” Between all of those new customers and several price hikes, Netflix is now “very close to being sustainably FCF positive,” and expects to be flat for 2021.Netflix Developing…


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That came as competition increased, with Disney+, HBO Max and Peacock all arriving with backing from the company’s main competitors, and Paramount+ poised to lead the charge in 2021. Executives are pushing forward however, and the letter claims Netflix has over 500 titles in post production or preparing to launch. Perhaps most notably for investo...Read More