The company now has 104 million subscribers worldwide but remains locked into contracts requiring it to pay more than $13 billion for programming during the next three years
In this Friday, Jan. 17, 2014, file photo, a person displays Netflix on a tablet in North Andover, Massachusetts. Amazon is taking on Netflix and Hulu with a stand-alone video streaming service. Starting the week of April 18, 2016, customers can pay $8.99 a month to watch Amazon’s Prime video streaming service. Previously, the only way to watch Prime videos was to pay $99 a year for Prime membership, which includes free two-day shipping on items sold by the site. The video-only option won’t come with any free shipping perks. (AP Photo/Elise Amendola, File), photo: AP/Elise Amendola, File
17 of July 2017 16:07:02
SAN FRANCISCO – 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.