Netflix Conference Call Reveals Subscriber Statistics

Posted Fri Jan 29, 2010 at 07:00 AM PST by Mike Attebery

The possibility of picking up HBO, iPhone apps, and new streaming content were also discussed.

If you hadn’t guessed, Netflix is doing amazingly well. Their streaming service, for starters, is built into practically every new device that comes out. It’s in all three major gaming consoles as well as Blu-ray players, receivers and televisions. But it’s not just streaming that’s doing well.

Netflix boasted a million new subscribers in the last quarter of 2009, which brings them up to twelve million. Around fifty percent of those have used the streaming service. Ten percent of those subscribers are getting Blu-ray disks as well. That brings the number of people ponying up the extra couple of bucks for Blu-ray up to over a million.

The iPhone was mentioned in the call, but Netflix execs said that they haven’t considered an iPhone app yet. Of course, any new iPhone app would be compatible with the newly launched iPad, making a streaming application for Apple devices that much more interesting. It’s already been shown that Silverlight can be made to work on the iPhone, so this is definitely a possibility.

They also spent some time talking about trying to compete with HBO and Showtime. “At this point we are looking to try to work with the existing pay TV services,” said Reed Hastings, CEO of Netflix. She added, “We are a distributor for Starz now. We would like to be for Showtime, HBO and Epics. That is the relationship that we want as opposed to trying to bid against them.”

Source: Seeking Alpha

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Tags: Industry Trend, Netlfix (all tags)