As its international subscription soared, Netflix plan to collect more revenues. CEO Reed Hastings on Tuesday announce to increase its U.S. subscription fee.
Netflix global expansion faces a new threat. Video streaming providers around the world are starting a global alliance to hinder its further international expansion.
On-demand streaming media giant Netflix has a very simple long-term plan: world domination. If the California company has its way, it will happen by the end of 2016, and it will come by way of original content.
Netflix Inc said on Monday its quarterly profit more than doubled, boosted by strong growth in U.S. and international subscribers as a price increase for its most popular U.S. video streaming plan did not deter new users.
Netflix CEO Reed Hastings said he hoped to ink a deal with Comcast and other pay television providers in the US for its streaming services.