Netflix is pulling in new viewers and award nominations in droves. But the online video service has a long-term problem: its acclaimed programming line-up is costing far more money than what subscribers pay for it. That hasn’t been a big issue so far. Investors have been willing to accept scant profits in exchange for robust subscriber growth. Netflix announced Monday…
Netflix is on the verge of surpassing 100 million subscribers, a testament to how much the video streaming service has changed the entertainment landscape since its debut a decade ago. The milestone will be reached this weekend if Netflix’s projections are correct. Netflix made the prediction Monday with the release of its first-quarter earnings. The video service added nearly 5…
Netflix’s race to make itself a leader in original programming is paying off. Last year it produced more exclusive shows, measured in hours, than HBO. But its aggressive expansion isn’t without cost; next month, it will raise prices for loyal subscribers, and it faces tougher competition from less expensive rivals. In 2015, Netflix put out 450 hours of its own…
