Tag: million-paying

Netflix blows past 100 million subscriber mark

A year after subscriber growth slowed due to price hikes, Netflix says ( PDF ) it added more US customers in the last quarter than it has since 2011. The company is now up to 103.95 million subscribers worldwide, up 5.2 million from last count . The company also unveiled a new strategy ( PDF ) for explaining its spending on content, that’s presumably more appropriate for its abundance of award-nominated shows . In the letter to investors, execs also discussed recent series cancellations , saying “As much as we dislike ending a series early, it consoles us that it frees up investment for another new show, or two.” The company has also topped 50 million paying customers in the US alone, and anticipates “the first ever annual contribution profit from our international segment” in Q3. Overall it’s rosy news for the streaming service, which plans to debut 40 movies this year. We’ll find out more during its tape-delayed investors call at 6PM ET, if there are any substantial updates (what’s bigger than the Stranger Things season two release date? ) we will add them to this post. Source: Netflix Q2 2017 Investor Letter (PDF)

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Netflix blows past 100 million subscriber mark

Spotify now has 40 million paid subscribers

In the world of music streaming, numbers mean everything. Major players have come and go, but Spotify and Apple are the two companies who largely dominate the market. After Tim Cook kicked off last week’s iPhone 7 event with confirmation that Apple Music now has 17 million paying subscribers , Spotify CEO Daniel Ek has fired back with an impressive figure of his own: 40 million people are now paying to access his service. The last time Spotify updated us on its paid stats was back in March, when it eclipsed 30 million Premium users . The company hasn’t confirmed just how many total users it has today, but it did note that it had 100 million people on its books back in June . Signups may have been driven by Spotify’s decision to extend Family plans to six members , cutting the price to $15/£15 in the process. To lure in subscribers, Spotify operates a free tier, which many other streaming services have shied away from. Instead of requiring a monthly payment, the company attempts to recoup some of those streaming costs by dropping in adverts between tracks. The fact that it continues to convert users into paying customers is encouraging, especially given the competition, but the company still has a long way to go to prove that streaming music can be a decently profitable business . 40 is the new 30. Million.

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Spotify now has 40 million paid subscribers