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Netflix ended the fourth quarter of 2016 with a bang by adding more than 7 million subscribers across the globe, which greatly exceeded its own projections. Netflix also hit $2.35 billion in revenue, up from $1.67 billion last year.
In an effort to compete with Netflix for both eyeballs and prestigious awards, Amazon Studios has doubled its spending on original content in the last year, spending about $3 billion. Netflix, meanwhile, will drop a cool $6 billion this year. Is this spending spree sustainable?
CBS, the most-watched American broadcast network, has been very wary of Hulu since the streaming company started years ago. It looks like some thawing might finally be taking place in the relationship, however, with the announcement of a new agreement.
If you don’t already have an Apple TV, Roku, Chromecast, or other internet-connected device attached to your TV now, there’s a really good chance that’ll change in the next year or two. According to new research from The NPD Group, more than 238 million web-connected devices that deliver apps to TVs will be installed in the U.S. by 2019.
It was bound to happen–Netflix is planning on launching reality TV shows. The streaming giant plans to product about 1,000 hours of original content next year. This tally will include 20 unscripted shows.
Netflix has heard the pleas of its customers to allow content to be downloaded for offline viewing. This week, the streaming giant launched new versions of its mobile apps that include a “download” button on the details page for certain movies and shows.
Even though more people shopped Black Friday sales than ever before last weekend, sales of packaged media such as Blu-rays, DVDs, CDs, and video games were down, according to a new report from the National Retail Foundation.
4K TVs are going to have a moment this holiday shopping season, according to new research from The NPD Group. The firm’s surveys show that nearly 40 percent of respondents are likely to use an Ultra HDTV in the near future.