A new report estimates that despite intensifying competition and the possibility of subscriber saturation, Netflix will have more than 175 million subscribers within four years-- more than double its current worldwide subscribership of 75 million. And the vast majority of that growth will still be in the United States.
The number of U.S. households that stream over-the-top video using a subscription video on demand service has risen to 57 percent, according to a new report from Leichtman Research Group. Furthermore, 48 percent of U.S. adults stream either Amazon, Hulu or Netflix on a monthly basis.
Call it a performance bonus: Amazon original series Mozart In The Jungle, which debuted last year and recently walked away with two Golden Globe awards, has been renewed for a third season. Likewise, Netflix extended the run for one of its multiple award-winning shows, Orange Is The New Black, renewing the series for three more seasons.
Sports network ESPN will have a presence on Chinese online video provider Tencent's platform following a deal between the two companies. Under the agreement, ESPN will create and distribute locally-focused live sports content in China across Tencent's digital platforms.
Global content rights are no longer Netflix's biggest problem, at least in Indonesia: the country's state-run telecommunications provider, Telkom, has blocked the SVOD provider citing objectionable content in its lineup as well as permit issues.
The FCC's 25 Mbps broadband definition is facing a fresh round of criticism from a number of Senate Republicans who say that video streaming sites such as Netflix and Amazon require speeds that are far lower than the regulator's requirement.
T-Mobile has caught some flak lately for its Binge On service, but Netflix has no problem with the zero-rated data offering. Netflix has yet to weigh in on Verizon's new FreeBee program, however.
An industry analyst warned that the television industry is in for "a big, big shock" this year as Apple and Netflix transition into game-changing "superpowers" and break down international entertainment barriers and other traditional ways of providing media and entertainment.
While Netflix's revenues in the fourth quarter of 2015 came in slightly under analyst estimates at $1.82 billion, the SVOD provider's subscribership jumped by 5.59 million during the period, bringing its total worldwide subscriber base to 74.76 million.
The FCC has removed Cuba from its exclusion list, opening up opportunities for U.S.-based communications service providers to offer traditional telephone and Internet services to the country without needing to get separate approval from the regulator.