We regularly cover the growth of streaming TV and films service Netflix, as a useful comparison to the streaming music services in our industry. Last night saw Netflix’s latest financial results, in which it posted Q4 revenues of $945m and a net profit of $8m, based on 33m paying subscribers around the world. 27m of those were in the US and 6m overseas. Netflix says it has been doing well in the UK, Scandinavia and is particularly excited about Latin America – just as the streaming music firms are. It’s also interesting to see catalogue becoming a big point of difference in the streaming video market, with Netflix pointing out that of its 200 top TV shows and films, rival Amazon Prime only has 73, Hulu Plus 27 and Redbox 12. “In other words, when it comes to the most popular content with members on Netflix, none of these services are good substitutes to Netflix,” said the company. Bar the odd Red Hot Chili-style exclusive for Spotify, the streaming music market isn’t really experiencing the same gap in catalogue depth.
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Tools: Kaiber
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